Net Element, Inc. (NETE) Income Statement Analysis

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Complete financial analysis of Net Element, Inc. (NETE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Net Element, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.

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Net Element, Inc. (NETE)

Industry: Software - Infrastructure

Sector: Technology

Website: http://www.netelement.com

About Net Element, Inc.

Net Element, Inc. provides mobile payments and other transactional services. The company is headquartered in North Miami Beach, Florida and currently employs 88 full-time employees. The firm is a global transaction processing technology and value-added solutions company. The company operates through segments, including North America Transaction Solutions, Mobile Solutions, Online Solutions and Corporate Expenses & Eliminations. Through TOT Group Russia and Net Element Russia, it provides transactional services, mobile payment transactions, online payment transactions and other payment technologies in countries in the Russian Federation, Commonwealth of Independent States, Europe and Asia. The North America Transaction Solutions segment provides technology and services that businesses require in accepting cashless transaction. The Russian mobile and online payment processing segment consists of Digital Provider. The Online Solutions segment consists of PayOnline, which includes a protected payment processing system to accept bank card payments for goods and services.

Metric	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	65.71M	65.00M	65.79M	60.06M	54.29M	40.24M	21.19M	18.75M	1.41M	0.00	0.00	0.00
Cost of Revenue	55.86M	54.72M	55.62M	51.24M	45.71M	33.98M	15.88M	13.37M	1.10M	715.83K	0.00	0.00
Gross Profit	9.84M	10.28M	10.17M	8.83M	8.58M	6.26M	5.31M	5.37M	314.66K	-715.83K	0.00	0.00
Gross Profit Ratio	14.98%	15.81%	15.46%	14.70%	15.80%	15.55%	25.06%	28.67%	22.28%	0.00%	0.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	9.73M	11.39M	9.90M	13.57M	12.26M	13.62M	10.20M	28.17M	0.00	0.00	170.00K	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	9.73M	11.39M	9.90M	13.57M	12.26M	13.62M	10.20M	28.17M	0.00	0.00	170.00K	0.00
Other Expenses	60.46M	3.12M	2.45M	3.85M	3.47M	3.16M	2.36M	9.88M	16.75M	25.00M	0.00	0.00
Operating Expenses	70.20M	14.51M	12.36M	17.43M	15.73M	16.78M	12.56M	38.05M	16.75M	25.00M	170.00K	0.00
Cost & Expenses	126.06M	69.23M	67.97M	68.66M	61.44M	50.76M	28.44M	51.42M	17.85M	715.83K	170.00K	0.00
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	966.82K	38.34K	0.00	0.00
Interest Expense	1.45M	1.11M	847.18K	1.19M	1.46M	0.00	0.00	0.00	667.13K	0.00	10.00K	0.00
Depreciation & Amortization	3.04M	3.12M	2.45M	2.53M	3.47M	2.51M	2.36M	2.24M	532.09K	38.34K	20.00K	0.00
EBITDA	-1.49M	-2.23M	-1.63M	-6.19M	-8.56M	-10.74M	-7.83M	-45.85M	-15.07M	-677.49K	-150.00K	0.00
EBITDA Ratio	-2.27%	-3.42%	-2.48%	-10.31%	-15.76%	-26.69%	-36.93%	-244.56%	-1,066.99%	0.00%	0.00%	0.00%
Operating Income	-4.49M	-4.23M	-2.19M	-8.60M	-7.15M	-10.52M	-7.25M	-32.67M	-16.43M	-715.83K	-170.00K	0.00
Operating Income Ratio	-6.84%	-6.52%	-3.32%	-14.31%	-13.17%	-26.15%	-34.20%	-174.27%	-1,163.49%	0.00%	0.00%	0.00%
Total Other Income/Expenses	-1.48M	-2.33M	-2.84M	-1.43M	-6.47M	-2.81M	-2.97M	-15.21M	-378.46K	0.00	10.00K	0.00
Income Before Tax	-5.98M	-6.56M	-5.02M	-10.02M	-13.62M	-13.33M	-10.21M	-47.89M	-16.81M	0.00	-160.00K	0.00
Income Before Tax Ratio	-9.10%	-10.10%	-7.63%	-16.69%	-25.08%	-33.12%	-48.20%	-255.40%	-1,190.28%	0.00%	0.00%	0.00%
Income Tax Expense	-36.77K	-1.22M	-1.99M	-236.01K	-5.00M	-2.81M	-2.97M	213.28K	119.73K	-38.34K	0.00	0.00
Net Income	-5.98M	-6.46M	-4.94M	-9.91M	-13.49M	-13.25M	-10.19M	-48.31M	-16.39M	-677.49K	-160.00K	0.00
Net Income Ratio	-9.10%	-9.94%	-7.50%	-16.50%	-24.84%	-32.94%	-48.06%	-257.66%	-1,160.36%	0.00%	0.00%	0.00%
EPS	-1.00	-1.60	-1.28	-5.04	-10.33	-20.74	-27.34	-169.68	-76.73	-11.78	-5.33	0.00
EPS Diluted	-1.00	-1.60	-1.28	-5.04	-10.33	-20.74	-27.34	-169.68	-76.73	-11.78	-5.33	0.00
Weighted Avg Shares Out	5.97M	4.04M	3.87M	1.97M	1.31M	639.11K	372.55K	284.70K	213.61K	57.50K	30.00K	30.00K
Weighted Avg Shares Out (Dil)	5.97M	4.04M	3.87M	1.97M	1.31M	639.11K	372.55K	284.70K	213.61K	57.50K	30.00K	30.00K

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