---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-21-008510"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2021-09-13T23:59:59+00:00"
generated_at: "2026-06-29T04:03:31.657493+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Net 1 reports Q4 revenue $34.5M (+20% QoQ); GAAP EPS $0.03; appoints Lincoln Mali to Board

## Summary
- Q4 2021 revenue $34.5M, up 20% from Q3 2021 and 41% YoY; GAAP operating loss $13.6M.
- GAAP EPS $0.03 vs loss of $0.68 in Q4 2020; Fundamental EPS loss $0.18 vs loss $0.21 YoY.
- Full year revenue $130.8M, down 9% YoY; operating loss $53.9M; GAAP EPS loss $0.67.
- Unrestricted cash $199M, no debt; added 23k EPE accounts in Q4, 61k in Jul-Aug.
- Appointed Lincoln Mali, CEO Southern Africa of subsidiary, to Board effective Sept 8, 2021.

## SEC filing metadata
- accession: 0001062993-21-008510
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2021-09-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299321008510/0001062993-21-008510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299321008510/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-21-008510
- JSON: https://secwatch.observer/filing/0001062993-21-008510.json
- Plain text: https://secwatch.observer/filing/0001062993-21-008510.txt

## Key facts
- Executive change
  Lincoln C. Mali was appointed as Director at LESAKA TECHNOLOGIES INC.
  - Action: appointed
  - Role: Director
  source text: appointed Mr. Lincoln C. Mali to the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299321008510/0001062993-21-008510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.