Net 1 UEPS Technologies (UEPS) Reports In-Line Q1 EPS, Revenues Beat

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Net 1 Reports First Quarter 2020 Results

November 7, 2019 4:05 PM EST

JOHANNESBURG, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the first fiscal quarter ended September 30, 2019.

Q1 2020 Highlights:

Revenue of $80.8 million, GAAP EPS of $(0.08) and Fundamental EPS of $(0.02);Operating loss of $2.7 million and adjusted EBITDA of $2.8 million;South African operations remained stable and KSNET operating and EBITDA margin improved further versus Q4 2019;Exercised option to acquire an additional 35% of... More