Payoneer Global Inc. Stock Price, News & Analysis

Payoneer (NASDAQ: PAYO) has appointed John Caplan as co-CEO alongside Scott Galit, effective immediately. This leadership transition will continue until the end of 2023, when Caplan will become the sole CEO. Galit will retain a strategic role overseeing regulated activities. Caplan, known for his success at Alibaba.com, aims to drive growth and expand Payoneer's product suite, focusing on customer-centric services in the digital economy. The Company's strong financial position and vast opportunities are highlighted as it seeks to enhance shareholder value.

Payoneer Global Inc. (NASDAQ: PAYO) announces participation in upcoming investor conferences. Scott Galit, CEO, and Michael Levine, CFO, will present at Needham’s 17th Annual Technology and Media Conference on May 19, 2022 at 3:00 pm ET, and at William Blair’s 42nd Annual Growth Stock Conference on June 9, 2022 at 2:10 pm ET. Interested parties can access presentations via Payoneer’s investor relations website.

Payoneer Global Inc. (NASDAQ: PAYO) reported a 36% increase in Q1 2022 revenue, reaching $137 million, driven by strong adoption of higher value services. Net income stood at $20.2 million compared to a net loss of $3.5 million a year earlier. Adjusted EBITDA rose to $10.4 million from $7.8 million. Notably, B2B AP/AR volumes surged 58%, highlighting growth potential. Payoneer raised its 2022 guidance, now estimating revenue between $550 million and $560 million, acknowledging resilient performance amid geopolitical challenges.

Payoneer (NASDAQ: PAYO) has launched Payoneer Checkout, expanding its services into direct-to-consumer payment acceptance for global eCommerce merchants. This initiative targets the growing DTC market, projected to reach $175 billion in the US and $100 billion in India by 2025. The new service simplifies payment processes, allowing small to medium businesses to manage funds and gain access to working capital. Currently available in the Asia-Pacific region, Payoneer Checkout will gradually expand worldwide.

Payoneer Global Inc. (NASDAQ: PAYO) is set to announce its first quarter 2022 financial results on May 12, 2022, post-market close. A conference call and earnings webcast will follow at 5:00 p.m. ET to discuss the results. Investors can access the live event and replay via the Payoneer Investor Relations website at investor.payoneer.com. Payoneer has established itself as a leader in digital commerce, facilitating global payments for businesses since 2005.

Payoneer (NASDAQ: PAYO) announced the winners of its sixth annual Entrepreneurship Awards, recognizing outstanding digital entrepreneurs from Australia, India, Israel, Mexico, and China. Notably, women secured 60% of the awards among 4,315 entrants from 170 countries. The winners include Candice Deepler (Disruptor of the Year), Archana Garodia Gupta (Socially Responsible Business of the Year), Lior Pozin (eCommerce Business of the Year), Guadalupe Rincón (Freelance Business of the Year), and Wen Xu (Entrepreneur of the Year). The awards celebrate creativity and sales growth in the digital economy.

Payoneer Global Inc. (NASDAQ: PAYO) reported a 47% increase in Q4 2021 revenue, reaching $139.2 million, up from $94.7 million in 2020. The net loss widened to $18.9 million, compared to $11.2 million in 2020. Adjusted EBITDA improved to $13.5 million from a loss of $0.8 million. For the full year, revenues rose 37% to $473.4 million. The company's B2B AP/AR volume grew over 75% year-over-year. Guidance for 2022 projects revenues between $530 million and $540 million, with Adjusted EBITDA expected to be between $(25) million and $(35) million.

Payoneer Global Inc. (NASDAQ: PAYO) has announced its participation in two upcoming virtual investor conferences. On March 10, 2022, CEO Scott Galit and CFO Michael Levine will present at Wolfe’s FinTech Forum at 10:25 am ET. Following that, on March 21, 2022, they will participate in Bank of America’s Electronic Payments Symposium at 9:15 am ET. Webcasts and replays will be accessible via the Company's investor relations website.

Payoneer powers payments and growth for businesses operating in the global economy, providing technology and connections for success.

Payoneer Global Inc. (NASDAQ: PAYO) will announce its fourth quarter and full year 2021 financial results on March 3, 2022, after market close. A conference call and earnings webcast will follow at 4:30 p.m. Eastern Time. Investors can access the live webcast and replay on the Payoneer Investor Relations website. Since 2005, Payoneer has positioned itself as a leader in digital commerce, providing borderless payment solutions to businesses and fostering growth in the global economy.