$PAYO - EARNINGS JUST RELEASED -
Added 2024-11-05 12:54:32 +0000 UTC$PAYO have just released:
Financial Highlights
Payoneer reported a record quarterly revenue of $248.3 million, marking a 19% increase year-over-year. Revenue excluding interest income grew by 24% to $183.1 million. The company also saw a substantial increase in net income, which rose by 224% to $41.6 million. Adjusted EBITDA for the quarter was $69.3 million, reflecting a 19% year-over-year growth.
Interest income for the quarter was $65.2 million, an 8% increase from the same period last year. Transaction costs as a percentage of revenue were 15.3%, showing a slight increase of 70 basis points year-over-year.
Price is up +11% now in the PM and on a fast track to our Second Target now at $10.
Well done to everyone who bought this at the breakout of the wedge and the retest at the 0.618 Fib at $5.
+100% gain since August is nice.
