OverviewSuggest Edit

Pareteum Corporation is an international provider of mobile networking software and services. The company empowers Mobile Virtual Network Operators (MVNOs) and Mobile Network Operators (MNOs) by providing a cloud based mobile communications infrastructure, operating software and managed services. Pareteum enables telecoms carriers and virtual network operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high-quality customer service without substantial upfront investment.

The Company provides operating software, managed services, cloud and SaaS solutions and an integrated transaction and delivery platform to the mobile telecommunications industry globally. Additionally, through a partnership with ValidSoft Limited Pareteum is able to deliver technology that provides transaction verification and access authentication solutions in order to reduce credit & debit card fraud for banks.

TypePublic
Founded2001
HQNew York, NY, US
Websitepareteum.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2018)138(+123%)
Job Openings10
Revenue (FY, 2019)$62 M(+92%)
Share Price (Sept 2021)$0.1(+13%)
Cybersecurity ratingFMore

Key People/Management at Pareteum

Robert H. Turner

Robert H. Turner

Director
Mary Beth Vitale

Mary Beth Vitale

Interim Chairman
Ted O'Donnell

Ted O'Donnell

Chief Financial Officer
Luis Jimenez-Tuñon

Luis Jimenez-Tuñon

Director
Robert L. Lippert

Robert L. Lippert

Director
Bart Weijermars

Bart Weijermars

Interim Chief Executive Officer and Chief Strategy Officer
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Pareteum Office Locations

Pareteum has offices in New York, Manama, Brugge, Rotselaar and in 5 other locations
New York, NY, US (HQ)
1185 6th Ave 37th floor
Brugge, BE
Vaartdijkstraat 19
Rotselaar, BE
Wingepark 5b/bus 302
Lübeck, DE
Maria-Goeppert-Straße 7
Bengaluru, IN
Level 5, Prestige Solitaire, #6, Brunton Rd, Craig Park Layout, Ashok Nagar
Aalsmeer, NL
Hornweg 7
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Pareteum Financials and Metrics

Pareteum Revenue

Pareteum's revenue was reported to be $62.05 m in FY, 2019
USD

Revenue (FY, 2019)

62.0m

Gross profit (FY, 2019)

14.9m

Gross profit margin (FY, 2019), %

24%

Net income (FY, 2019)

(226.8m)

EBIT (FY, 2019)

(220.4m)

Market capitalization (9-Sept-2021)

17.9m

Closing stock price (9-Sept-2021)

0.1

Cash (31-Dec-2019)

4.4m

EV

19.3m
Pareteum's current market capitalization is $17.9 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

12.9m13.5m32.4m62.0m

Revenue growth, %

5%139%

Cost of goods sold

3.7m10.3m47.1m

Gross profit

9.9m22.1m14.9m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

3.3m3.3m3.2m2.8m3.2m3.5m4.1m10.1m8.0m23.0m34.1m

Cost of goods sold

945.7k2.1m10.1m15.3m

Gross profit

2.3m5.9m13.0m18.9m

Gross profit Margin, %

71%73%56%55%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

6.0m1.2m1.3m369.3k931.2k13.5m6.1m4.4m

Accounts Receivable

6.4m5.1m6.0m1.1m2.1m3.3m8.3m

Prepaid Expenses

1.5m1.8m2.3m2.0m900.4k2.1m4.5m

Current Assets

14.2m9.4m9.7m4.0m3.2m16.7m11.9m18.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

4.7m10.8m3.1m4.1m4.3m570.6k3.0m6.1m3.9m829.4k1.2m994.7k1.2m858.9k406.5k237.2k977.1k1.4m741.9k699.7k15.8m19.2m18.4m10.7m3.4m

Accounts Receivable

7.3m6.7m8.1m5.7m4.4m4.5m3.4m4.2m6.3m8.2m13.6m3.7m2.8m1.1m739.5k633.3k616.7k249.3k335.4k2.0m3.9m7.2m28.6m45.1m

Prepaid Expenses

4.9m1.4m2.3m1.8m1.7m2.3m2.2m2.5m2.1m2.6m1.9m1.5m1.7m1.9m1.1m1.1m1.2m680.7k797.2k1.2m1.2m943.2k3.6m3.4m

Inventories

USDQ2, 2011

Financial Leverage

1.4 x
Show all financial metrics

Pareteum Acquisitions / Subsidiaries

Company NameDateDeal Size
iPassFebruary 15, 2019

Pareteum Cybersecurity Score

Cybersecurity ratingPremium dataset

F

51/100

SecurityScorecard logo

Pareteum Online and Social Media Presence

Embed Graph

Pareteum News and Updates

Pareteum Corporation Announces First Quarter 2021 Financial Results and Provides Business Update

NEW YORK, Aug. 26, 2021 /PRNewswire/ -- Pareteum Corporation (OTC: TEUM), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced financial results for the first quarter of 2021 and provided a business update. "The first quarter of 2021 reflected our emphasis...

Pareteum Announces Full Year 2019 Financial Results with Revenues of $62M, an Increase of $42M

NEW YORK, March 12, 2021 /PRNewswire/ -- Pareteum Corporation (OTC Pink Open Market: TEUM), a global cloud platform-as-a-service (CPaaS) company, achieved another significant milestone today with the announcement of its full-year 2019 financial results and restated first and second...

Delisting of Securities of Superconductor Technologies Inc.; Gulfport Energy Corporation; Apex Global Brands Inc.; Pareteum Corporation; and Youngevity International, Inc. from The Nasdaq Stock Market

NEW YORK, Feb. 01, 2021 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock, of Superconductor Technologies Inc. Superconductor Technologies Inc.’s common stock was suspended on September 30, 2020 and has not traded on Nasdaq since that time.

Pareteum Announces Receipt of Nasdaq Compliance Notifications

NEW YORK, Aug. 19, 2020 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), a global cloud communications platform company, announced that on August 14, 2020, Pareteum Corporation (the "Company") received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC...

Pareteum Secures $17.5 million in Financing to Position for Future Growth

Pareteum Corporation (Nasdaq: TEUM), (the "Company"), a global cloud communications platform company, today announced that the Company closed the issuance of $17.5 million in Senior Secured Convertible Notes, with warrants, to an institutional investor. The net proceeds to the Company will be $14 mi…

Pareteum Receives Listing Extension from Nasdaq

NEW YORK, May 29, 2020 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), (the "Company"), a cloud communications platform company, today announced that on May 27, 2020 the Company received a letter from the Office of General Counsel of The Nasdaq Stock Market LLC ("Nasdaq") informing...
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Pareteum Blogs

Top SMS Use Cases for Retail and E-Commerce in 2021

Business SMS (Short Messaging Service), otherwise known as bulk messaging, is a proven communications solution for retailers and e-commerce enterprises of all shapes and sizes. With digital sales on the rise and smart retail services being adopted in greater numbers around the world, SMS offers powe…

Wi-Fi Basics: What is Wi-Fi 6E?

In this blog post, we’re keeping things simple. We’ll be discussing Wi-Fi 6E, which resulted in the biggest spectrum addition since the Federal Communications Commission (FCC) cleared the way for Wi-Fi back in 1989. Here’s what we’ll cover… What is Wi-Fi 6E? What’s the difference between Wi-Fi 6 and…

Internet of Things: More Types of IoT (Part 2)

In this blog post, we cover three more types of Internet of Things subcategories. Specifically, we answer the following questions: What is the Internet of Cities / Internet of City Things? What is the Internet of Things for Financial Services? What is the Internet of Goods (IoG)? For more informatio…

Better Tech for Kids: Pareteum Partners with Troomi Wireless to Unveil Kidsafe Smartphone Service

New KidSmart OS™ technology allows parents to curate the content on their children’s mobile devices, keeping predators out and empowerment in. NEW YORK, NY – August 3, 2021 – Pareteum Corporation, a global cloud communications platform company and AT&T Partner Exchange® solution provider, announ…

Internet of Things: More Types of IoT (Part 1)

Back in February we wrote a blog post that covered the five basic Internet of Things categories: Consumer IoT (CIoT), Commercial IoT, Industrial IoT (IIoT), Infrastructure IoT, and the Internet of Military Things (IoMT). But these categories are just the tip of the proverbial iceberg — start researc…

Cayon Cloud Communications Selects Pareteum Experience Cloud to Launch New MVNO Brands

Cayon plans to reach more than 10 mobile brands and over 100,000 subscribers by the end of 2021 NEW YORK, NY and TUNIS, TUNISIA – July 13, 2021 – Pareteum Corporation (OTC: TEUM), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced that Cayon Cloud Communications (Ca…
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Pareteum Frequently Asked Questions

  • When was Pareteum founded?

    Pareteum was founded in 2001.

  • Who are Pareteum key executives?

    Pareteum's key executives are Robert H. Turner, Mary Beth Vitale and Ted O'Donnell.

  • How many employees does Pareteum have?

    Pareteum has 138 employees.

  • What is Pareteum revenue?

    Latest Pareteum annual revenue is $62 m.

  • What is Pareteum revenue per employee?

    Latest Pareteum revenue per employee is $449.6 k.

  • Who are Pareteum competitors?

    Competitors of Pareteum include IronYun, AloTech and Scalarr.

  • Where is Pareteum headquarters?

    Pareteum headquarters is located at 1185 6th Ave 37th floor, New York.

  • Where are Pareteum offices?

    Pareteum has offices in New York, Manama, Brugge, Rotselaar and in 5 other locations.

  • How many offices does Pareteum have?

    Pareteum has 12 offices.