$28.9 M

NETE Mkt cap, 22-Jun-2018

$14.9 M

Net Element Revenue Q3, 2017
Net Element Net income (Q3, 2017)-1.7 M
Net Element EBIT (Q3, 2017)-1.3 M
Net Element Cash, 30-Sep-2017922.1 K
Net Element EV29 M

Net Element Financials

Net Element Income Statement

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

Gross profit Margin, %

29%25%

General and administrative expense

28.2 m11.4 m13.6 m8.8 m

Operating expense total

28.2 m11.4 m13.6 m8.8 m

EBIT

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

EBIT margin, %

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

Interest expense

3.7 m3.6 m1.5 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)

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%

General and administrative expense

2.5 m6.5 m2.6 m3.2 m2.4 m2 m2.3 m2.8 m2.4 m

Operating expense total

2.5 m6.5 m2.6 m3.2 m2.4 m2 m2.3 m2.8 m16.2 m

Depreciation and amortization

630 k

EBIT

(63 k)(6 m)(2.2 m)(2.5 m)(1.9 m)(1.7 m)(2.8 m)(1.8 m)(2.3 m)(1.3 m)

EBIT margin, %

(1%)(100%)(39%)(36%)(15%)(15%)(20%)(13%)(17%)(9%)

Interest expense

1.8 m790.5 k117.6 k1.3 m1.6 m150.4 k439 k608.7 k269.7 k302.8 k

Pre tax profit

1.3 m(9.1 m)(2.2 m)(4.5 m)(1.9 m)(5.4 m)(3.5 m)(2.5 m)(1.7 m)

Income tax expense

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)(1.7 m)

Net Element Balance Sheet

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

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 m7.5 m

Short-term debt

3.8 m98.5 k518.4 k809 k

Current Liabilities

20.7 m5.6 m10.4 m15.5 m

Long-term debt

3.8 m98.5 k518.4 k809 k

Total Debt

7.6 m197 k1 m1.6 m

Total Liabilities

19.2 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

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

Total Assets

16.6 m15.8 m14 m25.8 m26.2 m21.6 m22.1 m23.4 m23 m20.4 m

Accounts Payable

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

Short-term debt

98.5 k98.5 k318.4 k318.4 k950.9 k570 k384.2 k147.6 k719.6 k503 k

Current Liabilities

6.2 m5.6 m6.7 m10.9 m14 m10.6 m11.3 m12.8 m15.7 m11.6 m

Long-term debt

98.5 k98.5 k318.4 k318.4 k950.9 k570 k384.2 k147.6 k719.6 k503 k

Total Debt

1 m

Total Liabilities

18.5 m

Common Stock

3.8 k4.6 k4.6 k5.8 k7.8 k11.3 k1.3 k1.5 k1.8 k

Preferred Stock

Additional Paid-in Capital

116.5 m137.8 m137.3 m144.4 m149.5 m154.8 m160.1 m163.3 m165.8 m167.8 m

Retained Earnings

(121.2 m)(130.2 m)(131.4 m)(133.6 m)(138.8 m)(145.8 m)(151.1 m)(154.6 m)(159.9 m)(163.3 m)

Total Equity

(6.2 m)7 m3.7 m11.3 m9.1 m7.6 m7 m6.6 m3.5 m2 m

Financial Leverage

-2.7 x2.3 x3.8 x2.3 x2.9 x2.9 x3.2 x3.6 x6.7 x10.3 x

Net Element Cash Flow

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 Receivable

(4.3 k)6.9 k(2.8 m)

Accounts Payable

3.8 m

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

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 Receivable

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

Accounts Payable

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

Net Element Ratios

USDY, 2017

EV/EBIT

-22.7 x

Financial Leverage

10.3 x
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