Square 3Q/15
Square reported total revenue of $892.8 million for the nine month period ending with the close of the third quarter (3Q/15), a 49% year-on-year (YOY) increase over the same period in 2014.
FNDS3000 Cards Issued Up 52%, Loads $13mm
FNDS3000 international prepaid processing posted its fiscal 1Q/11, with revenue totaled up from $78,000 to $365,000. These positive results are thanks in part to the number of prepaid cards issued and activated having increased to approximately 35,600- up 52% from the 23,400 active cards issued as of August 31, 2010- to which more than $13million was loaded. Throughout the quarter, FNDS3000 implemented several strategic reorganizational initiatives to streamline senior management; reduce corporate overhead; strengthen its South African business operations; and signed a $2.5 million, non-brokered equity financing agreement that will be closed in four tranches over a nine-month period. Net loss totaled $1,054,000 for a 7.5% decrease from $1,140,000.
FNDS3000 Posts Revenue Up a Staggering 444% Y/Y
FNDS3000 Corp international prepaid processing company posted its performance for the fiscal year ended August 31, 2010, during which revenue skyrocketed 444% from $88,981 to $484,119. Meanwhile, gross profit margin on sales improved from 24% to 39% while net loss totaled $4,527,840 compared to a net loss of $5,677,725 in the year ago period. Moreover, cash and accounts receivable stood at $399,933; total assets were $1,869,089; total current liabilities were $490,058; there was no long-term debt; and stockholders’ equity was $1,379,031. Also, the number of prepaid cards issued and activated increased from 2,200 Market Test cards as of the end August 2009 to approximately 23,700; the number of Board members has been reduced from nine to five; and the Company freed up of approximately $1 million in cash and working capital through corporate staff reductions and related corporate cost-cutting programs.
Cardtronics Posts 3Q/10 Revenue Up 6% Y/Y
Cardtronics non-bank owner of ATM has posted 3Q/10 revenues of $136.6 million . The 3Q/10 revenue reflected a 6% increase from the year ago period revenue of $128.6 million and is up from the $132.9 million last quarter. Meanwhile, adjusted EBITDA was $34.9 million, up 8% from the year ago period; GAAP net income was $17.4 million, compared to the year ago figure of $6.4 million; and the Company’s managed services business added 882 ATMs. This is thanks in large part to total transactions having increased over 8%; total transactions per ATM having increased by 7%; and ATM operating gross profit per ATM having increased 7%. These results were subsequent to such developments as a new bank branding agreement with Scotiabank, to which Cardtronics will provide over 200 surcharge-free ATM access throughout Puerto Rico; having extended its Allpoint Network by more than 5,000 locations, to over 40,000 ATMs, into Australia through a partnership with Customers Limited; and having completed a series of financing transactions with the execution of a new $175.0 million bank credit facility and the redemption of $200.0 million, 9.25% senior subordinated notes.
CARDTRONICS REVENUE
2Q/08: $127.0 million
3Q/08: $127.2 million
4Q/08: $118.2 million
1Q/09: $115.3 million
2Q/09: $124.6 million
3Q/09: $128.6 million
4Q/09: $124.8 million
1Q/10: $127.8 million
2Q/10: $132.9 million
3Q/10: $136.6 million
Source: CardData
(www.carddata.com)
Heartland Payment Posts Record $499mm Revenue
Heartland Payment Systems payments processing announced 3Q/10 systems revenues of $499 million and a net income of $7.5 million. SME card processing volume was a record $16.6 billion, up 5.9% on the year ago period; net revenues posted $115.4 million and the Network Services processed 825 million transactions- both quarterly records. Moreover, operating income as a percentage of net revenues was 12.3% in the third quarter of 2010, down from the year ago period thanks to net revenues rising slower than processing and servicing costs, which were actually marginally lower than in 2Q/10 on an absolute basis. Overall, small and mid-sized merchant (SME) quarterly transaction processing volume was $16.6 billion, up 5.9% from the year ago period; net revenue was $115.4 million, up 4.9% from the year ago period; and same store sales rose for the second consecutive quarter 2.0% from the year ago period.
HEARTLAND REVENUES
1Q/09: $372 million
2Q/09: $417 million
3Q/09: $443 million
4Q/09: $420 million
1Q/10: $411 million
2Q/10: $420 million
3Q/10: $499 million
Source: CardData (http://www.carddata.com)
International Growth Boosts MasterCard Revenue
MasterCard announced financial results for 3Q/10 with a net income of $518 million, compared with the last quarter figure of $458 million, a net revenue of $1.4 billion, flat compared to last quarter. This was thanks in great part to an increase in cross-border volumes of 15.4%, compared with the 15.2% increase seen in the last quarter, and an 8.5% increase in GDV on a local currency basis to $685 billion, compared with 8.5% to $656 billion in 2Q/10. Meanwhile, year-over-year, worldwide purchase volume during the quarter was up 7.9% to $514 billion; the number of processed transactions was up 0.6%; total operating expenses decreased 4.1% to $662 million thanks to a 6.7% reduction in general and administrative expenses; and the operating margin was up 4.2% to 53.6%.
2Q/10 NET REVENUES ($ billions)
2Q/08: $1.24
3Q/08: $1.34
4Q/08: $1.23
1Q/09: $1.16
2Q/09: $1.28
3Q/09: $1.36
4Q/09: $1.30
1Q/10: $1.30
2Q/10: $1.40
3Q/10: $1.40
Source: CardData (www.carddata.com)
50% of Young Consumers Financially Stressed
The number of consumers feeling the pinch when it comes to their personal finances rose for the sixth consecutive month to a nine-month peak in September to 49%, compared to just 43% in April. This, according to the Discover U.S. “Spending Monitor,” most showed the decline in economic confidence was most prevalent among younger consumers, ages 18-39, wherein a full 50% of consumers expressed financial concern for a 4-point increase over last month while 47% said their finances were getting worse, a 3-point increase over the previous month. Overall, the “Spending Monitor” dropped just 0.5 points to 85.7. This is compiled from findings showing 57% of consumers rate the economy as poor, unchanged from August; 51% felt economic conditions were getting worse, 1 point higher month-over-month; 20% plan to spend more in the next 30 days, 1 point higher than last month; 48% plan to spend less on going out to dinner or the movies, unchanged from August; 50% plan to spend less on home improvements, 2 points higher than August and the highest since January; and 48% plan to spend less on a vacation or gym membership, 3 points higher than July.
Acxiom Marketing Reports 3Q Revenue of $29.9mm
Arkansas-based interactive marketers Acxiom Corporation reports income
from operations of $29.9 million in the current-year third
quarter. Income from operations of $29.9 million in the current-year third
quarter, compared to loss from operations of $8.6 million in the third
quarter last year. The prior-year loss from operations included $43.2
million in unusual loss items. Before the effect of the unusual loss
items income from operations for the prior-year third quarter would have
been $34.6 million.Revenue of $283.8 million in the current quarter,
compared to $301.0
million, excluding an Information Products pass-through contract
(approximately $20.1 million), in the third quarter a year ago. GAAP
revenue, including the pass-through revenue in the prior quarter, was
$321.1 million. This contract was modified in the fourth quarter of
fiscal 2009, and the company no longer recognizes pass-through revenue
from this contract.
Consumer Confidence Sags as the New Year Starts
A monthly tracking poll reveals consumers showed little
improvement in economic confidence in December and they grew slightly
more pessimistic about their finances. Despite concern over the economy
and their finances, consumers did not cut back on holiday spending as
much as they anticipated, a welcome sign for retailers. The Discover
“U.S. Spending Monitor” dropped 3.3 points in December to 83.0,
primarily driven by a big decrease in post- holiday spending intentions
from consumers. The Monitorâs findings were reflected in the National
Retail Federationâs report showing an increase in holiday sales from
last year. A majority of consumers also plan to cut discretionary
spending in all categories surveyed by the “Monitor,” a trend that
hasnât changed since September. There was a 2-point increase to 10% in
the number of consumers planning to save and invest more. A big driver
in the increase in holiday sales may have come from middle-income
consumers ($40k-$75k). Heading into Christmas, only 6% of middle-income
consumers planned on spending more on holiday gifts. But after
Christmas, 18% said they actually spent more, a 12-point increase.
Weak ATM Business Drags Diebold Revenue Down
Diebold reported third quarter income of $24.5 million, down 49% from
the third quarter of 2008. Third quarter revenue was $645.2 million,
down 26% from 3Q/08. The results were impacted by currency exchange
rates and the Company’s weak ATM business. Total product and services
orders for financial self-service and security were down
in the low 20% range compared to the prior-year period. Global financial
self-service orders (ATMs) also decreased in the low 20% range. Orders
in Asia Pacific decreased in the low double digits. In the Americas,
financial self-service orders decreased in the high teens. Orders in
the EMEA region decreased more than 40%. For complete details on
Diebold’s third quarter performance visit CardData (www.carddata.com).
Coin Counting Pumps Coinstar’s Q3 Results
Coinstar posted a 45.5% jump in third quarter revenue to $296.0
million. Net income for the quarter was $41.4 million, compared with net
income of $4.5 million in the third quarter of 2008. DVD rentals and the
coin-counting businesses drove the quarter. During the third quarter
Coinstar announced the closing of the sale of its entertainment services
business to CO-based National Entertainment Network; signed a deal with
nFinanSe to distribute reloadable cards for the “Pay as You Go”
Solution; inked a contract with Stored Value Solutions to provide
MasterCard prepaid gift cards to Coinstar E-Payment Services; and Rixty
launched its new cash-based payment system via Coinstar kiosks. The
Company also announced that CFO John Harvey has resigned, effective
November 9th. For complete details on Coinstar’s latest performance
visit CardData (www.carddata.com). (CF Library 7/8/09; 8/13/09; 9/3/09;
9/10/09; 10/2/09)
Heartland Payment Systems’ Q3 Revenue Edges Up 4%
Heartland Payment Systems reported third quarter revenue was up 4.2% to
$442.6 million. Net revenue from Small and Mid-Sized Merchant (SME) card
processing and Network Services were both up in the third quarter. SME
transaction processing volume of $15.8 billion, was up 1.1% from a year
ago. However, due to a decrease in revenues from equipment-related
businesses, net revenues of $110.0 million for the quarter was down
marginally. Network Services transactions processed totaled 757 million
in the quarter compared to 771 million in the same quarter of 2008. Same
store sales in the SME segment were down 8.6% in the quarter, but HPY
says performance in September was the best in nearly a year. Overall,
the processor had a GAAP net loss of $13.6 million. About $36 million
(pre-tax) in expenses was attributable to the prior processing system
intrusion, including charges related to settlement offers made by the
Company. For the full year 2009, HPY expects net revenue (total revenues
less interchange, dues and assessments) to grow in the area of 10%, to
between $420 and $425 million. For complete details on Heartland’s third
quarter performance visit CardData (www.carddata.com).
HEARTLAND PAYMENT SYSTEMS REVENUES
3Q/08: $425 million
4Q/08: $386 million
1Q/09: $372 million
2Q/09: $417 million
3Q/09: $443 million
Source: CardData (http://www.carddata.com)