August 20, 2017 9:42 PM ET

IT Services

Company Overview of Square, Inc.

Company Overview

Square, Inc. develops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide. It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud-based reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs. The company also offers in-perso...

1455 Market Street

Suite 600

San Francisco, CA 94103

United States

Founded in 2009

1,853 Employees

Phone:

415-375-3176

Key Executives for Square, Inc.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 40
Total Annual Compensation: $1.5K
Chief Financial Officer
Age: 44
Total Annual Compensation: $250.0K
General Counsel and Corporate Secretary
Age: 50
Total Annual Compensation: $126.7K
Seller Lead
Age: 47
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2016.

Square, Inc. Key Developments

Square, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Third Quarter and Full Year of 2017

Square, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total net revenue of $551,505,000 against $438,533,000 a year ago. Operating loss was $12,224,000 against $27,360,000 a year ago. Loss before income tax was $15,490,000 against $27,033,000 a year ago. Net loss was $15,962,000 or $0.04 per basic and diluted share against $27,345,000 or $0.08 per basic and diluted share a year ago. Adjusted EBITDA was $36,496,000 against $12,554,000 a year ago. Adjusted revenue was $240,413,000 against $170,809,000 a year ago. For the year, the company reported total net revenue of $1,013,059,000 against $817,802,000 a year ago. Operating loss was $26,306,000 against $124,493,000 a year ago. Loss before income tax was $30,071,000 against $123,449,000 a year ago. Net loss was $31,052,000 or $0.08 per basic and diluted share against $124,100,000 or $0.37 per basic and diluted share a year ago. Net cash from operating activities was $90,590,000 against cash used in operating activities of $32,538,000 a year ago. Purchase of property and equipment was $13,883,000 against $15,840,000 a year ago. Adjusted EBITDA was $63,521,000 against $3,471,000 a year ago. Adjusted revenue was $444,189,000 against $316,964,000 a year ago. For third quarter, the company expects total net revenue to be in the range of $562 million to $568 million, adjusted revenue to be in the range of $238 million to $241 million, adjusted EBITDA to be in the range of $27 million to $30 million, net loss per share to be in the range of $0.07 to $0.06 and adjusted EPS (diluted) to be in the range of $0.04 to $0.05, For the year 2017, the company expects total net revenue to be in the range of $2.14 billion to $2.16 billion, adjusted revenue to be in the range of $925 million to $935 million, adjusted EBITDA to be in the range of $120 million to $128 million, net loss per share to be in the range of $0.21 to $0.19 and adjusted EPS (diluted) to be in the range of $0.21 to $0.23.

Square, Inc. Appoints Randy Garutti to the Board as A Class III Director and as Member of the Nominating and Corporate Governance Committee

On July 19, 2017, the board of directors of Square, Inc. increased the size of the board to nine directors and appointed Randy Garutti to the Board as a Class III director and as a member of the Nominating and Corporate Governance Committee. Mr. Garutti has served as Chief Executive Officer and on the board of directors of Shake Shack since April 2012. Prior to becoming Chief Executive Officer, Mr. Garutti served as Chief Operating Officer of Shake Shack since January 2010.

Square, Inc. to Report Q2, 2017 Results on Aug 02, 2017

Square, Inc. announced that they will report Q2, 2017 results After-Market on Aug 02, 2017

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