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Last $1.16 USD
Change Today +0.01 / 0.87%
Volume 107.6K
NETE On Other Exchanges
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

net element inc (NETE) Snapshot

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52 Week High
09/12/14 - $5.75
52 Week Low
07/18/14 - $0.88
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Current Stock Chart for NET ELEMENT INC (NETE)

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net element inc (NETE) Details

Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its subsidiary, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, including point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, as well as processes other cashless transactions, including checks and direct debits. The company also operates Aptito, a cloud based software-as-a-service restaurant management solution, which offers integrated POS, mPOS, kiosk, and digital menus functionality to drive consumer engagement through Apple iPad-based POS, kiosk, and all other cloud-connected devices. In addition, it operates TOT Money, a proprietary mobile payments and commerce platform that provides carrier-integrated mobile payments solutions to help digital merchants, such as social networks, games, online magazines, and digital media to monetize mobile clients and the subscription base; and mobile campaign management and distribution services that allow for the delivery of mobile campaigns on behalf of company’s content partners. Further, the company provides payment acceptance solutions; all-in-one digital software solution for the food-service industry; information, analytics, and reporting solutions; and Sales Central, a cloud-based solution that provides an integrated toolkit to independent sales organizations and merchants to manage sales, operations, reporting, and accounting functions. Its clients include wireless carriers, content providers, and merchants. The company was formerly known as Net Element International Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is headquartered in North Miami Beach, Florida.

65 Employees
Last Reported Date: 03/30/15
Founded in 2004

net element inc (NETE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $382.6K
Chief Legal Officer, Secretary and Director
Total Annual Compensation: $114.3K
Compensation as of Fiscal Year 2013.

net element inc (NETE) Key Developments

TAS Group and Net Element, Inc. Enter Strategic Partnership to Develop EMV Solutions, Card Management Systems and Mobile Payment Technologies for US, Latin America and Select Global Markets

TAS Group and Net Element, Inc. have entered into a strategic partnership to develop and promote Europay, MasterCard, and Visa (EMV) chip-enabled solutions, card management systems, and mobile payment technologies in the US and various global markets. TAS Group will license its proprietary technology to Net Element and promote and resell Net Element payment and mobile services to existing clients and potential partners. The joint effort is global in scope and adaptable to the unique needs of regions in varying stages of EMV migration. TAS Group and Net Element will jointly promote TAS Campus, an EMV-ready prepaid system, directly to educational institutions, creating a powerful multi-application payment solution for students and faculty with an end-to-end closed and open loop life cycle Card Management System. Net Element will gain the ability to instantly issue EMV secure, prepaid and specialty gift cards for exclusive use by participating merchants of Net Element's Aptito all-in-one digital Point of Sale solution. The partnership will create the Unified Duex Card, an open loop physical and virtual card that allows remittance and complete account management between the US and Latin America. It will be EMV enabled with full functionality in life cycle management and with spending control by a single cardholder for both physical and virtually issued payment cards. In Russia, CIS, Middle East, India and Africa, TAS Group and Net Element will collaborate through local presence to deliver payment, capital and financial markets management solutions to local financial institutions and processors.

Net Element, Inc. Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Net Element, Inc. announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported net revenues of $21,194,461 against $18,749,470 a year ago. Loss from operations was $7,247,453 compared to $44,746,452 a year ago. Loss from continuing operations before income taxes was $10,214,766 compared to $47,885,736 a year ago. Loss from continuing operations was $10,214,766 against $48,099,020 a year ago. Net loss from continuing operations attributable to the company was $10,185,516 or $0.27 per basic and diluted share against $46,969,701 or $1.65 per basic and diluted share a year ago. Net loss was $10,185,516 or $0.27 per basic and diluted share against $48,309,347 or $1.70 per basic and diluted share a year ago. Net cash provided by operating activities was $2,254,025 against net cash used in operating activities of $10,809,954 a year ago.

Net Element, Inc., 2014 Earnings Call, Mar 31, 2015

Net Element, Inc., 2014 Earnings Call, Mar 31, 2015


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