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)

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

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

CardConnect Operating Metrics

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

Merchants

67 k230 k

Merchants (US)

38.06 k48.40 k51.83 k

CardConnect Employee Rating

4.481 votes
Culture & Values
4.5
Work/Life Balance
4.5
Senior Management
4.2
Salary & Benefits
4.3
Career Opportunities
4.4
Source