Type
Subsidiary
Parent Company
First Data Corporation
HQ
King Of Prussia, US
Founded
2006
Website
cardconnect.comCardConnect was founded in 2006 and is headquartered in King of Prussia, US
Key People at CardConnect
Brian Shanahan
Chief Executive Officer and Chairman
Patrick Shanahan
COO
CardConnect Office Locations
CardConnect has an office in King of Prussia
King Of Prussia, US (HQ)
300 1000 Continental Dr
CardConnect Data and Metrics
CardConnect Summary
Founding Date | 2006 |
Total Funding | $50 m |
Investors | FTV Capital |
In total, CardConnect had raised $50 m. CardConnect is a subsidiary of First Data Corporation
CardConnect Financial Metrics
CardConnect's revenue was reported to be $156.7 m in Q1, 2017
| USD | FY, 2016 |
|---|---|
Revenue | 589.3 m |
General and administrative expense | 55.3 m |
Operating expense total | 601.4 m |
EBIT | (12 m) |
EBIT margin, % | (2%) |
Interest expense | (5.1 m) |
Pre tax profit | (17.5 m) |
Net Income | (16.1 m) |
| USD | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|
Revenue | 154 m | 156.7 m | |||
General and administrative expense | 31.2 m | 10.7 m | |||
Operating expense total | 31.2 m | 10.7 m | |||
EBIT | (118.8 k) | (98.1 k) | (647 k) | (19.3 m) | 757.6 k |
EBIT margin, % | (13%) | 0% | |||
Interest expense | (1.8 m) | (2.5 m) | |||
Interest income | 2 k | 9.9 k | 18.3 k | ||
Pre tax profit | (21.3 m) | (1.8 m) | |||
Income tax expense | (772.2 k) | ||||
Net Income | (116.8 k) | (78.1 k) | 422.5 k | (22.1 m) | (1.6 m) |
| USD | FY, 2016 |
|---|---|
Cash | 9.4 m |
Accounts Receivable | 26 m |
Current Assets | 62.7 m |
PP&E | 5.6 m |
Goodwill | 40.2 m |
Total Assets | 167.8 m |
Accounts Payable | 3.6 m |
Total Debt | 4.3 m |
Current Liabilities | 38 m |
Non-Current Liabilities | 132.6 m |
Total Liabilities | 170.6 m |
Additional Paid-in Capital | 3.2 m |
Retained Earnings | (43.1 m) |
Debt to Assets Ratio | 0 x |
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|
Cash | 123.8 k | 65.3 k | 9.6 m | 11.5 m |
Accounts Receivable | 19.9 m | 20.6 m | ||
Current Assets | 166.8 k | 126.5 k | 47.1 m | 61.2 m |
PP&E | 6 m | 6.5 m | ||
Goodwill | 40.2 m | 40.2 m | ||
Total Assets | 100.2 m | 100.2 m | 157.6 m | 168.8 m |
Accounts Payable | 361.8 k | 2.9 m | 6.3 m | |
Current Liabilities | 646.8 k | 30.7 m | 39.9 m | |
Non-Current Liabilities | 132.8 m | 132.3 m | ||
Additional Paid-in Capital | 5.3 m | 4.9 m | 2.7 m | 3.9 m |
Retained Earnings | (350.3 k) | 72.2 k | (45.6 m) | (44.6 m) |
Total Equity | 5 m | 5 m | (42.9 m) | |
Financial Leverage | 20 x | 20 x | -3.7 x |
| USD | FY, 2016 |
|---|---|
Net Income | (16.1 m) |
Depreciation and Amortization | 22.3 m |
Accounts Receivable | (10.4 m) |
Accounts Payable | 653.8 k |
Cash From Operating Activities | 1.2 m |
Purchases of PP&E | (1.2 m) |
Cash From Investing Activities | (11 m) |
Long-term Borrowings | (62 m) |
Cash From Financing Activities | 15.7 m |
Interest Paid | 4.2 m |
Income Taxes Paid | 372.7 k |
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|
Net Income | (116.8 k) | (78.1 k) | 422.5 k | (22.1 m) | (1.6 m) | ||
Depreciation and Amortization | 5.7 m | 4.8 m | |||||
Accounts Receivable | 19.9 m | 20.6 m | |||||
Accounts Payable | 27.2 k | 20.8 k | 20.8 k | 361.8 k | 2.9 m | 6.3 m |
