Debt Resolve

Debt Resolve, Inc. provides an Internet-based bidding system for the collection of past due consumer debt to banks, lenders, credit card issuers, third party collection agencies and collection law firms, and purchasers of charged-off debt primarily in the United States. The Company offers DebtResolve system, which enables its creditor clients to settle and collect defaulted consumer debts via the Internet, as an application service provider. Its DebtResolve system consists of a suite of modules that include DR Settle, which allows debtors to make offers or bids, what they can pay against their total overdue balances; DR Pay for online payments; DR Control for system administration; DR Mail, an email methodology; and DR Prevent for the settlement of consumer debt at earlier stages. The Company also provides its services to auto loan grantors, telecoms, utilities, as well as to hospitals and large provider groups. 
Type
Public
HQ
White Plains, US
Founded
2003
Size (employees)
4 (est)+300%
Debt Resolve was founded in 2003 and is headquartered in White Plains, US

Debt Resolve Office Locations

Debt Resolve has an office in White Plains
White Plains, US (HQ)
s 1133 Westchester Ave

Debt Resolve Financials and Metrics

Debt Resolve Financials

Debt Resolve's revenue was reported to be $4.4 m in FY, 2016
USD

Revenue (Q1, 2017)

2.2 m

Net income (Q1, 2017)

(155.2 k)

EBIT (Q1, 2017)

349.6 k

Cash (31-Mar-2017)

634.1 k
USDFY, 2016

Revenue

4.4 m

General and administrative expense

2.5 m

Operating expense total

2.5 m

EBIT

(478.2 k)
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

470.1 k1.4 m2.2 m657.6 k347.8 k1.3 m2.2 m

General and administrative expense

748.6 k677.8 k1.1 m741.5 k458.6 k483.8 k776 k

Operating expense total

748.6 k677.8 k1.1 m741.5 k458.6 k483.8 k776 k

EBIT

(616.7 k)277.7 k520.7 k(523.1 k)(411.7 k)(8.4 k)349.6 k
USDFY, 2016

Cash

593.1 k

Accounts Receivable

3.9 m

Current Assets

4.5 m

Total Assets

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

Cash

142.3 k224.2 k179.4 k14.2 k59.3 k135.1 k634.1 k

Accounts Receivable

326.4 k558.6 k1.5 m4.1 m3.7 m1.4 m3.7 m

Current Assets

490.1 k801.5 k1.8 m4.2 m3.8 m1.5 m4.4 m

Total Assets

490.1 k801.5 k1.8 m4.2 m3.8 m4.6 m8.2 m
USDFY, 2016

Net Income

(1.9 m)

Accounts Receivable

(4.5 m)

Cash From Operating Activities

(3.8 m)

Cash From Financing Activities

4.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(670.6 k)631.9 k(1.2 m)(809.2 k)(504.2 k)(497.4 k)(155.2 k)

Accounts Receivable

60 k22.3 k326.4 k558.6 k1.5 m4.1 m3.7 m1.4 m3.7 m
USDY, 2017

Revenue/Employee

540.3 k

Financial Leverage

-0.9 x
Show all financial metrics

Debt Resolve's Web-traffic and Trends

Debt Resolve Online and Social Media Presence

Debt Resolve Company Life and Culture

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