New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 9.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Ankündigung • Apr 01
Lesaka Technologies, Inc. to Report Q3, 2026 Results on May 06, 2026 Lesaka Technologies, Inc. announced that they will report Q3, 2026 results on May 06, 2026 Recent Insider Transactions • Mar 08
Executive Chairman recently bought R2.5m worth of stock On the 4th of March, Ali Zaynalabidin-Haeri Mazanderani bought around 32k shares on-market at roughly R76.65 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth R6.3m. Ali Zaynalabidin-Haeri has been a buyer over the last 12 months, purchasing a net total of R22m worth in shares. Recent Insider Transactions • Feb 12
Executive Chairman recently bought R6.3m worth of stock On the 9th of February, Ali Zaynalabidin-Haeri Mazanderani bought around 91k shares on-market at roughly R69.37 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ali Zaynalabidin-Haeri has been a buyer over the last 12 months, purchasing a net total of R20m worth in shares. Reported Earnings • Feb 07
Second quarter 2026 earnings released: EPS: US$0.045 (vs US$0.41 loss in 2Q 2025) Second quarter 2026 results: EPS: US$0.045 (up from US$0.41 loss in 2Q 2025). Revenue: US$178.7m (up 1.4% from 2Q 2025). Net income: US$3.52m (up US$34.9m from 2Q 2025). Profit margin: 2.0% (up from net loss in 2Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 06
Lesaka Technologies, Inc. Provides Financial Guidance for the Third Quarter Ending March 31, 2026 and Reaffirms Financial Guidance for the Year Ending June 30, 2026 Lesaka Technologies, Inc. provided financial guidance for the third quarter ending March 31, 2026 and reaffirms financial guidance for the year ending June 30, 2026. For the third quarter, the company expects Net Revenue between ZAR 1.65 billion and ZAR 1.80 billion.
For the year, the company expects Net Revenue between ZAR 6.4 billion and ZAR 6.9 billion; Net Income Attributable to Lesaka to be positive. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Dec 16
Group CFO & Director recently bought R1.3m worth of stock On the 10th of December, Daniel Smith bought around 17k shares on-market at roughly R73.68 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of R1.7m worth in shares. Ankündigung • Dec 12
Lesaka Technologies, Inc. to Report Q2, 2026 Results on Feb 04, 2026 Lesaka Technologies, Inc. announced that they will report Q2, 2026 results After-Market on Feb 04, 2026 Ankündigung • Nov 07
Lesaka Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending December 31, 2025 and Reaffirms Earnings Guidance for the Year Ending June 30, 2026 Lesaka Technologies, Inc. provided earnings guidance for the second quarter ending December 31, 2025 and reaffirmed earnings guidance for the year ending June 30, 2026. For the quarter ending December 31, 2025, the company expected net revenue between ZAR 1.575 billion and ZAR 1.725 billion.
For the year ending June 30, 2026, the company reaffirmed net revenue between ZAR 6.4 billion and ZAR 6.9 billion. Net Income Attributable to Lesaka to be positive. Ankündigung • Oct 30
Lesaka Technologies, Inc., Annual General Meeting, Dec 08, 2025 Lesaka Technologies, Inc., Annual General Meeting, Dec 08, 2025. Location: president place, 6th floor, cnr. jan smuts avenue and bolton road, rosebank, johannesburg South Africa Ankündigung • Oct 07
Lesaka Technologies, Inc. to Report Q1, 2026 Results on Nov 05, 2025 Lesaka Technologies, Inc. announced that they will report Q1, 2026 results After-Market on Nov 05, 2025 Ankündigung • Sep 17
Lesaka Technologies, Inc. announced delayed annual 10-K filing On 09/16/2025, Lesaka Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Sep 12
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Ankündigung • Sep 12
Lesaka Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending September 30, 2025 and Year Ending June 30, 2026 Lesaka Technologies, Inc. provided earnings guidance for the first quarter ending September 30, 2025 and year ending June 30, 2026. For the quarter ending September 30, 2025, the company expects Net Revenue between ZAR 1.50 billion and ZAR 1.65 billion.
For the year ending June 30, 2026, the company expects Net Revenue between ZAR 6.4 billion and ZAR 6.9 billion and Net Income Attributable to Lesaka to be positive. Ankündigung • Jul 10
Lesaka Technologies, Inc. to Report Q4, 2025 Results on Sep 03, 2025 Lesaka Technologies, Inc. announced that they will report Q4, 2025 results After-Market on Sep 03, 2025 New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.5m net loss next year). Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Reported Earnings • May 09
Third quarter 2025 earnings released: US$0.27 loss per share (vs US$0.063 loss in 3Q 2024) Third quarter 2025 results: US$0.27 loss per share (further deteriorated from US$0.063 loss in 3Q 2024). Revenue: US$135.7m (down 1.8% from 3Q 2024). Net loss: US$22.1m (loss widened 470% from 3Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Ankündigung • May 08
Lesaka Technologies, Inc. Reaffirms Earnings Guidance for the Year Ending June 30, 2025 and Provides Earnings Guidance for the Year Ending June 30, 2026 Lesaka Technologies, Inc. reaffirmed earnings guidance for the year ending June 30, 2025 and provided earnings guidance for the year ending June 30, 2026. For the year 2025, the company expects Revenue between ZAR 10.0 billion and ZAR 11.0 billion. Net Revenue between ZAR 5.2 billion and ZAR 5.6 billion.
For the year 2026, the company expects Revenue between ZAR 11.4 billion and ZAR 12.2 billion. Net Revenue between ZAR 6.4 billion and ZAR 6.9 billion. Ankündigung • Apr 09
Lesaka Technologies, Inc. to Report Q3, 2025 Results on May 07, 2025 Lesaka Technologies, Inc. announced that they will report Q3, 2025 results After-Market on May 07, 2025 Recent Insider Transactions • Mar 26
Executive Chairman recently bought R1.9m worth of stock On the 24th of March, Ali Mazanderani bought around 22k shares on-market at roughly R86.37 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ali's only on-market trade for the last 12 months. Reported Earnings • Feb 07
Second quarter 2025 earnings released: US$0.40 loss per share (vs US$0.042 loss in 2Q 2024) Second quarter 2025 results: US$0.40 loss per share (further deteriorated from US$0.042 loss in 2Q 2024). Revenue: US$146.8m (up 2.0% from 2Q 2024). Net loss: US$32.1m (loss widened US$29.5m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 06
Lesaka Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending March 31, 2025 and Reaffirms Earnings Guidance for the Year Ending June 30, 2025 Lesaka Technologies, Inc. provided earnings guidance for the third quarter ending March 31, 2025 and reaffirmed earnings guidance for the year ending June 30, 2025. For the quarter, the company expected Revenue between ZAR 2.4 billion and ZAR 2.6 billion and Net Revenue between ZAR 1.3 billion and ZAR 1.5 billion.
For the year, the company expected Revenue between ZAR 10.0 billion and ZAR 11.0 billion and Net Revenue between ZAR 5.2 billion and ZAR 5.6 billion. New Risk • Feb 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Ankündigung • Dec 17
Lesaka Technologies, Inc. to Report Q2, 2025 Results on Feb 05, 2025 Lesaka Technologies, Inc. announced that they will report Q2, 2025 results on Feb 05, 2025 Ankündigung • Nov 15
Lesaka Technologies, Inc. Appoints S. Venessa Naidoo as Director Lesaka Technologies, Inc. announced election of S. Venessa Naidoo as Director, at the AGM held on November 14, 2024. Reported Earnings • Nov 09
First quarter 2025 earnings released: US$0.07 loss per share (vs US$0.089 loss in 1Q 2024) First quarter 2025 results: US$0.07 loss per share (improved from US$0.089 loss in 1Q 2024). Revenue: US$145.5m (up 6.9% from 1Q 2024). Net loss: US$4.54m (loss narrowed 16% from 1Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 07
Lesaka Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending December 31, 2024 and Fiscal Year Ending June 30, 2025 Lesaka Technologies, Inc. provided earnings guidance for the second quarter ending December 31, 2024 and fiscal year ending June 30, 2025. For the quarter, the company expected revenue to be between ZAR 2.4 billion and ZAR 2.6 billion.
For the year, the company expected revenue to be between ZAR 10.0 billion and ZAR 11.0 billion. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$7.8m net loss next year). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Ankündigung • Oct 08
Lesaka Technologies, Inc. to Report Q1, 2025 Results on Nov 06, 2024 Lesaka Technologies, Inc. announced that they will report Q1, 2025 results After-Market on Nov 06, 2024 Ankündigung • Oct 05
Lesaka Technologies, Inc. Announces Resignation of Directors Lesaka Technologies, Inc. announced that Messrs. Hamid, Meyer and Nkosi are not standing for re-election at the Annual Meeting. Mr. Hamid resigned effective September 30, 2024, and Messrs. Meyer and Nkosi resigned effective October 1, 2024. Ankündigung • Oct 03
Lesaka Technologies, Inc., Annual General Meeting, Nov 14, 2024 Lesaka Technologies, Inc., Annual General Meeting, Nov 14, 2024. Location: president place, 6th floor, cnr. jan smuts avenue and bolton road, rosebank,2196, johannesburg South Africa Ankündigung • Sep 12
Lesaka Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending September 30, 2024 and Fiscal Year Ending June 30, 2025 Lesaka Technologies, Inc. provided earnings guidance for the first quarter ending September 30, 2024 and fiscal year ending June 30, 2025. For the quarter, the company expected revenue to be between ZAR 2.5 billion and ZAR 2.7 billion.
For the year, the company expected revenue to be between ZAR 10.0 billion and ZAR 11.0 billion. New Risk • Aug 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.5m net loss next year). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Significant insider selling over the past 3 months (R9.0m sold). Ankündigung • Jul 18
Lesaka Technologies, Inc. to Report Q4, 2024 Results on Sep 04, 2024 Lesaka Technologies, Inc. announced that they will report Q4, 2024 results After-Market on Sep 04, 2024 New Risk • Jul 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.5m net loss next year). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Significant insider selling over the past 3 months (R9.0m sold). New Risk • Jun 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R6.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.5m net loss next year). Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Significant insider selling over the past 3 months (R6.9m sold). Ankündigung • May 10
Lesaka Technologies, Inc. Reaffirms Earnings Guidance for the Year 2024 Lesaka Technologies, Inc. reaffirmed earnings guidance for the year 2024. The company re-affirms revenue between ZAR 10.7 billion and ZAR 11.7 billion. Reported Earnings • May 09
Third quarter 2024 earnings released: US$0.06 loss per share (vs US$0.091 loss in 3Q 2023) Third quarter 2024 results: US$0.06 loss per share (improved from US$0.091 loss in 3Q 2023). Revenue: US$138.2m (up 3.2% from 3Q 2023). Net loss: US$4.05m (loss narrowed 28% from 3Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • May 08
Lesaka Technologies, Inc. (NasdaqGS:LSAK) agreed to acquire Adumo (RF) Pty Ltd from Apis Partners LLP, Apis Growth Fund I, L.P., International Finance Corporation, IFC Financial Institutions Growth Fund, LP, Adumo management and Crossfin Technology Holdings for ZAR 1.6 billion. Lesaka Technologies, Inc. (NasdaqGS:LSAK) signed a definitive agreement to acquire Adumo (RF) Pty Ltd from Apis Growth Fund I, a private equity fund managed by Apis Partners LLP, International Finance Corporation, IFC Financial Institutions Growth Fund, LP, Adumo management and Crossfin Technology Holdings for ZAR 1.6 billion on May 7, 2024. The consideration consists of ZAR 1.358 billion in common equity and ZAR 232 million in cash, funded by internal cash resources and external financing. The closing of the transaction is subject to customary closing conditions, including approval from the competition authorities of South Africa and Namibia, exchange control approval from the financial surveillance department of the South African Reserve Bank, Lesaka obtaining confirmation from FirstRand Bank Limited, Lesaka obtaining all necessary regulatory and shareholder approval,obtaining certain third-party consents. and approval of Adumo shareholders. The transaction is expected to close in the third calendar quarter of 2024. Rand Merchant Bank acted as financial advisor and Werksmans Attorneys Incorporating Jan S. de Villiers acted as legal advisor to Lesaka Technologies, Inc. (NasdaqGS:LSAK) and Webber Wentzel acted as legal advisor to Adumo (RF) Pty Ltd. Ankündigung • Mar 28
Lesaka Technologies, Inc. to Report Q3, 2024 Results on May 08, 2024 Lesaka Technologies, Inc. announced that they will report Q3, 2024 results After-Market on May 08, 2024 New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$9.4m net loss next year). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Reported Earnings • Feb 07
Second quarter 2024 earnings released: US$0.04 loss per share (vs US$0.11 loss in 2Q 2023) Second quarter 2024 results: US$0.04 loss per share (improved from US$0.11 loss in 2Q 2023). Revenue: US$143.9m (up 5.8% from 2Q 2023). Net loss: US$2.71m (loss narrowed 58% from 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • Feb 07
Lesaka Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending March 31, 2024 and Re-Affirms Earnings Guidance for the Year Ending June 30, 2024 Lesaka Technologies, Inc. provided earnings guidance for the third quarter ending March 31, 2024 and re-affirmed earnings guidance for the year ending June 30, 2024. For the third quarter, the company expects revenue between ZAR 2.7 billion and ZAR 2.8 billion.For the full fiscal year, the company expects revenue between ZAR 10.7 billion and ZAR 11.7 billion. Ankündigung • Feb 02
Lesaka Technologies, Inc. Announces Appointment of Gaelebale Gaele Manaka as Company Secretary Lesaka announce that Gaelebale 'Gaele' Manaka has joined the team as company secretary. Manaka brings with her a wealth of experience in the listed company secretarial environment from her previous positions at Growthpoint, Altron and Tsogo Sun over the past decade. Her proven track record of excellence in corporate governance reflects a steadfast commitment to fostering good governance practices and ensuring regulatory compliance. Her deep knowledge of King IV and The Companies Act, combined with her leadership skills, will ensure Lesaka develops and maintains best practice in corporate governance. Originally from Johannesburg, Manaka completed her studies at the University of South Africa, where she earned a Bachelor of Accounting Science degree. She also completed the CIS programme at The Chartered Governance Institute of Southern Africa and has recently completed her MBA. Ankündigung • Jan 09
Lesaka Technologies, Inc. to Report Q2, 2024 Results on Feb 06, 2024 Lesaka Technologies, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2024 Recent Insider Transactions • Dec 14
Independent Non-Executive Director recently bought R20m worth of stock On the 12th of December, Ali Mazanderani bought around 322k shares on-market at roughly R62.80 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R19m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 08
First quarter 2024 earnings released: US$0.09 loss per share (vs US$0.17 loss in 1Q 2023) First quarter 2024 results: US$0.09 loss per share (improved from US$0.17 loss in 1Q 2023). Revenue: US$136.1m (up 9.1% from 1Q 2023). Net loss: US$5.65m (loss narrowed 45% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 08
Lesaka Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending December 31, 2023 and Re-Affirms Earnings Guidance for the Year Ending June 30, 2024 Lesaka Technologies, Inc. provided earnings guidance for the second quarter ending December 31, 2023 and re-affirmed earnings guidance for the year ending June 30, 2024. For the quarter, the company expects revenue to be between ZAR 2.65 billion to ZAR 2.75 billion.For the full year, the company expects revenue to be between ZAR 10.7 billion to ZAR 11.7 billion. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Ankündigung • Oct 12
Lesaka Technologies, Inc. to Report Q1, 2024 Results on Nov 07, 2023 Lesaka Technologies, Inc. announced that they will report Q1, 2024 results After-Market on Nov 07, 2023 Ankündigung • Oct 02
Lesaka Technologies, Inc., Annual General Meeting, Nov 15, 2023 Lesaka Technologies, Inc., Annual General Meeting, Nov 15, 2023, at 09:00 US Eastern Standard Time. Location: principal executive offices located at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank Johannesberg South Africa Agenda: To elect twelve directors to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified; to ratify the selection of KPMG, Inc. as independent registered public accounting firm for the fiscal year ending June 30, 2024; to hold an advisory vote to approve executive compensation; to hold an advisory vote regarding whether an advisory vote on executive compensation will occur every one, two or three years; and to transact such other business and act upon any such other matters which may properly come before the annual meeting or any adjournment or postponement of the meeting. New Risk • Oct 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). New Risk • Sep 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Ankündigung • Sep 13
Lesaka Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending September 30, 2023 and Full Year Ending June 30, 2024 Lesaka Technologies, Inc. provided earnings guidance for the first quarter ending September 30, 2023 and full year ending June 30, 2024. For the first quarter, the company expects revenue between ZAR 2.50 billion and ZAR 2.55 billion.For the full year, the company expects revenue between ZAR 10.7 billion and ZAR 11.7 billion. Reported Earnings • Sep 13
Full year 2023 earnings released: US$0.56 loss per share (vs US$0.75 loss in FY 2022) Full year 2023 results: US$0.56 loss per share (improved from US$0.75 loss in FY 2022). Revenue: US$528.0m (up 137% from FY 2022). Net loss: US$35.1m (loss narrowed 18% from FY 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 11
Lesaka Technologies, Inc. to Report Q4, 2023 Results on Sep 12, 2023 Lesaka Technologies, Inc. announced that they will report Q4, 2023 results After-Market on Sep 12, 2023 Ankündigung • Jul 07
Lesaka Technologies, Inc. Appoints Venessa Naidoo as an Independent Non-Employee Director Lesaka Technologies, Inc. announced that it has appointed Ms. Venessa Naidoo as an independent non-employee director to its board as of July 1, 2023. Ms. Naidoo has been appointed as a member of the company’s audit committee. Ms. Naidoo brings a wealth of experience in finance, launching new technologies, managing rapid international growth, restructures, operating in emerging market economies and currencies, and delivering success in highly competitive environments. She is an experienced non-executive director and currently serves on the boards of both OUTsurance, a leading South African insurance company, and RFG Holdings Limited in South Africa. Ms. Naidoo is a Chartered Accountant (SA) and has completed the Harvard Business School and University of the Witwatersrand Senior Executive Programme. Recent Insider Transactions • May 18
Group CEO & Director recently bought R103k worth of stock On the 15th of May, Christopher Meyer bought around 2k shares on-market at roughly R68.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Reported Earnings • May 10
Third quarter 2023 earnings released: US$0.09 loss per share (vs US$0.058 loss in 3Q 2022) Third quarter 2023 results: US$0.09 loss per share (further deteriorated from US$0.058 loss in 3Q 2022). Revenue: US$134.0m (up 281% from 3Q 2022). Net loss: US$5.82m (loss widened 78% from 3Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • May 10
Lesaka Technologies, Inc. Provides Revenue Guidance for the Year 2023 Lesaka Technologies, Inc. provided revenue guidance for the year 2023. For the year, the company expects Revenue between ZAR 8.7 billion and ZAR 9.3 billion. Recent Insider Transactions • Mar 01
Director & CEO of Net1 Southern Africa recently sold R1.3m worth of stock On the 24th of February, Lincoln Mali sold around 16k shares on-market at roughly R82.70 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R6.9m more than they bought in the last 12 months. Reported Earnings • Feb 09
Second quarter 2023 earnings released: US$0.11 loss per share (vs US$0.22 loss in 2Q 2022) Second quarter 2023 results: US$0.11 loss per share (improved from US$0.22 loss in 2Q 2022). Revenue: US$136.1m (up 337% from 2Q 2022). Net loss: US$6.38m (loss narrowed 48% from 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 24% growth forecast for the IT industry in Africa. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 08
Lesaka Technologies, Inc. Provides Revenue Guidance for Third Quarter 2023 and for the Full Fiscal Year Ended June 2023 Lesaka Technologies, Inc. provided revenue guidance for Third Quarter 2023 and for the full fiscal year ended June 2023. ForQ3 2023, the company expects revenue between ZAR 2.5 billion and ZAR 2.8 billion.For full fiscal year ended June 2023, the company expects revenue between ZAR 8.7 billion and ZAR 9.3 billion. Ankündigung • Jan 18
Lesaka Technologies, Inc. Announces Departure of Alex Smith as Chief Accounting Officer Lesaka Technologies, Inc. announced that Mr. Alex M.R. Smith is leaving the Company to pursue other opportunities. Mr. Smith’s last day of employment will be March 01, 2023. During this notice period, Mr. Smith will assist the Company in consolidating the roles and responsibilities of Chief Accounting Officer (“CAO”) into the ambit of Lesaka’s highly experienced Finance team. Ankündigung • Jan 10
Lesaka Technologies, Inc. to Report First Half, 2023 Results on Feb 07, 2023 Lesaka Technologies, Inc. announced that they will report first half, 2023 results on Feb 07, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Independent Non-Employee Director Ekta Singh-Bushell is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
First quarter 2023 earnings released: US$0.17 loss per share (vs US$0.23 loss in 1Q 2022) First quarter 2023 results: US$0.17 loss per share (improved from US$0.23 loss in 1Q 2022). Revenue: US$124.8m (up 262% from 1Q 2022). Net loss: US$10.7m (loss narrowed 17% from 1Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 24% growth forecast for the IT industry in Africa. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 11
Full year 2022 earnings released: US$0.75 loss per share (vs US$0.67 loss in FY 2021) Full year 2022 results: US$0.75 loss per share (further deteriorated from US$0.67 loss in FY 2021). Revenue: US$222.6m (up 70% from FY 2021). Net loss: US$43.0m (loss widened 14% from FY 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
Third quarter 2022 earnings released: US$0.06 loss per share (vs US$0.11 loss in 3Q 2021) Third quarter 2022 results: US$0.06 loss per share (up from US$0.11 loss in 3Q 2021). Revenue: US$35.2m (up 22% from 3Q 2021). Net loss: US$3.33m (loss narrowed 46% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Independent Non-Employee Director Ekta Singh-Bushell is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Mar 19
Independent Non-Executive Director recently bought R911k worth of stock On the 16th of March, Monde Nkosi bought around 12k shares on-market at roughly R74.24 per share. In the last 3 months, there was an even bigger purchase from another insider worth R5.3m. Insiders have collectively bought R15m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 10
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: US$0.22 loss per share (down from US$0.08 loss in 2Q 2021). Revenue: US$31.1m (down 3.7% from 2Q 2021). Net loss: US$12.4m (loss widened 175% from 2Q 2021). Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 22
Group CEO & Director recently bought R5.3m worth of stock On the 20th of December, Christopher Meyer bought around 67k shares on-market at roughly R80.34 per share. In the last 3 months, they made an even bigger purchase worth R9.1m. Christopher has been a buyer over the last 12 months, purchasing a net total of R16m worth in shares. Recent Insider Transactions • Dec 17
Independent Non-Executive Director recently bought R11m worth of stock On the 15th of December, Monde Nkosi bought around 149k shares on-market at roughly R72.16 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R20m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 19
Group CEO & Director recently bought R635k worth of stock On the 12th of November, Christopher Meyer bought around 8k shares on-market at roughly R84.53 per share. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of R1.1m worth in shares. Reported Earnings • Nov 10
First quarter 2022 earnings released: US$0.23 loss per share (vs US$0.51 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: US$34.5m (down 1.8% from 1Q 2021). Net loss: US$13.0m (loss narrowed 55% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 15
Full year 2021 earnings released: US$0.67 loss per share (vs US$1.71 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: US$130.8m (down 13% from FY 2020). Net loss: US$38.1m (loss narrowed 60% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year. Executive Departure • Jun 19
Independent Non-Employee Chairman Jabulane Mabuza has left the company On the 16th of June, Jabulane Mabuza's tenure as Independent Non-Employee Chairman ended after 1.1 years in the role. As of March 2021, Jabulane still personally held 79.30k shares (R6.5m worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 01
Consultant has left the company On the 31st of May, Herman Kotze's tenure as Consultant ended after less than a year in the role. As of March 2021, Herman personally held 189.80k shares (R11m worth at the time). A total of 5 executives have left over the last 12 months. Reported Earnings • May 08
Third quarter 2021 earnings released: US$0.11 loss per share (vs US$0.77 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$28.8m (down 21% from 3Q 2020). Net loss: US$6.20m (loss narrowed 86% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Executive Departure • May 01
Managing Director of Southern Africa has left the company On the 30th of April, Nunthakumarin Pillay's tenure in the role of Managing Director of Southern Africa ended. As of December 2020, Nunthakumarin personally held 55.62k shares (R3.8m worth at the time). A total of 4 executives have left over the last 12 months. Recent Insider Transactions • Apr 02
Managing Director of Southern Africa recently sold R1.5m worth of stock On the 29th of March, Nunthakumarin Pillay sold around 18k shares on-market at roughly R82.94 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R513k more than they bought in the last 12 months. Recent Insider Transactions • Mar 27
Independent Non-Executive Director recently bought R13m worth of stock On the 25th of March, Monde Nkosi bought around 161k shares on-market at roughly R82.44 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R14m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Feb 22
New 90-day high: R89.40 The company is up 69% from its price of R53.00 on 24 November 2020. The South African market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 26% over the same period. Recent Insider Transactions • Feb 13
Independent Non-Employee Chairman recently bought R708k worth of stock On the 10th of February, Jabulane Mabuza bought around 10k shares on-market at roughly R71.77 per share. This was the largest purchase by an insider in the last 3 months. This was Jabulane's only on-market trade for the last 12 months. Reported Earnings • Feb 07
Second quarter 2021 earnings released: US$0.08 loss per share (vs US$0.052 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$32.3m (down 17% from 2Q 2020). Net loss: US$4.51m (loss widened 54% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue misses expectations Revenue missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 14%, compared to a 25% growth forecast for the IT industry in South Africa. Is New 90 Day High Low • Jan 28
New 90-day high: R76.03 The company is up 61% from its price of R47.27 on 30 October 2020. The South African market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 18% over the same period. Ankündigung • Jan 15
Net 1 UEPS Technologies, Inc. to Report Q2, 2021 Results on Feb 04, 2021 Net 1 UEPS Technologies, Inc. announced that they will report Q2, 2021 results After-Market on Feb 04, 2021 Is New 90 Day High Low • Dec 21
New 90-day high: R59.47 The company is up 18% from its price of R50.56 on 22 September 2020. The South African market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 20% over the same period. Recent Insider Transactions • Dec 17
Independent Non-Executive Director recently bought R5.6m worth of stock On the 15th of December, Monde Nkosi bought around 108k shares on-market at roughly R51.81 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R5.8m more in shares than they have sold in the last 12 months. Ankündigung • Dec 02
Net 1 UEPS Technologies, Inc. Appoints Two New Directors to its Board Net 1 UEPS Technologies, Inc. announced that it has appointed Messrs. Javed Hamid and Monde Nkosi as independent non-executive directors to its board effective December 1, 2020. Mr. Hamid is currently a senior advisor to the International Executive Service Corps and held various positions with the International Finance Corporation (“IFC”), a member of the World Bank Group, and a major shareholder in Net1, from 1979 through to 2006. Mr. Nkosi is an executive director of Value Capital Partners (“VCP”), which is a leading South African investment company and major shareholder in Net1. He was previously on the investment team of FFL Partners, a San Francisco-based private equity firm managing more than $2 billion. Prior to that, Mr. Nkosi was a management consultant at Bain & Company, focused on financial services and telecommunications clients across Sub-Saharan Africa. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 23%. Reported Earnings • Nov 07
First quarter 2021 earnings released: US$0.51 loss per share The company reported a poor first quarter result with increased losses and weaker revenues and control over expenses. First quarter 2021 results: Revenue: US$37.1m (down 54% from 1Q 2020). Net loss: US$29.0m (loss widened US$24.6m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.