Lesaka Technologies Q3 2024 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $138.194M Miss $145.526M Estimate

5/8/24 4:56:18 PM ET

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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.

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Lesaka to acquire prepaid electricity submetering and payments business Recharger, expanding alternative payments offering
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
11/19/24 4:05:00 PM ET
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Lesaka gets green light to launch Employee Share Ownership Plan
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
11/14/24 4:05:00 PM ET
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Lesaka Q1 2025 Results: Lesaka Continues Building Operational Momentum Achieving Revenue and Profitability Guidance
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
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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
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Lesaka Technologies Reaffirms FY24 Revenue Of ZAR 10.7 Billion - ZAR 11.7 Billion
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
5/8/24 7:08:30 PM ET
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Lesaka Technologies Q3 2024 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $138.194M Miss $145.526M Estimate
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.
5/8/24 4:56:18 PM ET
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Lesaka Q1 2025 Results: Lesaka Continues Building Operational Momentum Achieving Revenue and Profitability Guidance
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
11/6/24 4:05:00 PM ET
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Lesaka to Host Webcast and Conference Call to Review First Quarter 2025 Results
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
10/7/24 4:05:00 PM ET
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Lesaka achieves its profitability guidance for FY 2024 and provides significantly higher profitability guidance for FY 2025
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
9/11/24 4:05:00 PM ET
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Lesaka Technologies Q3 2024 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $138.194M Miss $145.526M Estimate

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Group Chief Operating Officer Kola Naeem Ebrahim was granted 150,000 shares, increasing direct ownership by 44% to 492,088 units (SEC Form 4)

CEO: Southern Africa Mali Lincoln Camagu was granted 150,000 shares, increasing direct ownership by 55% to 420,857 units (SEC Form 4)

Group CFO Smith Daniel Luke was granted 120,000 shares, increasing direct ownership by 120% to 220,000 units (SEC Form 4)

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SEC Form SC 13G filed by Lesaka Technologies Inc.

Amendment: SEC Form SC 13D/A filed by Lesaka Technologies Inc.

SEC Form SC 13G/A filed by Lesaka Technologies Inc. (Amendment)

Lesaka appoints fintech entrepreneur Ali Mazanderani as Chairman, Kuben Pillay as Lead Independent Director, and Chris Meyer to conclude tenure as Group CEO in February 2024

Lesaka Appoints Venessa Naidoo, Proven Finance and Technology Leader, as a Board Member

Lesaka Technologies Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

SEC Form 10-Q filed by Lesaka Technologies Inc.

Lesaka Technologies Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

Lesaka to acquire prepaid electricity submetering and payments business Recharger, expanding alternative payments offering

Lesaka gets green light to launch Employee Share Ownership Plan

Lesaka Q1 2025 Results: Lesaka Continues Building Operational Momentum Achieving Revenue and Profitability Guidance

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Lesaka Technologies Reaffirms FY24 Revenue Of ZAR 10.7 Billion - ZAR 11.7 Billion