Lesaka delivers improved profitability as it exceeds FY24 Q2 guidance
Lesaka Technologies, Inc. (LSAK)
Company Research
Source: GlobeNewswire
JOHANNESBURG, South Africa, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2023 (“Q2 2024”). Performance Highlights for Q2 2024: Revenue of $143.9 million (ZAR 2.7 billion)1 in Q2 2024, compared to $136.1 million (ZAR 2.4 billion)1 for the second quarter ended December 31, 2022 (“Q2 2023”). In South African Rand (“ZAR”), revenue grew 13%.Operating income of $2.3 million (ZAR 42.5 million) for the quarter, compares to an operating loss of $2.2 million (ZAR 38.4 million) in Q2 2023, driven by successful execution against our strategy and growth in the Consumer and Merchant Divisions. Operating income for Q2 2024, includes a $1.0 million (ZAR 17.6 million) non-cash gain related to the release of a foreign currency translation reserve upon liquidation of a dormant subsidiary. Net loss continued to narrow, at $2.7 million (ZAR 50.8 million)1. This compares to a net loss of $6.6 millio
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LSAK
News
- Lesaka: An Undervalued Fintech Gem [Seeking Alpha]Seeking Alpha
- Lesaka Technologies, Inc.'s (NASDAQ:LSAK) largest shareholders are private equity firms with 39% ownership, individual investors own 31% [Yahoo! Finance]Yahoo! Finance
- Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 ResultsGlobeNewswire
- Investors in Lesaka Technologies (NASDAQ:LSAK) have unfortunately lost 33% over the last three years [Yahoo! Finance]Yahoo! Finance
- Lesaka to Participate at Citi's 2024 Emerging Markets FinTech ForumGlobeNewswire
LSAK
Earnings
- 2/6/24 - Beat
LSAK
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- 4/12/24 - Form PRE
- LSAK's page on the SEC website