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Article: Planet Payment Reports Third Quarter 2009 Results.

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PR Newswire
Article date:
November 12, 2009
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- Total Revenue YTD Increases 35% to $33.0m - Gross Profit YTD Rises 50% to $11.6m - Adjusted EBITDA Positive for Second Straight Quarter

LONG BEACH, N.Y., Nov. 12 /PRNewswire-FirstCall/ -- Planet Payment, Inc. (UK: LSE:AIM: PPT and PPTR; USA: OTCQX: PLPM), a leading international payment and data processor, today announced its results for the three and nine month periods ended September 30, 2009.

During the third quarter of 2009 the Company continued to deliver solid results in a challenging economic climate. For the second consecutive quarter, Planet Payment achieved positive Adjusted EBITDA of $0.2m for Q3:2009 (Q3:2008 loss $1.4m).

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