Lesaka Technologies Sees Q2 Revenue ZAR 2.65B - ZAR 2.75B; FY24 Revenue ZAR 10.7B - ZAR 11.7B

Author: Benzinga Newsdesk | November 07, 2023 08:38pm

Outlook for the Second Quarter 2024 ("Q2 2024") and Full Fiscal Year 2024 ("FY 2024")

While we report our financial results in USD, we measure our operating performance in ZAR, and as such we provide our guidance accordingly.

For Q2 2024, the quarter ending December 31, 2023, we expect:

• Revenue between ZAR 2.65 billion and ZAR 2.75 billion.
• Group Adjusted EBITDA between ZAR 170 million and ZAR 180 million.

We re-affirm our outlook for FY 2024, the year ending June 30, 2024. We expect:

• Revenue between ZAR 10.7 billion and ZAR 11.7 billion.
• Group Adjusted EBITDA between ZAR 680 million and ZAR 740 million.

Management has provided its outlook regarding Group Adjusted EBITDA, which is a non-GAAP financial measure and excludes certain charges. Management has not reconciled this non-GAAP financial measure to the corresponding GAAP financial measure because guidance for the various reconciling items is not provided. Management is unable to provide guidance for these reconciling items because they cannot determine their probable significance, as certain items are outside of the company's control and cannot be reasonably predicted since these items could vary significantly from period to period. Accordingly, reconciliations to the corresponding GAAP financial measure is not available without unreasonable effort.

Posted In: LSAK