Payoneer (US:PAYO)2024-05-08 14:50Financial Performance & Growth - Payoneer's total revenue for 1Q'24 was $228 million, a 19% year-over-year increase[175] - Revenue excluding interest income and onboarding fees from an enterprise client is $163 million in 1Q'24, a 21% year-over-year increase[175] - Customer funds reached $5.9 billion as of March 31, 2024[71, 103] - The company earned $65 million in interest income on customer funds in 1Q'24[5] - Adjusted EBITDA margin for 2023 was 25%[24] Customer Base & Usage - Payoneer has 198 million active customers, including 530,000 active Ideal Customer Profiles (ICPs)[93] - Volume into the Payoneer network reached $66 billion in 2023[38] - Active ICPs increased by 8% year-over-year, reaching 530,000 in 1Q'24[160, 184] - SMBs that sell on marketplaces saw a volume of $11002 million in 1Q'24, a 13% year-over-year increase[183] Strategic Focus - The company is focused on its Ideal Customer Profiles (ICPs)[31] - Payoneer is optimizing operations and capital allocation[18] - The company is driving faster ICP growth in higher take rate regions[11]