LONG BEACH, N.Y., Feb. 25, 2014 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of international payment and transaction processing and multi-currency processing services today announced certain preliminary results for its fiscal year ended December 31, 2013. The Company is providing the following preliminary ranges of certain of the financial results of the year ended December 31, 2013, which are subject to completion of the preparation and audit of its financial statements.
- Net revenue of $46.3 million to $46.7 million (2012: $43.6 million)
- Net (loss) income of $(0.5) million to $0.0 million (2012: net loss ($4.5 million))
- Adjusted EBITDA $3.7 million to $4.2 million (2012: $2.4 million) (See Table 1 and 2 for reconciliation of preliminary 2013 and actual 2012 net (loss) income to Adjusted EBITDA)
- Cash balance as of December 31, 2013 was approximately $6.5 million (2012: $6.0 million)