Welcome to our dedicated page for Lesaka Technologies news (Ticker: $LSAK), a resource for investors and traders seeking the latest updates and insights on Lesaka Technologies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lesaka Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lesaka Technologies's position in the market.
Rhea-AI Summary
Lesaka Technologies, Inc. announces the release of third-quarter 2024 results with a presentation webcast and conference call scheduled for May 9, 2024. Investors can access the webcast via Zoom and the conference call for a detailed review of the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
-
Rhea-AI Summary
Lesaka Technologies, Inc. announces Naeem Kola, Group CFO, will participate in Citi's Emerging Markets FinTech Forum on March 7 and 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
-
Rhea-AI Summary
Lesaka Technologies, Inc. released Q2 2024 results, showing a 13% revenue growth in ZAR, operating income of $2.3 million, and a net loss improvement of 56% in ZAR. The Merchant Division reported revenue of $127.9 million, and the Consumer Division saw a 445% increase in Segment Adjusted EBITDA. The Net debt to Group Adjusted EBITDA ratio improved to 2.7 times. The outlook for Q3 2024 and FY 2024 was re-affirmed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
Tags
Rhea-AI Summary
Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) has announced the acquisition of Touchsides (Pty) Ltd, a leading data analytics and insights company, from Heineken International B.V. The acquisition is expected to significantly expand Kazang’s footprint in the tavern industry in South Africa’s informal market, with Touchsides having an active base of over 10,000 POS terminals and processing more than 1.5 million transactions per day. The acquisition is funded by internal cash generation and is expected to close in March 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
-
Rhea-AI Summary
Lesaka Technologies, Inc. (NasdaqGS: LSAK; JSE: LSK) to release second quarter 2024 results on February 6, 2024, with a presentation webcast and conference call on February 7, 2024. The webcast will be accessible via Zoom and the conference call will have US and South Africa toll-free dial-in options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.52%
Tags
-
Rhea-AI Summary
Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) announced the conclusion of Chris Meyer's tenure as Group CEO on February 29, 2024. Ali Mazanderani will assume the Executive Chairman role on February 1, 2024. Chris led the successful turnaround and building of the Lesaka fintech platform, while Ali has been a member of the Lesaka board since 2020 and brings deep experience to the Lesaka executive team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
Rhea-AI Summary
Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) reported strong Q1 2024 results, with revenue of $136.1 million (ZAR 2.5 billion), a 19% growth in ZAR. Operating profit improved to $0.2 million (ZAR 4.2 million) from a loss of $4.7 million (ZAR 80.0 million) in Q1 2023. Net loss narrowed by 42% in ZAR, and Group Adjusted EBITDA improved by 108% compared to Q1 2023. The Merchant Division showed continued growth, while the Consumer Division achieved its fourth consecutive quarter of profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) released Q1 2024 results, reporting $136.1 million in revenue, a return to operating profitability, and a net loss of $5.7 million, representing a 42% improvement. The outlook for fiscal 2024 was re-affirmed by CEO Chris Meyer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
-
Rhea-AI Summary
Lesaka Technologies, Inc. to release Q1 2024 results on November 7, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8%
Tags
News
Rhea-AI Summary
Lesaka Technologies, Inc. released its Q4 2023 and FY 2023 results. Q4 2023 revenue increased by 9% to ZAR 2.5 billion ($133.1 million), with a 32% growth on a constant currency basis. Net loss improved by 21% to ZAR 223.2 million ($11.9 million). Group Adjusted EBITDA improved by 115% to ZAR 158.3 million ($8.4 million) and by 161% on a constant currency basis. Merchant Division delivered Segment Adjusted EBITDA of ZAR 154.2 million ($8.2 million) in Q4 2023. Consumer Division reported profitability with Segment Adjusted EBITDA of ZAR 46.5 million ($2.5 million). Positive outlook as Merchant expands in Southern Africa's informal market. Net cash provided by operating activities of ZAR 182.9 million ($9.8 million) in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
Lesaka Technologies, Inc.
Nasdaq:LSAK
LSAK Rankings
LSAK Stock Data
276.18M
33.53M
15.52%
49.23%
0.12%
Data Processing, Hosting, and Related Services
Information
United States of America
ROSEBANK, JOHANNESBURG
About LSAK
about net1 (www.net1.com) net1 provides its universal electronic payment system, or ueps, as an alternative payment system for the unbanked and under-banked populations of developing economies. net1’s market-leading system enables the estimated four billion people who generally have limited or no access to a bank account, to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers. net1’s universal electronic payment system, or ueps, uses smart cards that operate in real-time but offline, unlike traditional payment systems offered by major banking institutions that require immediate access through a communications network to a centralized computer. this offline capability means that users of the net1 system can enter into transactions at any time with other card holders even in the most remote areas so long as a portable offline smart card reader is available. in addition to payments and purchases, ue