Last $1.21 USD
Change Today +0.01 / 0.83%
Volume 87.7K
NETE On Other Exchanges
Symbol
Exchange
NASDAQ CM
Stuttgart
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

net element inc (NETE) Snapshot

Open
$1.22
Previous Close
$1.20
Day High
$1.30
Day Low
$1.21
52 Week High
09/12/14 - $5.75
52 Week Low
07/18/14 - $0.88
Market Cap
55.2M
Average Volume 10 Days
304.3K
EPS TTM
$-1.01
Shares Outstanding
45.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NET ELEMENT INC (NETE)

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net element inc (NETE) Details

Net Element, Inc., a technology company, specializes in mobile commerce and payment processing for electronic commerce in the United States, Russia, and the Commonwealth of Independent States. It operates in one segment, Transactional Processing and Mobile Payment Solutions. The company provides technology and services that businesses require to accept cashless transactions for the SME business under the Unified Payments brand. It processes cashless transactions for card-present or card-not-present transactions, including point-of-sale, mobile POS, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, as well as checks and direct debits. The company also provides Aptito, a mPOS and value-added services technology, which helps restaurants drive consumer engagement through tablet, mobile, and other cloud-connected devices. Aptito provides hospitality merchants with tools to increase sales, productivity, and customer loyalty. In addition, it offers carrier-integrated mobile payments solutions, including in-app, premium SMS, online, and carrier billing. Further, the company provides engineering services to its payment processing and mobile payment solutions business. Net Element, Inc., together with its subsidiaries, enables ecommerce and content-management companies to monetize their assets in ecommerce and mobile commerce environments. The company was formerly known as Net Element International, Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is headquartered in North Miami Beach, Florida.

33 Employees
Last Reported Date: 04/15/14
Founded in 2004

net element inc (NETE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $382.6K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $360.7K
Chief Legal Officer, Secretary and Director
Total Annual Compensation: $114.3K
Compensation as of Fiscal Year 2013.

net element inc (NETE) Key Developments

Net Element, Inc. Approves Amendment to Amended and Restated Certificate of Incorporation

Net Element, Inc. announced that the annual meeting held on December 9, 2014, approved an amendment to the company's Amended and Restated Certificate of Incorporation to increase authorized common stock to 200 million shares.

Net Element, Inc. Selects Daszkal Bolton LLP as Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2014

Net Element, Inc. announced that the annual meeting held on December 9, 2014, approved the selection of Daszkal Bolton LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2014.

Net Element, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter Ended September 30, 2014

Net Element, Inc. reported unaudited consolidated financial results for the third quarter ended September 30, 2014. For the quarter, the adjusted loss from continuing operations was $2,225,498 or a loss of $0.05 per share as compared to an adjusted loss from continuing operations of $3,366,475 or a loss of $0.11 per share for the three months ended September 30, 2013. Net revenues were $6,026,961, as compared to $6,520,788 for the year ago quarter. The decrease in net revenues is substantially due to reduced Russian mobile payment processing revenues as Net Element restructured this business with new management and its own proprietary billing system to position it for future growth. Loss from operations was $6.04 million compared to $2.39 million a year ago. Loss from continuing operations before income taxes was $9.07 million compared to $3.44 million a year ago. Loss from continuing operations was $9.07 million compared to $3.44 million a year ago. Loss from continuing operations attributable to the company was $9.06 million or $0.23 per basic and diluted share compared to $3.18 million or $0.11 per basic and diluted share a year ago. Net loss was $9.06 million or $0.23 per basic and diluted share compared to $3.87 million or $0.13 per basic and diluted share a year ago. For the nine months, the adjusted loss from continuing operations was $3,770,945, or a loss of $0.08 per share, as compared to an adjusted loss from continuing operations of $15,406,137, or a loss of $0.51 per share, for the nine months ended September 30, 2013. Net revenues were $15,782,475 as compared to $12,966,538 for the comparable nine months of 2013. The increase in net revenues is primarily due to nine months of activity in 2014 as compared to five and one-half months of activity in 2013 for TOT Payments processing fees. This increase was offset by $1,561,151 of revenue from Net Element's former First Data Portfolio for the nine months ended September 30, 2013, which did not repeat during the nine months ended September 30, 2014. Loss from operations was $8.63 million compared to $24.62 million a year ago. Loss from continuing operations before income taxes was $11.36 million compared to $26.83 million a year ago. Loss from continuing operations was $11.36 million compared to $26.83 million a year ago. Loss from continuing operations attributable to the company was $11.30 million or $0.27 per basic and diluted share compared to $25.995 million or $0.92 per basic and diluted share a year ago. Net loss was $11.30 million or $0.27 per basic and diluted share compared to $27.34 million or $0.97 per basic and diluted share a year ago. Net cash provided by operating activities was $2.96 million compared to $6.37 million a year ago.

 

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NETE

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Valuation NETE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 7.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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