Planet Payment

Planet Payment delivers innovative payment processing solutions that solve many of the challenges facing today’s global electronic payments industry. They deliver payment processing and multi-currency solutions to over 50 financial services institutions around the world. Their services are currently deployed at 40,000 active merchant locations in more than 20 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe. At the heart of Planet Payment is a centrally-hosted transaction platform which manages the global connectivity and interaction between consumers, merchants, banks, and the payment networks. The platform provides the flexibility to deliver solutions tailored to meet the specific needs of banks and merchants in both established and dynamic emerging markets around the world.
Company Growth (employees)
Type
Public
HQ
Long Beach, US
Founded
1999
Size (employees)
163 (est)-6%
Planet Payment was founded in 1999 and is headquartered in Long Beach, US

Key People at Planet Payment

Alan Lubitz

Alan Lubitz

CTO

Planet Payment Office Locations

Planet Payment has an office in Long Beach
Long Beach, US (HQ)
670 Long Beach Blvd

Planet Payment Data and Metrics

Planet Payment Financial Metrics

Planet Payment's revenue was reported to be $12.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

12.7 m

Gross profit (Q1, 2017)

7.4 m

Gross profit margin (Q1, 2017), %

58%

Net income (Q1, 2017)

1.4 m

EBIT (Q1, 2017)

2.1 m

Market capitalization (18-Aug-2017)

189.2 m

Cash (31-Mar-2017)

15.6 m
Planet Payment's current market capitalization is $189.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.6 m47.4 m52.8 m54.3 m

Revenue growth, %

2%11%3%

Cost of goods sold

24.3 m23.9 m25.8 m23.2 m

Gross profit

22.3 m23.5 m27.1 m31.2 m

Gross profit Margin, %

48%50%51%57%

Operating expense total

46.5 m43.5 m46.5 m44.5 m

EBIT

39.9 k3.9 m6.4 m9.8 m

EBIT margin, %

0%8%12%18%

Interest expense

66.9 k65.1 k57.6 k273.9 k

Interest income

1 k2.2 k1.6 k1.8 k

Income tax expense

(40.9 k)(800.5 k)

Net Income

22 k3.2 m10.4 m25.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

11.9 m11.3 m12.1 m12.7 m12.6 m13.7 m13.1 m13.6 m12.7 m

Cost of goods sold

5.6 m5.8 m5.8 m6 m6.5 m6.2 m6.3 m5.7 m5.3 m

Gross profit

6.3 m5.5 m6.3 m6.7 m6.2 m7.5 m6.8 m8 m7.4 m

Gross profit Margin, %

53%48%52%53%49%55%52%58%58%

General and administrative expense

4.5 m4.4 m4.5 m4.7 m5.7 m5.5 m5.2 m5.2 m5.3 m

Operating expense total

4.5 m4.4 m4.5 m4.7 m5.7 m5.5 m5.2 m5.2 m5.3 m

EBIT

1.7 m594.6 k1.8 m2 m208.6 k2 m1.5 m2.5 m2.1 m

EBIT margin, %

14%5%15%16%2%15%12%18%16%

Interest expense

(15.8 k)(15.2 k)(14.6 k)(13.8 k)(10.4 k)(14.7 k)(83 k)(88.7 k)(116.3 k)

Interest income

2881.2 k426365392424398428523

Pre tax profit

1.7 m580.7 k

Income tax expense

(199.7 k)(112.5 k)(110.4 k)(105.3 k)(92.7 k)(237.4 k)(149.1 k)(289.5 k)(535.1 k)

Net Income

1.5 m1.2 m1.7 m1.9 m106 k1.8 m3 m5.3 m1.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.6 m9.8 m14.7 m13.3 m

Current Assets

17.5 m22.1 m27.9 m26.3 m

PP&E

2.2 m2.1 m1.8 m1.7 m

Goodwill

362.1 k319.7 k286.9 k276.8 k

Total Assets

30.4 m33.9 m44.5 m58.6 m

Accounts Payable

585.6 k512.1 k306.5 k830.5 k

Total Debt

9.9 m

Current Liabilities

9.1 m8.2 m12.3 m11.6 m

Non-Current Liabilities

1.4 m1.6 m1.7 m10.8 m

Total Liabilities

10.5 m9.8 m13.9 m22.3 m

Additional Paid-in Capital

101 m103.3 m106.7 m111.3 m

Retained Earnings

(81.9 m)(78.7 m)(68.4 m)(43.3 m)

Total Equity

19.9 m24.1 m30.6 m36.3 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.5 x1.4 x1.5 x1.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

7.3 m8.7 m11.3 m13.5 m13 m13.8 m10.5 m7.4 m15.6 m

Current Assets

19.1 m20.4 m24 m25.3 m25.2 m27.4 m22.8 m19.7 m29.8 m

PP&E

2.3 m2.3 m2.2 m2.1 m2 m1.8 m1.6 m1.3 m1.6 m

Goodwill

359 k333.6 k285.3 k291.8 k295.7 k298.7 k292 k294.8 k280.9 k

Total Assets

32.1 m32.7 m35.6 m38.5 m38 m43.8 m38.8 m35.3 m61.6 m

Accounts Payable

408.5 k438.6 k474.7 k378.1 k323.6 k450 k317.3 k446.9 k1 m

Current Liabilities

8.3 m8.4 m8.3 m9.9 m10.7 m12.1 m9.2 m9.2 m11.9 m

Non-Current Liabilities

1.8 m1.6 m1.5 m2.3 m1.9 m1.5 m11.3 m11 m10.7 m

Additional Paid-in Capital

102.4 m103 m103.5 m103.8 m105.7 m108.1 m109.2 m109.9 m112.6 m

Retained Earnings

(81.2 m)(80.7 m)(77 m)(75.1 m)(75 m)(66.6 m)(65.3 m)(63.1 m)(41.9 m)

Total Equity

22 m22.8 m25.8 m26.3 m25.4 m30.1 m18.3 m15.1 m39 m

Financial Leverage

1.5 x1.4 x1.4 x1.5 x1.5 x1.5 x2.1 x2.3 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

22 k3.2 m10.4 m25.1 m

Depreciation and Amortization

2.9 m3 m3.1 m2.7 m

Cash From Operating Activities

2.5 m5.2 m12.2 m11.2 m

Purchases of PP&E

(828.7 k)(117.4 k)(183.1 k)(437.3 k)

Cash From Investing Activities

(2.1 m)(1.5 m)(1.4 m)(1.7 m)

Cash From Financing Activities

109.1 k(458.8 k)(5.9 m)(10.8 m)

Interest Paid

63.4 k64.6 k33.5 k247.1 k

Income Taxes Paid

568.1 k765.8 k765.4 k1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.5 m1.2 m1.7 m1.9 m106 k1.8 m3 m5.3 m1.4 m

Depreciation and Amortization

2.3 m609 k1.3 m2.1 m553 k

Accounts Payable

408.5 k474.7 k378.1 k323.6 k

Cash From Operating Activities

2.9 m2.5 m2.8 m5.8 m1.8 m

Purchases of PP&E

(100.9 k)(60.7 k)(109.6 k)(156.2 k)(83.2 k)

Cash From Investing Activities

(1.2 m)(348.9 k)(787.7 k)(1.2 m)(312.6 k)

Cash From Financing Activities

515.2 k(3 m)(6.2 m)(11.9 m)832 k

Interest Paid

48.9 k8.5 k14.7 k165.3 k87.8 k

Income Taxes Paid

598.5 k295.6 k504.4 k744.9 k295.8 k
USDY, 2017

Revenue/Employee

75.3 k

Financial Leverage

1.6 x

Planet Payment Market Value History

Traffic Overview of Planet Payment

Planet Payment Online and Social Media Presence

Planet Payment News and Updates

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Planet Payment Company Life and Culture

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