Last $1.20 USD
Change Today 0.00 / 0.00%
Volume 5.4K
CAFN On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

cachet financial solutions i (CAFN) Snapshot

Open
$1.34
Previous Close
$1.20
Day High
$1.34
Day Low
$1.20
52 Week High
07/10/14 - $1.75
52 Week Low
11/18/14 - $0.70
Market Cap
20.4M
Average Volume 10 Days
32.4K
EPS TTM
--
Shares Outstanding
17.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CACHET FINANCIAL SOLUTIONS I (CAFN)

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cachet financial solutions i (CAFN) Details

Cachet Financial Solutions Inc. provides remote deposit capture (RDC) solutions to financial institutions and their customers in the United States, Canada, and Latin America. RDC is a service that allows a business or consumer to scan checks and transmit the scanned images to a financial institution for posting and clearing or cashing and loading remotely to a pre-paid debit card. The company offers RDC Select, a hosted platform for institutions to manage their own RDC operations. It also provides RDC Select Mobile product, which allows the users to take a picture of the front and back of the check and deposit at their financial institution remotely. Cachet Financial Solutions Inc. serves banks, credit unions, card issuers, check cashers, and payday lenders. The company is headquartered in Minneapolis, Minnesota.

50 Employees
Last Reported Date: 07/10/14

cachet financial solutions i (CAFN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $248.0K
Chief Technology Officer
Total Annual Compensation: $175.0K
Chief Marketing Officer
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2013.

cachet financial solutions i (CAFN) Key Developments

Cachet Financial Solutions, Inc. Presents at LD Micro Conference, Dec-04-2014 10:00 AM

Cachet Financial Solutions, Inc. Presents at LD Micro Conference, Dec-04-2014 10:00 AM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California, United States.

Cachet Financial Solutions, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Cachet Financial Solutions, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $855,631 against $303,533 a year ago. Operating loss was $2,326,563 against $1,949,099 a year ago. Net loss attributable to shareholders was $5,158,752 or $0.33 per diluted share against $2,296,993 or $0.56 per diluted share a year ago. Adjusted EBITDA was $1,997,057 against $1,778,275 a year ago. For the nine months, the company reported revenue of $1,941,030 against $774,267 a year ago. Operating loss was $6,935,640 against $6,427,115 a year ago. Net loss was $12,277,437 or $1.30 per diluted share against $11,225,224 or $3.14 per diluted share a year ago. Adjusted EBITDA was $6,227,638 against $5,547,065 a year ago.

Cachet Financial Solutions, Inc. Launches Enhanced Select Business Solution

Cachet Financial Solutions, Inc. will be launching their enhanced Select Business(TM) merchant capture solution at BAI Retail Delivery 2014 being held November 12-14 at the McCormick Place West Building in Chicago. Enhanced Select Business, a cloud-based software solution, enables banks and credit unions to offer their business customers the convenience of remote deposit capture, regardless of platform--P.C., Mac or mobile. Businesses can now electronically deposit checks using their smartphones or tablets, in addition to their office desktop scanners, allowing them to better manage their businesses on the road. Remote users can access all the same functionality of an advanced merchant RDC system via their tablets or smartphones, including capturing multiple checks in a single mobile deposit. In addition to seamless integration across multiple channels and improved speed, additional key enhancements to Cachet's Select Business RDC solution include, unique API-driven business platform that enables integration with current treasury system and a single client portal; streamlined workflow that simplifies merchant on-boarding and user set-up across platforms; intuitive and user-friendly interface that allows easy navigation between deposits, reports and activities; enhanced mobile deposit functionality with multi-check and video deposit capabilities for faster, easier and more accurate deposits; and more comprehensive audit reporting capabilities that enable financial institutions to more easily meet new compliance requirements.

 

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Valuation CAFN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 6.7x
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