LSAK FY 2009 Earnings Report — Lesaka Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Lesaka Technologies, Inc.LSAK

FY 2009 Earnings

Reported August 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$247M	—	$254M	—	-2.8%
Op. Income	$93M	—	$110M	—	-15.4%
Gross Margin	71.6%	—	73.4%	—	-1.8pp
Net Margin	35.1%	—	34.1%	—	1.0pp
EPS (Diluted)	$1.53	—	$1.50	—	2.0%
Free Cash Flow	$102M	—	$115M	—	-11.5%

Revenue Flow

Item	Amount
REVENUE	$247M
Cost of Revenue	$70M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$65M
Other Expenses	$17M
Operating Expenses	$81M
Cost & Expenses	$152M
OPERATING INCOME	$93M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	$37M
INCOME BEFORE TAX	$131M
Income Tax Expense	$43M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	-$874.0K
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$17M
EBIT	$95M
EBITDA	$157M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$247M
Cost of Revenue	$70M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$65M
Other Expenses	$17M
Operating Expenses	$81M
Cost & Expenses	$152M
OPERATING INCOME	$93M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	$37M
INCOME BEFORE TAX	$131M
Income Tax Expense	$43M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	-$874.0K
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$17M
EBIT	$95M
EBITDA	$157M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$17M
Stock-Based Compensation	$5M
Deferred Income Tax	$4M
Other Non-Cash Items	-$4M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$5M
Acquisitions (Net)	-$100M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$0
Other Investing Activities	$159.0K
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$39M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$40M
FREE CASH FLOW	$102M
Net Change in Cash	-$52M

Balance Sheet

Item	Amount
Cash & Equivalents	$221M
Short-Term Investments	$0
Net Receivables	$50M
Inventory	$7M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$290M
PP&E (Net)	$7M
Goodwill	$116M
Intangible Assets	$76M
Long-Term Investments	$10M
Tax Assets	-$17M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$209M
TOTAL ASSETS	$499M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$60M
TOTAL CURRENT LIABILITIES	$78M
Long-Term Debt	$0
Deferred Revenue NC	-$40M
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$124M
Common Stock	$59.0K
Additional Paid-In Capital	$127M
Retained Earnings	$353M
Treasury Stock	-$49M
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$373M
Minority Interest	$3M
TOTAL EQUITY	$376M
TOTAL LIABILITIES & EQUITY	$499M
Total Debt	$4M
Net Debt	-$217M