Welcome to our dedicated page for Nayax news (Ticker: NYAX), a resource for investors and traders seeking the latest updates and insights on Nayax stock.
Nayax Ltd. provides a global commerce enablement, payments, and loyalty platform for merchants operating unattended and retail environments. Its news commonly covers cashless payment acceptance, operations management, Internet of Things software, point-of-sale devices, loyalty tools, and retail inventory capabilities used across vending, micro markets, self-service kiosks, laundromats, amusement, ticketing, car wash, and EV charging settings.
Recurring updates for NYAX include quarterly and annual results, transaction and connected-device metrics, product showcases for unattended retail and specialty retail, and partnerships that extend Nayax payment technology into EV charging networks, charging-management software, embedded payments, and card-present commerce.
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 $30-35 million (over 266% YoY growth).
Nayax announced a strategic partnership with ASO Vending, Slovakia's largest vending machine operator, to install thousands of contactless card readers on vending machines throughout the country. The partnership aims to double Nayax's active devices in Slovakia, with the devices being purchased through Nayax Capital. This collaboration will help ASO Vending increase revenue and reduce operational costs, positioning them as market leaders in the vending industry.
Nayax (NYSE: NYAX; TASE: NYAX) will showcase its cutting-edge payment and vending management technology at The NAMA Show 2024 in Dallas, TX from May 7-9. The event will feature Nayax's senior leadership team and highlight their innovative self-service payments solutions for various industries.
Nayax (NYSE: NYAX) has completed the acquisition of VMtecnologia, a leading technology provider for automated self-service in Brazil, marking a strategic move into the Latin American market. The deal includes an implied enterprise value of R$ 110 million BRL (~$22 million USD) and an earnout potentially bringing the total consideration to R$ 137.5 million BRL (~$27 million USD). Nayax financed the acquisition with available cash reserves. VMtecnologia's strong financial performance in 2023 includes about $8.5 million in revenue, with an 88% gross margin and EBITDA margin exceeding 30%. The integration of VMtecnologia into Nayax's ecosystem is expected to result in synergies enhancing revenue and operational efficiencies.
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