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 Income Statement

Annual

USDFY, 2015FY, 2016

Revenue

589.3m

General and administrative expense

55.3m

Operating expense total

228.6k601.4m

Depreciation and amortization

22.3m

EBIT

(228.6k)(12.0m)

EBIT margin, %

(2%)

Interest expense

5.1m

Interest income

34.8k

Pre tax profit

(17.5m)

Income tax expense

1.4m

Net Income

(243.6k)(16.1m)

Quarterly

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

Revenue

154.0m156.7m

General and administrative expense

31.2m10.7m

Operating expense total

118.8k98.1k173.3m155.9m

Depreciation and amortization

5.7m4.8m

EBIT

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

EBIT margin, %

(13%)0%

Interest expense

1.8m2.5m

Interest income

2.0k9.9k18.3k

Pre tax profit

(21.3m)(1.8m)

Income tax expense

(772.2k)199.9k

Net Income

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

CardConnect Balance Sheet

Annual

USDFY, 2015FY, 2016

Cash

153.1k9.4m

Accounts Receivable

26.0m

Current Assets

224.9k62.7m

PP&E

5.6m

Goodwill

40.2m

Total Assets

100.2m167.8m

Accounts Payable

3.6m

Short-term debt

4.3m

Current Liabilities

38.0m

Non-Current Liabilities

132.6m

Total Debt

4.3m

Total Liabilities

5.1m170.6m

Additional Paid-in Capital

5.3m3.2m

Retained Earnings

(272.2k)(43.1m)

Total Equity

5.0m

Debt to Assets Ratio

0 x

Financial Leverage

20 x

Quarterly

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

Cash

188.2k123.8k65.3k9.6m11.5m

Accounts Receivable

19.9m20.6m

Current Assets

293.9k166.8k126.5k47.1m61.2m

PP&E

6.0m6.5m

Goodwill

40.2m40.2m

Total Assets

100.3m100.2m100.2m157.6m168.8m

Accounts Payable

361.8k2.9m6.3m

Short-term debt

3.0m4.3m

Current Liabilities

646.8k30.7m39.9m

Long-term debt

129.1m128.0m

Non-Current Liabilities

132.8m132.3m

Total Debt

132.1m132.2m

Total Liabilities

5.1m5.2m163.5m172.2m

Additional Paid-in Capital

5.2m5.3m4.9m2.7m3.9m

Retained Earnings

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

Total Equity

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

Financial Leverage

20.1 x20 x20 x-3.7 x-4.2 x

CardConnect Cash Flow

Annual

USDFY, 2015FY, 2016

Net Income

(243.6k)(16.1m)

Depreciation and Amortization

22.3m

Accounts Receivable

(10.4m)

Accounts Payable

(20.8k)653.8k

Cash From Operating Activities

(321.2k)1.2m

Purchases of PP&E

(1.2m)

Cash From Investing Activities

(100.0m)(11.0m)

Long-term Borrowings

(62.0m)

Cash From Financing Activities

100.5m15.7m

Interest Paid

4.2m

Income Taxes Paid

372.7k

Quarterly

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

Net Income

(116.8k)(78.1k)422.5k(18.7m)(1.6m)

Depreciation and Amortization

16.7m4.8m

Accounts Receivable

(4.3m)5.4m

Accounts Payable

27.2k20.8k20.8k40.0k361.8k45.2k2.7m

Cash From Operating Activities

(29.3k)(43.8k)10.3m

Purchases of PP&E

(1.2m)(1.3m)

Cash From Investing Activities

(9.4m)(8.0m)

Long-term Borrowings

(62.0m)(500.0k)

Cash From Financing Activities

15.5m(211.3k)

Interest Paid

2.5m(2.1m)

Income Taxes Paid

380.0k(9.2k)
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CardConnect Employee Rating

4.366 votes
Culture & Values
4.1
Work/Life Balance
3.9
Senior Management
4.0
Salary & Benefits
3.9
Career Opportunities
4.1
Source