Green Dot Corporation, together with its subsidiaries, operates as a technology-centric, pro-consumer bank holding company that provides personal banking for the masses. It offers prepaid debit card products and prepaid card reloading services in the United States, as well as mobile banking services with its GoBank mobile bank account offering. The company’s products include Green Dot MasterCard, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift cards; and MoneyPak and swipe reload proprietary products, which enable cash loading and transfer services through its Green Dot Network. Its Green Dot Network enables consumers to use cash t...
3465 East Foothill Boulevard
Pasadena, CA 91107
Founded in 1999
Green Dot Corporation Presents at Credit Suisse 16th Annual Financial Services Forum, Feb-11-2015 11:00 AM
Feb 9 15
Green Dot Corporation Presents at Credit Suisse 16th Annual Financial Services Forum, Feb-11-2015 11:00 AM. Venue: Turnberry Isle Miami, Aventura, Florida, United States.
Green Dot Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Jan 29 15
Green Dot Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating revenues of $150,609,000 against $142,320,000 a year ago. Operating income was $270,000 against $464,000 a year ago. Income before income taxes was $882,000 against $1,413,000 a year ago. Net loss allocated to common stockholders was $784,000 or $0.02 per basic and diluted common shares against net income of $876,000 or $0.02 per basic and diluted common shares a year ago. Non-GAAP total operating revenue was $153,000,000 against $144,879,000 a year ago. Non-GAAP net income was $8,316,000 or $0.16 per diluted share against $8,330,000 or $0.18 per diluted share for the same period last year. Adjusted EBITDA was $25,822,000 against $17,605,000 for the same period last year.
For the full year, the company reported total operating revenues of $601,552,000 against $573,621,000 a year ago. Operating income was $58,989,000 against $49,132,000 a year ago. Income before income taxes was $68,906,000 against $52,500,000 a year ago. Net income allocated to common stockholders was $37,890,000 or $0.90 per diluted common shares against $28,680,000 or $1.24 per diluted common shares a year ago. Net cash provided by operating activities was $52,477,000 against $121,344,000 for the same period last year. Payments for acquisition of property and equipment were $30,727,000 against $35,742,000 for the same period last year. Non-GAAP total operating revenue was $610,484,000 against $582,343,000 a year ago. Non-GAAP net income was $63,927,000 or $1.35 per diluted share against $51,407,000 or $1.15 per diluted share for the same period last year. Adjusted EBITDA was $131,913,000 against $103,016,000 for the same period last year.
For the year 2015, the company expected non-GAAP total operating revenues to be between $720 million and $780 million, representing a projected growth range of 18% to 28% over 2014 and reflecting Green Dot’s estimates for the potential impact of the discontinuation of the MoneyPak PIN product. Adjusted EBITDA is forecast to be between $150 million and $170 million, representing a projected growth rate range of 14% to 29% over 2014.