Nayax Ltd. Ordinary Shares - NYAX STOCK NEWS

Nayax (Nasdaq: NYAX, TASE: NYAX) reported strong financial results for Q1 2024, ending March 31, 2024. Total revenue hit $64 million, marking a 43% YoY increase in recurring revenue, which now represents 72% of total revenue. The company achieved an adjusted EBITDA of $3.6 million, a significant improvement from last year's loss of $0.6 million, and gross margins reached 43.8%.

CEO Yair Nechmad expressed optimism about accelerating revenue growth and enhanced profitability, driven by robust operating leverage and M&A activities. CFO Sagit Manor noted a record organic growth of 62,000 managed and connected devices. Full-year 2024 guidance projects revenue between $325-335 million (38% YoY growth) and adjusted EBITDA of $30-35 million (over 266% YoY growth).

Nayax announced a strategic partnership with ASO Vending, Slovakia's largest vending machine operator, to install thousands of contactless card readers on vending machines throughout the country. The partnership aims to double Nayax's active devices in Slovakia, with the devices being purchased through Nayax Capital. This collaboration will help ASO Vending increase revenue and reduce operational costs, positioning them as market leaders in the vending industry.

Nayax (NYSE: NYAX; TASE: NYAX) will showcase its cutting-edge payment and vending management technology at The NAMA Show 2024 in Dallas, TX from May 7-9. The event will feature Nayax's senior leadership team and highlight their innovative self-service payments solutions for various industries.

Nayax (NYSE: NYAX) has completed the acquisition of VMtecnologia, a leading technology provider for automated self-service in Brazil, marking a strategic move into the Latin American market. The deal includes an implied enterprise value of R$ 110 million BRL (~$22 million USD) and an earnout potentially bringing the total consideration to R$ 137.5 million BRL (~$27 million USD). Nayax financed the acquisition with available cash reserves. VMtecnologia's strong financial performance in 2023 includes about $8.5 million in revenue, with an 88% gross margin and EBITDA margin exceeding 30%. The integration of VMtecnologia into Nayax's ecosystem is expected to result in synergies enhancing revenue and operational efficiencies.

Nayax announces a partnership with DKV Mobility to expand its payments capabilities across Europe, allowing DKV's fuel and service cards to be accepted at Nayax's payment terminals. The collaboration aims to enhance the payment experience for drivers and expand Nayax's presence in the Energy market.

Nayax (NYSE: NYAX) announced the release of its Q1 2024 earnings on May 15, 2024. The company will host two conference calls, one in English and one in Hebrew, with CEO Yair Nechmad and CFO Sagit Manor. The English call is at 8:30 a.m. ET and the Hebrew call at 9:30 a.m. ET. Participants can pre-register for the English call. The earnings results will be available until May 29, 2024, with a replay option. The conference call/webcast can be accessed via the Nayax website. An archive will be available on the Investor Relations website.

Nayax acquires Roseman Engineering Company and Roseman Holdings , a leading global fuel and electric vehicle (EV) management solution provider, for $5.7 million USD. The acquisition strengthens Nayax's position in the energy sector, offering a comprehensive solution for fleet management, cloud management, and AVI applications. Nayax and Roseman collaborate on an EMV payment solution for gas stations in Israel.

Nayax Ltd. announced the pricing of an underwritten public offering of 3,130,435 ordinary shares at $26.00 per share. The offering includes shares from Nayax and selling shareholders. The underwriters have an option to purchase additional shares. The offering is expected to close on March 12, 2024, with Barclays and UBS Investment Bank as joint lead book-running managers.

Nayax Ltd. (NASDAQ: NYAX) announces a public offering of 3,130,435 ordinary shares, with 2,130,435 shares offered by Nayax and 1,000,000 by selling shareholders. Barclays and UBS Investment Bank are lead managers. The offering is subject to market conditions and SEC regulations.