Lesaka Technologies (NASDAQ:LSAK) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Lesaka Technologies (NASDAQ:LSAK) announced its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02), Yahoo Finance reports. Lesaka Technologies had a negative net margin of 4.41% and a negative return on equity of 13.73%. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. Lesaka Technologies updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Lesaka Technologies Stock Up 9.9 %

NASDAQ:LSAK opened at $5.00 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. Lesaka Technologies has a 12-month low of $3.00 and a 12-month high of $5.33. The stock’s fifty day simple moving average is $4.76 and its 200-day simple moving average is $4.45. The firm has a market capitalization of $318 million, a P/E ratio of -13.16 and a beta of 0.94.

Insider Activity at Lesaka Technologies

In related news, Director Christopher G.B. Meyer sold 71,479 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $4.63, for a total value of $330,947.77. Following the sale, the director now directly owns 675,868 shares in the company, valued at approximately $3,129,268.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 106,217 shares of company stock worth $496,322. 4.37% of the stock is owned by insiders.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.