Net Element, Inc. operates as a financial technology and value-added solutions company. It operates in two segments, North American Transaction Solutions, and International Transaction Solutions. The company offers a range of payment acceptance and processing services that enable merchants of various sizes to accept and process approximately 100 payment options, including credit, debit, prepaid, and alternative payments; and value-added services and technologies, such as integrated payment technologies, point-of-sale solutions (POS), security solutions, fraud management, information solutions, and analytical tools. Its services include Unified Payments, a payment acceptance solution; Unified m-POS, an easy-to-use mobile application for small and medium sized businesses (SMB); Aptito, a cloud-based POS platform for the hospitality industry and SMB merchants; Restoactive, a visual POS integration solution for restaurants; Zero Pay, a payment acceptance program for SMB merchants; PayOnline, an integrated e-commerce and mobile payments processing platform, and fraud management system; Pay?Travel, a payment processing solutions to the travel industry; Sales Central, a cloud-based solution to enhance responsiveness of indirect non-bank sales forces and sales efficiency; Netevia, which delivers end-to-end payment processing through easy-to-use APIs; and Digital Provider, an integrated direct-carrier and mobile operator solution for smaller content providers and merchants throughout selected international markets. It operates in North America, Russia, Europe, Asia, and the Commonwealth of Independent States. 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 based in North Miami Beach, Florida.
Industry, Sector and Symbol
Industry Data processing & preparation
Sub-IndustryN/A
SectorRetail/Wholesale
SymbolNASDAQ:NETE
CUSIPN/A
Phone305-507-8808
Debt
Debt-to-Equity Ratio0.43
Current Ratio1.30
Quick Ratio1.30
Price-To-Earnings
Trailing P/E Ratio-1.58
Forward P/E Ratio-4.78
P/E GrowthN/A
Sales & Book Value
Annual Sales$60.06 million
Price / Sales0.48
Cash FlowN/A
Price / CashN/A
Book Value$3.40 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)($5.04)
Net Income$-9,910,000.00
Net Margins-14.46%
Return on Equity-125.43%
Return on Assets-34.76%
Miscellaneous
Employees97
Outstanding Shares3,860,000
Net Element (NASDAQ:NETE) Frequently Asked Questions
What is Net Element's stock symbol?
Net Element trades on the NASDAQ under the ticker symbol "NETE."
When did Net Element's stock split? How did Net Element's stock split work?
Shares of Net Element reverse split before market open on Thursday, October 5th 2017. The 1-10 reverse split was announced on Wednesday, October 4th 2017. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, October 4th 2017. An investor that had 100 shares of Net Element stock prior to the reverse split would have 10 shares after the split.
How were Net Element's earnings last quarter?
Net Element Inc (NASDAQ:NETE) released its quarterly earnings results on Monday, May, 14th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.01. The business earned $15.98 million during the quarter, compared to analyst estimates of $14.20 million. Net Element had a negative net margin of 14.46% and a negative return on equity of 125.43%. View Net Element's Earnings History.
Who are some of Net Element's key competitors?
Some companies that are related to Net Element include Support.com (SPRT), Intersections (INTX), JMU Ltd- (JMU), Marin Software (MRIN), iPass (IPAS), Innodata (INOD), RESAAS Services (RSASF), Data Storage (DTST), Sphere 3D (ANY), Tintri (TNTR), Her Imports (HHER), Agent Information Software (AIFS), CrowdGather (CRWG) and ChinaCache International (CCIH).
Who are Net Element's key executives?
Net Element's management team includes the folowing people:
- Mr. Oleg Firer, CEO & Director (Age 41)
- Mr. Jonathan New, Chief Financial Officer (Age 58)
- Mr. Steven Wolberg, Chief Legal Officer & Sec. (Age 59)
- Mr. Andrey Krotov, Chief Technology Officer
- Mr. Vladimir Sadovskiy, Pres of Integrated Payments & Merchant Services
Has Net Element been receiving favorable news coverage?
Headlines about NETE stock have been trending somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Net Element earned a media sentiment score of 0.19 on Accern's scale. They also gave news stories about the company an impact score of 46.86 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Net Element's major shareholders?
Which major investors are buying Net Element stock?
How do I buy shares of Net Element?
Shares of NETE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Net Element's stock price today?
One share of NETE stock can currently be purchased for approximately $7.51.
How big of a company is Net Element?
Net Element has a market capitalization of $31.48 million and generates $60.06 million in revenue each year. The company earns $-9,910,000.00 in net income (profit) each year or ($5.04) on an earnings per share basis. Net Element employs 97 workers across the globe.
How can I contact Net Element?
Net Element's mailing address is 3363 NE 163RD STREET SUITE 705, NORTH MIAMI BEACH FL, 33160. The company can be reached via phone at 305-507-8808 or via email at [email protected]
MarketBeat Community Rating for Net Element (NETE)
MarketBeat's community ratings are surveys of what our community members think about Net Element and other stocks. Vote "Outperform" if you believe NETE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NETE will underperform the S&P 500 over the long term. You may vote once every thirty days.
