Nayax Reaffirming FY23 Revenue On A Constant Currency Basis To Be In The Range Of $235M-$240M
Author: Benzinga Newsdesk | November 07, 2023 09:54am
Outlook:
Full-Year 2023 Outlook:
- Reaffirming revenue on a constant currency basis to be in the range of $235 million to $240 million, representing year-over-year growth of at least 35%.
- Reaffirming operating expenses to stay flat from Q4 2022 annualized run rate.
- Revising Adjusted EBITDA to a range between $4 to $7 million in FY 2023 from $3 to $7 million.
Full-Year 2023 Assumptions:
- Continued execution of strategic growth plans and benefits of secular trends in digital payments.
- Customer demand continues to be strong.
- Assumes no material changes in macroeconomic conditions.
The outlook provided above constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding "Forward-looking Statements" below.
We cannot reconcile expected 2023 Adjusted EBITDA to expected net income without unreasonable effort because certain items that impact net income and other reconciling metrics are out of our control and/or cannot be reasonably predicted at this time, which unavailable information could have a significant impact on our IFRS financial results.
Mid-Term Outlook:
- We are reaffirming our mid-term revenue outlook of 35% annual growth, driven by organic growth initiatives, with customer growth, market penetration and continued expansion of our integrated payments platform as well as our emerging growth engines and strategic M&A.
Long-Term Outlook:
- We are reaffirming our long-term outlook of 35% annual growth, driven by organic growth initiatives and strategic M&A.
- Our long-term gross margin target of 50% is driven by leasing options for IoT POS, growing SaaS revenue and payment processing fees along with services offering through our emerging growth initiatives.
- Our long-term Adjusted EBITDA margin target is 30%.
Posted In: NYAX
