Lesaka Technologies Records a Net Loss of $11.9 Million in Q2

Lesaka Technologies, Inc.(LSAK) has announced its financial re sults for the second quarter of 2023, revealing a net loss of $11.9 million for the period. The company also reported impressive revenue figures, with total revenue reaching $133.1 million during the quarter.

The financial report for the second quarter of 2023 shows that Lesaka Technologies, Inc. experienced a net loss of $11.9 million. This represents a significant improvement compared to the net loss of $15.1 million reported in the same period last year.

Lesaka Technologies reported robust revenue figures for the second quarter of 2023, with total revenue reaching $133.1 million. This marks a substantial increase compared to the $121.8 million in revenue generated during the same quarter in 2022.

The company's strong revenue performance can be attributed to its continued focus on providing IT processing, servicing, and support, which accounted for a significant portion of the revenue. Additionally, Lesaka Technologies saw growth in its finance loans receivable and other core business areas.