HERZLIYA, Israel (AP) — HERZLIYA, Israel (AP) — Nayax Ltd. (NYAX) on Wednesday reported a loss of $5 million in its first quarter.
On a per-share basis, the Herzliya, Israel-based company said it had a loss of 15 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The financial technology company posted revenue of $64 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $70.9 million.
Nayax expects full-year revenue in the range of $325 million to $335 million.
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