First-Time Net Income Achievement
Nayax achieved net income for the first time in the company's history, marking a significant milestone and reflecting successful efforts towards profitable growth.
Record Revenue and Growth
Record revenue of $83 million was reported, reflecting a 38% year-over-year growth, driven by both new and existing customer expansion.
Strong Recurring Revenue Growth
Recurring revenue grew 49%, showcasing the strength and resilience of Nayax's business model.
Increase in Customer Base and Devices
Significant growth in customer base, reaching approximately 91,000 customers, and an increase in managed and connected devices to 1,230,000, representing a 40% year-over-year growth.
Improved Gross Margin and Operating Leverage
Gross margin in Q3 improved to 45.7% from 38.1% last year, demonstrating enhanced profitability through operational efficiencies.
Strategic Partnership with Adyen
Nayax announced a strategic partnership with Adyen, expected to generate substantial savings and expand services to new countries, including Brazil, Singapore, and Malaysia.