Lesaka Technologies: Fiscal Q3 Earnings Snapshot
ROSEBANK, South Africa — ROSEBANK, South Africa — Lesaka Technologies, Inc. (LSAK) on Wednesday reported a loss of $22.1 million in its fiscal third quarter.
On a per-share basis, the Rosebank, South Africa-based company said it had a loss of 27 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 4 cents per share.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Why Palantir Stock Soared in May
Palantir released a mostly positive earnings report, as well as announcing several new partnerships. The company's CEO accompanied President Trump to Saudi Arabia. However, Palantir's valuation is sky-high and continues to be a cause for concern. 10 stocks we like better than Palantir Technologies › Shares of Palantir Technologies (NASDAQ: PLTR) were up in May. The company's stock finished the month up 11.3%. The move came as the S&P 500 (SNPINDEX: ^GSPC) was up 5.5% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 7.9% during the month. The artificial intelligence (AI)-powered data analytics company released mostly positive earnings and announced several key new partnerships, and CEO Alex Karp accompanied President Trump on a trip to Saudi Arabia. Palantir reported Q1 earnings per share (EPS) of $0.13 on sales of $884 million. That revenue figure was up 39% year over year (YOY), beating Wall Street expectations. There was some cause for concern, however, as global sales declined 10% YOY. Given this international weakness, the timing of Karp's trip to Saudi Arabia could not have been better. Karp, along with other high-profile CEOs, accompanied President Trump on a trip to the Middle Eastern country. The trip ended with Trump announcing that Saudi Arabia had committed to $600 billion in investments and, although specifics were light, some of this is likely to flow into Palantir's coffers. Palantir announced new partnerships with xAI, the Joint Commission, and the manufacturer Fedrigoni. The partnerships will all leverage the company's unique capabilities to boost efficiency, maximize profits, and reshape outdated business practices. The wide range of distinct organizations and problems shows the incredible adaptability of Palantir's technology. This is nothing new for investors who have followed the company at all, but the fact is that Palantir stock is incredibly expensive. The company's price-to-earnings ratio (P/E) currently sits north of 570. Its price-to-sales ratio (P/S) is 105. These are astronomical numbers. Consider this: When Nvidia was seeing peak growth in 2024 -- growth that far outstrips what Palantir is delivering today -- the chipmaker's P/E and P/S were both roughly half that of Palantir's. And when Cisco was at its peak in 2000, before it became the face of the dot-com crash, it too only reached roughly half the valuation that Palantir now carries. I do not believe Palantir can justify this valuation, and it is a matter of time before the stock comes back to Earth. Although it's clear that the company offers an extremely valuable product, I think it's fair to classify it as a meme stock at this point: Too much of its value is driven by pure hype. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy. Why Palantir Stock Soared in May was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
3 hours ago
- Forbes
Is Oracle Stock A Buy At $190?
CHONGQING, CHINA - JUNE 08: In this photo illustration, the logo of Oracle Corporation is displayed ... More on a smartphone screen, with the company's signature red branding visible in the background, on June 08, 2025, in Chongqing, China. (Photo illustration by) Oracle (NYSE:ORCL) recently announced its fourth-quarter results, surpassing Wall Street's expectations. The company reported earnings of $1.70 per share on sales of $15.9 billion, exceeding consensus estimates of $1.64 and $15.6 billion, respectively. This strong performance was largely driven by remarkable growth in its cloud services, especially cloud infrastructure, which surged 52% in Q4 and is projected to increase by an impressive 70% in fiscal year 2026. This trajectory suggests Oracle is well-positioned to exceed its previously stated revenue target of $104 billion for fiscal year 2029. Following these positive results, Oracle's stock (ORCL) jumped 8% to around $190 in extended trading on Wednesday, June 11, 2025. While Oracle's Q4 results were undoubtedly strong, the critical question for investors is whether ORCL stock is a buy at its current price of $190. We believe it is. Despite its high valuation, there's minimal cause for concern, making it an attractive investment. However, its high valuation also means it could be particularly sensitive to adverse events. Our conclusion is based on a comprehensive analysis of Oracle's current valuation compared to its recent operating performance and its present and historical financial condition. Our in-depth assessment across key parameters — Growth, Profitability, Financial Stability, and Downturn Resilience — reveals that Oracle demonstrates a very strong operating performance and financial condition. Going by what you pay per dollar of sales or profit, ORCL stock looks expensive compared to the broader market. Oracle's Revenues have seen notable growth over recent years. Oracle's profit margins are much higher than most companies in the Trefis coverage universe. Oracle's balance sheet looks neutral. ORCL stock has been more resilient than the benchmark S&P 500 index during some of the recent downturns. Worried about the impact of a market crash on ORCL stock? Our dashboard – How Low Can Oracle Stock Go In A Market Crash? – has a detailed analysis of how the stock performed during and after previous market crashes. In summary, Oracle's performance across the parameters detailed above is as follows: Oracle has demonstrated very strong performance across key metrics. While its current valuation of 9.5 times trailing revenues is notably higher than the S&P 500's average of 3 times, this premium appears justified by the company's ambitious growth trajectory. Oracle is projected to increase its revenues from $57 billion in fiscal 2025 to $104 billion in 2029, representing a compound annual growth rate (CAGR) of over 16%. Although the current 9.5x price-to-sales (P/S) ratio is higher than the company's three-year average of 6.6x, we believe this increase in valuation is warranted given its strong outlook. It's important to acknowledge that we could be mistaken with this optimistic view, and some investors may indeed find the stock expensive at current levels. Furthermore, there are inherent risks, such as a potential slowdown in demand if the broader economy weakens, which could specifically impact pricing. Increased competition from other dominant players also poses a challenge. While Oracle appears fundamentally sound from an operating and financial perspective, its valuation introduces a degree of investment risk. In fact, investing in a single stock, or even a small number of stocks, always carries significant risk. Consider Trefis High Quality (HQ) Portfolio, which, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
News24
3 hours ago
- News24
PIC leads a R660 million pledge for green hydrogen
Roughly R660 million has been pledged by development finance institutions to fund green hydrogen projects. The Public Investment Corporation leads the pledge and other parties include the Development Bank of Southern Africa and the Industrial Development Corporation. The parties will finance the SA-H2 fund, which blends public and private capital. For climate change news and analysis, go to News24 Climate Future. South Africa's Public Investment Corporation (PIC), the continent's biggest money manager, and two development institutions have pledged roughly R660 million to a fund for financing green hydrogen projects. The Development Bank of Southern Africa and the Industrial Development Corporation of South Africa will help finance the SA-H2 fund, which blends public and private capital. It is managed by a partnership between Hague-based Climate Fund Managers and Invest International, a Dutch development finance institution. Over various tranches, the IDC and DBSA will each invest $10 million (~R180 million), with PIC putting in $17 million (R300 million). READ | Daniel Mminele | Green and blue bonds are great, but more is needed 'As a long-term investor, the PIC is committed to supporting infrastructure that generates attractive commercial returns while delivering inclusive, broad-based economic impact,' PIC Chief Investment Officer Kabelo Rikhotso said in the statement. Various green hydrogen projects in the region, many of which would be initially geared for exports, are looking to gain momentum. The European Union announced grants last year to get the industry going. Sasol has a project at the port of Boegoebaai on South Africa's northwest coast that would ship the fuel and provide domestic supply for its own operations, though the fuel and chemical maker has made some strategy changes. Climate Fund Managers also committed as much as $20 million (~R360 million) through the SA-H2 fund to complete the development stage of a project by Hive Hydrogen. The company is planning the first large-scale green ammonia production facility in the Eastern Cape province, expected to produce about one million tonnes of green ammonia annually, for export. The project will create over 20 000 jobs during construction and operations. Financial close is expected by the end of 2026, with commercial operations to begin in 2029.
