Last $2.78 USD
Change Today +0.11 / 4.12%
Volume 8.4K
JTPY On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

jetpay corp (JTPY) Snapshot

Open
$2.71
Previous Close
$2.67
Day High
$2.78
Day Low
$2.69
52 Week High
09/10/14 - $2.88
52 Week Low
09/29/14 - $1.42
Market Cap
32.1M
Average Volume 10 Days
4.4K
EPS TTM
$-0.66
Shares Outstanding
11.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for JETPAY CORP (JTPY)

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jetpay corp (JTPY) Details

JetPay Corporation provides payment services–debit and credit card processing, payroll, and card services to businesses and their employees in the United States. It operates through two segments, Payment Processing and Payroll Processing. The company offers debit and credit processing and ACH payment services to small and medium-sized businesses, as well as large entities who process Internet transactions and recurring billings; payroll, tax filing, and related services to small and medium-sized employers. It also transaction processing services, such as end-to-end encryption and tokenization; high speed network and authorization; batch processing; gift cards; fraud protection; and Website or payment application services. In addition, JetPay Corporation operates JetPay Card Services, which is focuses on providing low-cost money management and payment services to individuals, including un-banked and under-banked employees of its business customers through MAC Money Access VISA prepaid card. The company was formerly known as Universal Business Payment Solutions Acquisition Corporation and changed its name to JetPay Corporation in August 2013. JetPay Corporation is based in Berwyn, Pennsylvania.

149 Employees
Last Reported Date: 03/31/14

jetpay corp (JTPY) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $300.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $226.5K
Vice Chairman, Chief Marketing Officer and Se...
Total Annual Compensation: $243.7K
Compensation as of Fiscal Year 2013.

jetpay corp (JTPY) Key Developments

JetPay Corporation Appoints Pierre (Pete) J. DuPré as Chief Information Officer

JetPay Corporation announced the hiring of Pierre (Pete) J. DuPré as Chief Information Officer of the company. Mr. DuPré will be leading the company's efforts to expand product offering and as well as add new functionalities to current products and services. Mr. DuPré brings to JetPay a 30 year career in IT, software engineering and product development. Pete's most recent positions were with Amazon Web Services Inc. where he served as a Technology Transformation Advisor, and Vantiv Inc.

JetPay Corporation Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

JetPay Corporation announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported processing revenues of $7,735,000, operating loss of $763,000, loss before income taxes of $2,003,000, net loss applicable to common stockholders of $2,628,000 or $0.22 per basic and diluted share, adjusted EBITDA of $383,000 compared to the processing revenues of $7,813,000, operating loss of $402,000, loss before income taxes of $3,486,000, net loss applicable to common stockholders of $3,513,000 or $0.3 per basic and diluted share, adjusted EBITDA of $606,000 for the same quarter a year ago. For the year to date, the company reported processing revenues of $23,630,000, operating loss of $1,790,000, loss before income taxes of $5,656,000, net loss applicable to common stockholders of $7,432,000 or $0.63 per basic and diluted share, adjusted EBITDA of $1,859,000 compared to the processing revenues of $22,794,000, operating income of $81,000, loss before income taxes of $4,192,000, net loss applicable to common stockholders of $4,277,000 or $0.37 per basic and diluted share, adjusted EBITDA of $2,917,000 for the same period a year ago.

JetPay Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

JetPay Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenues were $7.73 million for the three months ended June 30, 2014 as compared to $7.29 million for the same period in 2013, representing an increase of $434,000, or 6.0%. Operating loss for the three months ended June 30, 2014 was $1.07 million, compared to an operating loss of $364,000 for the same period in 2013. Operating loss is net of depreciation and amortization expense of $663,000 for each of the three months ended June 30, 2014 and 2013. The increase in the operating loss was attributable to an increase in selling, general, and administrative expenses of $866,000 which included non-recurring legal settlement costs of $482,000 and a non-cash loss on the disposal of fixed assets of $237,000. Net loss was $2.3 million, or a net loss applicable to common stockholders of $2.9 million, a loss per share applicable to common stockholders of $0.25 per share, compared to a net loss and net loss applicable to common stockholders of approximately $1.7 million, or a loss of $0.14 per share, for the three months ended June 30, 2013. The increase in net loss was directly related to the increase in SG&A expenses. Loss before income taxes was at $2.32 million against $1.62 million reported last year. EBITDA was at a negative $0.415 million against a positive EBITDA of $0.169 million reported last year. Adjusted EBITDA for the three months ended June 30, 2014 of $500,000 was 6.5% of revenues as compared to adjusted EBITDA for the three months ended June 30, 2013 of $795,000 or 10.9% of revenues. The decrease in adjusted EBITDA in the current period was directly related to the company's investment in significantly expanding its marketing efforts and its professional sales team, including the addition of experienced national sales directors in both the Company's Payment Services operations and its Payroll Services operations. Revenues were $15.90 million for the six months ended June 30, 2014 as compared to $14.98 million for the same period in 2013, representing an increase of $914,000, or 6.1%. Operating loss for the six months ended June 30, 2014 was $1.03 million, compared to operating income of $482,000 for the same period in 2013. The decrease in the operating income was attributable to an increase in SG&A expenses of $1.2 million, which included non-recurring legal settlement costs of $482,000 and a non-cash loss on the disposal of fixed assets of $237,000. Net loss for the six months ended June 30, 2014 was approximately $3.8 million, or a net loss applicable to common stockholders of $4.8 million or a loss per share applicable to common stockholders of $0.41 per share, compared to a net loss and loss per share applicable to common stockholders of $767,000, or a loss of $0.07 per share, for the six months ended June 30, 2013. The increase in net loss was directly related to the increase in SG&A expenses, including the non-routine items noted above and a benefit in 2013 from a non-cash favorable change in the fair value of a derivative liability of $1.66 million. Loss before income taxes was at $3.65 million against $0.71 million reported last year. EBITDA was at $0.291 million against $1.22 million reported last year. Adjusted EBITDA was at $1.48 million against $2.31 million reported last year.

 

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