Lesaka (LSAK)

Company Profile

Net 1 UEPS Technologies Inc. is a South African-focused financial technology company with a presence in Africa and Asia. Net1 utilizes its proprietary banking and payment technology to distribute low-cost financial and value-added services to underserved consumers and small businesses. The Company also provides transaction processing services, including being a payment processor and bill payment platform in South Africa. Net1 leverages its strategic investments in banks, telecom and mobile payment technology companies to further expand its product offerings or to enter new markets.

Company profile

Ticker

LSAK

Exchange

NASDAQ

Website

www.net1.com

CEO

Herman Kotze

Location

South Africa

Fiscal year end

Jun 30

Sector

Information > Data Processing, Hosting, and Related Services

Industry (SIC)

Euronet Worldwide • Usio ...

Former names

NET 1 UEPS TECHNOLOGIES INC

SEC CIK

0001041514

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Cash Connect Capital Proprietary Limited • Cash Connect Management Solutions (Pty) Ltd • Cash Connect Rentals Proprietary Limited • Deposit Manager Proprietary Limited • EasyPay (Pty) Ltd • K2021477132 (South Africa) Proprietary Limited • K2020263969 (South Africa) Proprietary Limited • Kazang Prepaid Proprietary Limited • Kwande Group (Pty) Ltd • Main Street 1723 Proprietary Limited ...

IRS number

980171860

LSAK stock data

1M 1Y 5Y

Latest filings (excl ownership)

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9 May 23

Lesaka Reports Third Quarter 2023 Results - Continued improvement in financial performance further evidences successful turnaround

9 May 23

8-K

Entry into a Material Definitive Agreement

7 Feb 23

Lesaka Reports Second Quarter 2023 Results and Outperforms the Upper End of Guidance

7 Feb 23

8-K

Lesaka announces departure of Alex Smith, Chief Accounting Officer

17 Jan 23

8-K

Departure of Directors or Certain Officers

4 Jan 23

8-K

Entry into a Material Definitive Agreement

30 Dec 22

8-K

Entry into a Material Definitive Agreement

5 Dec 22

S-8

Registration of securities for employees

16 Nov 22

Transcripts

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LSAK

Earnings call transcript

2023 Q2

8 Feb 23

LSAK

Earnings call transcript

2023 Q1

9 Nov 22

LSAK

Earnings call transcript

2022 Q4

12 Sep 22

LSAK

Earnings call transcript

2022 Q3

12 May 22

LSAK

Earnings call transcript

2022 Q2

10 Feb 22

LSAK

Earnings call transcript

2022 Q1

9 Nov 21

LSAK

Earnings call transcript

2021 Q4

14 Sep 21

LSAK

Earnings call transcript

2021 Q3

7 May 21

LSAK

Earnings call transcript

2021 Q2

5 Feb 21

LSAK

Earnings call transcript

2021 Q1

7 Nov 20

Latest ownership filings

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Christopher G.B. Meyer

Financial summary

Financial statements Chart LSAK financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jun 22	Jun 21	Jun 20	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	87.27 mm	87.27 mm	87.27 mm	87.27 mm	87.27 mm	87.27 mm
Cash burn (monthly)	3.17 mm	12.73 mm	2.23 mm	2.84 mm	1.70 mm	1.34 mm
Cash used (since last report)	6.69 mm	26.90 mm	4.72 mm	6.01 mm	3.60 mm	2.82 mm
Cash remaining	80.58 mm	60.38 mm	82.56 mm	81.26 mm	83.68 mm	84.45 mm
Runway (months of cash)	25.4	4.7	37.0	28.6	49.2	63.2

Beta Read what these cash burn values mean

Financial data from Lesaka earnings reports.

Institutional ownership, Q4 2022

LSAK institutional ownership history Ownership history

47.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	31	34	-8.8%
Opened positions	4	2	+100.0%
Closed positions	7	5	+40.0%
Increased positions	7	8	-12.5%
Reduced positions	11	12	-8.3%

13F shares	Current	Prev Q	Change
Total value	57.92 bn	131.04 mm	+44095.6%
Total shares	29.43 mm	28.13 mm	+4.6%
Total puts	13.00 k	19.80 k	-34.3%
Total calls	14.10 k	47.20 k	-70.1%
Total put/call ratio	0.9	0.4	+119.8%

Largest owners	Shares	Value	Change
Value Capital Partners	14.67 mm	$59.05 mm	+13.9%
MS Morgan Stanley	5.18 mm	$23.55 bn	+33.6%
GS Goldman Sachs	5.00 mm	$22.74 bn	0.0%
Potomac Capital Management	1.76 mm	$8.03 mm	+0.2%
Deutsche Bank AG - Registered Shares	1.26 mm	$5.74 bn	0.0%
UBS UBS Group AG - Registered Shares	340.55 k	$1.55 bn	+1.7%
Connor, Clark & Lunn Investment Management	255.00 k	$1.16 bn	-1.5%
Renaissance Technologies	136.10 k	$619.00 k	+0.8%
National Asset Management	129.50 k	$589.22 mm	NEW
D. E. Shaw & Co.	122.08 k	$555.44 mm	-35.8%

Largest transactions	Shares	Bought/sold	Change
Kabouter Management	0.00	-1.82 mm	EXIT
Value Capital Partners	14.67 mm	+1.80 mm	+13.9%
MS Morgan Stanley	5.18 mm	+1.30 mm	+33.6%
National Asset Management	129.50 k	+129.50 k	NEW
Millennium Management	98.84 k	+98.84 k	NEW
Group One Trading	2.82 k	-97.22 k	-97.2%
STT State Street	86.78 k	+86.78 k	NEW
D. E. Shaw & Co.	122.08 k	-68.06 k	-35.8%
IFP Advisors	12.26 k	-50.26 k	-80.4%
Susquehanna International	0.00	-47.82 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LSAK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.59	400	1.44 k	15,634,095
19 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.97	3,600	14.29 k	15,633,695
18 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.85	6,992	26.92 k	15,630,095
17 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.66	18,400	67.34 k	15,623,103
16 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.73	52,784	196.88 k	15,604,703
15 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.77	30,539	115.13 k	15,551,919
12 May 23	Lincoln Camagu Mali	Common Stock	Payment of exercise	Dispose F	No	No	3.26	11,556	37.67 k	286,972
12 May 23	Lincoln Camagu Mali	Common Stock	Payment of exercise	Dispose F	No	No	3.26	13,464	43.89 k	298,528
12 May 23	Value Capital Partners	Common stock	Buy	Acquire P	Yes	No	3.6	41,500	149.40 k	15,521,380