Backlog

[admin]

We know that the company had $500M of three-year backlog at the end of Q3, but since there has  been new contracts added:

11/29 Pareteum awarded $76M in additional three-year agreements  Pareteum announced that it has added 11 additional three-year agreements in November 2018 totaling $76M in 36-month contractual revenue backlog.

Breaking News: TEUM latest news. - The Fly

12/13 Pareteum adds $24M in agreements during December  Pareteum has added five additional three-year agreements in December 2018 totaling $24M in 36-month contractual revenue backlog. The new agreements include: connectivity solutions for Ecuador-based mobile virtual network operator; roaming and mobile services for Latin-American telecommunications company across Chile, Argentina, Brazil and Colombia; integrated solutions for European telecommunications company that provides mobile and software solutions throughout UK; smart billing solutions for international startup company; and connectivity solutions for US mobile virtual network operator.

Breaking News: TEUM latest news. - The Fly

• Note the December news is only half the month..
• So by the end of the second week of December they have $600M in backlog..

[admin]

NEW YORK, NY – Feb. 14, 2019 – Pareteum Corporation (Nasdaq: TEUM), a rapidly growing global cloud software communications platform company with a mission to connect “every person and every(thing)”, today announced that it closed FY2018 with six new three-year agreements with new and existing customers, worth a total of $15 million. Combined with previously announced contracts, Pareteum’s 36-month contractual revenue backlog now totals $615 million. In addition, eight agreements that were announced in November and early December have been launched into production.

Pareteum Grows FY2018 36 Month Contract Revenue Backlog to $615M - Pareteum

That's another $15M in just the last two weeks of December, not even the holidays is slowing this down.

In 2018, 3-year backlog increased from $172M at the end of 2017 to $615M at the end of 2018 and in the last 18 months the company went from 4 to 85 customers..

[admin]

Pareteum Corporation (Nasdaq: TEUM), a rapidly growing global cloud software communications platform company with a mission to connect “every person and every(thing)”, today announced that it closed twelve agreements in January including new customers as well as upselling to our existing customers. These twelve new customer agreements signed in January 2019 include the following applications, solutions, and use cases:

Pareteum Sales Momentum brings $49 million in 36 Month Contract Revenue Backlog - Pareteum

Adding $49M in January the total 3-year backlog now stands at $664M. At the end of 2017 this stood at just $174M..

[admin]

New York, NY – March 5, 2019 – Pareteum Corporation (Nasdaq:TEUM), a rapidly growing global cloud software communications platform company with a mission to connect every person and every(thing)™, today announced twenty new customers have executed 3-year contracts during February 2019, valued at $30 million in the company’s expanding 36-month contractual revenue backlog (36MCRB). These new customer transactions geographically span Europe, Middle East, Africa, US and Asia, and include software communications platform service offerings including those from the company’s recent acquisitions of iPass and Artilium.

Pareteum Wins $30 Million in New February Contracts - Pareteum

Another $30M, the total 3-year backlog now stands at a whopping $694M. As we argued in another thread, this thing can't be held back..

[Cann]

Wow, 20 new customers, that's huge, that's more than 20% of their existing customer base and usually contracts increase with usage, given the Q3 dollar net retention rate of 147%..

This could be a dip killer..