Net Element, Inc. Receivables

Receivables of NETE for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending March 30, 2021 was $10.4 Million (a 37.01% increase compared to previous quarter)
  • Year-over-year quarterly Receivables increased by 77.58%
  • Annual Receivables for 2020 was $7.59 Million (a 15.67% increase from previous year)
  • Annual Receivables for 2019 was $6.56 Million (a 4.3% increase from previous year)
  • Annual Receivables for 2018 was $6.29 Million (a 14.94% increase from previous year)
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Historical Receivables of Net Element, Inc.

Most recent Receivablesof NETE including historical data for past 10 years.

Interactive Chart of Receivables of Net Element, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $10.4
2020 $7.59 $5.89 $5.86 $4.02 $7.59
2019 $6.56 $5.55 $5.07 $5.13 $6.56
2018 $6.29 $4.97 $6.06 $5.13 $6.29
2017 $5.47 $4.45 $6.01 $6.73 $5.47
2016 $7.13 $5.87 $5.83 $4.42 $7.13
2015 $5.2 $4.54 $3.49 $3.28 $5.2
2014 $3.42 $3.96 $4.37 $6.49 $3.42
2013 $10.62 $9.72 $8.22 $11.91 $10.62
2012 $10.86 $10.86
2011 $0.01 $0.01

Business Profile of Net Element, Inc.

Sector: Technology
Industry: Software—Infrastructure
Net Element, Inc., a financial technology company, provides payment acceptance and value-added solutions across various channels 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 (POS) solutions, fraud management solutions, information solutions, and analytical tools. It provides integrated payment acceptance solutions, value-added POS, and business process management services under the Unified Payments name; transactional services, mobile payment transactions, online payment transactions, and other payment technologies under the PayOnline name; and Pay-Travel, an integrated payment processing solutions to the travel industry. The company's products and services also include Aptito POS Platform, an integrated POS platform for the hospitality, retail, service, and on the go industries; Restoactive, a POS and restaurant management platform; Unified m-POS, a mobile POS application to accept payments; Zero Pay, a zero-fee payment acceptance program for small business merchants (SMB); Netevia, a multi-channel payments and merchant management platform; and Netevia Mastercard, a payment processing platform for SMB. Net Element, Inc. offers its products and 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. is based in North Miami Beach, Florida.