Pareteum Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported revenues of $14,312,000 against $4,015,000 for the same period a year ago. Loss from operations was $5,562,000 against $4,157,000 for the same period a year ago. Net loss was $5,477,000 or $0.06 per common share against $7,518,000 or $0.31 per common share for the same period a year ago. Non-GAAP earnings per common share were $0.02 against loss of $0.02 a year ago.

For the year, the company reported revenues of $32,436,000 against $13,548,000 for the same period a year ago. Loss from operations was $14,643,000 against $8,787,000 for the same period a year ago. Net loss was $12,975,000 or $0.20 per common share against $12,463,000 or $0.84 per common share for the same period a year ago. Non-GAAP earnings per common share were $0.09 against loss of $0.05 a year ago.

Pareteum Corporation expects revenue to be between $105 million and $115 million for the full year of 2019. Company is expecting 2019 revenue growth in the range of 225% to 260% year-over-year, outpacing the market growth rate fivefold to be updated quarterly.