Welcome to our dedicated page for Lesaka Tech news (Ticker: LSAK), a resource for investors and traders seeking the latest updates and insights on Lesaka Tech stock.
Lesaka Technologies Inc. (LSAK) delivers innovative fintech solutions through its Merchant and Consumer segments, specializing in payment processing and financial services across South Africa. This news hub provides investors with essential updates on strategic developments, operational milestones, and market positioning.
Access real-time updates on earnings reports, partnership announcements, and technology initiatives like the company's offline transaction capabilities. Track significant corporate actions including recent strategic acquisitions such as Adumo RF, which expand Lesaka's merchant services footprint.
The page consolidates press releases covering:
• Merchant segment developments: Payment processing innovations, prepaid product expansions
• Consumer financial services: Digital banking features, loan product updates
• Strategic growth: Market expansion efforts, technology investments
• Regulatory compliance: Operational licensing, service certifications
Bookmark this resource for streamlined monitoring of Lesaka's progress in transforming Southern Africa's digital payment landscape through accessible financial technologies.
Lesaka Technologies, a South African fintech company, will release its third quarter 2023 results on May 9, 2023, after U.S. market close. A presentation webcast and conference call for these results will take place on May 10, 2023, at 8:00 a.m. EST (2:00 p.m. SAST). Participants can access the results via a webcast link, and a replay will be available afterward on the company's investor relations site. Lesaka Technologies focuses on providing financial services solutions, including cash management, lending, and insurance, primarily targeting underserved markets in Southern Africa. The company, listed on both NASDAQ (LSAK) and the JSE (LSK), aims to enhance financial inclusion through its innovative services.
Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) reported significant financial results for Q2 2023, ending December 31, 2022. Revenue surged to $136.1 million, a 337% increase from the same quarter last year, driven by strong performance in the Merchant Division. The company posted a narrowed net loss of $6.6 million versus $12.4 million in Q2 2022. Operating losses improved by 74% to $2.2 million, while Group Adjusted EBITDA reached $7.4 million. Cash provided by operating activities stood at $3.4 million. Lesaka reaffirmed its fiscal 2023 guidance, anticipating continued growth amidst challenges.
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