Lesaka Q1 revenue $124.8M, beats guidance; Consumer segment loss narrows sharply

LESAKA TECHNOLOGIES INC

2023-Q1 EPS reported -$0.17 revenue$124,786,000

Revenue $124.8M (ZAR 2.1B), up 262% YoY driven by Connect acquisition; exceeded upper end of guidance on constant currency basis.
GAAP operating loss improved to $4.7M from $11.2M YoY; Normalized EBITDA turned positive at $3.4M from a loss of $9.8M.
Consumer Segment Adjusted EBITDA loss improved to ZAR 24M from ZAR 137M YoY; on track to reach Consumer break-even by Q2 2023 (Dec 31, 2022).
Merchant Segment Adjusted EBITDA rose to ZAR 135M from ZAR 28M YoY, reflecting Connect's continued outperformance.
GAAP loss per share $0.17 vs $0.23 YoY; Fundamental loss per share $0.08 vs $0.22; renegotiation of lending facilities commenced.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LESAKA TECHNOLOGIES INC reported the first quarter ended September 30, 2022 results: revenue $124.8 million, EPS (0.17).

Period: the first quarter ended September 30, 2022
Revenue: $124.8 million
EPS: (0.17)
Result: reported results

Exact text from the filing

end of our Q1 2023 guidance provided. The Connect acquisition outperformance continues and we remain on track to achieve Consumer break-even. Performance for Q1 2023 Revenue of $124.8 million (ZAR 2.1 billion) 1 in Q1 2023, compared to $34.5 million (ZAR 504 million) 1 for the quarter ended September 30, 2021 (“Q1 2022”), increase driven by the inclusion of Connect

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Source: SEC EDGAR

accession 0001062993-22-021705

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