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 Corporation

CardConnect Income Statement

Annual

USDFY, 2016

Revenue

589.3 m

General and administrative expense

55.3 m

Operating expense total

55.3 m

EBIT

(12 m)

EBIT margin, %

(2%)

Interest expense

5.1 m

Pre tax profit

(17.5 m)

Net Income

(16.1 m)

Quarterly

USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

154 m156.7 m

General and administrative expense

31.2 m10.7 m

Operating expense total

31.2 m10.7 m

EBIT

(118.8 k)(98.1 k)(647 k)(19.3 m)757.6 k

EBIT margin, %

(13%)0%

Interest expense

1.8 m2.5 m

Interest income

2 k9.9 k18.3 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)

CardConnect Balance Sheet

Annual

USDFY, 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

Short-term debt

4.3 m

Current Liabilities

38 m

Non-Current Liabilities

132.6 m

Total Debt

4.3 m

Total Liabilities

170.6 m

Additional Paid-in Capital

3.2 m

Retained Earnings

(43.1 m)

Debt to Assets Ratio

0 x

Quarterly

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

Cash

123.8 k65.3 k9.6 m11.5 m

Accounts Receivable

19.9 m20.6 m

Current Assets

166.8 k126.5 k47.1 m61.2 m

PP&E

6 m6.5 m

Goodwill

40.2 m40.2 m

Total Assets

100.2 m100.2 m157.6 m168.8 m

Accounts Payable

361.8 k2.9 m6.3 m

Short-term debt

3 m4.3 m

Current Liabilities

646.8 k30.7 m39.9 m

Long-term debt

129.1 m128 m

Non-Current Liabilities

132.8 m132.3 m

Additional Paid-in Capital

5.3 m4.9 m2.7 m3.9 m

Retained Earnings

(350.3 k)72.2 k(45.6 m)(44.6 m)

Total Equity

5 m5 m(42.9 m)

Financial Leverage

20 x20 x-3.7 x

CardConnect Cash Flow

Annual

USDFY, 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

Quarterly

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

Net Income

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

Depreciation and Amortization

5.7 m4.8 m

Accounts Receivable

19.9 m20.6 m

Accounts Payable

27.2 k20.8 k20.8 k361.8 k2.9 m6.3 m
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