HERZLIYA, Israel, May 30, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement payments and loyalty platform designed to help merchants scale their business, today announced its participation at the William Blair Growth Conference in Chicago. Ms. Sagit Manor, Chief Financial Officer and Mr. Aaron Greenberg, Chief Strategy Officer, will present on Thursday, June 6, 2024 at 8:40 a.m. Chicago Time. Ms. Manor and Mr. Greenberg will also participate in one-on-one meetings ...

Nayax Nayax Q1 2024 Earnings Presentation May 15, 2024 Important Disclosure 2 • This presentation is intended to provide general information only and is not, and should not be considered, as an offer to purchase or sell the Company's securities, or a proposal to receive such offers. In addition, this presentation is not an offer to the public of the Company's securities. By attending or viewing this presentation, each attendee ("Attendee") agrees that he or she (i) has read this disclaimer, (ii) is bound by ...

Nayax (NYAX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -650%. A quarter ago, it was expected that this financial technology company would post a loss of $0.06 per share when it actually produced a loss of $0.10, delivering a surprise of -66.67%. Over the last four quarters, the company ...

Exhibit 99.1 Nayax Reports First Quarter 2024 Financial Results Strong first quarter with recurring revenue up 43% YoY; Total revenue of $64 million; Adjusted EBITDA of $3.6 million (1); Improving profitability with gross margins reaching 43.8% Reiterates full year 2024 guidance: revenue between $325-335 million, representing 38% YoY growth and adjusted EBITDA between $30-35 million, over 266% YoY growth (2) HERZLIYA, Israel, May 15, 2024 (Globe Newswire) – Nayax Ltd. (Nasdaq: NYAX, TASE: NYAX), a global co ...

Strong first quarter with recurring revenue up 43% YoY; Total revenue of $64 million; Adjusted EBITDA of $3.6 million (1); Improving profitability with gross margins reaching 43.8% Reiterates full year 2024 guidance: revenue between $325-335 million, representing 38% YoY growth and adjusted EBITDA between $30-35 million, over 266% YoY growth (2) HERZLIYA, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX, TASE: NYAX), a global commerce payments and loyalty platform designed to help merchants ...

Nayax devices will be supported by Jimark, Nayax's approved Distributor in Slovakia and the Czech Republic. "We started cooperating with Nayax last year and installed hundreds of their POS devices on our vending machines," says Mr. Robert Trgina, CEO at ASO Vending. "We found Nayax a true partner to grow our business and already experience increased revenue with lower operational costs. As a result, we decided to expand the cooperation and will equip most of our vending machines with thousands of their POS ...

HERZLIYA, Israel, May 06, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (NASDAQ:NYAX, TASE: NYAX))), a global commerce enablement payments and loyalty platform designed to help merchants scale their business, today announced its participation at The NAMA Show 2024, a conference for vending and convenience service industry professionals. The conference will take place from May 7-9 in Dallas, TX and is organized by the National Automatic Merchandising Association (NAMA). Nayax's senior leadership team will be present a ...

HERZLIYA, Israel, April 30, 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 it has completed its acquisition of VMtecnologia, a leading technology provider for the automated self-service industry in Brazil. This strategic acquisition, first announced in March, marks a significant step in Nayax's expansion into the Latin American market. By entering the Latin ...

Nayax (NYAX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual inve ...

Financial Performance - The company reported net losses of $15.9 million, $37.5 million, and $24.8 million for the years ended December 31, 2023, 2022, and 2021, respectively[47]. - The total revenue increased from $119 million in 2021 to $235 million in 2023, representing a compound annual growth rate (CAGR) of 41%[205]. - The company's gross profit rose from $48.1 million in 2021 to $88.3 million in 2023, achieving a CAGR of 35%[205]. - The dollar-based net retention rate was 144% as of December 31, 2023, compared to 131% in 2022 and 137% in 2021, indicating strong customer loyalty[204]. - The company has incurred and will continue to incur significant compliance costs due to U.S. and Israeli reporting requirements[152]. Customer Growth - The number of customers increased from approximately 14,000 in 2019 to approximately 72,000 as of December 31, 2023[49]. - As of December 31, 2023, the company served approximately 72,000 customers, up from 47,000 in 2022 and 30,000 in 2021, indicating significant growth in customer base[199]. Market Conditions and Competition - The company experienced significant revenue growth but faces uncertainties in sustaining or increasing this growth due to market conditions and competition[47]. - The company faces significant competition in the payment processing market, requiring constant updates to its services[41]. - Future revenue growth depends on the successful development and introduction of new solutions or technologies[55]. - The attractiveness of the company's payment processing services depends on its ability to integrate emerging payment technologies[56]. Operational Challenges - Operating expenses are expected to increase moderately over the next several years as the company hires additional personnel and expands its operations[48]. - The company relies on a limited number of suppliers for key components, exposing it to risks of shortages and price fluctuations[44]. - The global shortage of certain components has adversely affected gross profit rates from the sale of POS devices since Q3 2021[45]. - The company faces risks related to supply chain disruptions, including industrial accidents, natural disasters, and capacity constraints, which could negatively impact its financial condition and results of operations[60]. - The company relies on two manufacturers for the majority of its finished POS devices, and any disruption in these relationships could adversely affect customer demand and operational results[59]. Regulatory and Compliance Issues - The company is subject to substantial governmental and commercial regulations across its areas of activity, which could lead to significant regulatory consequences if not complied with[124]. - The company is licensed as an Electronic Money Institution (EMI) in the EU, requiring it to maintain initial capital of at least EUR 350,000 and comply with ongoing regulatory obligations[128]. - Compliance with evolving privacy and data protection regulations, such as the California Consumer Privacy Act (CCPA), may increase operational costs and legal risks[87]. - The company is currently under scrutiny from the ICA regarding its acquisition of OTI, which may result in material fines[125]. Cybersecurity and Data Protection - Information security failures could adversely affect the company’s reputation and financial condition, given its role in processing sensitive customer data[79]. - Cybersecurity threats include advanced persistent threats and sophisticated attacks, which may lead to unauthorized access to sensitive data[81]. - The company is exposed to risks from technical malfunctions and cyber-attacks that could disrupt its services and affect business results[101]. - The company operates under strict information security standards and employs advanced security technologies to protect sensitive information[80]. Strategic Initiatives and M&A - The company announced the acquisition of Retail Pro International for an implied enterprise value of $36.5 million, following a previous acquisition of On Track Innovation Ltd. for approximately $10 million[65]. - The company is actively engaged in M&A activities to expand its business, but such transactions may not achieve strategic objectives and could disrupt ongoing operations[64]. Economic and Geopolitical Factors - The company is currently affected by the ongoing war in Gaza, which may disrupt operations and financial results in material ways[176]. - The duration and implications of the war are uncertain, potentially impacting the company's business operations and financial condition[177]. - The war has led to negative macro-economic effects, including inflation and depreciation of the Shekel, which could materially impact business operations[179]. Intellectual Property and Legal Risks - Intellectual property protection is crucial for the company, as unauthorized use by competitors could harm its competitive position[109]. - The company may face significant financial and managerial resources expenditure in defending against intellectual property infringement claims[111]. - The company is exposed to potential liability for intellectual property infringement due to indemnity provisions in its agreements[123]. Future Outlook and Growth Potential - The total addressable market for software and payment processing solutions is estimated to be $3.6 billion by 2025, with potential growth to $9.0 billion in the long term[218][219]. - The global number of automated self-service machines is projected to grow at a CAGR of 6% from 2022 to 2025, with cashless penetration expected to increase from 24% in 2021 to approximately 41% by 2025[215]. - Micro market solutions are projected to see sales of $4.1 billion in 2022, an increase of 24.2% from 2021, highlighting growth in this segment[221].