Lesaka Technologies Inc Reports Net Loss of $35.1 Million for the Year Ended June 30, 2023

LESAKA TECHNOLOGIES INC [LSAK], a leading technology company, has announced its financial results for the year ended June 30, 2023. The company reported a net loss of $35.1 million for the year, compared to a net loss of $43.9 million in the previous year. The company generated annual revenue of $527.9 million, representing a significant increase from $222.6 million in the previous year.

Financial Performance

Despite the net loss, Lesaka Technologies Inc has shown positive growth in terms of revenue. This growth can be attributed to strong performance in its services rendered and loan-based fees received segments. Revenue from services rendered increased to $486.8 million, up from $178.8 million in the previous year, while revenue from loan-based fees received reached $25.3 million, up from $22.4 million in the previous year. However, revenue from the sale of goods decreased slightly to $15.9 million, compared to $21.3 million in the previous year.