PLPM Planet Payment Inc featured news, full reports, and detailed charts
Planet Payment Inc (PLPM/PLPM.PK) Wrap Up:
Planet Payment, Inc. operates as a multi-currency payment and data processor. The company enables processors, acquiring banks, and their merchants to accept, process, and reconcile credit card transactions in multiple currencies; and allows cardholders to view prices and settle transactions in their home currency. It offers Pay in Your currency, a customer service feature, where a credit card purchase priced in the merchant's local currency is converted into the cardholder's home currency at the point-of-sale; Multi Currency Pricing, with which the cardholders can view merchant's pricing and pay in their home currency; and FX Assured that provides cardholders individualized exchange rate. It...Planet Payment Inc (PLPM:Pink OTC Markets Inc - Prime QX)
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Market Cap
906.1M
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Total Revenue
44.8M
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EBITDA
2.3M
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DILUTED EPS TTM
-0.18
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P/E
--
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P/S
4.4x
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Return On Asset
-21.42
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Return On Equity
110.17
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| K = Thousands M = Millions B = Billions | ||
PLPM Top Compensated Officers
Executives, Board Directors
Key developments for Planet Payment Inc (PLPM)
Planet Payment Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company's total revenue increased 20% to $10.9 million compared with total revenue of $9.1 million for the same period a year ago. Attained positive EBITDA of $0.1 million compared to the second quarter of 2008 loss of $2.3 million and first quarter of 2009 loss of $0.3 million. Net loss narrowed by 72% to $0.96 million compared with net loss of $3.4 million for the second quarter of 2008 and also narrowed by 30% to $0.96 million over the first quarter of 2009 of $1.4 million. The company's net loss was due to higher revenues and significant reduction in costs. For the six months, the company's total revenue increased 49% to $21.3 million compared with total revenue of $14.3 million for the same period a year ago. Adjusted EBITDA loss narrowed by 94% to $0.3 million compared with $4.3 million for the same period a year ago. Net loss was reduced by 63% to $2.3 million compared with net loss of $6.3 million for the same period a year ago.
Planet Payment Inc. announced earnings results for the first quarter ended March 31, 2009. Total revenue increased 100% to $10.3 million compared to $5.2 million in first quarter of 2008 as a result of the increase in multi-currency processing from new merchant deployments in all regions and the acquisition of the iPAY business. Adjusted EBITDA loss for the period decreased to $0.3 million, an 84% improvement from loss of $2.1 million for the first quarter of 2008. The company's higher revenues and significant reduction in costs as a percentage of revenues, led to a reduction in net loss of approximately 54% to $1.4 million compared to net loss of $2.9 million in the first quarter of 2008.
The Bancorp Bank and Planet Payment Inc. announced an agreement to provide Planet Payment's suite of products and services to Bancorp's merchants and third party servicers in the U.S. payments market. As part of the business arrangement, Bancorp will utilize Planet Payment's leading multi-currency processing platform to provide merchants with tools to increase their sales and operate their businesses more efficiently. The individual solutions that will be made available to Bancorp customers include: Multi-Currency Pricing; Pay in Your Currency(TM); and iPAY(R).
PLPM Competitors
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Industry Analysis
| Valuation | PLPM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.4x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 19.9x |
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PLPM transactions
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Target |
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Private Placement
October 30, 2009 |
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More Recent News About Planet Payment Inc
More news for PLPM
Planet Payment Reports Third Quarter 2009 Results
LONG BEACH, N.Y., Nov. 12 /PRNewswire-FirstCall/ -- Planet Payment, Inc. (UK: LSE:AIM: PPT and PPTR; USA: OTCQX: PLPM), a leading international payment and data processor, today announced its results for the three and nine month periods ended September 30, 2009. During the third quarter of 2009 the Company continued to deliver solid results in a challenging economic climate. For the second consecutive quarter, Planet Payment achieved positive Adjusted EBITDA of $0.2m for Q3:2009 (Q3:2008 loss $1.4m).Adjusted EBITDA for the nine month period ended 30 September 2009 ("YTD:2009") approached breakeven to ($0.04m), a dramatic improvement over YTD:2008($5.7m). (Adjusted EBITDA excludes depreciation and amortization, non-cash stock-related expense and other non-cash expenses, as more fully explained in the accompanying Management Discussion & Analysis.)Total revenue for YTD:2009 increased 35% to $33.0m compared to $24.4m for the same period in 2008 and for the third quarter 2009 increased 16% to $11.7m (Q3:2008: $10.2m). Gross profit YTD:2009 increased 50% to $11.6m (YTD:2008: $7.8m), and for the third quarter the increase was 29% to $4.1m (Q3:2008: $3.2m)On a GAAP basis, net loss for YTD:2009 was reduced by 65% to $3.1m (YTD:2008 loss: $8.9m), and net loss in the third quarter similarly decreased 69% to $0.8m (Q3:2008 loss: $2.6m) and also narrowed 16% over the prior quarter (Q2:2009 loss: $0.96m).The Company's results are significant given the macro-economic headwinds which the Company's acquiring customers and their merchants have faced over the last year. The Company's same store sales volume in the hospitality, retail and e-commerce sectors experienced significant declines in the early part of the year as compared to 2008. However, since August this trend has started to reverse direction so that same store sales ...Click here to read the whole Article (external link)
Integrated Card Exchange and Peoples Trust Payment Processing Solution for Canadian Market Fully Operational
NEW YORK and VANCOUVER, Oct. 28 /PRNewswire/ -- Integrated Card Exchange (ICE), an affiliate of CardWorks, Inc., and Peoples Trust, a leading provider of financial services in Canada, announced today that a comprehensive processing solution for the Canadian market, powered by Planet Payment (LSE: AIM: PPT and PPTR; OTCQX: PLPM), a leading multi-currency and data processor, is now live and fully operational. The turnkey solution provides Canadian merchants with a comprehensive suite of business-building tools designed to improve merchant efficiency and profitability. The solution includes full domestic processing support for Visa® and MasterCard® including chip and pin, American Express®, JCB, and Interac® debit card transactions. Additionally, merchants now have access to Planet Payment's Pay in Your Currency(TM) and Multi-Currency Pricing services, which are driving additional sales opportunities and improving profitability by enabling customers to view pricing and pay in their home currencies.Merchants have a range of card acceptance solutions available to them to use in support of the service. For brick-and-mortar merchants, Peoples Trust and ICE have selected Hypercom's Optimum T4200 series of terminals which allows merchants in the retail and restaurant sectors to accept the full range of payment types, in addition to the Pay in Your Currency service. E-Commerce and Mail Order / Telephone Order merchants have access to iPAY, Planet Payment's robust suite of payment acceptance and business management tools."The 'Pay in Your Currency' feature is a first for Canada and is helping drive increased efficiency by looking at transactions in a new way and will assist merchants in servicing their customers while increasing profitability," said Gerry Serratore Vice President of Marketing at Peoples Trust. "As a leading provi...Click here to read the whole Article (external link)
Planet Payment, Inc. Joins OTCQX
NEW YORK, NY--(MARKET WIRE)--Nov 19, 2008 -- Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that U.S.-based Planet Payment, Inc. (Other OTC:PLPM.PK - News) (OTCQX: PLPM), an international credit card payment and data processor that trades on the AIM market in London, has joined OTCQX. Beginning today, U.S. investors can find real-time quotes, disclosure and financial information about Planet Payment at www.otcqx.com and www.pinksheets.com under ticker PLPM.As part of listing on OTCQX, Planet Payment has increased the publication of its financial results from semiannual to quarterly, which conforms to investor expectations for disclosure by U.S. domiciled companies.U.S. issuers are required to provide quarterly reporting with an annual U.S. GAAP audit to join the OTCQX market tiers while non-U.S. issuers on International OTCQX tiers conform to the disclosure requirements of their home country exchange."We are delighted to welcome Planet Payment to OTCQX where U.S shareholders can now e...Click here to read the whole Article (external link)