$27.5 M

NETE Mkt cap, 14-Dec-2018

$17.2 M

Net Element Revenue Q3, 2018
Net Element Net income (Q3, 2018)-936.1 K
Net Element EBIT (Q3, 2018)-761.6 K
Net Element Cash, 30-Sep-20182.6 M
Net Element EV25.9 M

Net Element Income Statement

Annual

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

Revenue

18.7m21.2m40.2m54.3m60.1m

Revenue growth, %

13%90%35%

Cost of goods sold

13.4m15.9m

Gross profit

5.4m5.3m

Gross profit Margin, %

29%25%

General and administrative expense

28.2m11.4m13.6m8.8m10.6m

Operating expense total

63.5m11.4m50.8m63.1m68.7m

Depreciation and amortization

2.2m2.5m3.5m2.5m

EBIT

(44.7m)(7.2m)(10.5m)(8.8m)(8.6m)

EBIT margin, %

(239%)(34%)(26%)(16%)(14%)

Interest expense

3.0m3.7m3.6m1.5m1.2m

Pre tax profit

(10.2m)(13.3m)(13.6m)(10.0m)

Income tax expense

(213.3k)

Net Income

(48.3m)(10.2m)(13.3m)(13.6m)(10.0m)

Net Element Balance Sheet

Annual

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

Cash

126.3k503.3k1.0m621.6k11.3m

Accounts Receivable

10.6m5.2m7.1m5.5m

Inventories

23.6m803.2k

Current Assets

12.7m4.9m

PP&E

137.3k162.1k58.3k

Goodwill

6.7m6.7m9.6m9.6m9.6m

Total Assets

22.5m14.3m22.9m23.3m32.3m

Accounts Payable

3.2m5.9m7.5m6.8m

Short-term debt

3.8m98.5k518.4k809.0k2.5m

Current Liabilities

20.7m5.6m10.4m15.5m14.7m

Long-term debt

3.8m98.5k518.4k809.0k2.5m

Total Debt

7.6m197.0k1.0m1.6m5.0m

Total Liabilities

37.9m13.9m19.2m19.2m

Common Stock

3.2k4.6k11.3k

Additional Paid-in Capital

103.5m136.7m154.4m163.9m183.1m

Retained Earnings

(118.9m)(129.1m)(144.0m)(157.4m)(167.4m)

Total Equity

5.5m9.0m4.1m13.1m

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 x2.5 x

Quarterly

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

Cash

3.9m777.0k1.3m1.4m766.3k675.2k315.7k724.5k633.6k1.4m813.1k1.3m922.1k9.2m6.5m2.6m

Accounts Receivable

9.7m6.5m4.4m4.0m3.3m3.5m4.5m4.4m5.8m5.9m6.7m6.0m4.4m5.1m6.1m5.0m

Current Assets

15.1m9.0m6.5m6.4m

PP&E

162.9k115.0k63.2k44.8k137.6k200.9k151.2k142.4k128.5k113.9k103.2k64.4k51.2k43.2k

Goodwill

6.7m6.7m6.7m6.7m6.7m6.7m6.7m9.6m9.6m9.6m9.6m9.6m9.6m9.6m9.6m9.6m

Total Assets

26.9m18.3m16.6m15.8m14.0m25.8m26.2m21.6m22.1m23.4m23.0m22.0m20.4m29.3m26.8m24.8m

Accounts Payable

2.0m2.9m2.6m2.7m3.4m3.2m4.4m5.1m6.1m5.7m8.3m7.5m6.1m6.4m5.0m5.4m

Short-term debt

1.7m1.6m98.5k98.5k318.4k318.4k950.9k570.0k384.2k147.6k719.6k984.7k503.0k1.5m924.6k484.5k

Current Liabilities

18.2m15.3m6.2m5.6m6.7m10.9m14.0m10.6m11.3m12.8m15.7m13.7m11.6m12.5m10.9m9.8m

Long-term debt

1.6m98.5k98.5k318.4k318.4k950.9k570.0k384.2k147.6k719.6k984.7k503.0k1.5m924.6k484.5k

Total Debt

1.7m3.1m197.0k197.0k636.8k1.9m1.1m768.4k295.2k1.4m2.0m1.0m2.9m1.8m969.0k

Total Liabilities

37.3m34.9m22.8m8.8m14.5m17.0m14.1m15.1m16.8m19.5m20.0m18.5m17.5m16.0m14.8m

Common Stock

2.8k3.2k3.8k4.6k4.6k5.8k7.8k1.1k1.3k1.5k1.8k1.8k385.0

Preferred Stock

Additional Paid-in Capital

106.3m104.8m116.5m137.8m137.3m144.4m149.5m154.8m160.1m163.3m165.8m166.2m167.8m183.2m183.2m183.2m

Retained Earnings

(114.7m)(122.5m)(121.2m)(130.2m)(131.4m)(133.6m)(138.8m)(145.8m)(151.1m)(154.6m)(159.9m)(161.6m)(163.3m)(169.0m)(169.9m)(170.8m)

Total Equity

(16.6m)(6.2m)7.0m3.7m11.3m9.1m7.6m7.0m6.6m3.5m2.0m2.0m11.7m10.8m10.0m

Debt to Equity Ratio

0.2 x0.4 x1 x0.5 x0.2 x

Debt to Assets Ratio

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

Financial Leverage

-1.1 x-2.7 x2.3 x3.8 x2.3 x2.9 x2.9 x3.2 x3.6 x6.7 x11.1 x10.3 x2.5 x2.5 x2.5 x

Net Element Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

2.2m2.4m2.5m3.5m2.5m

Accounts Receivable

(562.3k)(4.3k)(1.5m)(2.8m)3.0m

Accounts Payable

2.3m3.2m3.8m(2.9m)

Cash From Operating Activities

(10.8m)(1.7m)(3.3m)(5.0m)

Cash From Investing Activities

4.1m(4.4m)(1.5m)(1.8m)

Cash From Financing Activities

3.1m6.5m4.4m17.6m

Interest Paid

1.6m548.3k611.6k1.1m

Income Taxes Paid

74.6k94.7k86.9k

Net Element Ratios

USDY, 2018

EV/EBIT

-34 x

EV/CFO

-7.9 x

Financial Leverage

2.5 x
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