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Pareteum +4.8% after chairman outlines 2018 start

Published 02/12/2018, 09:25 AM
© Reuters.  Pareteum +4.8% after chairman outlines 2018 start
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  • Pareteum (NYSEMKT:TEUM) is up 4.8% premarket following on a letter from its chairman outlining its start to 2018.
  • In January alone, writes Hal Turner, the company signed $20.4M in new contracts around the world, and added $15.2M to a now record-high $162M backlog (which was $60M last June). Turner says he expects the pace to accelerate this year.
  • Cash balance rose to $15.6M as of Jan. 31, he notes, thanks to nearly zero operating cash burn, thanks in part to share appreciation that prompted voluntary exercise of warrants.
  • Now read: Finjan +20% after Symantec (NASDAQ:SYMC) term sheet


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