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HERZLIYA, Israel -On Tuesday, Nayax (TASE:NYAX) Ltd. (NASDAQ:NYAX) reported fourth quarter revenue growth of 33.6% year-over-year, but missed analyst expectations for both revenue and earnings.
The company’s shares edged up 0.54% in premarket trading following the release.
The payment solutions provider posted Q4 revenue of $89 million, up from $66.6 million in the same quarter last year but below the consensus estimate of $91.84 million. Nayax reported a loss per share of $0.16, missing analyst expectations for earnings of $0.03 per share.
Despite the earnings miss, Nayax highlighted strong growth in its recurring revenue streams. Payment processing fees increased 44.6% year-over-year to $37.6 million, while SaaS revenue jumped 55.2% to $25.3 million. Total (EPA:TTEF) recurring revenue, which made up 71% of overall revenue, grew 48.7% compared to Q4 2023.
"We are pleased to report another year of strong growth and performance for Nayax as we achieved several key milestones including significant revenue growth and margin expansion, robust operating leverage, and cash flow generation," said Yair Nechmad, CEO and Chairman of Nayax.
For the full year 2024, Nayax reported revenue of $314 million, up 33.3% YoY. The company’s adjusted EBITDA reached $35.5 million, above its guidance range of $30-35 million.
Looking ahead, Nayax provided revenue guidance of $410-425 million for fiscal year 2025, representing growth of 30-35% compared to 2024. The midpoint of this range is slightly above the current analyst consensus of $410.6 million.
The company ended 2024 with approximately 1.26 million managed and connected devices, up 21% YoY. Its customer base grew 32% to over 95,000.
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