Nayax Raises Revenue Outlook After IPS Acquisition

Nayax lifted its full-year revenue forecast after completing its acquisition of parking technology company IPS, expecting the deal to add about $20 million in fourth-quarter revenue. Shares rose after the revised outlook, even as third-quarter revenue fell short of analysts’ expectations.

Today, 21:00· Money Talk· 376 reads

Nayax Raises Revenue Outlook After IPS Acquisition

The payment systems company now expects revenue of $530 million to $540 million for the year, compared with its previous forecast of $510 million to $520 million. Nayax completed the IPS acquisition in October.

For the third quarter, Nayax reported a net loss of $1.1 million, or about 3 cents a share, reversing a year-earlier profit of $3.5 million, or about 9 cents a share. Adjusted earnings were 34 cents a share, above the 22 cents analysts polled by FactSet had expected.

Revenue rose 23% to $128 million, below the $134.3 million expected by Wall Street.

Nayax Raises Revenue Outlook After IPS Acquisition

Comments (0)