Payments

Nayax boosts Q4, FY 2022 revenue, earnings results mixed

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March 1, 2023

Nayax Ltd., a commerce enablement and payments platform designed to help merchants scale their business, lifted its Q4 and FY 2022 revenue, improving its quarterly loss but extending its yearly loss, according to an earnings release.

Highlights include:

• Company revenue jumped 48%, from $34.4 million in Q4 2021 to $50.9 million in the quarter ending Dec. 31, 2022.
• Net loss improved from $9.9 million to $7.5 million in the comparative quarters.
• Loss per diluted share improved from 30.5 cents to 22.9 cents.
• Recurring revenue rose 32%, from $9.7 million to $12.8 million.
• Payment processing fees rose 51.4%, from $11.1 million to $16.8 million in the comparative quarters.
• POS device revenue rose 56.6%, from $13.6 million to $21.3 million.
• The company expanded its customer base, adding 5,000 new customers globally for a total 47,000 customers, an increase of 60%.
• Total transaction value rose 59%, from $428 million to $891 million.
• The company added 40,000 managed and connected devices for a total of 725,000 devices.
• Full-year revenue rose from $119.13 million to $175.51 million in the comparative years.
• Full-year loss rose from $24.77 million to $37.5 million.
• Full-year loss per share rose from 82 cents to $1.14.

Shares traded at $19.60 today against a 52-week range of $17.59 to $37.07.

"For Q4 and full year 2022, we grew revenues by 48% and 46%, respectively, over the same periods in 2021, which continued to be driven primarily by our organic growth initiatives and our high recurring revenues, which accounted for 60% of total revenue in 2022," Yair Nechmad, CEO and board chairman at Nayax Ltd., said in the press release. "We expanded our diverse customer base across our global footprint to end 2022 with a total of 47,000 customers, an increase of 60% over 2021."