Net 1 Reports Second Quarter 2020 Results
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Net 1 UEPS Technologies (UEPS) Misses Q2 EPS by 7c, Revenues Beat
February 6, 2020 4:43 PM ESTNet 1 UEPS Technologies (NASDAQ: UEPS) reported Q2 EPS of ($0.10), $0.07 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $74.1 million versus the consensus estimate of $72.34 million.
Q2 2020 Highlights:
Revenue of $74.1 million, GAAP EPS of $(0.00) and Fundamental EPS of $(0.10);Operating loss of $(6.9) million and adjusted negative EBITDA of $(0.7) million;Signed agreement to sell KSNET for $237 million and disposed of FIHRST for $11.7 million;Board replenished share repurchase authorization to $100 million from $53 million.The sale of KSNET marks an important milestone in... More
