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Nayax Ltd. (TASE: NYAX) announced its expected dual listing on the Nasdaq Stock Exchange, effective September 21, 2022, with shares trading under the ticker NYAX. The closing price on TASE prior to the listing was ILS 80.08, equivalent to $23.23 per share. CEO Yair Nechmad expressed optimism about increasing shareholder value and expanding the global shareholder base through this listing. To celebrate, Nayax will host a Capital Markets Day at Nasdaq on the same day, featuring presentations on the company's strategy and business model.
Nayax Ltd. (TASE: NYAX) announced a 10-for-1 reverse share split approved by shareholders. This decision consolidates every ten ordinary shares into one, reducing the total outstanding shares to approximately 32.9 million. The split-adjusted trading will commence on the TASE Market from September 11, 2022. Nayax operates as a global commerce enablement platform, offering payment solutions and tools for merchants across various channels, aiming to enhance their revenue and operational efficiency.
Nayax Ltd. reported a 33% year-over-year revenue increase in Q2 2022, reaching $41.2 million. Recurring revenue grew 47%, making up 61% of total revenue. The company maintained a high customer retention rate of 132% and added 42,000 managed devices, totaling 595,000. Despite the revenue growth, gross margin decreased to 34%, primarily due to lower-margin hardware sales affected by global component shortages. Operating loss widened to $8.6 million, compared to $4.1 million in Q2 2021. Nayax reaffirmed its mid-term revenue growth target of 35%.
Nayax, a leader in cashless payment solutions, has launched the Nova Market self-checkout kiosk in the U.S. This modular POS aims to boost sales for operators by providing an intuitive, cashless experience. The kiosk supports various products and is designed for easy installation, operational flexibility, and increased revenue. Customer feedback highlights significant sales growth, with one operator reporting a 65-70% weekly sales increase. Nayax continues to enhance offerings for micro markets, aiming to improve operational efficiency and customer engagement.
Nayax Ltd. (TASE: NYAX) has partnered with Five Star Food Service, deploying 20,000 VPOS Touch devices across their vending machines. This collaboration enhances cashless payment solutions and consumer engagement, boosting sales for Five Star. Nayax's advanced technology, including EMV-certified devices, played a crucial role in this decision. Five Star emphasizes Nayax's ease of installation and customer support, while Nayax aims to improve operational efficiency and revenue potential for its clients.
Nayax Ltd. (TASE: NYAX) announced its inaugural Capital Markets Day to be held on May 20, 2022, at the New York Stock Exchange. The event will feature key executives presenting insights on the company's strategies, financial performance, and growth opportunities, followed by a Q&A session. Presentations are set to take place from 8:30 a.m. to 11:45 a.m. Eastern Time. Nayax, a leader in commerce enablement and payments solutions, aims to enhance merchant growth and operational efficiency. The event will adhere to Covid-19 protocols, and a webcast replay will be available post-event.
Nayax Ltd. (TASE: NYAX) announced the confidential submission of a draft registration statement on Form F-1 with the U.S. SEC for a potential U.S. initial public offering (IPO) of its ordinary shares. This IPO is contingent upon SEC review, favorable market conditions, and an acceptable share price. The specifics regarding the number of shares to be offered and the exact timing remain undetermined. Nayax is exploring strategic options to enter U.S. capital markets and expand its shareholder base.
Nayax Ltd. (TASE: NYAX) announced it will release its financial results for Q4 and full year 2021 on March 9, 2022. Preliminary data indicates Q4 revenue is expected between $33.5M and $34.5M, a 35% increase from Q4 2020, with total revenue for 2021 at $119M, up 51% YoY. Key performance indicators show a 39% increase in managed and connected devices to 510,000 and a 58% rise in customers to 30,000. The company will host a conference call on March 9 at 8:30 a.m. ET to discuss these results.
Nayax Ltd. (TASE: NYAX) reported a 40% year-over-year increase in revenue for Q3 2021, totaling $31 million. The company achieved a significant 65% growth in recurring revenue, amounting to $19.6 million, with total transaction value soaring 84% to $407 million. Despite operational expenses rising by 81% to $18.6 million, Nayax maintains a strong balance sheet with $104 million in cash. The CEO highlighted a long-term expansion focus, expecting annual revenue to exceed $200 million in the midterm.
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