Summary - Funding Rounds

Founding Date

2010

Total Funding

$10 m

Investors

In total, JetPay had raised $10 m. JetPay is a subsidiary of NCR Corporation

JetPay Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

33.4m43.3m56.3m76.0m

Cost of goods sold

20.0m26.2m37.5m52.4m

Gross profit

13.5m17.1m18.9m23.7m

Gross profit Margin, %

40%39%34%31%

General and administrative expense

12.1m13.3m16.9m19.6m

Operating expense total

14.9m16.9m27.0m25.0m

Depreciation and amortization

2.8m3.6m4.0m4.5m

EBIT

(1.4m)185.0k(8.1m)(1.3m)

EBIT margin, %

(4%)0%(14%)(2%)

Interest expense

1.7m819.0k1.2m1.1m

Interest income

22.2k

Pre tax profit

(6.6m)(1.0m)(9.6m)(2.6m)

Income tax expense

222.0k197.0k(1.4m)527.0k

Net Income

(614.8k)(5.0m)(6.9m)(1.2m)(8.2m)(3.1m)

JetPay Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

69.1k4.8m5.4m5.6m12.6m6.8m

Accounts Receivable

2.1m2.6m3.1m4.7m5.3m

Prepaid Expenses

614.0k828.0k871.0k5.8m1.7m

Current Assets

59.0m69.9m76.6m109.6m117.1m

PP&E

1.3m1.2m2.0m2.1m4.0m

Goodwill

30.9m31.2m41.8m41.8m49.0m49.0m

Total Assets

69.0m121.7m144.4m148.8m187.2m192.9m

Accounts Payable

14.3k2.1m12.2m9.2m8.7m10.8m11.6m

Short-term debt

7.3m12.9m6.2m11.1m19.0m17.8m

Current Liabilities

14.3k76.1m73.4m79.8m104.6m116.2m

Long-term debt

140.0k8.1m14.8m13.3m13.8m12.7m

Total Debt

7.4m8.1m21.0m3.4m8.1m3.4m

Total Liabilities

84.5m89.8m93.8m120.2m131.2m

Common Stock

3.8k12.0k14.0k14.0k18.0k18.0k

Preferred Stock

Additional Paid-in Capital

5.2m41.3m43.9m40.8m38.8m35.2m

Retained Earnings

(19.2m)(20.4m)(28.6m)(31.7m)

Total Equity

5.1m29.0m24.8m20.4m10.2m(1.4m)

Debt to Equity Ratio

0.3 x0.2 x0.8 x-2.3 x

Debt to Assets Ratio

0.1 x0 x0 x0 x

Financial Leverage

13.6 x4.2 x5.8 x7.3 x18.3 x-134.2 x

Quarterly

USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

126.4k38.4k14.3k7.0k2.7m2.0m2.9m4.5m4.1m3.9m6.2m5.2m5.5m6.1m4.4m5.4m7.2m8.5m7.2m6.7m8.7m8.3m

Accounts Receivable

1.6m2.5m1.8m1.3m1.3m1.3m1.6m1.9m1.9m2.1m2.7m2.6m2.8m3.3m4.0m4.6m4.0m4.0m

Prepaid Expenses

543.0k580.0k872.0k648.0k697.0k788.0k728.0k601.0k780.0k776.0k5.4m6.2m820.0k1.2m1.5m1.2m1.5m1.6m

Current Assets

76.1m59.4m59.0m89.3m67.6m49.2m83.4m55.7m56.6m98.1m90.7m84.5m137.0m117.0m97.8m128.6m113.7m95.1m

PP&E

1.4m1.4m1.3m1.2m1.1m1.1m1.2m1.3m1.5m1.9m2.1m2.2m2.3m2.9m3.5m5.0m5.4m5.6m

Goodwill

30.9m30.9m30.9m31.2m31.2m31.2m41.8m41.8m41.8m41.8m49.0m49.0m49.0m49.0m49.0m49.0m49.0m49.0m

Total Assets

72.8m69.0m68.8m68.8m141.1m124.2m122.7m150.8m127.6m107.8m157.2m128.8m129.1m169.5m169.3m162.8m214.0m193.5m174.2m205.9m190.7m171.4m

Accounts Payable

14.4k31.8k257.9k257.9k8.7m10.0m11.1m11.4m8.9m9.3m9.0m8.5m8.8m9.3m11.3m10.8m10.6m12.1m10.6m11.6m12.1m12.3m

Short-term debt

90.0k232.5k7.1m7.2m9.5m13.7m14.6m15.0m7.3m8.5m10.1m13.7m15.3m20.5m14.9m15.9m16.4m18.5m19.4m20.4m

Current Liabilities

14.4k81.8k347.9k490.4k87.2m71.7m72.5m106.8m83.0m64.9m87.1m59.4m60.9m102.3m99.6m89.8m135.8m116.0m97.2m128.5m112.2m94.3m

Long-term debt

17.1m17.6m17.0m7.8m7.6m7.8m14.2m14.8m13.7m12.7m12.2m13.9m13.2m13.1m12.9m12.5m12.0m11.3m

Total Debt

90.0k232.5k24.2m24.7m17.0m18.7m22.2m22.8m21.5m2.4m3.2m5.3m6.1m10.4m3.1m3.2m2.9m3.2m3.3m3.4m

Total Liabilities

107.6m92.4m94.2m114.9m90.9m73.0m102.7m74.6m75.2m115.4m113.4m105.6m151.4m130.7m111.6m143.6m126.2m107.9m

Common Stock

3.8k3.8k3.8k3.8k12.0k12.0k12.0k12.0k12.0k12.0k14.0k14.0k14.0k14.0k18.0k18.0k18.0k18.0k18.0k18.0k18.0k18.0k

Preferred Stock

Additional Paid-in Capital

5.2m5.2m5.2m5.2m39.9m39.9m40.1m40.9m41.4m41.0m42.8m41.7m40.8m39.5m41.8m40.5m42.2m40.3m37.9m32.5m29.6m25.9m

Retained Earnings

(19.4m)(19.8m)(20.2m)(21.4m)(26.9m)(28.3m)(28.8m)(30.1m)(30.7m)(31.4m)(29.9m)(31.1m)

Total Equity

5.1m5.0m4.7m4.5m33.5m31.8m28.5m27.2m25.4m22.8m23.4m21.9m20.7m18.2m14.9m12.2m8.5m5.2m2.3m(3.9m)(5.3m)(10.1m)

Debt to Equity Ratio

0.6 x0.7 x0.1 x0.2 x0.3 x0.4 x0.9 x0.4 x0.6 x1.3 x-0.8 x-0.6 x-0.3 x

Debt to Assets Ratio

0.1 x0.1 x0 x0 x0 x0 x0.1 x0 x0 x0 x0 x0 x0 x

Financial Leverage

14.2 x13.8 x14.7 x15.1 x4.2 x3.9 x4.3 x5.5 x5 x4.7 x6.7 x5.9 x6.2 x9.3 x11.3 x13.3 x25.2 x36.9 x76.9 x-53.3 x-36.1 x-17 x

JetPay Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(614.8k)(5.0m)(6.9m)(1.2m)(8.2m)(3.1m)

Depreciation and Amortization

2.8m3.6m4.0m4.5m

Accounts Receivable

(25.0k)(489.0k)(1.0m)(637.0k)

Accounts Payable

(3.6m)(357.0k)233.0k1.1m

Cash From Operating Activities

(371.2k)(4.5m)3.3m1.5m2.5m

Purchases of PP&E

(258.0k)(416.0k)(875.0k)(716.0k)(2.2m)

Cash From Investing Activities

119.5k(19.5m)(8.4m)(1.6m)(2.3m)

Long-term Borrowings

(11.3m)(1.6m)(14.0m)(8.1m)

Cash From Financing Activities

206.3k24.6m5.3m7.1m(5.9m)

Net Change in Cash

(45.4k)560.0k235.0k7.0m(5.8m)

Interest Paid

1.6m978.0k1.1m1.3m

Income Taxes Paid

461.0k370.0k434.0k112.0k

Quarterly

USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(38.4k)(96.1k)(382.4k)(537.6k)885.0k(4.3m)(1.4m)(3.8m)(5.8m)(220.0k)(615.0k)(999.0k)(1.0m)(6.6m)(7.9m)(167.0k)(1.5m)(2.1m)(371.0k)1.1m(10.0k)

Depreciation and Amortization

2.0m663.0k1.3m2.0m877.0k1.8m2.7m912.0k1.9m2.9m1.1m2.2m3.4m1.2m2.4m3.6m

Accounts Receivable

1.2m824.0k769.0k744.0k988.0k735.0k725.0k1.0m1.0m1.1m1.9m1.3m640.0k706.0k1.3m1.2m

Accounts Payable

2.9m(770.0k)(3.3m)(3.0m)(147.0k)(621.0k)(346.0k)702.0k6.7m74.0k172.0k1.7m132.0k52.0k498.0k663.0k

Cash From Operating Activities

(78.6k)(138.8k)(294.0k)2.1m98.0k(3.0m)(2.8m)1.2m2.7m3.6m1.5m1.7m1.5m890.0k2.3m2.4m1.6m4.8m5.6m

Purchases of PP&E

(201.0k)(83.0k)(142.0k)(253.0k)(115.0k)(293.0k)(552.0k)(143.0k)(305.0k)(615.0k)(379.0k)(1.0m)(1.6m)(782.0k)(1.6m)(2.2m)

Cash From Investing Activities

11.4k122.6k128.0k827.0k(39.2m)(15.7m)1.6m(16.9m)3.3m1.9m(20.2m)1.2m4.0m(17.0m)84.0k2.6m(16.8m)223.0k3.6m

Long-term Borrowings

(1.1m)(325.0k)(657.0k)(985.0k)(339.0k)(678.0k)(1.0m)(699.0k)(1.6m)(2.4m)(5.7m)(6.3m)(7.4m)(1.0m)(1.7m)(2.5m)

Cash From Financing Activities

36.6k(38.7k)103.8k(1.5m)38.8m18.1m271.0k16.5m(6.2m)(5.4m)19.2m(4.0m)(5.6m)10.8m(6.4m)(10.3m)15.1m(3.1m)(7.8m)

Net Change in Cash

(30.7k)(54.8k)(62.2k)(309.0k)(682.0k)(863.0k)803.0k(131.0k)123.0k471.0k(1.2m)(176.0k)(5.4m)(4.1m)(5.4m)(125.0k)1.9m1.5m

Interest Paid

1.3m379.0k750.0k1.1m466.0k634.0k812.0k175.0k443.0k786.0k428.0k703.0k985.0k267.0k532.0k790.0k

Income Taxes Paid

12.0k229.0k229.0k86.0k160.0k296.0k37.0k216.0k328.0k37.0k245.0k288.0k267.0k267.0k

JetPay Ratios

USDQ3, 2011

Financial Leverage

14.2 x

JetPay Employee Rating

2.66 votes
Culture & Values
2.9
Work/Life Balance
2.9
Senior Management
2.9
Salary & Benefits
2.7
Career Opportunities
2.7
Source