Nayax Ltd 's (NYAX) Outlook

Company Name, Ticker, Customers, else..

Nayax Ltd (NASDAQ: NYAX)

Sector • Technology Industry • Software & Programming

Industry • Software & Programming

Sector • Technology

Nayax Ltd Outlook

On August 7 2024 the Nayax Ltd provided following guidance

### Nayax Ltd. Announces Second Quarter 2024 Financial Results

Nayax Ltd. has published its financial results for the second quarter of 2024, showcasing significant growth and a promising outlook for the remainder of the year. The company recorded total revenues of $78.1 million, representing a remarkable 39% increase compared to the same quarter last year.

In terms of profitability, Nayax has demonstrated improvement with gross margins reaching 44.3%. Additionally, the company has successfully returned to an operating profit, reporting an adjusted EBITDA of $8.1 million for the quarter.

Looking ahead, Nayax has reiterated its financial guidance for the entire year of 2024. The company expects its revenue to fall within the range of $325 million to $335 million, alongside an anticipated adjusted EBITDA between $30 million and $35 million.

nNotes:n
1. Adjusted EBITDA indicates earnings before interest, taxes, depreciation, and amortization, providing a clearer picture of the company’s operating performance.
2. These projections reflect management’s confidence in Nayax's strategies and market position as it continues to expand its presence and enhance profitability.,

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