Net Element

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

Key People at Net Element

Oleg Firer

Oleg Firer

Chief Executive Officer and Director
Jonathan New

Jonathan New

Chief Financial Officer
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 Data and Metrics

Net Element Financial Metrics

Net Element's revenue was reported to be $54.3 m in FY, 2016 which is a 35% increase from the previous period.
$, USD

Revenue (FY, 2016)

54.3 m

Revenue growth (FY, 2015 - FY, 2016), %

35%

Net income (FY, 2016)

(13.6 m)

EBIT (FY, 2016)

(8.8 m)

Market capitalization (23-Jun-2017)

11.8 m

Closing share price (23-Jun-2017)

0.7

Cash (31-Dec-2016)

621.6 k

EV

12.8 m
Net Element's current market capitalization is $11.8 m.
$, 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

Gross profit Margin, %

29%25%

General and administrative expense

28.2 m11.4 m13.6 m8.8 m

Operating expense total

63.5 m28.4 m50.8 m63.1 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)
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

126.3 k503.3 k1 m621.6 k

Accounts Receivable

111.1 m

Inventories

23.6 m803.2 k

Current Assets

12.7 m4.9 m

PP&E

137.3 k

Goodwill

6.7 m6.7 m9.6 m9.6 m

Total Assets

22.5 m14.3 m22.9 m23.3 m

Accounts Payable

63.1 m1.5 m

Total Debt

7.6 m197 k1 m1.6 m

Current Liabilities

20.7 m5.6 m10.4 m15.5 m

Common Stock

3.2 k4.6 k11.3 k

Additional Paid-in Capital

103.5 m136.7 m154.4 m163.9 m

Retained Earnings

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

Total Equity

5.5 m9 m4.1 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
$, 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 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 m6.5 m4.4 m

Interest Paid

1.6 m548.3 k611.6 k

Income Taxes Paid

74.6 k94.7 k
Y, 2016

EV/EBIT

-1.4 x

EV/CFO

-3.9 x

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

5.7 x

Net Element Market Value History

Net Element Online and Social Media Presence

Net Element Company Life and Culture

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