Net Element

Net Element, Inc. (NASDAQ:NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States.

The Company owns and operates a global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012, Aptito, a next generation cloud-based point of sale payments platform, and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Beeline, Russia's second largest telecommunications operator. Together with its subsidiaries, Net Element enables ecommerce and adds value to mobile commerce environments. Its global development centers and high-level business relationships in the United States, Russia and Commonwealth of Independent States strategically position the Company for continued growth. The Company has U.S. headquarters in Miami and headquarters in Moscow.

Type
Public
HQ
North Miami Beach, US
Founded
2004
Net Element was founded in 2004 and is headquartered in North Miami Beach, US

Key People at Net Element

Oleg Firer

Oleg Firer

Chief Executive Officer and Director
Jonathan New

Jonathan New

Chief Financial Officer
Kenges Rakishev

Kenges Rakishev

Chairman
James Caan

James Caan

Director
Drew Freeman

Drew Freeman

Director
Steven Wolberg

Steven Wolberg

Chief Legal Officer and Secretary

Net Element Office Locations

Net Element has offices in North Miami Beach and Moscow
North Miami Beach, US (HQ)
3363 Ne 163rd Street
Moscow, RU
Moscow City, Complex "Federation Tower"

Net Element Metrics

Net Element Financial Metrics

Revenue (2016)

$54.3 m

Revenue growth (2015-16), %

35%

Net income (2016)

($13.6 m)

Market capitalization (28-Apr-2017)

$14.2 m

Closing share price (28-Apr-2017)

$0.8

Cash (31-Dec-2016)

$621.6 k
Net Element's current market capitalization is $14.2 m.
Net Element's revenue was reported to be $54.3 m in FY, 2016 which is a 35% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$18.7 m$21.2 m$40.2 m$54.3 m

Revenue growth, %

13%90%35%

Cost of goods sold

$13.4 m$15.9 m

Gross profit

$5.4 m$5.3 m

Gross profit Margin, %

29%25%

General and administrative expense

$28.2 m$11.4 m$13.6 m$8.8 m

Operating expense total

$63.5 m$28.4 m$50.8 m$63.1 m

EBIT

($44.7 m)($7.2 m)($10.5 m)($8.8 m)

EBIT margin, %

(239%)(34%)(26%)(16%)

Interest expense

($3.7 m)($3.6 m)($1.5 m)

Pre tax profit

($10.2 m)($13.3 m)($13.6 m)

Income tax expense

($213.3 k)

Net Income

($48.3 m)($10.2 m)($13.3 m)($13.6 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$126.3 k$503.3 k$1 m$621.6 k

Accounts Receivable

$111.1 m

Inventories

$23.6 m$803.2 k

Current Assets

$12.7 m$4.9 m

PP&E

$137.3 k

Goodwill

$6.7 m$6.7 m$9.6 m$9.6 m

Total Assets

$22.5 m$14.3 m$22.9 m$23.3 m

Accounts Payable

$63.1 m$1.5 m

Total Debt

$7.6 m$197 k$1 m$1.6 m

Current Liabilities

$20.7 m$5.6 m$10.4 m$15.5 m

Common Stock

$3.2 k$4.6 k$11.3 k

Additional Paid-in Capital

$103.5 m$136.7 m$154.4 m$163.9 m

Retained Earnings

($118.9 m)($129.1 m)($144 m)($157.4 m)

Total Equity

$5.5 m$9 m$4.1 m

Debt to Equity Ratio

0 x0.1 x0.4 x

Debt to Assets Ratio

0.3 x0 x0 x0.1 x

Financial Leverage

2.6 x2.5 x5.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($48.3 m)($10.2 m)($13.3 m)($13.6 m)

Depreciation and Amortization

$2.2 m$2.4 m$2.5 m$3.5 m

Accounts Receivable

($4.3 k)$6.9 k

Cash From Operating Activities

($10.8 m)($1.7 m)($3.3 m)

Cash From Investing Activities

$4.1 m($4.4 m)($1.5 m)

Cash From Financing Activities

$3.1 m$6.5 m$4.4 m

Interest Paid

$1.6 m$548.3 k$611.6 k

Income Taxes Paid

$74.6 k$94.7 k

Net Element Market Value History

Net Element Online Presence

Net Element Company Life

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