earnings
confidence high
sentiment positive
materiality 0.80
Payoneer Q1 revenue up 36% to $137M; raises FY 2022 revenue guidance to $550-560M
Payoneer Global Inc.
2022-Q1 EPS reported
$0.06
revenue$136,958,000
- Revenue of $137.0M (+36% YoY); net income of $20.2M vs net loss of $3.5M in Q1 2021.
- Adjusted EBITDA of $10.4M, up from $7.8M; volume grew 10% to $14.6B; take rate improved to 94 bps from 75 bps.
- B2B AP/AR volume grew ~58% YoY, now 11% of total volume; new customer payback period under 12 months.
- Raised FY 2022 revenue guidance to $550-560M; Adjusted EBITDA guided to ($10M)-($20M) loss.
- Management noted retained ~50% of originally forecasted revenues from Ukraine, Russia, Belarus for remainder of year.