---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-22-021705"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:43:27.161503+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-22-021705
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299322021705/0001062993-22-021705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299322021705/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-22-021705
- JSON: https://secwatch.observer/filing/0001062993-22-021705.json
- Plain text: https://secwatch.observer/filing/0001062993-22-021705.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299322021705/0001062993-22-021705-index.htm

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