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, South Africa, May 07, 2024 (GLOBE NEWSWIRE) --  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”), African Rainbow Capital (“ARC”), the largest shareholder of Crossfin Holdings (RF) Pty Ltd (“Crossfin”), as well as the International Finance Corporation and Adumo management.

Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC

Lesaka has made significant progress in its turnaround efforts and is ready to accelerate growth. The company owns a 10% equity stake in Indian fintech company MobiKwik, valued at roughly $76 million (~30% of its current market cap).

Lesaka: An Undervalued Fintech Gem

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7 Penny Stocks That Can Turn $10,000 Into $100,000 by 2027

JOHANNESBURG, South Africa, March 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: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.

Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 Results

JOHANNESBURG, South Africa, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that Naeem Kola, Group CFO, will participate in Citi's Emerging Markets FinTech Forum taking place virtually on March 7 and 8, 2024.

Lesaka to Participate at Citi's 2024 Emerging Markets FinTech Forum

Lesaka Technologies, Inc. (LSAK) Q2 2024 Earnings Call Transcript

Lesaka Technologies (LSAK) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.11 per share a year ago.

Lesaka Technologies (LSAK) Reports Q2 Loss, Misses Revenue Estimates

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”).

Lesaka delivers improved profitability as it exceeds FY24 Q2 guidance

JOHANNESBURG, South Africa, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today announced that it has signed a definitive agreement to acquire 100% of Touchsides (Pty) Ltd (“Touchsides”), a leading data analytics and, insights and merchant services company, from Heineken International B.V. The Touchsides and Kazang businesses are highly complementary, and the acquisition is expected to significantly expand Kazang's footprint in the tavern industry in South Africa's informal market.

Lesaka to Expand its Merchant Division's Footprint in South Africa's Informal Market with the Acquisition of Touchsides (Pty) Ltd from Heineken International B.V.

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JOHANNESBURG, South Africa, Jan. 08, 2024 (GLOBE NEWSWIRE) --  Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: 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.

Lesaka to Host Webcast and Conference Call to Review Second Quarter 2024 Results

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Lesaka is a South African fintech offering solutions to both merchants and consumers. The company may be at an inflection point as a turnaround has succeeded in restoring the business to profitability and both its merchant and consumer arms are delivering growth. The share price has recently pulled back significantly, and I believe the current price offers a favorable entry point.

Lesaka: Turnaround Offers Opportunity

Lesaka Technologies, Inc. (LSAK) Q1 2024 Earnings Call Transcript

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”).

Lesaka continues strong growth trajectory and achieves upper end of revenue guidance

JOHANNESBURG--(BUSINESS WIRE)--Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released its results for the first quarter (“Q1 2024”) ended September 30, 2023. 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.

Lesaka Continues Strong Growth Trajectory and Achieves Upper End of Revenue Guidance

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JOHANNESBURG, South Africa, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release first quarter 2024 results after the U.S. market close on November 7, 2023. Lesaka management will host a presentation webcast and conference call on November 8, 2023, 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 2024 Results

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q4 2023 Earnings Conference Call September 13, 2023 8:00 AM ET Company Participants Matt Chesler - CFA Chris Meyer - Group CEO Steve Heilbron - CEO, Connect and Head of Merchant Division Lincoln Mali – CEO, Lesaka Southern Africa Naeem Kola - Group CFO Conference Call Participants Theodore O'Neill - Litchfield Hills Research James Starke - RMB Morgan Stanley Matt Chesler Hello, everyone, and welcome to the Lesaka Technologies Fiscal Fourth Quarter 2023 Webcast and Conference Call. As a reminder, the webcast is being recorded and the presentation can be accessed through the webcast link as well as dialing into the zoom conference call dial-in numbers provided.

Lesaka Technologies, Inc. (LSAK) Q4 2023 Earnings Call Transcript

JOHANNESBURG--(BUSINESS WIRE)--Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released its results for the fourth quarter (“Q4 2023”) and full year (“FY 2023”) ended June 30, 2023. Performance highlights for Q4 2023: Revenue of ZAR 2.5 billion ($133.1 million) in Q4 2023, compared to ZAR 1.9 billion ($121.8 million) for the quarter ended June 30, 2022 (“Q4 2022”), with the 9% increase attributable to inclusion of the Connect Group for the full period, excellent growth in the Merchant.

Lesaka Increases Revenue 9% for the Fourth Quarter, Exceeding the Upper End of its Revenue Guidance

Lesaka Technologies' turnaround from a mismanaged holding company to a promising African fintech company is almost finished. Lesaka's focus on synergies, growth potential, and customer acquisition cost advantages contribute to its potential for sustained growth. Management expects revenues to grow by ~130% to roughly $510 million in FY2023 following the transformative acquisition of the Connect Group.

Lesaka Technologies: A Fintech Turnaround Case

JOHANNESBURG--(BUSINESS WIRE)--Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: 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 curren.

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

JOHANNESBURG--(BUSINESS WIRE)--Lesaka (NasdaqGS: LSAK; JSE: LSK) today announced that its leadership team will participate in the following investor conferences in June 2023: Avior Corporate Summit, June 13, Johannesburg: Chris Meyer, our Group CEO, and Naeem Kola, our Group CFO, will conduct one-on-one investor meetings throughout the conference. Sidoti Small-Cap Conference, June 14 & 15, virtual: Chris Meyer will present at 9:15 a.m. ET on Thursday, June 15, 2023, and will also conduct on.

Lesaka Announces Investor Conference Participation for June 2023

JOHANNESBURG--(BUSINESS WIRE)--Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it has repurchased approximately 250,000 of the Company's common shares in May 2023, at a price of $3.26 per share (ZAR 62.08 per share using the relevant USD: ZAR exchange rate). Lesaka Group CEO Chris Meyer said: “We reported another quarter of growth and transformation last week, driven by the acquisition of the Connect Group in our Merchant Division and the su.

Lesaka Announces the Repurchase of Common Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q3 2023 Earnings Conference Call May 10, 2023 8:00 AM ET Company Participants Rob Fink - Investor Relations Chris Meyer - Group Chief Executive Officer Steve Heilbron - Chief Executive Officer Connect and Head of Merchant Division Lincoln Mali - Chief Executive Officer of Lesaka Southern Africa Naeem Kola - Group Chief Financial Officer Conference Call Participants James Stark - Morgan Stanley Raj Sharma - B Riley & Co. Sven Thordsen - Anchor Securities Theo O'Neill - Litchfield Hills Research Rob Fink Hello, everyone, and welcome to the Lesaka Technologies Fiscal Third Quarter 2023 Webcast and Conference Call. As a reminder, the webcast is being recorded and the presentation can be accessed through the webcast link as well as dialling into the zoom conference call dial-in numbers provided.

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