Net Element, Inc. 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 global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments, Aptito, a next generation cloud-based point of sale payments platform, and TOT Money. Together with its subsidiaries, Net Element enables e-commerce 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.

Type
Public
HQ
North Miami Beach, US
Founded
2004
Size (employees)
140 (est)
Net Element was founded in 2004 and is headquartered in North Miami Beach, US
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Key People/Management at Net Element

Oleg Firer

Oleg Firer

Chief Executive Officer and Director
Jonathan New

Jonathan New

CFO
Steven Wolberg

Steven Wolberg

Chief Legal Officer and Secretary
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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"
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Net Element Financials and Metrics

Net Element Revenue

Net Element's revenue was reported to be $54.29 m in FY, 2016 which is a 34.9% increase from the previous period.
USD

Revenue (Q3, 2017)

14.9 m

Net income (Q3, 2017)

(1.7 m)

EBIT (Q3, 2017)

(1.3 m)

Market capitalization (11-Jul-2018)

29.2 m

Closing share price (11-Jul-2018)

7.6

Cash (30-Sep-2017)

922.1 k

EV

29.3 m
Net Element's current market capitalization is $29.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

18.7 m21.2 m40.2 m54.3 m

Revenue growth, %

13%90%35%

Cost of goods sold

13.4 m15.9 m

Gross profit

5.4 m5.3 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Revenue

4.9 m6 m5.5 m6.9 m12.7 m11.3 m13.7 m14 m13.6 m14.9 m

Cost of goods sold

3.3 m4.7 m4.6 m5.5 m10.7 m

Gross profit

1.6 m1.3 m926.1 k1.4 m2 m

Gross profit Margin, %

32%22%17%21%16%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

126.3 k503.3 k1 m621.6 k

Accounts Receivable

111.1 m7.1 m

Inventories

23.6 m803.2 k

Current Assets

12.7 m4.9 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Cash

1.3 m1.4 m766.3 k675.2 k315.7 k724.5 k633.6 k1.4 m813.1 k922.1 k

Accounts Receivable

4.4 m4 m3.3 m3.5 m4.5 m4.4 m5.8 m5.9 m6.7 m4.4 m

Current Assets

6.5 m6.4 m

Goodwill

6.7 m6.7 m6.7 m6.7 m6.7 m9.6 m9.6 m9.6 m9.6 m9.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

2.2 m2.4 m2.5 m3.5 m

Accounts Payable

3.8 m

Cash From Operating Activities

(10.8 m)(1.7 m)(3.3 m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.3 m(9.1 m)(2.2 m)(1.8 m)(4.5 m)(1.9 m)(5.4 m)(3.5 m)(2.5 m)

Depreciation and Amortization

624.8 k684.5 k438.8 k626.5 k851.6 k888.1 k844.5 k764.9 k657.4 k

Accounts Payable

2.6 m2.7 m3.4 m3.2 m4.4 m5.1 m6.1 m5.7 m8.3 m
USDY, 2017

EV/EBIT

-23 x

Financial Leverage

10.3 x
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Net Element Online and Social Media Presence

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Net Element News and Updates

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Net Element Company Life and Culture

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