JOHANNESBURG, South Africa, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))) today announced that Chris Meyer will conclude his tenure as Lesaka Group CEO on February 29, 2024. During his nearly three years as Group CEO, Chris has led the successful turnaround and building of the Lesaka fintech platform. Chris will remain a director of Lesaka. Commenting on the conclusion of his tenure as Group CEO, Chris said, "I have dedicated all my energy over the past nearly 3 years to the turnaround and rebuilding of the Lesaka platform, spending the majority of that time apart from my family in the UK. The vibrant and energized Lesaka of today looks very differe
Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced that it has appointed Ms. Venessa Naidoo as an independent non-employee director to its Board as of July 1, 2023. Ms. Naidoo has been appointed as a member of the Company's Audit Committee. Ms. Naidoo brings a wealth of experience in finance, launching new technologies, managing rapid international growth, restructures, operating in emerging market economies and currencies, and delivering success in highly competitive environments. She is an experienced non-executive director and currently serves on the boards of both OUTsurance, a leading South African insurance company, and RFG Holdings Limit
JOHANNESBURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK)) today released results for the first quarter of fiscal 2025 ("Q1 2025"). Q1 2025 performance: Revenue of $145.5 million (ZAR 2.6 billion) was at the mid-point of our revenue guidance and compares to $136.1 million (ZAR 2.5 billion) in Q1 2024.Operating loss of $0.05 million (ZAR 0.3 million) compares to operating income of $0.2 million (ZAR 4.2 million) in Q1 2024. The current quarter includes $1.7 million (ZAR 30.0 million) of one-off transaction costs relating to the acquisition of Adumo. Excluding the impact of these transaction costs, operating income would have been $1.7 million (ZAR 2
JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it will release first quarter 2025 results after the U.S. market close on November 6, 2024. Lesaka management will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 3:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: https://bit.ly/3BB5RHG Participants using the webcast will be able to ask questions by raising their hand and then asking the question "live." Conference call dial-in: US Toll-Free: +1
JOHANNESBURG, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))) today released results for the fourth quarter ("Q4 2024") and year ended June 30, 2024 ("FY 2024"). FY 2024 performance: Revenue increased 11% in South African Rand ("ZAR")1 to $564.2 million (ZAR 10.6 billion).Operating income increased to $3.6 million (ZAR 67.3 million), compared to an operating loss of $15.3 million (ZAR 275.3 million) in FY 2023.Net loss improved 48% in ZAR to $17.4 million (ZAR 326.1 million), compared to a net loss of $35.1 million (ZAR 629.2 million) in FY 2023.GAAP loss per share improved 49% in ZAR, to $0.27 (ZAR R5.07).Guidance for Group Adjusted EBITDA (a n
JOHANNESBURG, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced that it now intends to release its fourth quarter and year end June 2024 results on September 11, 2024, after markets close, in line with its Q4 and FY 2023 reporting timeframes. Lesaka management will host a presentation webcast and conference call on September 12, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 2:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: https://bit.ly/3zGC4fy Participants using the webcast will b
JOHANNESBURG, July 18, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it will release fourth quarter and year-end 2024 results after the U.S. market close on September 4, 2024. Lesaka management will host a presentation webcast and conference call on September 5, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 2:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: https://bit.ly/3zGC4fy Participants using the webcast will be able to ask questions by raising their hand and then asking the question "live." Conference call dial-in:
JOHANNESBURG, South Africa, May 08, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))) today released results for the third quarter ended March 31, 2024 ("Q3 2024"). Performance Highlights for Q3 2024: Revenue of $138.2 million (ZAR 2.6 billion)1 in Q3 2024, compared to $134.0 million (ZAR 2.4 billion)1 for the third quarter ended March 31, 2023 ("Q3 2023"), an increase of 9% in South African Rand ("ZAR").Operating income of $0.8 million (ZAR 15.0 million) for the quarter, compared to an operating loss of $1.9 million (ZAR 33.2 million) in Q3 2023.Net loss reduced to $4.0 million (ZAR 76.4 million)1 compared to a $5.8 million (ZAR 104.4 million)1 in Q3 2023, rep
JOHANNESBURG, South Africa, March 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it will release third quarter 2024 results after the U.S. market close on May 8, 2024. Lesaka management will host a presentation webcast and conference call on May 9, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 2:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom: Link to access the results webcast: https://bit.ly/3TSfxUDWebcast ID: 998 0150 9829 Participants using the webcast will be able to ask questions by raising their hand and then asking the question "live." Conference
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. Ope
JOHANNESBURG, South Africa, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it will release second quarter 2024 results after the U.S. market close on February 6, 2024. Lesaka management will host a presentation webcast and conference call on February 7, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 3:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom: Link to access the results webcast: https://bit.ly/3NNYu2IWebcast ID: 986 4107 6448 Participants using the webcast will be able to ask questions by raising their hand and then asking the question "live."
JOHANNESBURG, South Africa, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))) today released results for the first quarter ended September 30, 2023 ("Q1 2024"). Performance Highlights for Q1 2024: Revenue of $136.1 million (ZAR 2.5 billion)1 in Q1 2024, compared to $124.8 million (ZAR 2.1 billion)1 for the first quarter ended September 30, 2022 ("Q1 2023"). In South African Rand ("ZAR") revenue grew 19%, driven by strong year-on-year growth in both the Merchant and Consumer Divisions.A return to operating profitability with an operating income of $0.2 million (ZAR 4.2 million) for the quarter, improving from an operating loss of $4.7 million (ZAR 80.0
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JOHANNESBURG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK)) ("Lesaka" or the "Company") today announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding ordinary shares of Recharger (Pty) Ltd ("Recharger"), a South African prepaid electricity submetering and payments business. The purchase consideration of ZAR 507 million ($28 million translated at the average exchange rate of $1: ZAR 18.06 as of November 18, 2024) will be paid over two tranches with the first tranche settled at closing and the second tranche a year later. The purchase consideration will be settled through a combination of ZAR 332 million ($18 m
JOHANNESBURG, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK)) ("Lesaka" or the "Company") shareholders voted on and approved the funding and issuance of shares to the Lesaka ESOP Trust at its annual general meeting. Lincoln Mali, CEO Southern Africa, said "We are very proud of the launch of our broad-based employee share ownership plan. Lesaka has been on a far-reaching transformation journey and our employees becoming shareholders is a significant and an important milestone for us." The Lesaka Employee Share Ownership Plan ("ESOP") is designed to create alignment with the Company's long-term growth objectives. The Lesaka ESOP Trust will hold an effec
JOHANNESBURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK)) today released results for the first quarter of fiscal 2025 ("Q1 2025"). Q1 2025 performance: Revenue of $145.5 million (ZAR 2.6 billion) was at the mid-point of our revenue guidance and compares to $136.1 million (ZAR 2.5 billion) in Q1 2024.Operating loss of $0.05 million (ZAR 0.3 million) compares to operating income of $0.2 million (ZAR 4.2 million) in Q1 2024. The current quarter includes $1.7 million (ZAR 30.0 million) of one-off transaction costs relating to the acquisition of Adumo. Excluding the impact of these transaction costs, operating income would have been $1.7 million (ZAR 2
JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it will release first quarter 2025 results after the U.S. market close on November 6, 2024. Lesaka management will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 3:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: https://bit.ly/3BB5RHG Participants using the webcast will be able to ask questions by raising their hand and then asking the question "live." Conference call dial-in: US Toll-Free: +1
JOHANNESBURG, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it has completed its acquisition of Adumo RF (Pty) Ltd ("Adumo"). The transaction was settled through the issuance of 17,279,803 shares of Lesaka's common stock and a cash payment ZAR 232.2 million ($13.4 million), implying a total purchase consideration of ZAR 1.67 billion ($96.2 million) using Lesaka's October 1, 2024, closing price on the Johannesburg Stock Exchange of ZAR 83.05 per share. All amounts in this release have been translated to U.S. dollars at the October 1, 2024, closing exchange rate of $1: ZAR 17.34. The acquisition of Adumo, So
JOHANNESBURG, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))) today released results for the fourth quarter ("Q4 2024") and year ended June 30, 2024 ("FY 2024"). FY 2024 performance: Revenue increased 11% in South African Rand ("ZAR")1 to $564.2 million (ZAR 10.6 billion).Operating income increased to $3.6 million (ZAR 67.3 million), compared to an operating loss of $15.3 million (ZAR 275.3 million) in FY 2023.Net loss improved 48% in ZAR to $17.4 million (ZAR 326.1 million), compared to a net loss of $35.1 million (ZAR 629.2 million) in FY 2023.GAAP loss per share improved 49% in ZAR, to $0.27 (ZAR R5.07).Guidance for Group Adjusted EBITDA (a n
JOHANNESBURG, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced changes to augment its executive leadership team to align with the Company's ambitious growth targets. These changes represent a significant step forward as Lesaka positions itself as a natural consolidator and leading fintech in Southern Africa. Executive Changes: Naeem Kola, currently Group Chief Financial Officer, will be appointed as Group Chief Operating Officer. Naeem is exceptionally well placed to drive strategic and operational synergies for the group with his extensive financial and operational experience in international fintech, and
JOHANNESBURG, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced that it now intends to release its fourth quarter and year end June 2024 results on September 11, 2024, after markets close, in line with its Q4 and FY 2023 reporting timeframes. Lesaka management will host a presentation webcast and conference call on September 12, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 2:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: https://bit.ly/3zGC4fy Participants using the webcast will b
JOHANNESBURG, July 18, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK))) today announced it will release fourth quarter and year-end 2024 results after the U.S. market close on September 4, 2024. Lesaka management will host a presentation webcast and conference call on September 5, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 2:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: https://bit.ly/3zGC4fy Participants using the webcast will be able to ask questions by raising their hand and then asking the question "live." Conference call dial-in:
JOHANNESBURG, South Africa, May 08, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))) today released results for the third quarter ended March 31, 2024 ("Q3 2024"). Performance Highlights for Q3 2024: Revenue of $138.2 million (ZAR 2.6 billion)1 in Q3 2024, compared to $134.0 million (ZAR 2.4 billion)1 for the third quarter ended March 31, 2023 ("Q3 2023"), an increase of 9% in South African Rand ("ZAR").Operating income of $0.8 million (ZAR 15.0 million) for the quarter, compared to an operating loss of $1.9 million (ZAR 33.2 million) in Q3 2023.Net loss reduced to $4.0 million (ZAR 76.4 million)1 compared to a $5.8 million (ZAR 104.4 million)1 in Q3 2023, rep
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As of June 24, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Lesaka Technologies Inc (NASDAQ:LSAK) On May 8, Lesaka Technologies posted a profit for the t
Outlook for the Fourth Quarter 2024 ("Q4 2024") and Full Fiscal Year 2024 ("FY 2024")Lease expenses which were previously excluded from the calculation of Group Adjusted EBITDA have now been included in the calculation. This change is in response to comments received from the staff of the SEC in March 2024 regarding our non-GAAP financial reporting. Comparative information has been adjusted to conform with the updated presentation.While we report our financial results in USD, we measure our operating performance in ZAR, and as such we provide our guidance accordingly.We re-affirm our revenue outlook for FY 2024. We expect:Revenue between ZAR 10.7 billion and ZAR 11.7 billion. We raise* our G
Lesaka Technologies (NASDAQ:LSAK) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.04) by 150 percent. This is a 200 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $138.194 million which missed the analyst consensus estimate of $145.526 million by 5.04 percent. This is a 3.15 percent increase over sales of $133.968 million the same period last year.
Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK))))) ("Lesaka") has signed a definitive agreement to acquire Adumo RF (Pty) Ltd ("Adumo") for ZAR 1.59 billion ($85.9 million translated at the prevailing rate $1: ZAR 18.50 as of May 7, 2024). The transaction is subject to shareholder and regulatory approvals. The purchase consideration1 will be settled through the combination of an issuance of 17,279,803 shares of Lesaka common stock to Adumo's current ultimate shareholders plus ZAR 232 million ($12.5 million) in cash, funded by internal cash resources and external financing. Adumo's ultimate shareholders include Apis Growth Fund I, a private equity fund managed by Apis Partners LLP ("Apis")
Lesaka Technologies (NASDAQ:LSAK) reported its Q2 earnings results on Tuesday, February 6, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Lesaka Technologies beat estimated earnings by 133.33%, reporting an EPS of $0.01 versus an estimate of $-0.03. Revenue was up $7.83 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.01 which was followed by a 1.83% drop in the share price the next day. Here's a look at Lesaka Technologies's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 EPS Estimate -0.07 -0.07 -0.06 -0.12 EPS Actual -0.08 -0.04 -0.02 -0.01 Revenue Estimate 137.90M 129
Lesaka Technologies (NASDAQ:LSAK) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.03) by 133.33 percent. This is a 200 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $143.89 million which missed the analyst consensus estimate of $144.47 million by 0.40 percent. This is a 5.75 percent increase over sales of $136.07 million the same period last year.
Companies Reporting Before The Bell • BP (NYSE:BP) is projected to report quarterly earnings at $1.05 per share on revenue of $53.50 billion. • AudioCodes (NASDAQ:AUDC) is projected to report quarterly earnings at $0.23 per share on revenue of $63.49 million. • UBS Gr (NYSE:UBS) is expected to report quarterly earnings at $0.23 per share on revenue of $10.28 billion. • Frontier Group Holdings (NASDAQ:ULCC) is expected to report quarterly loss at $0.23 per share on revenue of $893.33 million. • Cerence (NASDAQ:CRNC) is expected to report quarterly earnings at $0.90 per share on revenue of $131.13 million. • PJT Partners (NYSE:PJT) is estimated to report quarterly earnings at $0.88 per s
The acquisition, funded by internal cash generation of the Group, is expected to close in March 2024 and is subject to satisfaction of customary closing conditions. As part of the acquisition, Heineken's operating business in South Africa has agreed to a long-term renewable contract with Touchsides for access to Touchsides' tavern data and services.
Lesaka Technologies (NASDAQ:LSAK) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement. Analysts estimate that Lesaka Technologies will report an earnings per share (EPS) of $-0.03. Lesaka Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.01, which was followed by
The Dow Jones index closed higher by over 500 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Lesaka Technologies The Trade: Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Ali Mazanderani acquired a total of 322,476 shares an average price of $3.30. To acquire these shares, it cost around $1.06 million. What’s Happening: On Nov. 7,