Net Element, Inc. Gross Margin

Gross Margin of NETE for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending September 29, 2020 was 12.99% (a -18.3% decrease compared to previous quarter)
  • Year-over-year quarterly Gross Margin decreased by -0.08%
  • Annual Gross Margin for 2019 was 15.81% (a 2.26% increase from previous year)
  • Annual Gross Margin for 2018 was 15.46% (a 5.17% increase from previous year)
  • Annual Gross Margin for 2017 was 14.7% (a -6.96% decrease from previous year)
  • Twelve month Gross Margin ending September 29, 2020 was 14.4% (a -5.76% decrease compared to previous quarter)
  • Twelve month trailing Gross Margin decreased by -8.92% year-over-year
Trailing Gross Margin for the last four month:
29 Sep '20 29 Jun '20 30 Mar '20 30 Dec '19
14.4% 15.28% 15.25% 15.81%
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Historical Gross Margin of Net Element, Inc.

Most recent Gross Marginof NETE including historical data for past 10 years.

Interactive Chart of Gross Margin of Net Element, Inc.

Net Element, Inc. Gross Margin for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 12.99% 15.9% 16.04%
2019 13.0% 16.29% 15.68% 18.52% 15.81%
2018 15.36% 15.56% 16.1% 14.79% 15.46%
2017 11.37% 14.39% 17.49% 15.5% 14.7%
2016 14.23% 16.52% 16.13% 16.66% 15.8%
2015 12.72% 15.54% 20.84% 16.72% 15.55%
2014 20.53% 21.72% 31.9% 27.15% 25.01%
2013 24.93% 28.75% 26.28% 68.26% 28.67%
2012 45.04% 84.3% -164.81% -34.49% 39.85%
2011 -227.78% -225.55%

Business Profile of Net Element, Inc.

Sector: Technology
Industry: Software—Infrastructure
Net Element, Inc. operates as a financial technology and value-added solutions company in North America, Russia, and the Commonwealth of Independent States. It operates in two segments, North American Transaction Solutions and International Transaction Solutions. The company offers a range of payment acceptance and transaction 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), fraud management solutions, information solutions, and analytical tools. Its services include Unified Payments that provides integrated payment acceptance solutions, value-added POS, and business process management services; Unified m-POS, a mobile POS application that accepts payments; Aptito POS Platform, an integrated POS platform for the hospitality, retail, service, and on the go industries; Restoactive, a POS restaurant management platform; Zero Pay, a zero-fee payment acceptance program for SMB merchants; transactional services, mobile payment transactions, online payment transactions, and other payment technologies under the PayOnline name; Pay-Travel, an integrated payment processing solutions to the travel industry; and Netevia, a multi-channel payments and merchant management platform that delivers end-to-end payment processing through easy-to-use APIs. Net Element, Inc. offers its services through retail and mobile merchants, as well as online. 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.