Net 1 UEPS Technologies (UEPS) Misses Q2 EPS by 7c, Revenues Beat

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Go back to Net 1 UEPS Technologies (UEPS) Misses Q2 EPS by 7c, Revenues Beat

Net 1 Reports Second Quarter 2020 Results

February 6, 2020 4:05 PM EST

JOHANNESBURG, South Africa, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the second fiscal quarter ended December 31, 2019.

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... More