Nayax Ltd Reiterated FY24 Revenue of $325M-$335M Vs $326.98M Est
Portfolio Pulse from Benzinga Newsdesk
Nayax Ltd has reiterated its FY24 revenue guidance of $325M-$335M, representing over 38% year-over-year growth. The company expects hardware gross margins to trend towards the higher end of 25%-27%, with adjusted EBITDA between $30M-$35M. Positive free cash flow is anticipated for the full year 2024.
May 15, 2024 | 11:34 am
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Nayax Ltd has reiterated its FY24 revenue guidance of $325M-$335M, representing over 38% year-over-year growth. The company expects hardware gross margins to trend towards the higher end of 25%-27%, with adjusted EBITDA between $30M-$35M. Positive free cash flow is anticipated for the full year 2024.
The reiteration of strong revenue guidance and positive financial metrics such as high gross margins, adjusted EBITDA, and positive free cash flow are likely to boost investor confidence and positively impact Nayax's stock price in the short term.
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