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Investing.com -- Nayax Ltd. (NASDAQ:NYAX, TASE:NYAX) reported second-quarter earnings that significantly exceeded analyst expectations, sending shares up 2.7% as investors responded positively to the payment platform’s strong profitability despite a slight revenue miss.
The global commerce payments and loyalty platform posted earnings per share of $0.31 for the second quarter, more than doubling the analyst consensus of $0.14. Revenue came in at $95.6 million, slightly below analyst expectations of $99.02 million, but still representing a 22.4% increase YoY from $78.1 million in the same quarter last year. Organic revenue growth was 20% for the quarter.
Recurring revenue, which includes SaaS and payment processing fees, grew 32.4% to $70.7 million and represented 74% of total revenue. The company’s gross margin improved to 48.3% from 44.3% in the year-ago period, driven by improvements in both recurring and hardware margins.
"Our second quarter results reflect the successful execution of our strategic initiatives and the positive momentum of the business," said Yair Nechmad, Chief Executive Officer and Chairman of the Board. "We expect acceleration in the second half of the year, driven primarily by stronger enterprise hardware sales in emerging segments such as EV chargers, smart coolers and family entertainment centers."
Nayax’s total transaction value grew by 34.3% to nearly $1.6 billion, while the number of processed transactions increased 24.5% to 726 million. The company’s customer base expanded to approximately 105,000, a 23.5% increase YoY.
The company reaffirmed its full-year 2025 guidance, projecting revenue growth between 30% and 35%, representing a range of $410 million to $425 million on a constant currency basis. Adjusted EBITDA is expected to be between $65 million and $70 million.
For the second quarter, adjusted EBITDA was $12.6 million, representing 13% of total revenue, compared to $8.1 million or 10% of revenue in the prior year period.
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