Net 1 UEPS Technologies, Inc. Reports Third Quarter 2019 Results
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Net 1 UEPS Technologies (UEPS) Reports Q3 Loss of $0.62
May 9, 2019 4:48 PM EDTNet 1 UEPS Technologies (NASDAQ: UEPS) reported Q3 EPS of ($0.62), versus $0.95 reported last year. Revenue for the quarter came in at $86.48 million, versus $162.72 million reported last year.
Revenue of $86.5 million, GAAP EPS of $(0.96) and Fundamental EPS of $(0.62)Fundamental EPS of ($0.62) includes $25.2 million, or $0.44 per share of non-cash fair value loss adjustments for Cell C, net of tax, and the impairment of the Cedar Cell note;Operating loss of $21.7 million, Adjusted EBITDA improved sequentially to a loss of $(1.1) million;Early-settlement of long-term South... More