Lesaka Technologies Inc

Lesaka Technologies, Inc. engages in the provision of financial technology, products and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. It operates through the following segments: Processing, Financial Services, and Technology. The Processing segment includes fees earned by the company from processing activities performed for its customers from the distribution of prepaid airtime. The Financial Services segment includes activities related to the provision of financial services to customers. The Technology segment includes sales of hardware and licenses to customers. The company was founded by Serge Christian Pierre Belamant in 1989 and is headquartered in Johannesburg, South Africa.

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LSAK reports positive Q1 earnings, eyes growth in digital payments

LSAK's Q1 2023 earnings call highlighted positive financial performance, with a focus on strong Merchant Division performance and improved profitability in the Consumer Division. The company's net debt to EBITDA ratio improved, while it faces challenges related to cash utilization and lowered Consumer segment adjusted EBITDA range. LSAK remains optimistic about growth opportunities in South Africa's digital payments economy and anticipates a positive turning point in net loss before tax.

Lesaka Technologies reports robust Q2 performance and optimistic FY 2023 outlook

Lesaka Technologies Inc (LSAK) showcased strong financial performance, with a focus on operational efficiency and growth in key divisions.
The company's outlook for FY 2023 remains positive, with reaffirmed guidance and expectations for continued growth and profitability.
Despite challenges such as load shedding, Lesaka's strategic initiatives and financial discipline position it well for future success and expansion.

Lesaka Technologies Inc (LSAK) reports strong Q3 performance and growth outlook

Lesaka Technologies Inc (LSAK) demonstrated strong financial performance in Q3 2023, with positive adjusted EBITDA in both the Merchant and Consumer Divisions.
Strategic initiatives and improved operational efficiency have led to revenue growth, profitability, and enhanced financial stability.
Despite challenges in cash flow management and operational optimization, Lesaka is well-positioned for growth and remains focused on supporting small merchants and enhancing customer service.

Lesaka Technologies exceeds targets, shows resilience amidst challenges

Lesaka Technologies delivered strong financial performance, exceeding targets and showcasing resilience.
Successful acquisitions, debt restructuring, and focus on growth present a positive outlook.
Challenges like inflation and interest rates were managed well, with opportunities for further growth.
The company's strategic focus on small merchants, financial inclusion, and data insights drove success.

Lesaka Technologies reports profit milestone and eyes fintech leadership

Lesaka Technologies Inc achieved a significant milestone with its first operating income profit in 5 years and strong revenue growth in Q1 2024.
The company's focus on becoming a leading fintech provider in Southern Africa and improving performance in the Consumer Division are key strengths.
Challenges include managing churn rates, reengineering products like Kazang Pay Advance, and addressing consumer dynamics.
Opportunities lie in attracting new customers, disciplined M&A activities, and reintroducing products for future growth.

Lesaka Technologies excels in Q2 amidst challenges, eyes fintech leadership

Lesaka Technologies demonstrates resilience and growth amidst economic challenges in South Africa.
Strategic acquisitions, record achievements, and transformation efforts drive performance and revenue.
Challenges like load shedding and interest rates are being managed through adaptability and strategic planning.
Leadership changes signal a new direction towards establishing Lesaka as a leading fintech platform in Africa.

Lesaka Technologies excels in Q3, eyes expansion and operational enhancements

Lesaka Technologies demonstrates robust financial performance, strategic expansion, and operational improvements in Q3 2024. The Adumo deal presents synergies for broadening customer base and enhancing product offerings. Challenges include inflationary impacts and managing debt levels amidst growth initiatives.

Lesaka Technologies Inc (LSAK) reports robust earnings and eyes Fintech expansion

Lesaka Technologies Inc (LSAK) showcased strong financial performance, strategic acquisitions, and a focus on operational improvements across divisions.
Challenges include balancing M&A strategy with debt levels, integrating recent acquisitions, and navigating competition in the Fintech sector.
Opportunities for Lesaka include leveraging acquisitions for growth, expanding beyond current customer segments, and pursuing strategic partnerships.

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Lesaka Technologies, Inc. is a South African financial technology company, which engages in proprietary banking and payment technologies. It operates through the Merchant and Consumer segments. The Merchant segment includes activities related to the provision of goods and services provided to corporate and other juristic entities. The Consumer segment focuses on activities related to the provision of financial services to customers, including bank accounts, loans, and insurance products. The company was founded by Serge Christian Pierre Belamant in 1989 and is headquartered in Johannesburg, South Africa.

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.

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

Lesaka Technologies (LSAK) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Here's Why 'Trend' Investors Would Love Betting on Lesaka Technologies (LSAK)

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q1 2025 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Ali Mazanderani - Executive Chairman Steven Heilbron - Head of Mergers and Acquisitions, and Corporate Development Lincoln Mali - CEO Southern Africa Dan Smith - Chief Financial Officer Naeem Kola - Chief Operating Officer Bronwyn Nielsen - The Nielsen Network Conference Call Participants Raj Sharma - B. Reily Securities Theo O'Neill - LHR Research Sven Thorsden - Anchor Securities Jarred Houston - All Weather Capital Bronwyn Nielsen Hello everyone and welcome to the Lesaka Technologies webcast and conference call for the first quarter of fiscal 2025.

Lesaka Technologies, Inc. (LSAK) Q1 2025 Earnings Call Transcript

Lesaka Technologies (LSAK) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.09 per share a year ago.

Lesaka Technologies (LSAK) Reports Q1 Loss, Tops Revenue Estimates

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”).

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

Lesaka projects 2025 revenue of ZAR 10-11 billion and EBITDA of ZAR 900 million-1 billion, reflecting strong growth. The Adumo acquisition expands Lesaka's product portfolio, boosting cross-sell opportunities and driving higher revenue per user. Lesaka's pro forma EBITDA could reach $58 million, leading to a potential target price of $8.30 per share.

Lesaka: Unlocking Future Value

JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: 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.

Lesaka to Host Webcast and Conference Call to Review First Quarter 2025 Results

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.

Lesaka completes the acquisition of Adumo, cementing its position as the leading independent fintech in Southern Africa

Lesaka Technologies (LSAK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Lesaka Technologies (LSAK) Surges 6.3%: Is This an Indication of Further Gains?

Lesaka Technologies, Inc. is an African fintech firm that offers growth potential through its micro-merchant, merchant, and enterprise solutions. Its key businesses include EasyPay, Kazang, Adumo, Connect, and PRISM, each contributing to Lesaka's comprehensive financial ecosystem and market reach. Africa's informal economy presents a significant opportunity, with LSAK well-positioned to capitalize on the region's population density and emerging digitalization.

Lesaka Technologies: A Tier-1 Overlooked Growth Opportunity

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q4 2024 Earnings Conference Call September 12, 2024 8:00 AM ET Company Participants Ali Mazanderani - Executive Chairman Steven Heilbron - Chief Executive Officer, Connect Group & Director Lincoln Mali - Chief Executive Officer, Southern Africa & Director Naeem Kola - Chief Financial Officer, Treasurer, Secretary & Director Conference Call Participants Rajiv Sharma - B. Riley Securities Theo O'Neill - Litchfield Hills Research Operator Hello, everyone and welcome to the Lesaka Technologies Webcast and Conference call for the Fourth Quarter of Fiscal 2024.

Lesaka Technologies, Inc. (LSAK) Q4 2024 Earnings Call Transcript

Lesaka Technologies, a South Africa-based fintech, has surged by more than 54% year-to-date, as turnaround efforts have resulted in steady improvement to operating performance. However, given a bevy of potential catalysts, including the prospect of cost and growth synergies from an upcoming acquisition, point to further improvement ahead. If results for the current fiscal year meet even the low end of guidance, it may prove sufficient to a further move higher for LSAK stock.

Lesaka Technologies: This African Fintech Remains Poised For Another Breakout

Lesaka Technologies (LSAK) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.19 per share a year ago.

Lesaka Technologies (LSAK) Reports Q4 Loss, Lags Revenue Estimates

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”).

Lesaka achieves its profitability guidance for FY 2024 and provides significantly higher profitability guidance for FY 2025

JOHANNESBURG, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: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.

Lesaka Technologies Announces Leadership Changes as it Strengthens Executive Management Team

JOHANNESBURG, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: 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 to Host Webcast and Conference Call to Review Q4 and FY 2024 Results on September 12, 2024

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Lesaka Technologies, Inc (NASDAQ:LSAK ) Q3 2024 Results Conference Call May 9, 2024 8:00 AM ET Company Participants Ali Mazanderani - Executive Chairman Steven Heilbron - Chief Executive Officer, Connect Group & Director Lincoln Mali - Chief Executive Officer, Southern Africa & Director Naeem Kola - Chief Financial Officer, Treasurer, Secretary & Director Conference Call Participants Frank Geng - Briarwood Rajiv Sharma - B. Riley Securities Sven Thorson - Banker Theo O'Neill - Litchfield Hills Research Operator Hello, everyone, and welcome to the Lesaka Technologies webcast and conference call for the third quarter of fiscal 2024.

Lesaka Technologies, Inc. (LSAK) Q3 2024 Earnings Call Transcript

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NEW YORK , May 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Lesaka Technologies, Inc. (NASDAQ: LSAK)'s  merger with Adumo RF (Pty) Ltd. If you are a Lesaka shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates LSAK, SLCA

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Lesaka Technologies, Inc. (the “Company”) (NasdaqGS: LSAK) and Adumo RF (Pty) Ltd. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Lesaka shareholders. If you would like to discuss your legal rights regarding the proposed transactio.

LESAKA TECHNOLOGIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Lesaka Technologies, Inc. - LSAK

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