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Nayax Ltd., an Israel-based provider of cashless solutions for the unattended retail industry, lifted revenue in Q4 and FY 2021 while losses increased, according to an earnings release. Highlights include:
- Total revenue rose 40% from $12.5 million in Q4 2020 to $34.4 million in Q4 2021.
- Net loss rose from $3.1 million, or $0.0124 per diluted share, to $10 million, or $0.0152 per diluted share in the comparative quarters.
- The company expanded its customer base, adding 3,000 customers across its global footprint, bringing the total customer base to 30,000, as of Dec. 31, 2021.
- Recurring revenue from monthly SaaS and processing fees grew 66% from $12.5 million to $20.8 million in the comparative quarters.
- The number of POS devices rose 12.4% from 12.1 million to 13.6 million.
- Total transaction value rose 89% from $226 million to $428 million.
- The number of transactions grew 84% from 134 million to 247 million.
- The total number of managed and connected devices rose 40% from 371,046 to more than 517,000.
- Full year total revenue rose 51% from $78.7 million in 2020 to $119.1 million.
- Full year net loss was $24.8 million, or $0.082 per diluted share, compared to a net loss of $6.1 million, or $0.0252 per diluted share for 2020.
Shares traded at $653.5 today against a 52-week range of $612.6-$1,351.
«2021 was a remarkable year for Nayax, and I am very pleased with our Q4 results, showing broad-based strength across our key metrics,» Yair Nechmad, CEO and chairman, said in the press release.