LESAKA TECHNOLOGIES Reports FY2023 Q4 Earnings Results for Period Ending June 30, 2023
September 15, 2023
🌥️Earnings Overview
LESAKA TECHNOLOGIES ($NASDAQ:LSAK) announced their financial results for the fourth quarter of FY2023, ending June 30th 2023, on September 12th 2023. Their total revenue for the quarter was USD 133.2 million, representing a 9.3% year-on-year increase. Conversely, their reported net income decreased from -15.2 million the previous year to -11.9 million.
Stock Price
On Tuesday, LESAKA TECHNOLOGIES reported its financial results for the fourth quarter ending June 30, 2023. The company’s stock opened at $3.9 and closed at $3.9, down by 0.5% from its previous closing price of $3.9. Investors were encouraged by the results as the company was able to surpass expectations by a wide margin.
Management noted that they were focused on long-term growth and profitability and would continue to invest in new technologies and innovation. The company also announced that it would be launching several new products in the upcoming months, which could further increase revenue and profits for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lesaka Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 527.97 | -35.07 | -5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lesaka Technologies. More…
| Operations | Investing | Financing |
| 0.41 | -16.46 | -19.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lesaka Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 542.23 | 283.33 | 4.2 |
Key Ratios Snapshot
Some of the financial key ratios for Lesaka Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 51.8% | -14.7% | -2.6% |
| FCF Margin | ROE | ROA |
| -3.1% | -3.2% | -1.6% |
Analysis
At GoodWhale, we take financial analysis seriously. That’s why we’ve taken a deep dive into the financials of LESAKA TECHNOLOGIES. According to our Risk Rating, this company is a high risk investment in terms of financial and business aspects. We’ve detected 3 risk warnings in their income sheet, balance sheet, and financial journal statements. Our platform provides detailed breakdowns of these risks so that potential investors can make educated decisions. If you’re interested in learning more, become a registered user and check out our analysis for yourself. More…
Peers
The competition between Lesaka Technologies Inc and its competitors is fierce. Lesaka is constantly innovating and improving its products and services in order to stay ahead of the competition. Its main competitors are EVO Payments Inc, Evertec Inc, and Excel Corp. All of these companies are large, well-established firms with a lot of resources. They are all very competitive and are always looking for ways to gain an edge over Lesaka.
– EVO Payments Inc ($NASDAQ:EVOP)
Evo Payments Inc is a payment processing company that facilitates credit and debit card transactions. The company has a market capitalization of 1.62 billion as of 2022 and a return on equity of -10.48%. Evo Payments Inc enables merchants to accept credit and debit card payments from consumers. The company also provides merchant services, such as point-of-sale solutions, mobile commerce solutions, and e-commerce solutions. In addition, Evo Payments Inc offers working capital solutions to small and medium-sized businesses.
– Evertec Inc ($NYSE:EVTC)
Evertec is a transaction processing company that provides integrated payment solutions in the Americas. The company operates in three segments: Merchant Acquiring, Payment Processing, and Commercial Services. Evertec processes over four billion transactions annually.
Its market cap has grown steadily over the past few years and its ROE is quite high, indicating that it is a well-run company. Evertec is a reliable partner for businesses of all sizes, offering a comprehensive suite of payment processing services.
– Excel Corp ($OTCPK:EXCC)
Excel Corp has a market cap of 348.37k as of 2022, a Return on Equity of -31.97%. The company is a provider of financial analysis software for businesses and individuals. The company’s products are used by businesses of all sizes to manage their finances and by individuals to manage their personal finances. Excel Corp’s products are available in a variety of languages and are used by people in over 100 countries.
Summary
Lesaka Technologies recently reported their FY2023 Q4 earnings results that showed total revenue of USD 133.2 million, an increase of 9.3% year over year. Net income was reported at USD -11.9 million, a slight improvement from the previous year’s -15.2 million. Investors should consider whether the company is able to leverage its increased revenue to generate future profitability.
Additionally, the company’s financial performance should be compared to competitors in the industry. With these factors in mind, investors can make a better informed decision on whether or not to invest in Lesaka Technologies.
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