Net Element, Inc. Cost of Revenue

Cost of Revenue of NETE for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).


Highlights and Quick Summary

  • Cost of Revenue for the quarter ending September 29, 2020 was $14.6 Million (a 26.21% increase compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue increased by 0.55%
  • Annual Cost of Revenue for 2019 was $54.7 Million (a -1.61% decrease from previous year)
  • Annual Cost of Revenue for 2018 was $55.6 Million (a 8.55% increase from previous year)
  • Annual Cost of Revenue for 2017 was $51.2 Million (a 12.1% increase from previous year)
  • Twelve month Cost of Revenue ending September 29, 2020 was $53.9 Million (a 0.9% increase compared to previous quarter)
  • Twelve month trailing Cost of Revenue decreased by -1.54% year-over-year
Trailing Cost of Revenue for the last four month:
29 Sep '20 29 Jun '20 30 Mar '20 30 Dec '19
$53.9 Million $53.4 Million $55.8 Million $54.7 Million
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Historical Cost of Revenue of Net Element, Inc.

Most recent Cost of Revenueof NETE including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Net Element, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $14.56 $11.54 $13.3
2019 $14.48 $14.08 $13.9 $12.26 $54.72
2018 $13.63 $14.56 $13.81 $13.62 $55.62
2017 $13.7 $12.76 $13.32 $11.46 $51.24
2016 $13.14 $11.7 $11.48 $9.39 $45.71
2015 $13.19 $10.71 $5.47 $4.61 $33.98
2014 $4.33 $4.72 $3.35 $3.53 $15.93
2013 $4.32 $4.65 $4.13 $0.28 $13.37
2012 $0.61 $0.03 $0.1 $0.1 $0.83
2011 $0.59 $0.6

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.