Higher One Holdings, Inc. provides technology-based refund disbursement, payment processing, and data analytics services to higher education institutions and their students in the United States. It provides Refund Management disbursement services, such as Refund Management ID, which offers debit cards with institutions ID cards; Campus Payroll to distribute payroll and other employee-related payments; and PLUS Loan Refund Management to distribute Parent PLUS loan refunds to parents on behalf of the institution. The company also offers CASHNet payment processing suite of products, such as ePayment to accept online payments; eBill to automate payer billing and processing functions; Tuition Pay...
115 Munson Street
New Haven, CT 06511
Founded in 2000
Higher One Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 6 15
Higher One Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $45,589,000 against $36,727,000 a year ago. Loss from operations was $447,000 against $6,865,000 a year ago. Net loss before income taxes was $476,000 against $5,942,000 a year ago. Net income available to common stockholders was $3,000 or $0.00 per diluted share against loss of $3,771,000 or $0.08 per diluted and basic share a year ago. Non-GAAP adjusted EBITDA was $8.0 million in the second quarter of 2015, compared to $7.2 million in the second quarter of 2014. Non-GAAP adjusted net income was $2.2 million for the second quarter of 2015, compared to $2.5 million for the second quarter of 2014. Non-GAAP adjusted diluted EPS was $0.05 for the second quarter of 2015, compared to $0.05 for the second quarter of 2014. The net loss recorded in the second quarter of 2014 reflects an allowance for potential customer restitution of $8.75 million.
For the six months, the company reported revenue of $111,107,000 against $103,283,000 a year ago. Income from operations was $12,364,000 against $9,720,000 a year ago. Net income before income taxes was $11,052,000 against $9,917,000 a year ago. Net income available to common stockholders was $6,863,000 or $0.14 per diluted share against $5,939,000 or $0.12 per diluted share a year ago. Additions to internal use software were $2,754,000 against $966,000 a year ago. Net cash provided by operating activities was $19,660,000 against $8,223,000 a year ago. EBITDA was $24,510,000 against $20,366,000 a year ago. Adjusted EBITDA was $28,267,000 against $29,860,000 a year ago. Adjusted net income was $12,029,000 against $14,705,000 a year ago. Adjusted diluted net income per share was $0.25 against $0.31 a year ago. Additions to internal use software was at $2,541,000 against $2,754,000 reported last year.
The Coalition for College Cost Savings Continues Partnership with Higher One to Make CASHNet® Payment Solutions Available to Almost 900 Private U.S. Colleges
Jul 7 15
The Coalition for College Cost Savings announced a renewed partnership with Higher One. Higher One will continue to provide its full suite of CASHNet Payment Solutions to The Coalition’s Higher Education Member Organizations and their member colleges and universities. Higher One’s CASHNet Payment Solutions provides students and their families the ability to pay any type of charge or fee online, anytime, through a credit card, ACH, debit card or foreign currency. Higher One also assists colleges in offering tuition payment plan services that help students and their families manage the growing costs of higher education. CASHNet Payment Solutions includes automated bill presentment and processing, secure online payments, a one-stop electronic payment processing solution for credit card transactions, in-person and mobile payments, customized payment plans, and online storefronts.
Higher One Holdings, Inc. to Report Q2, 2015 Results on Aug 06, 2015
Jul 6 15
Higher One Holdings, Inc. announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Aug 06, 2015