Nayax Provides Q4 and FY 2022 Preliminary Revenue and KPI Data
Nayax Ltd. (NYSE: NYAX) announced plans to release its Q4 and FY 2022 financial results on March 1, 2023. CEO Yair Nechmad highlighted 48% revenue growth in Q4 compared to the previous year, with strong transaction processing volume growth of 53%. The full-year revenue is expected between $173 million and $174 million, reflecting a 46% increase from 2021. Recurring revenue now constitutes 60% of total revenue. A total of approximately 725,000 managed devices and 47,000 customers were reported, marking annual increases of 40% and 57% respectively.
- Q4 2022 revenue growth of 48% YOY.
- Q4 transaction processing volume increased by 53%.
- Full-year 2022 revenue projected at $173 million to $174 million, up 46% YOY.
- Recurring revenue now represents 60% of total revenue.
- Managed devices increased to approximately 725,000, a 40% increase YOY.
- Customer base grew to approximately 47,000, a 57% increase YOY.
- None.
Plans to Announce Q4 and FY 2022 Financial Results on Wednesday March 1, 2023
HERZLIYA, Israel, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq & TASE: NYAX), a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, and enhance consumer loyalty and conversion, today announced that it will release its Q4 and fiscal year 2022 financial results on Wednesday, March 1, 2023. Details of the calls can be found below.
“Nayax’s fourth quarter results capped off an outstanding fiscal year 2022, with broad-based growth driven by the team’s focused execution of our top strategic growth initiatives, particularly capturing greenfield opportunities in the unattended market, deepening our existing customer relationships, while significantly expanding new customers and growing our market presence internationally " said Yair Nechmad, Chief Executive Officer and Chairman of the Board. “Highlights of our fourth quarter results include preliminary revenue growth of
- Q4 revenue is expected to be between
$50.5 million to$51.5 million and full year of 2022 is expected to be between$173 million to$174 million . For all Q4 2022 and full year 2022 revenue calculations, the mid-point of the preliminary revenue range was taken, representing$51.0 million in the total revenues for Q4 2022 and$173.5 in total revenues for full year 2022.
| Q4 2022 | Q4 2021 | YoY/ % | Q4 2022 | Q3 2022 | QoQ/ % | Total 2022 | Total 2021 | Yearly/ % | ||||||||||
| Recurring Revenue ($M) (*) | | | | | | | | | | |||||||||
| POS Devices Revenue ($M) (**) | | | | | | | | | | |||||||||
| Total Revenue ($M) | $51.0 | $34.4 | | $51.0 | $47.2 | | $173.5 | $119.1 | | |||||||||
(*) Recurring Revenue is comprised of SaaS revenue and payment processing fees.
(**) POS devices Revenue includes revenues that are derived from the sales of our hardware products.
- Number of Managed and Connected Devices was approximately 725,000, an increase of
40% over Q4 2021.
| As of Dec 31, 2022 | As of Dec 31, 2021 | YoY/ % | As of Dec 31, 2022 | As of Sep 30, 2022 | QoQ/ % | ||
| # Of Managed and Connected Devices | 725,000 | 517,000 | 208,000 / | 725,000 | 685,000 | 40,000 / |
- Number of Customers grew to approximately 47,000, an increase of
57% over Q4 2021.
| As of Dec 31, 2022 | As of Dec 31, 2021 | YoY/ % | As of Dec 31, 2022 | As of Sep 30, 2022 | QoQ/ % | ||
| # Of Customers | 47,000 | 30,000 | 17,000 / | 47,000 | 42,000 | 5,000 / |
- The number of Processed Transactions during Q4 2022 was approximately 378 million, an increase of
53% over Q4 2021. Total Year Processed Transactions were 1,304 million, an increase of64% over 2021.
| Q4 2022 | Q4 2021 | YoY/ % | Q4 2022 | Q3 2022 | QoQ/ % | Total 2022 | Total 2021 | Yearly/ % | |||
| Processed Transactions Volume (M) | 378M | 247M | 131M / | 378M | 341M | 37M / | 1,304M | 795M | 509M / |
Conference Call/Webcast
Nayax will host two conference calls/webcasts on March 1, 2023, the first in English and the second in Hebrew, to discuss fourth quarter and full-year 2022 results. The call in English will be held at 8:30 a.m. Eastern Time, 3:30 p.m. Israel Time and 5:30 a.m. Pacific Time, followed by the conference call in Hebrew at 9:30 a.m. Eastern Time, 4:30 p.m. Israel time and 6:30 a.m. Pacific Time. Participating on the calls/webcasts will be Yair Nechmad, Chief Executive Officer and Sagit Manor, Chief Financial Officer.
The conference call/webcast in English will be held at 8:30 a.m. Eastern Time, 3:30 p.m. Israel Time and 5:30 a.m. Pacific Time on March 1, 2023:
For the call/webcast in English, we encourage participants to pre-register using the link below. Those who pre-register will be given a unique PIN to gain immediate access to the call, bypassing the live operator. Participants may pre-register any time, including up to and after the call/webcast start time. You will immediately receive an online confirmation, an email with the dial in number and a calendar invitation for the event.
To pre-register, go to:
For those who are unable to pre-register, kindly join the conference call/webcast by using one of the dial-in numbers or clicking the webcast link below.
U.S. TOLL-FREE: 1-855-327-6837
ISRAEL TOLL-FREE: 1-809-458-327
INTERNATIONAL TOLL-FREE: 1-631-891-4304
WEBCAST LINK:
https://viavid.webcasts.com/starthere.jsp?ei=1590690&tp_key=eb39980e6f
Participants may also register and join the conference call/webcast by visiting the Events section of the Nayax website, found here: Events
Following the conference call, a replay will be available until March 15, 2023. To access the replay, please dial one of the following numbers:
Replay TOLL-FREE: 1-844-512-2921
Replay TOLL/INTERNATIONAL: 1-412-317-6671
Replay Pin Number: 10020917
An archive of the conference call will be available on Nayax's Investor Relations website Nayax - Investor Relations
The conference call/webcast in Hebrew will be held at 9:30 a.m. Eastern Time, 4:30 p.m. Israel Time and 6:30 a.m. Pacific Time on March 1, 2023:
To access, go to:
https://us02web.zoom.us/webinar/register/WN_AogJFqwlQ2C2Ap7heUdPrw
ABOUT NAYAX
Nayax is a global commerce enablement and payments platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and consumer engagement tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers' growth across channels. Today, Nayax has 9 global offices, over 800 employees, connections to more than 80 merchant acquirer and payment method integrations and is a recognized payment facilitator worldwide.Nayax's mission is to improve our customers' revenue potential and operational ef ficiency. Visit www.nayax.com for more information.
Forward looking statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this registration statement can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. Forward-looking statements include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to of various factors, including, but not limited to: our expectations regarding general market conditions, including as a result of the COVID-19 pandemic and other global economic trends; general economic, political, demographic and business conditions in Israel; fluctuations in inflation and exchange rates in Israel; our ability to implement our growth strategy; the success of operating initiatives, including advertising and promotional efforts and new product and concept development by us and our competitors; our ability to compete and conduct our business in the future; changes in consumer tastes and preferences; the availability of qualified personnel and the ability to retain such personnel; changes in commodity costs, labor, distribution and other operating costs; changes in government regulation and tax matters; other factors that may affect our financial condition, liquidity and results of operations; and other risk factors discussed under “Risk Factors” in Amendment No. 1 to our Registration Statement on Form 20-F filed with the SEC on September 12, 2022 (our "Registration Statement"). The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. The forward- looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These statements are only estimates based upon our current expectations and projections about future events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. In particular, you should consider the risks provided under “Risk Factors” in our Registration Statement. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Each forward-looking statement speaks only as of the date of the particular statement. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
Investor Relations Contact:
ICR, Inc.
ir@nayax.com
FAQ
When will Nayax announce its Q4 and FY 2022 financial results?
What is the expected revenue for Nayax in Q4 2022?
What was Nayax's revenue growth for FY 2022?
How many managed devices does Nayax have as of Q4 2022?
What percentage of Nayax's revenue is recurring?
