Net 1 UEPS Technologies (UEPS) Tops Q3 EPS by 3c

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Go back to Net 1 UEPS Technologies (UEPS) Tops Q3 EPS by 3c

Net 1 Reports Third Quarter 2022 Results

May 10, 2022 4:05 PM EDT

JOHANNESBURG, South Africa, May 10, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the third fiscal quarter ended March 31, 2022.

Highlights:

Revenue increased to $35.2 million, up 27% in rand terms and 22% in dollar terms, underpinned by stronger merchant revenue;After normalizing for $5.9 million of once off restructuring fees, Segment Adjusted EBITDA (before corporate/eliminations) improved to $0.3 million income from a $10.7 million loss in the comparable quarter, driven by increased revenue in our merchant segment and continued execution on cost... More