Lesaka Technologies Reaffirms FY24 Revenue Of ZAR 10.7 Billion - ZAR 11.7 Billion
Portfolio Pulse from Benzinga Newsdesk
Lesaka Technologies (LSAK) has reaffirmed its FY24 revenue guidance of ZAR 10.7 billion to ZAR 11.7 billion. The company has also updated its Group Adjusted EBITDA forecast to ZAR 685 million to ZAR 705 million, in response to SEC comments on its non-GAAP financial reporting. This update includes lease expenses in the EBITDA calculation, with past comparisons adjusted accordingly. The guidance does not account for the financial impact of the acquisition of Touchsides or any future M&A activities.
May 08, 2024 | 11:08 pm
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Lesaka Technologies reaffirms its FY24 revenue guidance and updates its EBITDA forecast, indicating a positive outlook and compliance with SEC reporting standards.
Reaffirming revenue guidance and updating EBITDA outlook in response to SEC feedback demonstrates Lesaka Technologies' solid financial health and adaptability to regulatory standards. This transparency and positive outlook are likely to instill confidence in investors, potentially leading to a short-term positive impact on LSAK's stock price.
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