Thanks for the report on NETE. That report sums up a lot of why I like this one.
2014 was a year of financial
restructuring as the company brought debt down from $22.5 million to $3.3 million by converting debt to equity. Net cash went from a negative $13.6 million to a positive $400,000.
NonGAAP EPS for the quarter came in at break even versus a non
GAAP loss of $0.14 in Q4 2013
I think payonline will add to their revenues pretty fast.
PayOnline is a processor of on line payments and works with four or five major banks in Commonwealth of Independent States, Europe and Asia. It has 10 million active customers and more than 3,000 merchants. It has a high level of fraud protection, works
with MasterCard and Visa and is integrated into
travel platforms such as SABER, Galileo and GDS. In addition to online web based payments the company also has a mobile app that provides a wallet that can be used for person to person
payments
