Nayax introduces simplified EV charging with new feature

Published 20/03/2025, 12:34
Nayax introduces simplified EV charging with new feature

HERZLIYA, Israel - Nayax Ltd. (NASDAQ:NYAX; TASE:NYAX), a $1.29 billion market cap provider of commerce enablement and payment solutions showing impressive revenue growth of 33% year-over-year, has unveiled an enhancement to its electric vehicle (EV) charging kiosks aimed at streamlining the user experience. According to InvestingPro data, the company operates with moderate debt levels and maintains a healthy current ratio of 1.31. The company’s newly launched State-of-Charge feature separates card-present transactions from mobile access to charging details, allowing for secure payments at the kiosk and easy access to session information via a QR code.

This development addresses common concerns among EV drivers related to the inconvenience of managing multiple charging apps and the security of payment data. With Nayax’s solution, drivers can make secure payments at the kiosk and then scan a QR code to view real-time charging details on their smartphones without the need for app downloads or sharing personal information. While currently unprofitable, InvestingPro analysts expect the company to achieve profitability this year, with projected earnings per share of $0.73 for 2025.

The State-of-Charge feature provides drivers with comprehensive data, including energy usage, charging speed, session duration, total cost, and kWh charged. Additionally, it facilitates remote tracking of the charging session and delivers a digital e-receipt upon completion, which merchants can customize for promotional purposes or to enhance customer engagement.

Yair Nechmad, CEO of Nayax, commented on the launch, stating that the new feature aims to alleviate the frustrations drivers face when charging their EVs by offering a practical solution that simplifies the process.

Nayax will showcase its EV Kiosk and the State-of-Charge feature at the upcoming EV Charging Summit & Expo in Las Vegas, from March 25-27, 2025. Attendees can visit Nayax’s booth, participate in speaker sessions led by company executives, and join an exclusive Happy Hour event.

This announcement is based on a press release statement from Nayax Ltd. and comes amidst a landscape where the adoption of electric vehicles is on the rise, with user experience and data privacy becoming increasingly important factors for consumers. The company’s stock has shown strong momentum, gaining nearly 39% over the past six months. Discover more insights about Nayax and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro, offering deep-dive analysis and actionable intelligence for smarter investing decisions.

In other recent news, Nayax Ltd reported its fourth-quarter 2024 earnings, revealing a significant miss on earnings per share (EPS) expectations, with an EPS of -0.16 compared to the forecasted 0.03. The company also reported revenue of $89 million for the quarter, which was below the anticipated $91.84 million. Despite this, Nayax achieved a 34% year-over-year increase in quarterly revenue and a 33% increase for the full year, reaching $314 million. The company emphasized its strong growth in recurring revenue, which surged by 47%, now accounting for 71% of total revenue. Nayax also completed a Notes and Warrants Offering in Israel, raising approximately $137.1 million, which will be used for general corporate purposes, including debt repayment and potential acquisitions.

Keefe, Bruyette & Woods announced an increase in the price target for Nayax shares, raising it to $38 from the previous target of $33, while maintaining a Market Perform rating. The firm revised its earnings per share estimates for 2025 and 2026 to $0.61 and $1.04, respectively, reflecting adjustments in EBITDA forecasts and projected taxes. Nayax’s management has identified robust underlying trends expected to support organic growth in 2025, including strong average revenue per user growth and an increase in managed devices. The company anticipates further growth contributions from mergers and acquisitions, with a focus on strategic corporate actions to enhance growth and financial health.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.