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 ...

The awards are distributed by a panel of judges across a variety of different industry categories. "We are incredibly proud of the complete solution we offer our customers and would like to thank our strong team at Nayax for the part they played in helping us achieve this award," says Lewis Zimbler, General Manager of Nayax UK. "Our advanced payment technology enables us to offer a seamless experience to end consumers, while making our merchants' lives easier while helping them grow their business." Forward ...

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 ...

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 ...