Shares of Nayax Ltd (NYAX, Financial) fell 3.17% in mid-day trading on Oct 2. The stock reached an intraday low of $24.57, before recovering slightly to $25.06, down from its previous close of $25.88. This places NYAX 19.13% below its 52-week high of $30.99 and 35.75% above its 52-week low of $18.46. Trading volume was 8,182 shares, 122.6% of the average daily volume of 6,674. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price for Nayax Ltd (NYA ...

Core Insights - Nayax Ltd. and Adyen have formed a long-term strategic partnership to enhance cashless payment technology for businesses in the Electric Vehicle (EV) charging and automated self-service sectors [1][2] - The partnership will integrate Nayax's end-to-end payment and loyalty platform into Adyen's global platform, facilitating Nayax's expansion into new regions such as Latin America and APAC while reducing operational costs [2][3] Company Overview - Nayax is a global commerce enablement platform that provides cashless payment acceptance, management tools, and loyalty solutions, aiming to help merchants scale their businesses [5] - As of June 30, 2024, Nayax operates 11 global offices, employs approximately 1,100 staff, and connects with over 80 merchant acquirers [5] - Adyen is a leading financial technology platform that offers end-to-end payment capabilities and works with major companies like Meta, Uber, and Microsoft [6] Partnership Details - The partnership will introduce a unique global omni-channel payment service specifically designed for EV Charge Point Operators (CPOs), addressing operational challenges related to payment reconciliation [3][4] - Nayax's existing payment processing devices and software are already utilized by many of the largest CPOs globally [3] - The collaboration is expected to significantly enhance Nayax's growth in e-commerce, starting with the EV charging sector and potentially expanding into other verticals [4]

HERZLIYA, Israel, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement payments and loyalty platform designed to help merchants scale their business, and A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, today announced a strategic partnership to pair Nayax's convenient automated self-service retail mobile payment system with A2Z Cust2Mate's innovative smart cart platform for smart retail stores. ...

Nayax (NYAX) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -300%. A quarter ago, it was expected that this financial technology company would post a loss of $0.02 per share when it actually produced a loss of $0.15, delivering a surprise of -650%. Over the last four quarters, the company h ...

Financial Performance - Total revenue for Q1 2024 was $64 million, representing a 22% increase year-over-year[4] - Recurring revenue grew by 43% year-over-year, accounting for 72% of total revenue[6] - Adjusted EBITDA for the quarter was $3.6 million, a significant improvement from an adjusted EBITDA loss of $0.6 million in the previous year[6] - Gross margins improved to 43.8%, up from 34.1% in Q1 2023, driven by better hardware margins[6] - For the three months ended March 31, 2024, revenues increased to $63,962 thousand, up from $52,410 thousand in the same period of 2023, representing a growth of approximately 22.5%[36] - Gross profit for the same period was $27,987 thousand, compared to $17,875 thousand in 2023, indicating a significant increase of approximately 56.5%[36] - The net loss for the period was $4,956 thousand, a decrease from a loss of $5,527 thousand in the prior year, reflecting an improvement of about 10.3%[36] - For Q1 2024, the company reported a loss of $4,956,000, an improvement from a loss of $5,527,000 in Q1 2023, representing a 10.3% reduction in losses[48] - Adjusted EBITDA for Q1 2024 was $3,582,000, compared to a negative $641,000 in Q1 2023, indicating a significant turnaround[48] Customer Growth - The number of managed and connected devices increased by 44% year-over-year, reaching 1,108,000[9] - The company added 4,000 new customers in the quarter, bringing the total customer base to over 76,000, a 46% increase year-over-year[9] - The dollar-based net retention rate remained high at 134%, reflecting strong customer satisfaction[3] Guidance and Future Outlook - Management reiterated full year 2024 revenue guidance of $325 million to $335 million, indicating over 38% year-over-year growth[10] - The company cannot provide expected 2024 net income due to uncertainties beyond its control, which could significantly impact IFRS financial results[28] Assets and Liabilities - Total assets as of March 31, 2024, were $403,878 thousand, an increase from $323,859 thousand as of December 31, 2023, showing a growth of approximately 24.8%[34] - Cash and cash equivalents rose to $68,569 thousand from $38,386 thousand, marking an increase of approximately 78.7%[33] - The company reported a total current liabilities of $207,709 thousand, slightly up from $203,782 thousand in the previous year[34] - The total equity attributed to the parent company's shareholders increased to $158,187 thousand from $97,590 thousand, reflecting a growth of approximately 62%[34] Expenses and Costs - Operating loss was reduced to $2.8 million, compared to an operating loss of $5.2 million in the previous year[6] - Total adjustments to reconcile net loss to net cash provided by operations were $5,096,000 for Q1 2024, down from $6,412,000 in Q1 2023[45] - Depreciation and amortization expenses increased to $4,518,000 in Q1 2024 from $2,631,000 in Q1 2023, reflecting a 71.7% increase[48] - Finance expenses, net, increased to $2,388,000 in Q1 2024 from $78,000 in Q1 2023, indicating a substantial rise in financing costs[48] - The company incurred non-recurring issuance costs of $128,000 related to its March 2024 underwritten U.S. public offering[48] Processing Activity - The company experienced a significant increase in payables related to processing activity, which rose by $25,953,000 in Q1 2024 compared to $16,415,000 in Q1 2023[45] - The increase in receivables from processing activity was $22,391,000 in Q1 2024, a significant rise compared to $2,361,000 in Q1 2023[45] Shareholder Information - The company issued ordinary shares worth $62,686 thousand during the three months ended March 31, 2024[41] - Adjusted EBITDA is utilized by the management and board of directors to evaluate operating performance, providing useful information for understanding operating results[23] - The company reported a tax benefit of $239,000 in Q1 2024, contrasting with an income tax expense of $259,000 in Q1 2023[48] Acquisitions - Nayax successfully closed the acquisition of Roseman Engineering and VMtecnologia, expanding its market presence and product offerings[11]

Total revenue of $78.1 million, up 39% year-over-year; Improved profitability with gross margins of 44.3%; return to operating profit with adjusted EBITDA of $8.1 million (1); Reiterates full year 2024 guidance: revenue between $325-335 million and adjusted EBITDA between $30-35 million (2) HERZLIYA, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX, TASE: NYAX), a global commerce payments and loyalty platform designed to help merchants scale their business, today announced its financial re ...

Company Overview - Nayax Ltd. is a global commerce enablement, payments, and loyalty platform designed to assist merchants in scaling their businesses [7][14] - The company offers a comprehensive solution that includes localized cashless payment acceptance, a management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time [7][14] Upcoming Earnings Release - Nayax will release its second quarter 2024 earnings results before the US market opens on August 7, 2024 [1] - The conference call in English will take place at 8:30 a.m. Eastern Time, with a second call in Hebrew at 9:30 a.m. Eastern Time on the same day [10][12] - Participants are encouraged to pre-register for the conference call to gain immediate access [2][6] Company Leadership - The conference calls will feature Yair Nechmad, Chief Executive Officer, and Sagit Manor, Chief Financial Officer [11]

Nayax is a global leader in EV charging solutions, with more than seven years of specialized experience working with leading charging station operators and manufacturers worldwide. About Nayax Investor Relations Contact: Aaron Greenberg, CSO aarong@nayax.com The EV cloud payment solution is being released by Nayax Energy, the company's energy and mobility division, which also offers payment devices, software and EV charging solutions for street parking, parking garages, gas stations, hotels, shopping center ...

"The current EV charging payments infrastructure is inefficient and cumbersome for drivers and EV charging station operators alike," said Yair Nechmad, CEO and Chairman, Nayax. "In order to accelerate the adoption of EVs worldwide, we need to provide drivers with a convenient charging experience, and that includes a seamless and fast way to pay for the charge. The payments part of the EV charging infrastructure is critical, and that's why we're spearheading a cloud-based EV charging payments solution." The ...

HERZLIYA, Israel, June 20, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE; NYAX), a leading global commerce enablement, payments, and loyalty platform designed to help merchants scale their business, today announced that its VPOS Touch card reader won the Best Payment System award from The Vendies, an annual UK-based vending industry award. Nayax's VPOS Touch helps operators stay on top of their business 24/7 via telemetry technology that communicates with a vending management system and app. Opera ...