Lesaka Technologies, Inc. Common Stock
LSAKLesaka Technologies, Inc. (LSAK) is a financial technology company that provides digital payment solutions, point-of-sale systems, and financial services primarily focused on emerging markets in Africa and Latin America. The company aims to improve financial inclusion by offering accessible and affordable financial tools to underserved populations, leveraging technology to enhance transactional and banking experiences.
Company News
Lesaka Technologies announced it will restate financial statements for multiple quarters due to revenue classification errors, leading to potential legal investigation and stock price decline.
Law firm Bragar Eagel & Squire is investigating potential claims against Lesaka Technologies after the company announced it must restate financial statements for multiple quarters due to revenue classification issues.
Lesaka Technologies announced financial statement restatement due to revenue classification issues, leading to potential legal investigation and stock price drop.
Lesaka Technologies reported strong Q4 2025 financial performance, with adjusted earnings per share doubling to ZAR 2.29, driven by strategic acquisitions and robust consumer segment growth. The company completed key acquisitions in payments processing and aims to expand market share in underbanked segments.
Lesaka Technologies reported strong Q4 FY2025 financial results with 39.6% revenue growth and 61% adjusted EBITDA increase, despite a wider net loss primarily due to non-cash charges. The company remains optimistic about FY2026, targeting positive net income and continued expansion.
