Login

PARETEUM Corp

pareteum.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed Aug 27, 2021. Its latest SEC filing is a 15-12G from Jan 18, 2023.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides cloud communications software and mobile services to communications providers, enterprises and developers.

How Did They Make Money?

Customers pay monthly fixed and volume-based fees for hosted software, managed mobile services and communications, and Pareteum typically bills at month-end. It also earns fees for implementation and software-development projects.

FY2020 revenue

Who Were Their Customers?

Customers include communications providers, large companies and developers, including IoT businesses. Pareteum's sales team engages senior decision-makers directly, while its growth strategy also uses channel partnerships.

Customers above 10% of revenue, FY2020
of revenue from two customers (20%, 21%)
FY2019: 20% from one customer

Did Revenues Turn Into Profits?

No. It lost $44.7M in FY2020.

Operating income, FY2020
−52% of revenue
▼ −83% (Loss) vs FY2019 (−$215.9M, −348%)
Net income, FY2020
−64% of revenue
▼ −80% (Loss) vs FY2019 (−$222.3M, −358%)
Free cash flow, FY2020
−38% of revenue
▲ +6% (Loss) vs FY2019 (−$24.9M, −40%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q1 FY2021, the three months to Mar 31, 2021
Revenue
▼ −23%
vs $20.1M in Q1 FY2020
Net income
▼ −30% (Loss)
vs −$9.4M in Q1 FY2020
  • Dec 29, 2022 Liquidation plan took effect; common stock was canceled The plan transfers substantially all remaining assets to a liquidating trust, and common shareholders receive no distribution.
  • Aug 1, 2022 Completed sale of substantially all company assets The MVNE business went to Circles; Channel Ventures Group acquired the MVNO, IDM, iPass and small-business operations.
  • May 19, 2022 Filed for Chapter 11 bankruptcy protection The company and certain subsidiaries continued operating as debtors in possession.

Grew. Revenue grew 5.4x in 4 years, from $12.9M in FY2016 to $69.6M in FY2020, about 53% a year.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support