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].

Exhibit 99.1 Nayax Reports Record Fourth Quarter and Full Year 2023 Financial Results Full year revenue reached $235.5 million, representing 36% YoY growth; recurring revenue up 44% YoY Positive full year cash flow from operations – $8.8 million 2024 full year revenue guidance of $325-335 million, representing 38%+ YoY growth; 2024 full year adjusted EBITDA guidance of $30-35 million(1) HERZLIYA, Israel, February 28, 2024 (Globe Newswire) – Nayax Ltd. (Nasdaq: NYAX, TASE: NYAX), a global commerce payments a ...

Exhibit 99.1 Nayax Reports Third Quarter 2023 Financial Results Revenue Grew to $60.3 Million Driven by Recurring Revenue Growth of 48% YoY Net Income (Loss) Improved by almost $7 Million Compared to Q3 2022 Reaffirms FY 2023 Revenue Outlook and YoY Growth of at Least 35% Raises Lower End of FY 2023 Earnings Guidance Range HERZLIYA, Israel, November 7, 2023 (Globe Newswire) – Nayax Ltd. (Nasdaq, TASE: NYAX), a global commerce enablement, payments and loyalty platform designed to enable retailers to provide ...

Exhibit 99.1 Nayax Reports Second Quarter 2023 Financial Results Revenue Grew 36% Year-Over-Year to $56.2 Million Recurring Revenue Grew 43% Year-Over-Year Reaffirms: FY 2023 Revenue; YoY Growth of at least 35%; Earnings Outlook HERZLIYA, Israel, August 9, 2023 (Globe Newswire) – Nayax Ltd. (Nasdaq, TASE: NYAX), a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, and enhance consumer loyalty and conversi ...

Financial Performance - Total revenue for Q1 2023 reached $52.4 million, representing a 54% increase year-over-year[4] - Total revenues for Q1 2023 were $52,410,000, representing a 53.7% increase from $34,132,000 in Q1 2022[34] - Gross profit reached $17.9 million, reflecting a 37% increase year-over-year[8] - Gross profit for Q1 2023 was $17,875,000, up from $13,093,000 in Q1 2022, indicating a gross margin improvement[34] - The company reported a loss for the period of $5,527,000 in Q1 2023, a significant reduction from the loss of $9,780,000 in Q1 2022[34] Revenue Composition - Recurring revenue from monthly SaaS and payment processing fees grew 44%, accounting for 62% of total revenue in Q1 2023[4] - Total transaction value increased by 63% to $796 million, with the number of processed transactions growing by 52% to 410 million[11] Customer Metrics - The net retention rate increased to 141%, indicating high customer satisfaction and loyalty[11] - The number of managed and connected devices rose by 39% to 769,000, with 44,000 new devices added in the quarter[11] Operational Efficiency - Adjusted EBITDA improved to a negative $0.6 million, an increase of $2.7 million compared to negative $3.3 million in Q1 2022[8] - Adjusted EBITDA improved to $(645,000) in Q1 2023 from $(3,265,000) in Q1 2022, indicating a positive trend in operational performance[46] - Operating loss for Q1 2023 was $5.2 million, an improvement from an operating loss of $8.9 million in the previous quarter[8] - Operating loss decreased to $5,190,000 in Q1 2023 from $8,872,000 in Q1 2022, reflecting improved operational efficiency[34] Cash Flow and Assets - Net cash provided by operating activities was $885,000 in Q1 2023, compared to a net cash used of $2,946,000 in Q1 2022[39] - Total assets increased to $248,276,000 as of March 31, 2023, from $230,488,000 as of March 31, 2022, showing growth in the company's asset base[32] - Cash and cash equivalents at the end of Q1 2023 were $33,212,000, down from $64,752,000 at the end of Q1 2022[39] Liabilities and Deficits - Current liabilities rose to $134,572,000 in Q1 2023, up from $110,207,000 in Q1 2022, primarily due to increased payables in respect of processing activity[32] - The accumulated deficit increased to $(60,286,000) as of March 31, 2023, compared to $(56,550,000) a year earlier[32] Outlook - The company reaffirmed its FY 2023 revenue outlook and raised its earnings outlook, aiming for profitability instead of breakeven[3] - Operating expenses decreased by 5% from Q4 2022 to $22.7 million, demonstrating effective cost management[8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Exhibit 99.1 Nayax Reports Fourth Quarter and Full Year 2022 Financial Results Revenue Grew 48% Year-Over-Year to $51 Million Recurring Revenue Grew 42% Year-Over-Year Provides 2023 Outlook and Reaffirms Mid and Long-Term Targets HERZLIYA, Israel, March 1, 2023 -- Nayax Ltd. (Nasdaq & TASE: NYAX), a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, and enhance consumer loyalty and conversion, today annou ...

HERZLIYA, Israel, November 16, 2022 -- Nayax Ltd. (Nasdaq & TASE: NYAX), a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, and enhance consumer loyalty and conversion, today announced its financial results for the third quarter ended September 30, 2022. "We delivered outstanding results in the third quarter, with revenue growth of 53% over the prior year quarter, reaching a record high that was driven ...