Nayax Ltd Stock Price, News & Analysis

Nayax (Nasdaq: NYAX; TASE: NYAX) has appointed Keren Sharir to the newly created role of President in addition to her current position as Chief Marketing Officer (CMO), effective immediately. Sharir, who has been CMO since 2014, will now support the CEO in aligning business operations, building policies, and increasing internal efficiency while steering growth efforts. She will continue to manage the company's marketing strategy, growth, and brand.

Sharir has been instrumental in Nayax's growth over the past decade, including building North American operations, leading the company's public markets debut in 2021, and establishing Nayax as a leading brand in the Automated Self-Service space globally. She holds a Bachelor of Science degree in mathematics and computer science from the University of Haifa.

Nayax (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement payments and loyalty platform, announced its participation in two investor conferences during the week of August 12, 2024. The company's CFO, Sagit Manor, and CSO, Aaron Greenberg, will represent Nayax at both events:

1. Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 13, featuring a virtual presentation at 9:55am EDT and one-on-one investor meetings.

2. 6th Annual Needham FinTech & Digital Transformation Virtual 1x1 Conference on August 15, offering virtual one-on-one meetings with investors.

These conferences provide Nayax with opportunities to showcase its latest advancements, discuss growth strategies, and engage with key stakeholders in the payments and loyalty industry.

Nayax (Nasdaq: NYAX, TASE: NYAX) reported strong Q2 2024 financial results, with total revenue reaching $78.1 million, up 39% year-over-year. The company saw improved profitability with gross margins of 44.3% and returned to operating profit with adjusted EBITDA of $8.1 million. Nayax reiterated its full-year 2024 guidance, projecting revenue between $325-335 million and adjusted EBITDA between $30-35 million.

Key highlights include significant growth in recurring revenue, improved gross margins, and expanded global footprint through recent acquisitions of VMtecnologia and Roseman. The company's hardware gross margins notably increased to 29% from 19% in Q2 2023. Nayax's strategic focus on leasing and rental over device sales is expected to lead to a higher margin profile in the mid and long term.

Nayax (Nasdaq & TASE: NYAX), a global commerce enablement, payments and loyalty platform, has announced its upcoming Q2 2024 earnings release scheduled for August 7, 2024, before the US market opens. The company will host two conference calls on the same day:

1. English call at 8:30 a.m. ET / 3:30 p.m. Israel Time / 5:30 a.m. PT
2. Hebrew call at 9:30 a.m. ET / 4:30 p.m. Israel Time / 6:30 a.m. PT

CEO Yair Nechmad and CFO Sagit Manor will participate in the calls. Pre-registration is encouraged for the English call. A replay will be available until August 21, 2024, and an archive will be accessible on Nayax's Investor Relations website.

Nayax (Nasdaq: NYAX; TASE: NYAX) has launched EV CloudPay, a new cloud-based payment solution for electric vehicle (EV) charging stations. This system enables drivers to pay using credit cards, debit cards, or mobile wallets through a single on-site kiosk, simplifying the current cumbersome payment process involving multiple apps. EV CloudPay supports over 80 cashless and digital payment methods and leverages the Open Charge Point Interface (OCPI) for seamless integration with charging station management systems. This launch is a strategic move by Nayax to enhance the EV charging experience, facilitate faster payments, and support the global transition to electric vehicles.

Nayax (Nasdaq: NYAX; TASE: NYAX) announced that its VPOS Touch card reader won the Best Payment System award at the 2024 Vendies Awards, a UK-based vending industry event. This award is given by a panel of judges spanning various industry categories. The VPOS Touch enables operators to manage sales, refunds, inventory, and machines through telemetry technology and a vending management system. Integrated with Nayax's Monyx Wallet app, it offers over 80 cashless payment options in more than 50 countries, facilitating cash, card, and contactless payments. General Manager of Nayax UK, Lewis Zimbler, highlighted the company's commitment to providing a seamless consumer experience and supporting merchant growth. The device has previously won the same award in 2021 and was named Payment System of the Year in 2016, 2017, and 2018.

Nayax, a global commerce enablement payments and loyalty platform, announced its participation at the William Blair Growth Conference in Chicago on June 6, 2024. The event will feature presentations by Ms. Sagit Manor, Chief Financial Officer, and Mr. Aaron Greenberg, Chief Strategy Officer, scheduled for 8:40 a.m. Chicago Time. Both executives will also engage in one-on-one meetings throughout the day. A live webcast of the presentation will be available, and a replay will be accessible on Nayax's investor relations website.

Nayax (Nasdaq: NYAX, TASE: NYAX) reported strong financial results for Q1 2024, ending March 31, 2024. Total revenue hit $64 million, marking a 43% YoY increase in recurring revenue, which now represents 72% of total revenue. The company achieved an adjusted EBITDA of $3.6 million, a significant improvement from last year's loss of $0.6 million, and gross margins reached 43.8%.

CEO Yair Nechmad expressed optimism about accelerating revenue growth and enhanced profitability, driven by robust operating leverage and M&A activities. CFO Sagit Manor noted a record organic growth of 62,000 managed and connected devices. Full-year 2024 guidance projects revenue between $325-335 million (38% YoY growth) and adjusted EBITDA of $30-35 million (over 266% YoY growth).

Nayax announced a strategic partnership with ASO Vending, Slovakia's largest vending machine operator, to install thousands of contactless card readers on vending machines throughout the country. The partnership aims to double Nayax's active devices in Slovakia, with the devices being purchased through Nayax Capital. This collaboration will help ASO Vending increase revenue and reduce operational costs, positioning them as market leaders in the vending industry.