---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-010569"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:54:50.833400+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lesaka Q3 rev +281% to $134M; Adj EBITDA turns positive $7.6M; auditor change

## Summary
- Revenue $134.0M (+281% YoY) driven by Connect Group acquisition; net loss $5.8M vs $3.3M loss YoY.
- Group Adjusted EBITDA $7.6M vs loss of $7.2M in Q3 2022, within guidance.
- Merchant Division Segment Adj EBITDA $8.3M; Consumer Division turned profitable with $1.6M.
- FY2023 guidance reaffirmed; operating loss narrowed 81% to $1.9M.
- Auditor change: KPMG appointed for FY2024 replacing Deloitte due to SA mandatory rotation rule; no disagreements.

## SEC filing metadata
- accession: 0001062993-23-010569
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299323010569/0001062993-23-010569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299323010569/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-010569
- JSON: https://secwatch.observer/filing/0001062993-23-010569.json
- Plain text: https://secwatch.observer/filing/0001062993-23-010569.txt

## Key facts
- Auditor Changes
  LESAKA TECHNOLOGIES INC engaged KPMG Inc. as its auditor.
  - Action: engagement
  - Auditor: KPMG Inc.
  source text: On May 9, 2023, Lesaka's Audit Committee appointed, and the Company engaged, KPMG Inc. (" KPMG ") in South Africa, an independent accountant, as its certifying accountant beginning July 1, 2023, the first day of Lesaka's 2024 fiscal year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299323010569/0001062993-23-010569-index.htm
- Earnings Releases
  LESAKA TECHNOLOGIES INC reported third quarter ended March 31, 2023 results: revenue $134.0 million, net income Net loss attributable to Lesaka of $5.8 million, EPS $(0.09). Guidance reaffirmed.
  - Period: third quarter ended March 31, 2023
  - Revenue: $134.0 million
  - Net income: Net loss attributable to Lesaka of $5.8 million
  - EPS: $(0.09)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Lesaka Reports Third Quarter 2023 Results - Continued improvement in financial performance further evidences successful turnaround JOHANNESBURG, May 9, 2023 - Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter ended March 31, 2023 ("Q3 2023") Performance Highlights for Q3 2023 : Revenue of $134.0 million (ZAR 2.4 billion) 1 in Q3 2023, compared to $35.2 million (ZAR 549.8 million) 1 for the quarter ended March 31, 2022 ("Q3 2022"), with the 381% increase largely as a result of the inclusion and continued outperformance of the Connect Group (including Kazang) and momentum in the successful turnaround of the Consumer Division. Net loss attributable to Lesaka of $5.8 million (ZAR 104.4 million) 1 in Q3 2023, compared to $3.3 million (ZAR 51.9 million) 1 in Q3 2022. Operating income (loss) before PPA amortization and net interest, a non-GAAP measure and reconciled in Attachment B, was income of $1.9 million (ZAR 34.0 million) 1 in Q3 2023, compa
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299323010569/0001062993-23-010569-index.htm

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