CardConnect Revenue

CardConnect revenue was $589.32 m in FY, 2016 which is a 28.5% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

2006

Total Funding

$50 m

Investors

In total, CardConnect had raised $50 m. CardConnect is a subsidiary of First Data

CardConnect Revenue Breakdown

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CardConnect revenue breakdown by business segment: 98.8% from Merchant Acquiring Services and 1.2% from Other

CardConnect Income Statement

Annual

USDFY, 2015FY, 2016

Revenue

458.6m589.3m

Revenue growth, %

28%

Cost of goods sold

409.1m523.7m

Gross profit

49.6m65.6m

Gross profit Margin, %

11%11%

General and administrative expense

25.3m55.3m

Operating expense total

25.3m601.4m

Depreciation and amortization

20.4m22.3m

EBIT

3.9m(12.0m)

EBIT margin, %

1%(2%)

Interest expense

1.2m5.1m

Pre tax profit

2.6m(17.5m)

Income tax expense

1.4m(1.4m)

Net Income

1.2m(16.1m)

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

154.0m156.7m

Cost of goods sold

136.4m140.4m

Gross profit

17.7m16.2m

Gross profit Margin, %

11%10%

General and administrative expense

31.2m10.7m

Operating expense total

37.0m15.5m

Depreciation and amortization

5.7m4.8m

EBIT

(34.1k)(118.8k)(98.1k)(647.0k)(19.3m)757.6k

EBIT margin, %

(13%)0%

Interest expense

2.0m2.5m

Interest income

27.9k2.0k9.9k18.3k

Pre tax profit

(21.3m)(1.8m)

Income tax expense

772.2k(199.9k)

Net Income

(6.2k)(116.8k)(78.1k)422.5k(22.1m)(1.6m)

CardConnect Balance Sheet

Annual

USDFY, 2015FY, 2016

Cash

3.6m9.4m

Accounts Receivable

15.7m26.0m

Current Assets

31.5m62.7m

PP&E

6.1m5.6m

Goodwill

40.2m40.2m

Total Assets

145.9m167.8m

Accounts Payable

2.9m3.6m

Short-term debt

4.3m

Current Liabilities

23.4m38.0m

Long-term debt

60.0m128.2m

Non-Current Liabilities

63.8m132.6m

Total Debt

60.0m132.4m

Total Liabilities

87.2m170.6m

Common Stock

15.8k29.1k

Preferred Stock

37.2m

Additional Paid-in Capital

88.7m3.2m

Retained Earnings

(26.9m)(43.1m)

Total Equity

58.7m(39.9m)

Debt to Equity Ratio

1 x-3.3 x

Debt to Assets Ratio

0.4 x0.8 x

Financial Leverage

2.5 x-4.2 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

29.2k314.3k188.2k123.8k65.3k9.6m11.5m

Accounts Receivable

19.9m20.6m

Prepaid Expenses

98.3k105.7k43.0k61.2k1.9m2.5m

Current Assets

412.6k293.9k166.8k126.5k47.1m61.2m

PP&E

6.0m6.5m

Goodwill

40.2m40.2m

Total Assets

434.0k100.4m100.3m100.2m100.2m157.6m168.8m

Accounts Payable

27.2k40.0k361.8k2.9m6.3m

Short-term debt

5.8m6.6m

Current Liabilities

646.8k30.7m39.9m

Long-term debt

129.1m128.0m

Non-Current Liabilities

132.8m132.3m

Total Debt

135.0m134.6m

Total Liabilities

444.1k5.1m5.1m5.2m4.8m163.5m172.2m

Common Stock

3.9k4.7k4.7k4.7k4.7k28.8k29.2k

Preferred Stock

Additional Paid-in Capital

21.3k5.0m5.2m5.3m4.9m2.7m3.9m

Retained Earnings

(35.4k)(41.5k)(158.3k)(350.3k)72.2k(45.6m)(44.6m)

Total Equity

(10.1k)5.0m5.0m5.0m5.0m(42.9m)(40.7m)

Debt to Equity Ratio

-3.1 x-3.3 x

Debt to Assets Ratio

0.9 x0.8 x

Financial Leverage

-42.9 x20.1 x20.1 x20 x20 x-3.7 x-4.2 x

CardConnect Cash Flow

Annual

USDFY, 2015FY, 2016

Net Income

1.2m(16.1m)

Depreciation and Amortization

20.4m22.3m

Accounts Receivable

(5.5m)(10.4m)

Accounts Payable

2.1m653.8k

Cash From Operating Activities

20.1m1.2m

Purchases of PP&E

(4.8m)(1.2m)

Cash From Investing Activities

(37.2m)(11.0m)

Long-term Borrowings

(10.0m)(62.0m)

Dividends Paid

(1.6m)

Cash From Financing Activities

19.5m15.7m

Net Change in Cash

2.4m5.8m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(6.8k)(12.9k)(129.7k)(78.1k)344.4k(18.7m)(1.6m)

Depreciation and Amortization

16.7m4.8m

Accounts Receivable

(4.3m)5.4m

Accounts Payable

6.4k(20.8k)(20.8k)40.0k361.8k45.2k2.7m

Cash From Operating Activities

(350.0)(160.0k)(286.1k)(29.3k)(372.8k)(43.8k)10.3m

Purchases of PP&E

(1.2m)(1.3m)

Cash From Investing Activities

(100.0m)(100.0m)(9.4m)(8.0m)

Long-term Borrowings

(139.2k)(139.2k)(62.0m)(500.0k)

Cash From Financing Activities

24.8k100.5m100.5m285.0k15.5m(211.3k)

Net Change in Cash

24.5k309.6k183.5k(29.3k)(87.8k)6.0m2.1m

Interest Paid

2.5m

Income Taxes Paid

380.0k

CardConnect Ratios

USDQ1, 2015

Financial Leverage

-42.9 x

CardConnect Operating Metrics

FY, 2014FY, 2015FY, 2016Apr, 2019

Merchants

67 k230 k

Merchants (US)

38.06 k48.40 k51.83 k

CardConnect Employee Rating

4.291 votes
Culture & Values
4.3
Work/Life Balance
4.3
Senior Management
4.2
Salary & Benefits
4.2
Career Opportunities
4.2
Source