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.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Lesaka Technologies (LSAK) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.05 per share a year ago.

Lesaka Technologies (LSAK) Reports Q3 Loss, Lags Revenue Estimates

JOHANNESBURG, South Africa, May 09, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter ended March 31, 2023 (“Q3 2023”).

Lesaka Reports Third Quarter 2023 Results – Continued improvement in financial performance further evidences successful turnaround

JOHANNESBURG, South Africa--(BUSINESS WIRE)--Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released its results for the third quarter ended March 31, 2023 (“Q3 2023”) as the turnaround in the Group's Consumer Division gathers momentum and the Merchant Division continues to outperform. Performance highlights for Q3 2023: Revenue of R2.4 billion, compared to R549.8 million in Q3 2022, an increase of 337% due to the inclusion and continued outperformance of the Connect Group and momentu.

Leading South African Fintech Lesaka Technologies Completes Turnaround as it Champions Financial Inclusion Across Informal Markets

JOHANNESBURG, April 11, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release third quarter 2023 results after the U.S. market close on May 9, 2023. Lesaka management will host a presentation webcast and conference call on May 10, 2023, 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 2023 Results

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q2 2023 Earnings Conference Call February 8, 2023 8:00 AM ET Company Participants Rob Fink - Investor Relations Chris Meyer - Group Chief Executive Officer Steven Heilbron - Chief Executive Officer, Connect & Head of Merchant Division Lincoln Mali - Chief Executive Officer, Southern Africa Naeem Kola - Group Chief Financial Officer Conference Call Participants Frank Geng - Briarwood Chase Raj Sharma - B. Riley Rob Fink Hello, everyone, and welcome to Lesaka's Fiscal Second Quarter 2023 Earnings Webcast and Conference Call.

Lesaka Technologies, Inc. (LSAK) Q2 2023 Earnings Call Transcript

Lesaka Technologies (LSAK) delivered earnings and revenue surprises of 8.33% and 5.53%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

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

JOHANNESBURG--(BUSINESS WIRE)--Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2022 (“Q2 2023”). Successful execution against a carefully crafted transformation strategy Performance highlights for Q2 2023: Group Adjusted EBITDA of $7.4 million (ZAR 130.4 million) exceeds the upper end of guidance of ZAR 123 million in Q2 2023 by 6%. This represents a 77% increase compared to the prior quarter (Q1 2023: $4.2 million; ZAR 71.

Lesaka Reports FY23 Q2 Results Outperforming Upper End of Guidance

JOHANNESBURG, South Africa, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2022 (“Q2 2023”).

Lesaka Reports Second Quarter 2023 Results and Outperforms the Upper End of Guidance

Lesaka is a Nasdaq listed fintech in South Africa that is cheap, undiscovered, and in the midst of a turnaround. Owns non-core assets worth roughly $40 million in our estimate. EV of $427 million has it trading at 0.7x EV/S multiple and a 7.6x EV/EBITDA multiple off our 2023 sales and EBITDA estimates of $613 and $56 million respectively.

Lesaka Technologies: A Very Cheap Yet Growing Emerging Markets Fintech

JOHANNESBURG, South Africa, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that Mr. Alex M.R. Smith is leaving the Company to pursue other opportunities. Mr. Smith's last day of employment will be March 01, 2023. During this notice period, Mr. Smith will assist the Company in consolidating the roles and responsibilities of Chief Accounting Officer (“CAO”) into the ambit of Lesaka's highly experienced Finance team.

Lesaka announces departure of Alex Smith, Chief Accounting Officer

JOHANNESBURG, South Africa, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release second quarter 2023 results after the U.S. market close on February 7, 2023. Lesaka management will host a presentation webcast and conference call on February 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 Second Quarter 2023 Results

JOHANNESBURG, South Africa, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that it has entered a new employment arrangement with Mr. Steven Heilbron, for the period from January 1, 2023 to June 30, 2025.

Lesaka enters new employment arrangement with Steven Heilbron to June 2025

JOHANNESBURG, South Africa, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that Chris Meyer, Group CEO, will participate in a virtual panel discussion at the Credit Suisse 2022 European Private and Public Companies Financial Disruption Conference on Thursday, November 17, 2022 at 11:00 am South Africa Standard Time (SAST), which is 9:00 am Greenwich Mean Time (GMT) and 4:00 am Eastern Standard Time (EST).

Lesaka to Participate at Credit Suisse 2022 European Private and Public Companies Financial Disruption Conference

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q1 2023 Earnings Conference Call November 9, 2022 8:00 AM ET Company Participants Chris Meyer - Group Chief Executive Officer Steven Heilbron - Chief Executive Officer, Connect Group, Director Lincoln Mali - Chief Executive Officer, Southern Africa Naeem Kola - Group Chief Financial Officer Conference Call Participants Raj Sharma - B. Riley Frank Geng - Briarwood Chase Operator Hello everyone, and welcome to the Lesaka Fiscal First quarter 2023 Webcast and Conference Call.

Lesaka Technologies, Inc. (LSAK) Q1 2023 Earnings Call Transcript

JOHANNESBURG--(BUSINESS WIRE)--Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter ended September 30, 2022 (“Q1 2023”).

Lesaka Reports First Quarter 2023 Results

JOHANNESBURG, South Africa, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release first quarter 2023 results after the U.S. market close on November 8, 2022. Lesaka management will host a presentation webcast and conference call on November 9, 2022, at 8:00 a.m. Eastern Time to review these results.

Lesaka to Host Webcast and Conference Call to Review First Quarter 2023 Results

Lesaka offers merchants and consumers in Southern Africa a fintech platform with cash management, payment, and financial services. Further new products and acquisitions, internationalization, and economies of scale from the existing acquisitions could imply a valuation of $9.45 per share.

Lesaka Technologies: Recent Acquisition Could Imply Larger Valuations

JOHANNESBURG, South Africa, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today provides financial guidance for the year ended June 30, 2023 (“FY23”) and clarifies that its shelf registration statement on Form S-3 filed on September 9, 2022 with the United States Securities and Exchange Commission (“SEC”) was the routine renewal of its previously effective registration statement on Form S-3, which expired in December 2021.

Lesaka Provides Financial Guidance for Fiscal Year 2023 and Provides Clarity Regarding Shelf Registration Statement

JOHANNESBURG, South Africa, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that Mr. Ian. O. Greenstreet has advised the Company that he will not stand for re-election at the Company's next annual meeting expected to be held in November 2022.

Lesaka announces that Ian Greenstreet will not stand for re-election at next AGM

Lesaka Technologies, Inc. (NASDAQ:LSAK ) Q4 2022 Earnings Conference Call September 12, 2022 8:00 AM ET Company Participants Bronwyn Nielsen - The Nielsen Network Chris Meyer - Group Chief Executive Officer Steve Heilbron - Head Of Merchant Business, and Chief Executive Officer of the Connect Group Lincoln Mali - South African Chief Executive Officer Naeem Kola - Group Chief Financial Officer Conference Call Participants Raj Sharma - B. Riley Jarred Houston - All Weather Capital Operator Hello everyone, and welcome to the Lesaka Fiscal Fourth Quarter and Year-End 2022 Earnings Webcast and Conference Call.

Lesaka Technologies, Inc. (LSAK) Q4 2022 Earnings Call Transcript

Lesaka Technologies (LSAK) delivered earnings and revenue surprises of -12.50% and 31.98%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

JOHANNESBURG, South Africa, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the fourth fiscal quarter and year ended June 30, 2022.

Lesaka Reports Fourth Quarter 2022 Results

JOHANNESBURG, South Africa, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that Chris Meyer, Group CEO and Naeem Kola, Group CFO will participate in-person at the H.C. Wainright 24th Annual Global Investment Conference on Wednesday, September 14, 2022 and the UBS Fintech Conference on Thursday, September 15, 2022 in New York City. The Company will be hosting one-on-one meetings at both conferences.

Lesaka to Participate at Upcoming Conferences in New York City in Mid-September 2022

JOHANNESBURG, South Africa, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release fourth quarter and year-end 2022 results after the U.S. market close on September 9, 2022. Lesaka management will host a presentation webcast and conference call on September 12, 2022, at 8:00 a.m. Eastern Time to review these results.

Lesaka to Host Webcast and Conference Call to Review Fourth Quarter and Year-End 2022 Results

JOHANNESBURG, South Africa, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that its management team will participate at the 4th Annual Needham Virtual FinTech & Digital Conference on Wednesday, August 17, 2022. Participating in the 1x1 meetings will be Chris Meyer, Group CEO; Naeem Kola, CFO; Lincoln Mali, CEO Southern Africa; and Steven Heilbron, CEO Connect Group.

News for Lesaka Technologies Inc Stock (LSAK)