Yahoo Finance Lesaka Technologies Second Quarter 2023 Earnings: Beats Expectations
Lesaka Technologies (NASDAQ:LSAK) Second Quarter 2023 Results
Key Financial Results
Revenue: US$136.1m (up 337% from 2Q 2022).
Net loss: US$6.38m (loss narrowed by 48% from 2Q 2022).
US$0.11 loss per share (improved from US$0.22 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lesaka Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 2.3% from a week ago.
Risk Analysis
Be aware that Lesaka Technologies is showing 2 warning signs in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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