about net1 (www.net1.com) net1 provides its universal electronic payment system, or ueps, as an alternative payment system for the unbanked and under-banked populations of developing economies. net1’s market-leading system enables the estimated four billion people who generally have limited or no access to a bank account, to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers. net1’s universal electronic payment system, or ueps, uses smart cards that operate in real-time but offline, unlike traditional payment systems offered by major banking institutions that require immediate access through a communications network to a centralized computer. this offline capability means that users of the net1 system can enter into transactions at any time with other card holders even in the most remote areas so long as a portable offline smart card reader is available. in addition to payments and purchases, ue
Company profile
Ticker
LSAK
Exchange
Website
CEO
Herman Kotze
Employees
Location
Fiscal year end
Industry (SIC)
Euronet Worldwide • Usio ...
Former names
NET 1 UEPS TECHNOLOGIES INC
SEC CIK
Corporate docs
Subsidiaries
Cash Connect Capital Proprietary Limited • Cash Connect Management Solutions (Pty) Ltd • Cash Connect Rentals Proprietary Limited • Deposit Manager Proprietary Limited • EasyPay (Pty) Ltd • EasyPay Cash (Pty) Ltd • EasyPay Financial Services (Pty) Ltd • K2021477132 (South Africa) Proprietary Limited • K2020263969 (South Africa) Proprietary Limited • Kazang Prepaid Proprietary Limited ...
IRS number
980171860
LSAK stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
6 Feb 24
8-K
Lesaka delivers improved profitability as it exceeds FY24 Q2 guidance
6 Feb 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
23 Jan 24
8-K
Departure of Directors or Certain Officers
4 Dec 23
8-K
Entry into a Material Definitive Agreement
1 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
15 Nov 23
10-Q
2024 Q1
Quarterly report
7 Nov 23
8-K
Lesaka continues strong growth trajectory and achieves upper end of revenue guidance
7 Nov 23
8-K
Departure of Directors or Certain Officers
27 Oct 23
ARS
2023 FY
Annual report to shareholders
29 Sep 23
Transcripts
LSAK
Earnings call transcript
2024 Q2
7 Feb 24
LSAK
Earnings call transcript
2024 Q1
8 Nov 23
LSAK
Earnings call transcript
2023 Q4
13 Sep 23
LSAK
Earnings call transcript
2023 Q3
10 May 23
LSAK
Earnings call transcript
2023 Q2
8 Feb 23
LSAK
Earnings call transcript
2023 Q1
9 Nov 22
LSAK
Earnings call transcript
2022 Q4
12 Sep 22
LSAK
Earnings call transcript
2022 Q3
12 May 22
LSAK
Earnings call transcript
2022 Q3
11 May 22
LSAK
Earnings call transcript
2022 Q2
10 Feb 22
Latest ownership filings
SC 13G/A
MORGAN STANLEY
8 Feb 24
SC 13G/A
GOLDMAN SACHS GROUP INC
7 Feb 24
4
Ali Mazanderani
13 Dec 23
4
Ali Mazanderani
6 Dec 23
4
Steven John Heilbron
27 Oct 23
4
Lincoln Camagu Mali
27 Oct 23
4
Naeem Ebrahim Kola
27 Oct 23
4
Christopher G.B. Meyer
27 Oct 23
3
Sharron Venessa Naidoo
11 Jul 23
4
Antony C Ball
3 Jul 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 55.01 mm | 55.01 mm | 55.01 mm | 55.01 mm | 55.01 mm | 55.01 mm |
Cash burn (monthly) | 1.21 mm | 3.20 mm | 1.33 mm | 2.35 mm | (no burn) | (no burn) |
Cash used (since last report) | 6.80 mm | 17.98 mm | 7.46 mm | 13.22 mm | n/a | n/a |
Cash remaining | 48.21 mm | 37.03 mm | 47.54 mm | 41.79 mm | n/a | n/a |
Runway (months of cash) | 39.9 | 11.6 | 35.8 | 17.8 | n/a | n/a |
Institutional ownership, Q3 2023
45.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 24 |
Opened positions | 3 |
Closed positions | 4 |
Increased positions | 5 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 52.37 bn |
Total shares | 28.25 mm |
Total puts | 2.50 k |
Total calls | 1.60 k |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Value Capital Partners | 14.67 mm | $59.05 mm |
MS Morgan Stanley | 5.19 mm | $20.24 bn |
GS Goldman Sachs | 5.00 mm | $19.49 bn |
Potomac Capital Management | 1.53 mm | $5.95 bn |
RAT Rathbone Brothers | 636.17 k | $2.48 bn |
UBS UBS Group AG - Registered Shares | 343.71 k | $1.34 bn |
Connor, Clark & Lunn Investment Management | 204.61 k | $798.00 mm |
Renaissance Technologies | 147.40 k | $575.00 k |
Intrepid Family Office | 108.00 k | $421.20 mm |
STT State Street | 100.79 k | $393.06 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Dec 23 | Ali Mazanderani | Common stock | Buy | Acquire P | No | No | 3.3 | 322,476 | 1.06 mm | 322,476 |
4 Dec 23 | Ali Mazanderani | Employee stock option Common stock | Grant | Acquire A | No | No | 3.5 | 500,000 | 1.75 mm | 500,000 |
25 Oct 23 | Steven John Heilbron | Common Stock | Grant | Acquire A | No | No | 0 | 225,000 | 0.00 | 750,000 |
25 Oct 23 | Lincoln Camagu Mali | Common Stock | Grant | Acquire A | No | No | 0 | 82,639 | 0.00 | 369,611 |
25 Oct 23 | Christopher G.B. Meyer | Common Stock | Grant | Acquire A | No | No | 0 | 143,902 | 0.00 | 747,347 |
News
Lesaka Technologies: Q2 Earnings Insights
6 Feb 24
Lesaka Technologies Q2 Adj EPS $0.01 Beats $(0.03) Estimate, Sales $143.89M Miss $144.47M Estimate
6 Feb 24
Earnings Scheduled For February 6, 2024
6 Feb 24
Lesaka Signed Definitive Agreement To Acquire Touchsides; As Part Of Acquisition Heineken's South Africa Operating Business Agreed To Long-Term Renewable Contract For Access To Touchsides' Tavern Data And Services
5 Feb 24
Lesaka Technologies's Earnings: A Preview
5 Feb 24