ThePieMan
10 months ago
Somebody buying up shares this month....1/5/2024 Purchase 26,336 $329,552.59 $12.51
1/8/2024 Purchase 800 $10,121.99 $12.65
1/10/2024 Purchase 51,623 $664,434.26 $12.87
1/11/2024 Purchase 291,007 $3,889,750.02 $13.37
1/12/2024 Purchase 25,955 $350,763.42 $13.51
1/16/2024 Purchase 204,279 $2,735,566.32 $13.39
1/17/2024 Purchase 90,369 $1,262,098.40 $13.97
1/18/2024 Purchase 27,711 $388,757.03 $14.03
1/19/2024 Purchase 5,941 $83,346.49 $14.03
(1) Total Cost and Price per Common Share include fees and commissions to broker.
realfast95
2 years ago
Paysafe Reports Fourth Quarter and Full Year 2022 Results; Provides 2023 Outlook
March 09 2023 - 06:55
Paysafe Limited (โPaysafeโ or the โCompanyโ) (NYSE: PSFE), a leading payments platform, today announced its financial results for the fourth quarter and full year 2022.
Fourth Quarter 2022 Financial Highlights
(Metrics compared to fourth quarter of 2021)
Total Payment Volume of $33.1 billion*, increased 5%
Revenue of $383.6 million, increased 3%; increased 8% on a constant currency basis
Net loss attributable to the Company of $33.7 million, compared to net income attributable to the Company of $90.3 million
Adjusted net income of $33.1 million, compared to $52.2 million
Adjusted EBITDA of $107.6 million, increased 2%; increased 6% on a constant currency basis
Full Year 2022 Financial Highlights
(Metrics compared to full year 2021)
Total Payment Volume of $130.1 billion*, increased 6%
Revenue of $1,496.1 million, increased 1%; increased 5% on a constant currency basis
Net loss attributable to the Company of $1.9 billion and inclusive of non-cash impairment charges of $1.9 billion in 2022, compared to $111.0 million
Adjusted net income of $137.0 million, compared to adjusted net income of $185.8 million
Adjusted EBITDA of $410.0 million, decreased 8%; decreased 3% on a constant currency basis
Bruce Lowthers, CEO of Paysafe, commented: โWe are pleased with our progress and fourth quarter financial results, including 8% year-over-year constant currency revenue growth. When I joined Paysafe, we said our focus would be on returning to growth in the back half of the year and into 2023, and we have done exactly that. We have recruited high-caliber talent, simplified and re-positioned the business, and re-built our sales organization, which is driving early success in cross-selling and multi-product client wins. Looking ahead, we remain relentlessly focused on client experience, product innovation, and further sales transformation to fully leverage our assets globally and capture meaningful growth opportunities for years to come."
Z-Axis
2 years ago
Hopefully this won't be like typical R/S stocks and get sold off, but so far, this stock is just a swirlling turd down the SPAC Bowl. Also, hopefully it WILL help those investing houses that don't allow their clients to invest in anything below the $5 mark.
I want my $$$ back, or at the very least, -10% initial "investment".
Good luck all,
zenner
realfast95
2 years ago
Reverse Stock Split
Today Paysafe also announced that it intends to hold a special meeting of shareholders on December 8, 2022 to seek approval for a 1-for-12 reverse stock split of the Companyโs common shares and a corresponding decrease in the total number of authorized shares. If approved by shareholders, the reverse split is expected to be completed prior to year-end.
The Board reserves its right to delay the implementation or elect not to proceed with the reverse stock split if it determines that implementing a reverse split is no longer in the best interests of the Company and its shareholders.
The reverse stock split will affect all shareholders uniformly and will not affect any shareholderโs percentage ownership interest in the Company, except as a result of rounding for fractional amounts. Shareholders are not expected to receive fractional shares in connection with the reverse stock split. Instead, shareholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by 12 are expected to receive an additional fraction of a share to round up to the next whole share.
Additional information regarding the special meeting, including a proxy statement, will be sent to shareholders and filed with the Securities and Exchange Commission.
realfast95
2 years ago
Paysafe Q3 EPS $0.00 Vs. $(0.20) YoY, Sales $366.00M Beat $355.94M Estimate
Raises FY22 Sales Guidance from 1.47B-$1.49B to $1.483B-$1.49B vs $1.47B Est
Third Quarter 2022 Financial Highlights
(Metrics compared to third quarter of 2021)
Total Payment Volume of $32.5 billion*, increased 5%
Revenue of $366.0 million, increased 4%; Revenue increased 10% on a constant currency basis
Net Income attributable to the Company of $1.0 million, compared to net loss attributable to the Company of $147.2 million
Adjusted net income of $29.2 million, compared to adjusted net income of $39.4 million
Adjusted EBITDA of $95.5 million, decreased 10%; Adjusted EBITDA decreased 5% on a constant currency basis
realfast95
2 years ago
Paysafe Q2 EPS $(0.87) Down From $(0.04) YoY, Sales $378.90M Beat $375.52M Estimate
Second Quarter 2022 Financial Highlights
(Metrics compared to second quarter of 2021)
Total Payment Volume of $33.4 billion*, increased 3%
Revenue of $378.9 million, decreased 1%; Revenue increased 3% on a constant currency basis
Net loss attributable to the Company of $631.5 million, compared to net income attributable to the Company of $6.6 million, and inclusive of a non-cash impairment charge of $676.5 million
Adjusted net income of $37.5 million, compared to adjusted net income of $66.4 million
Adjusted EBITDA of $103.0 million, decreased 13%; Adjusted EBITDA decreased 9% on a constant currency basis
Guidance
Q3 $350 - $365 Adjusted EBITDA $90 - $95
Year $1,470 - $1,490, was $1,530 - $1,580\
Year EBITDA $400 - $415, was $440 - $460
realfast95
3 years ago
Paysafe Registers 3% Revenue Decline In Q1 Due To Mixed Segment Performance; Reiterates FY22 Outlook
8:03 am ET May 11, 2022 (Benzinga) Print
Paysafe Limited (NYSE: PSFE) reported a first-quarter FY22 revenue decline of 3% year-on-year to $367.7 million, missing the consensus of $371.7 million. Total Payment Volume of $31.2 billion increased 13% Y/Y.
Segments: US Acquiring revenue rose 10.3% Y/Y to $169.1 million, eCash revenue declined 10.5% Y/Y to $101.1 million, Digital Wallets revenue fell 13.4% Y/Y to $82.2 million, and Integrated & Ecommerce Solutions revenue decreased 1.5% Y/Y to $23.2 million.
The adjusted EBITDA margin contracted 170 bps to 28.3%.
Paysafe held $1.97 billion in cash and equivalents, including customer accounts, and generated $503.8 million in operating cash flow.
CFO Izzy Dawood commented: "We are particularly pleased with the strong performance from our US Acquiring business, which delivered double-digit volume, revenue, and adjusted EBITDA growth. We are winning across Digital Commerce, and the turnaround of the digital wallet business continues to show progress. Additionally, Paysafe is succeeding in North America iGaming, recently launching in Ontario's new private market. Despite macro headwinds, we remain confident in our full-year outlook supported by continued momentum in US Acquiring and our pipeline across Digital Commerce."
Outlook: Paysafe reaffirmed FY22 revenue guidance of $1.53 billion โ $1.58 billion.
Price Action: PSFE shares traded lower by 3.07% at $2.21 in the premarket on the last check Wednesday.
realfast95
3 years ago
Paysafe Announces New CEO
April 07 2022 - 04:05PM
Former FIS President and Fintech Industry Leader, Bruce Lowthers, Appointed Chief Executive Officer of Paysafe with Mandate to Scale the Company; Succeeds Philip McHugh
Company Reaffirms Guidance for First Quarter and Full Year 2022
Paysafe Limited (โPaysafeโ or the โCompanyโ) (NYSE: PSFE) (PSFE.WS), a leading specialized payments platform, today announced that fintech industry leader, Bruce Lowthers, has been appointed as Chief Executive Officer and Executive Director of Paysafe. Lowthers, who will join the company by May 1, 2022, succeeds Philip McHugh, who is stepping down as CEO and as a member of the Companyโs Board of Directors. The CEO transition builds on the recent appointment of Daniel Henson as Non-Executive Chairman in March.
Throughout his career, Lowthers has earned a strong reputation as a results-focused leader who has driven transformation, innovated at speed and enhanced customer experiences for multiple global organizations. He joins Paysafe after a 15-year tenure at FIS, one of the worldโs leading fintech companies, where he modernized and accelerated the growth of the Fortune 250 company.
Daniel Henson, Chairman of the Paysafe Board, commented: โBruce is an exceptional executive whose proven track record of driving sustained results and enterprise value is second to none. In particular, he has successfully scaled and transformed many global organizations. Paysafe is at an exciting inflection point on its journey and we are confident Bruce is the right leader to take it to the next level of growth.โ
Bruce Lowthers commented: โPaysafe has a highly differentiated and innovative payments offering and is at the forefront of enabling improved payments experiences for both businesses and consumers around the world. I am excited by the significant growth opportunities ahead for Paysafe and by the financial outcomes and value we can achieve for our customers, employees, and shareholders as we scale the global business. I am thrilled to be joining the talented Paysafe team at such a pivotal time!โ
Lowthers succeeds Philip McHugh, who led Paysafe through the pandemic and took the company public, positioning it for its next phase of growth.
Daniel Henson added: โOn behalf of the Board, I want to thank Philip for his leadership over the past three years. He has taken Paysafe public, expanded its footprint and established value-added relationships while upgrading the Companyโs product and tech capabilities. The strong foundation Philip and team have put in place sets Paysafe up for sustainable, long-term growth. We are very grateful for his dedication to the Company and thank him for his service.โ
Philip McHugh said: โIt has been a real privilege to lead the transformation at Paysafe over the past few years and work with so many talented colleagues. Bruce and I know each other well, heโs a great leader and Iโm excited to see where he can take Paysafe. I want to personally thank the team and wish Bruce, the Board and the entire Paysafe community, all the very best for the future.โ
Paysafe reaffirms its revenue and adjusted EBITDA guidance for the first quarter and full year 2022, previously announced on March 2, 2022. Paysafe plans to release its first quarter financial results on Wednesday, May 11, 2022.