Planet Payment Revenue

Planet Payment revenue was $54.34 m in FY, 2016 which is a 2.9% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1999

Total Funding

$8 m

Investors

In total, Planet Payment had raised $8 m. Planet Payment is a subsidiary of Planet

Planet Payment Revenue Breakdown

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Planet Payment revenue breakdown by business segment: 62.7% from Multi-currency processing services and 37.3% from Payment processing services

Planet Payment Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

43.6m46.6m47.4m52.8m54.3m

Revenue growth, %

2%11%3%

Cost of goods sold

22.0m24.3m23.9m25.8m23.2m

Gross profit

21.6m22.3m23.5m27.1m31.2m

Gross profit Margin, %

50%48%50%51%57%

General and administrative expense

25.9m22.2m18.4m20.4m20.9m

Operating expense total

36.9m22.2m19.6m20.7m21.4m

EBIT

(4.2m)39.9k3.9m6.4m9.8m

EBIT margin, %

(10%)0%8%12%18%

Interest expense

56.0k23.0k77.0k33.5k179.1k

Interest income

1.2k1.0k2.2k1.6k1.8k

Pre tax profit

(4.3m)62.9k4.0m6.4m9.6m

Income tax expense

147.1k40.9k800.5k(4.0m)(15.4m)

Net Income

(4.5m)22.0k3.2m10.4m25.1m

Planet Payment Balance Sheet

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.0m6.6m9.8m14.7m13.3m

Accounts Receivable

5.6m6.0m6.9m6.4m

Prepaid Expenses

2.4m1.5m1.1m1.8m

Inventories

Current Assets

16.5m17.5m22.1m27.9m26.3m

PP&E

1.4m2.2m2.1m1.8m1.7m

Goodwill

347.6k362.1k319.7k286.9k276.8k

Total Assets

27.3m30.4m33.9m44.5m58.6m

Accounts Payable

889.1k585.6k512.1k306.5k830.5k

Short-term debt

337.6k466.0k458.8k290.9k

Current Liabilities

9.1m9.1m8.2m12.3m11.6m

Long-term debt

364.0k9.9m

Non-Current Liabilities

364.0k1.4m1.6m1.7m10.8m

Total Debt

701.6k458.8k9.9m

Total Liabilities

9.4m10.5m9.8m13.9m22.3m

Common Stock

536.6k550.4k556.8k561.9k

Preferred Stock

22.4k22.4k22.4k22.4k

Additional Paid-in Capital

97.6m101.0m103.3m106.7m111.3m

Retained Earnings

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

Total Equity

17.9m19.9m24.1m30.6m36.3m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.5 x1.5 x1.4 x1.5 x1.6 x

Quarterly

USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

5.2m5.3m4.7m5.7m7.3m8.7m11.3m13.5m13.0m13.8m10.5m7.4m15.6m7.3m9.8m

Accounts Receivable

5.4m5.6m6.4m5.5m6.0m5.8m7.4m5.8m6.3m6.6m5.8m6.6m7.0m6.9m7.9m

Prepaid Expenses

2.2m1.9m2.0m1.6m1.5m1.4m1.7m1.7m1.6m2.0m2.0m1.8m2.0m2.1m2.0m

Current Assets

14.5m14.9m15.9m14.8m19.1m20.4m24.0m25.3m25.2m27.4m22.8m19.7m29.8m21.8m24.1m

PP&E

1.9m2.2m2.1m2.2m2.3m2.3m2.2m2.1m2.0m1.8m1.6m1.3m1.6m1.6m1.7m

Goodwill

337.2k342.2k355.7k361.7k359.0k333.6k285.3k291.8k295.7k298.7k292.0k294.8k280.9k300.4k310.7k

Total Assets

25.8m26.9m27.9m28.0m32.1m32.7m35.6m38.5m38.0m43.8m38.8m35.3m61.6m52.7m55.2m

Accounts Payable

991.9k1.1m1.2m748.3k408.5k438.6k474.7k378.1k323.6k450.0k317.3k446.9k1.0m635.1k1.1m

Short-term debt

354.1k450.6k442.7k492.9k511.8k511.2k430.0k364.8k342.9k271.0k244.2k206.9k221.6k196.5k189.0k

Current Liabilities

6.7m6.5m7.3m6.6m8.3m8.4m8.3m9.9m10.7m12.1m9.2m9.2m11.9m10.7m9.1m

Long-term debt

551.5k1.1m9.9m9.9m9.9m

Non-Current Liabilities

551.5k1.1m1.4m1.4m1.8m1.6m1.5m2.3m1.9m1.5m11.3m11.0m10.7m590.0k325.0k

Total Debt

905.6k1.5m442.7k492.9k511.8k511.2k430.0k364.8k342.9k271.0k9.9m9.9m9.9m9.9m189.0k

Total Liabilities

7.2m7.6m8.7m8.0m10.1m10.0m9.7m12.2m12.6m13.7m20.5m20.2m22.6m11.2m9.5m

Common Stock

537.1k544.8k545.7k548.5k553.6k558.1k555.2k551.7k563.9k565.3k590.9k592.3k600.7k602.3k603.5k

Preferred Stock

22.4k22.4k22.4k22.4k22.4k22.4k22.4k22.4k22.4k22.4k15.4k15.4k15.4k15.4k15.4k

Additional Paid-in Capital

99.6m100.1m100.6m102.0m102.4m103.0m103.5m103.8m105.7m108.1m109.2m109.9m112.6m113.1m113.6m

Retained Earnings

(81.5m)(81.2m)(82.0m)(82.7m)(81.2m)(80.7m)(77.0m)(75.1m)(75.0m)(66.6m)(65.3m)(63.1m)(41.9m)(39.9m)(36.2m)

Total Equity

18.5m19.3m19.2m20.0m22.0m22.8m25.8m26.3m25.4m30.1m18.3m15.1m39.0m41.5m45.8m

Debt to Equity Ratio

0.5 x0.7 x0.3 x0.2 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x0.2 x

Financial Leverage

1.4 x1.4 x1.5 x1.4 x1.5 x1.4 x1.4 x1.5 x1.5 x1.5 x2.1 x2.3 x1.6 x1.3 x1.2 x

Planet Payment Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(4.5m)22.0k3.2m10.4m25.1m

Depreciation and Amortization

2.8m2.9m3.0m3.1m2.7m

Accounts Payable

1.7m336.4k(2.0m)1.3m(2.7m)

Cash From Operating Activities

1.6m2.5m5.2m12.2m11.2m

Purchases of PP&E

(269.6k)(828.7k)(117.4k)(183.1k)(437.3k)

Cash From Investing Activities

(3.4m)(2.1m)(1.5m)(1.4m)(1.7m)

Short-term Borrowings

(4.0m)

Long-term Borrowings

(324.8k)(480.0k)(570.2k)(519.2k)(340.9k)

Cash From Financing Activities

95.4k109.1k(458.8k)(5.9m)(10.8m)

Net Change in Cash

(1.7m)570.0k3.3m4.8m(1.4m)

Interest Paid

54.0k63.4k64.6k33.5k247.1k

Income Taxes Paid

541.9k568.1k765.8k765.4k1.0m

Planet Payment Ratios

USDFY, 2012

Financial Leverage

1.5 x

Planet Payment Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Countries

23 21 21 22 23 22 22 22

Enterprise Customers

70 70 70

Merchant Locations

93 k118 k135 k178 k197 k189 k188 k177 k

Patents Issued

4 4 22

Planet Payment Employee Rating

2.820 votes
Culture & Values
2.5
Work/Life Balance
2.5
Senior Management
1.7
Salary & Benefits
2.5
Career Opportunities
2.4
Source