Green Dot Corporation, a financial services company, together with its subsidiaries, provides money management solutions in the United States. It offers general purpose reloadable prepaid debit cards, and cash loading and transfer services. The company’s products include Green Dot MasterCard, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift cards; and MoneyPak and swipe reload proprietary products that enable cash loading and transfer services through its Green Dot Network. Its Green Dot Network enables consumers to use cash to reload its prepaid debit cards or to transfer cash to any of the company’s Green Dot Network acceptance me...
3465 East Foothill Boulevard
Pasadena, CA 91107
Founded in 1999
Green Dot Corporation Presents at JPMorgan Chase & Co.'s 41st Annual Global Technology, Media and Telecom Conference, May-15-2013 01:30 PM
May 3 13
Green Dot Corporation Presents at JPMorgan Chase & Co.'s 41st Annual Global Technology, Media and Telecom Conference, May-15-2013 01:30 PM. Venue: Stone Conference Room, Westin Boston Waterfront Hotel, 425 Summer Street, Boston, MA 02210, United States. Speakers: Steven W. Streit, Founder, Chairman, Chief Executive Officer and President.
Green Dot Corporation Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2013; Updates Earnings Guidance for the Year 2013
Apr 30 13
Green Dot Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported total operating revenues of $154,149,000 against $141,181,000 a year ago. Operating income was $23,339,000 against $25,638,000 a year ago. Income before income taxes was $24,141,000 against $26,573,000 a year ago. Net income allocated to common stockholders was $13,093,000 or $0.35 per diluted common A and B shares against $13,718,000 or $0.37 per diluted common A and B shares a year ago. Net cash provided by operating activities was $24,502,000 against $37,263,000 for the same period last year. Payments for acquisition of property and equipment were $8,886,000 against $7,833,000 for the same period last year. Non-GAAP total operating revenue was $155,758,000 against $144,371,000 a year ago. Non-GAAP net income was $18,491,000 or $0.42 per diluted share against $20,482,000 or $0.46 per diluted share for the same period last year. Adjusted EBITDA was $34,192,000 against $35,968,000 for the same period last year. The company posted year-over-year growth in non-GAAP revenue of 8%, achieving highest-ever quarter in terms of non-GAAP revenue at $156 million. The adjusted EBITDA margin of 22% was the highest in any quarter since the company acquired Loopt.
The company updated earnings guidance for the year 2013, the company now expects full year non-GAAP total operating revenues to be in the range of $525 million to $550 million. The company's guidance for full year adjusted EBITDA and non-GAAP EPS is unchanged. The company continues to expect adjusted EBITDA to be between $85 million and $100 million for the full year, and full-year non-GAAP diluted EPS to be between $0.95 and $1.20. Adjusted EBITDA margin of 15% to 19%. Net income of $31 million to $42 million. Diluted earnings per share GAAP to be $0.70 to $0.95. Non-GAAP net income of $42 million to $53 million. Total operating revenues of $518 million to $543 million.
Green Dot Corporation Presents at JMP 12th Annual Research Conference, May-13-2013 04:00 PM
Apr 17 13
Green Dot Corporation Presents at JMP 12th Annual Research Conference, May-13-2013 04:00 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.