Nayax Ltd.
Description
Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses. It provides electric vehicle charging stations; VPOS Touch, a credit card reader cashless payment device; VPOS Fusion, a cashless payment card reader; ONYX, a contactless card reader and telemetry device; NOVA 156, an electronic cash register; DOT, a smart QR and barcode reader; UNO Plus and UNO 8, which are EMV and FeliCa contactless readers; EMV SOM, a PCI-PTS ready contactless EMV reader module; Nova Market, a cashless micro market and self-checkout solution; NOVA 55, an a handheld smart point of sale (POS) device; NOVA 45, a handheld mini smart terminals for attended POS; and Retail One, a universal retail solution that integrates directly with SAP. The company sells its products directly, as well as through resellers and distributors. It serves various verticals, including vending machines, coffee machines, unattended checkout counters, self-service kiosks, ticketing machines, car wash stations, gaming machines, amusement rides, laundromats, and EV charging stations. Nayax Ltd. was incorporated in 2005 and is headquartered in Herzliya, Israel.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 12, 2024 | 0.02 | 0.02 | 0.00 | 0.00% |
| Aug 7, 2024 | -0.01 | -0.08 | -0.07 | 700.00% |
| May 15, 2024 | -0.04 | -0.15 | -0.11 | 275.00% |
| May 10, 2023 | — | -0.17 | — | — |
| Mar 1, 2023 | -0.29 | -0.23 | 0.06 | -20.69% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 3 |
| Average estimate | — | -0.04 | — | 0.58 |
| Low estimate | — | -0.04 | — | 0.19 |
| High estimate | — | -0.04 | — | 0.81 |
| Last year EPS | — | — | — | 0.02 |
Growth estimates
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 235.49M | 173.51M | 119.13M | 78.78M | 63.63M |
| Cost of revenue | 147.20M | 113.48M | 70.97M | 41.60M | 37.07M |
| Gross profit | 88.29M | 60.04M | 48.16M | 37.18M | 26.55M |
| Operating expense | |||||
| Research & development | 21.93M | 22.13M | 19.04M | 9.30M | 7.33M |
| Selling general and admin | 57.93M | 53.28M | 37.95M | 21.79M | 16.36M |
| Other operating expenses | 8.39M | 8.61M | 6.09M | 2.56M | 1.07M |
| Operating income | -10.83M | -32.24M | -21.94M | -2.22M | -3.09M |
| Non operating interest income | |||||
| Income | 17,000 | — | 2,000 | 14,000 | 9,000 |
| Expense | 2.63M | 1.32M | 1.40M | 1.45M | 1.10M |
| Other income expense | -1.10M | -3.34M | -462,000 | -2.50M | -1.30M |
| Pretax income | -14.67M | -37.06M | -24.14M | -6.10M | -5.63M |
| Tax provision | 1.22M | 451,000 | 632,000 | -15,000 | -143,000 |
| Net income | -15.89M | -37.51M | -24.77M | -6.08M | -5.49M |
| Basic EPS | -0.48 | -1.14 | -0.82 | -0.25 | -0.16 |
| Diluted EPS | -0.48 | -1.14 | -0.82 | -0.25 | -0.16 |
| Basic average shares | 33.15M | 32.82M | 30.19M | 32.52M | 32.52M |
| Diluted average shares | 33.15M | 32.82M | 30.19M | 32.52M | 32.52M |
| EBITDA | 1,000 | -25.16M | -15.62M | 3.76M | 1.59M |
| Net income from continuing op. | -15.89M | -37.51M | -24.77M | -6.08M | -5.49M |
| Minority interests | — | — | 6,000 | -171,000 | 237,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2021-11-30 | 2020-12-31 |
| Total assets | 323.86M | 230.49M | 216.01M | 1.55M | 92.75M |
| Current assets | |||||
| Cash | — | 33.88M | 87.33M | 375,046 | 8.20M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 38.39M | 33.88M | 87.33M | 375,046 | 8.20M |
| Other short term investments | 1.27M | 83,000 | 48,000 | — | 87,000 |
| Accounts receivable | 41.30M | 27.41M | 19.34M | 11,848 | 21.05M |
| Other receivables | 43.26M | 25.38M | 14.40M | — | 1.55M |
| Inventory | 20.56M | 23.81M | 7.69M | 11,086 | 5.04M |
| Prepaid assets | — | — | — | 178,321 | 267,000 |
| Restricted cash | 49.86M | 34.12M | 23.70M | — | 18.17M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 8.77M | 5.78M | 3.55M | — | 1.98M |
| Non current assets | |||||
| Properties | 639,000 | 937,000 | 854,000 | 312,481 | 738,000 |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 16.66M | 15.97M | 6.79M | 59,313 | 5.34M |
| Construction in progress | — | — | — | — | — |
| Leases | 3.97M | 3.96M | 3.64M | 3,826 | 2.45M |
| Accumulated depreciation | -21.52M | -17.76M | -7.17M | -8,698 | -4.47M |
| Goodwill | 109.28M | 65.31M | 46.07M | 549,679 | 30.87M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 83.55M | 44.92M | 29.53M | 549,679 | 23.91M |
| Investments and advances | 7.33M | 7.92M | 9.41M | — | 798,000 |
| Other non current assets | 5.88M | 2.95M | 1.25M | — | 241,000 |
| Total liabilities | 226.27M | 125.85M | 84.33M | 115,223 | 80.25M |
| Current liabilities | |||||
| Accounts payable | 17.46M | 14.57M | 9.14M | — | 11.00M |
| Accrued expenses | — | — | — | 33,173 | 1.24M |
| Short term debt | 56.15M | 15.07M | 7.51M | 45,553 | 18.57M |
| Deferred revenue | — | — | 10.72M | — | 5.50M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | 716,000 |
| Other current liabilities | — | — | 10.72M | — | 5.50M |
| Non current liabilities | |||||
| Long term debt | 18.95M | 14.45M | 12.45M | 69,670 | 16.58M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 3.11M | 793,000 | 1.09M | — | 526,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | 1.47M |
| Shareholders equity | |||||
| Common stock | 8,000 | 8,000 | 8,000 | 11.83M | 7,000 |
| Retained earnings | -65.59M | -56.55M | -28.70M | -13.87M | -13.43M |
| Other shareholders equity | 9.64M | 9.77M | 10.00M | 96,393 | 9.24M |
| Total shareholders equity | 97.59M | 104.64M | 131.68M | -1.94M | 12.50M |
| Additional paid in capital | 153.52M | 151.41M | 150.37M | 2.71M | 16.69M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | -15.89M | -37.51M | -24.77M | -6.08M | -5.49M | -3.63M |
| Depreciation | 12.51M | 9.03M | 7.20M | 5.91M | 4.82M | 2.95M |
| Deferred Taxes | -294,000 | -181,000 | 25,000 | -230,000 | -220,000 | -64,000 |
| Stock-Based Compensation | 6.03M | 8.75M | 8.85M | 2.97M | 1.40M | — |
| Other Non-Cash Items | 665,000 | 4.44M | 243,000 | 3.43M | 1.73M | 5.50M |
| Accounts Receivable | -30.37M | -19.26M | -10.57M | 1.11M | -4.86M | -10.73M |
| Accounts Payable | 1.19M | 4.52M | -3.78M | 3.15M | -2.63M | 6.14M |
| Other Assets & Liabilities | -13.57M | -23.95M | -9.51M | -12.83M | -12.94M | -2.45M |
| Operating Cash Flow | -39.74M | -54.17M | -32.31M | -2.58M | -18.19M | -2.28M |
| Investing Activities | ||||||
| Capital Expenditures | -611,000 | -1.52M | -2.64M | -2.13M | -2.49M | -606,000 |
| Net Intangibles | -2.15M | -480,000 | -352,000 | — | — | -202,000 |
| Net Acquisitions | -18.33M | -4.06M | -13.37M | -1.27M | -137,000 | — |
| Purchase of Investments | -195,000 | -6.86M | -446,000 | -411,000 | — | — |
| Sale of Investments | — | — | — | — | — | — |
| Investing Cash Flow | -20.41M | -12.43M | -16.23M | -2.86M | -3.75M | -901,000 |
| Financing Activities | ||||||
| Long-Term Debt Issuance | — | 6.91M | 8.90M | 8.54M | 3.37M | 4.16M |
| Long-Term Debt Payments | -6.81M | -6.71M | -14.45M | -3.09M | -3.24M | -13.06M |
| Other Financing Charges | -304,000 | -514,000 | -1.56M | -1.31M | 182,000 | 178,000 |
| Financing Cash Flow | 32.03M | 5.56M | 114.05M | 7.11M | 4.98M | 10.67M |
| Other Cash Details | ||||||
| End Cash Position | 38.39M | 33.88M | 87.33M | 8.20M | 4.41M | 10.00M |
| Income Tax Paid | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — |
| Free Cash Flow | -9.92M | -43.25M | -21.85M | -1.37M | -8.12M | -2.85M |
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