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.
Type
Public
HQ
Long Beach, US
Founded
1999
Size (employees)
175 (est)
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 Metrics

Planet Payment Financial Metrics

Revenue (2016)

$54.3 m

Revenue growth (2015-16), %

3%

Gross profit

$31.2 m

Gross profit margin (2016), %

57%

Net income (2016)

$25.1 m

Market capitalization (21-Mar-2017)

$185 m

Closing share price (21-Mar-2017)

$3.8

Cash (31-Dec-2016)

$13.3 m
Planet Payment's current market capitalization is $185 m.
Planet Payment's revenue was reported to be $54.3 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$46.6 m$47.4 m$52.8 m$54.3 m

Revenue growth, %

2%11%3%

Cost of goods sold

$24.3 m$23.9 m$25.8 m$23.2 m

Gross profit

$22.3 m$23.5 m$27.1 m$31.2 m

Gross profit Margin, %

48%50%51%57%

Operating expense total

$46.5 m$43.5 m$46.5 m$44.5 m

EBIT

$39.9 k$3.9 m$6.4 m$9.8 m

EBIT margin, %

0%8%12%18%

Interest expense

$66.9 k$65.1 k$57.6 k$273.9 k

Interest income

$1 k$2.2 k$1.6 k$1.8 k

Income tax expense

($40.9 k)($800.5 k)

Net Income

$22 k$3.2 m$10.4 m$25.1 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$6.6 m$9.8 m$14.7 m$13.3 m

Accounts Receivable

Inventories

Current Assets

$17.5 m$22.1 m$27.9 m$26.3 m

PP&E

$2.2 m$2.1 m$1.8 m$1.7 m

Goodwill

$362.1 k$319.7 k$286.9 k$276.8 k

Total Assets

$30.4 m$33.9 m$44.5 m$58.6 m

Accounts Payable

$585.6 k$512.1 k$306.5 k$830.5 k

Current Liabilities

$9.1 m$8.2 m$12.3 m$11.6 m

Non-Current Liabilities

$1.4 m$1.6 m$1.7 m$10.8 m

Total Liabilities

$10.5 m$9.8 m$13.9 m$22.3 m

Additional Paid-in Capital

$101 m$103.3 m$106.7 m$111.3 m

Retained Earnings

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

Total Equity

$19.9 m$24.1 m$30.6 m$36.3 m

Financial Leverage

1.5 x1.4 x1.5 x1.6 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$22 k$3.2 m$10.4 m$25.1 m

Depreciation and Amortization

$2.9 m$3 m$3.1 m$2.7 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$2.5 m$5.2 m$12.2 m$11.2 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 k$64.6 k$33.5 k$247.1 k

Income Taxes Paid

$568.1 k$765.8 k$765.4 k$1 m

Planet Payment Market Value History

Planet Payment Online Presence

Planet Payment News

Planet Payment Company Life

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