Lesaka to Host Webcast to Review Third Quarter 2025 Results JOHANNESBURG, April 08, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:, JSE: LSK) ("Lesaka" or the "Company") today announced it will release third quarter 2025 results after the U.S. market close on May 7, 2025. Lesaka management will host a presentation webcast on May 8, 2025, on at 8:00am EDT (2:00pm SAST), followed by a live question and answer session for analysts and investors. Webcast Registration Link to access the results webcast: Participants using the webcast will be able to submit questions during the...
Lesaka – Availability of materials for March 31, 2025 Investor Day JOHANNESBURG, March 28, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:, JSE: LSK) ("Lesaka" or the "Company") today announced that it has made four presentations available on its investor relations website to provide more in-depth information on the Company ahead of its upcoming Investor Day on March 31, 2025 at 9:00am EDT (3:00pm SAST). Investor Day Materials Lesaka has released four presentations designed to provide investors with an overview of the Company and more in-depth information on its business div...
Lesaka completes the acquisition of Recharger JOHANNESBURG, March 05, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced the completion of the acquisition of Recharger (Pty) Ltd (“Recharger”) on March 3, 2025. The purchase consideration of ZAR 507 million ($27 million) comprises ZAR 332 million ($18 million) in cash and ZAR 175 million ($9 million) in shares of Lesaka common stock, to be settled in two tranches. Lesaka extended a ZAR 43 million ($2 million) loan to Recharger at closing which was exclusively used to repa...
Lesaka to Host an Investor Day on March 31, 2025 JOHANNESBURG, March 03, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that the Company will host an Investor Day on March 31, 2025 at 9:00am EDT. The event will feature presentations from the senior leadership of Lesaka, who will provide an overview of the Company’s strategic vision, positioning and market opportunities as well as a more detailed description of its go-to-market strategies and solutions across its Consumer, Merchant and Enterprise divisions. Lesaka’s M...
Q2 2025 Results: Lesaka beats profitability guidance for Q2 2025, reaffirms FY2025 guidance and sets FY2026 profitability guidance JOHANNESBURG, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter of fiscal 2025 (“Q2 2025”). Q2 2025 performance: Revenue of $146.8 million (ZAR 2.6 billion) was at the upper end of our Revenue guidance and compares to $143.9 million (ZAR 2.7 billion) in Q2 2024.Net Revenue (a non-GAAP measure) of $77.1 million (ZAR 1.4 billion) was at the upper end of our Net Revenue guidanc...
Lesaka to Host Webcast and Conference Call to Review Second Quarter 2025 Results JOHANNESBURG, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release second quarter 2025 results after the U.S. market close on February 5, 2025. Lesaka management will host a presentation webcast and conference call on February 6, 2025, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results. Presentation webcast via Zoom:Link to access the results webcast: ...
Lesaka to acquire prepaid electricity submetering and payments business Recharger, expanding alternative payments offering JOHANNESBURG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding ordinary shares of Recharger (Pty) Ltd (“Recharger”), a South African prepaid electricity submetering and payments business. The purchase consideration of ZAR 507 million ($28 million translated at the average exchange rate of $1: ZAR 18.06...
Lesaka gets green light to launch Employee Share Ownership Plan JOHANNESBURG, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) shareholders voted on and approved the funding and issuance of shares to the Lesaka ESOP Trust at its annual general meeting. Lincoln Mali, CEO Southern Africa, said “We are very proud of the launch of our broad-based employee share ownership plan. Lesaka has been on a far-reaching transformation journey and our employees becoming shareholders is a significant and an important milestone for us.” The...
Lesaka Q1 2025 Results: Lesaka Continues Building Operational Momentum Achieving Revenue and Profitability Guidance JOHANNESBURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter of fiscal 2025 (“Q1 2025”). Q1 2025 performance: Revenue of $145.5 million (ZAR 2.6 billion) was at the mid-point of our revenue guidance and compares to $136.1 million (ZAR 2.5 billion) in Q1 2024.Operating loss of $0.05 million (ZAR 0.3 million) compares to operating income of $0.2 million (ZAR 4.2 million) in Q1 2024. The curren...
Bull Trap Still Brewing? The S&P 500 (SPX) continues to hold below 5783, which is the upper-end of an important target/resistance area (5670-5783) we have discussed since our 8/13/24 Compass, just after the SPX hit our 5100-5191 "expected pullback zone." 5670 was the prior all-time high set in July, while 5783 is 2% above 5670. The current "breakout" above 5670 is an extraordinarily weak one, which usually suggests a false breakout/bull trap is brewing; the SPX has spent nearly three weeks abov...
Lesaka to Host Webcast and Conference Call to Review First Quarter 2025 Results JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release first quarter 2025 results after the U.S. market close on November 6, 2024. Lesaka management will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results. Presentation webcast via Zoom:Link to access the results webcast: P...
Lesaka completes the acquisition of Adumo, cementing its position as the leading independent fintech in Southern Africa JOHANNESBURG, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced it has completed its acquisition of Adumo RF (Pty) Ltd (“Adumo”). The transaction was settled through the issuance of 17,279,803 shares of Lesaka’s common stock and a cash payment ZAR 232.2 million ($13.4 million), implying a total purchase consideration of ZAR 1.67 billion ($96.2 million) using Lesaka’s October 1, 2024, closing p...
Power REIT Receives Notice Resolving NYSE American Listing Standards Deficiency Old Bethpage, New York, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), today announced that it received a notice from the NYSE American LLC rescinding its letter dated September 3, 2024 (the “Deficiency Letter”). As previously disclosed, the Deficiency Letter stated that the Trust was not in compliance with the continued listing standards of the Exchange because the Trust was below compliance with Section 1003(a)(i) of the NYSE American Company Guide (th...
Lesaka achieves its profitability guidance for FY 2024 and provides significantly higher profitability guidance for FY 2025 JOHANNESBURG, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the fourth quarter (“Q4 2024”) and year ended June 30, 2024 (“FY 2024”). FY 2024 performance: Revenue increased 11% in South African Rand (“ZAR”)1 to $564.2 million (ZAR 10.6 billion).Operating income increased to $3.6 million (ZAR 67.3 million), compared to an operating loss of $15.3 million (ZAR 275.3 million) in FY 2023.Net loss impr...
Lesaka Technologies Announces Leadership Changes as it Strengthens Executive Management Team JOHANNESBURG, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced changes to augment its executive leadership team to align with the Company’s ambitious growth targets. These changes represent a significant step forward as Lesaka positions itself as a natural consolidator and leading fintech in Southern Africa. Executive Changes: Naeem Kola, currently Group Chief Financial Officer, will be appointed as Group Chief Ope...
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