Net 1 Reports Third Quarter 2022 Results
Net 1 UEPS Technologies, Inc. (UEPS)
Last net 1 ueps technologies, inc. earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
ir.net1.com
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Source: GlobeNewswire
JOHANNESBURG, South Africa, May 10, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the third fiscal quarter ended March 31, 2022. Highlights: Revenue increased to $35.2 million, up 27% in rand terms and 22% in dollar terms, underpinned by stronger merchant revenue;After normalizing for $5.9 million of once off restructuring fees, Segment Adjusted EBITDA (before corporate/eliminations) improved to $0.3 million income from a $10.7 million loss in the comparable quarter, driven by increased revenue in our merchant segment and continued execution on cost saving initiatives;Over $19.2 million (ZAR 300 million) in annualized Project Spring savings targeted in 2023 financial year;GAAP EPS improved 48% to $(0.06) and Fundamental EPS improved 79% to $(0.05);Connect Group acquisition closed post quarter end on April 14, 2022; andShareholders vote in favor of Net1 changing its name to Lesaka Technologies, Inc. Lesaka Group CEO Chri
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