Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LESAKA TECHNOLOGIES INC reported second quarter ended December 31, 2022 results: revenue $136.1 million, net income $6.6 million, EPS $0.11 per diluted share. Guidance reaffirmed.
- Period
- second quarter ended December 31, 2022
- Revenue
- $136.1 million
- Net income
- $6.6 million
- EPS
- $0.11 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Performance for Q2 2023: Revenue of $136.1 million (ZAR 2.4 billion) 1 in Q2 2023, compared to $31.1 million (ZAR 478.5 million) 1 for the quarter ended December 31, 2021 ("Q2 2022"), exceeding the upper end of guidance by 4%, driven predominantly by strong outperformance in the Merchant Division. Significant improvement demonstrated with an operating loss of $2.2 million (ZAR 38.4 million) 1 in Q2 2023, representing a 74% improvement from an operating loss of $9.4 million (ZAR 145.0 million) 1 reported for Q2 2022. Net loss narrowed to $6.6 million, or $0.11 per diluted share, compared to a net loss of $12.4 million or, $0.22 per diluted share last year. Excellent performance from Merchant Division, exceeding guidance and delivering Segment Adjusted EBITDA of $9.1 million (ZAR 159.7 million) 1 in Q2 2023. Growth and momentum expected to continue, driven by secular trends underpinning financial inclusion, cash management and digitization for MSMEs ("Micro, Small and Medium Enterprises"
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