Form 8-K
8-K — LESAKA TECHNOLOGIES INC
Accession: 0001062993-26-002361
Filed: 2026-05-06
Period: 2026-05-06
CIK: 0001041514
SIC: 6099 (FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — form8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (exhibit99-1.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: form8k.htm · Sequence: 1
Lesaka Technologies, Inc.: Form 8-K - Filed by newsfilecorp.com
false
2026-05-06
0001041514
Lesaka Technologies, Inc.
0001041514
2026-05-06
2026-05-06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 6, 2026
LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida
000-31203
98-0171860
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)
Registrant’s telephone number, including area code: 011-27-11-343-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbols
Name of each exchange on which registered
Common Shares
LSAK
NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
The following information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition".
On May 6, 2026, Lesaka Technologies, Inc., a Florida corporation (the "Company"), issued a press release setting forth its financial results for the third quarter ended March 31, 2026.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibits
Description
99.1
Press Release, dated May 6, 2026, issued by Lesaka Technologies, Inc.
104
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LESAKA TECHNOLOGIES, INC.
Date: May 6, 2026
By:
/s/ Dan Smith
Name:
Dan Smith
Title:
Group Chief Financial Officer
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: exhibit99-1.htm · Sequence: 2
Lesaka Technologies, Inc.: Exhibit 99.1 - Filed by newsfilecorp.com
Exhibit 99.1
Lesaka's Q3 FY2026 Results: Lesaka achieves the upper end of profitability guidance and raises its FY2026 full year Adjusted Earnings per Share guidance
JOHANNESBURG, May 6, 2026 - Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter of fiscal 2026 ("Q3 2026").
Q3 2026 performance1:
All growth rates are year-on-year between Q3 FY2026 and Q3 FY2025 in ZAR.
Group Level
USD
(In thousands, except per
share data)
ZAR
(In thousands, except per
share data)
Q3 FY26
Q3 FY25
Q3 FY26
Q3 FY25
YoY%
Revenue
183,051
161,450
2,994,536
2,987,226
0.2%
Net Revenue(2)
96,368
73,367
1,576,015
1,357,159
16%
Operating Income(3)
4,085
366
65,013
7,188
804%
Net Income (Loss)(3)
552
(22,353
)
8,383
(409,790
)
nm
Group Adjusted EBITDA(2)(3)
20,612
12,594
337,071
233,026
45%
Basic Earnings (Loss) per Share(3)
0.01
(0.28
)
0.17
(5.15
)
nm
Adjusted Earnings(2)(3)
9,077
2,515
148,349
42,917
246%
Adjusted Earnings per Share(2)(3)
0.11
0.03
1.80
0.52
247%
Segment Level
USD
(In thousands)
ZAR
(In thousands)
Q3 FY26
Q3 FY25
Q3 FY26
Q3 FY25
YoY%
Merchant
Revenue
127,078
128,781
2,079,232
2,382,982
(13%)
Net Revenue(2)
45,926
42,279
751,280
782,191
(4%)
Segment Adjusted EBITDA(3)
9,228
7,900
151,116
146,121
3%
Consumer
Revenue
38,323
24,096
626,514
445,845
41%
Segment Adjusted EBITDA
13,015
6,333
212,537
117,144
81%
Enterprise
Revenue
18,978
9,444
310,481
174,565
78%
Net Revenue(2)
13,447
7,863
219,912
145,289
51%
Segment Adjusted EBITDA
2,125
133
35,047
2,384
1,370%
(1) Average exchange rates applicable for the purpose of translating our results of operations: ZAR 16.77 to $1 for Q3 2026, ZAR 18.40 to $1 for Q3 2025.
(2) Non-GAAP measure. Refer to Attachment A of press release for full reconciliation of non-GAAP measures.
(3) Revised Q3 FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Commenting on the results, Lesaka Chairman Ali Mazanderani said, "I am pleased to report another strong quarter for Lesaka as we continue to improve our profitability. We achieved Group Adjusted EBITDA growth of 45% and an Adjusted Earnings per Share of ZAR 1.80, up more than 200% year-on-year. We have built a diversified platform, with multiple levers of sustainable growth that positions us exceptionally well for the years to come."
Outlook: Full Fiscal Year 2026 ("FY 2026") guidance
While we report our financial results in USD, we measure our operating performance in ZAR, and as such we provide our guidance accordingly.
For FY2026, the year ending June 30, 2026, we expect:
Net Revenue between ZAR 6.2 billion and ZAR 6.5 billion.
Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.35 billion.
Net Income Attributable to Lesaka to be positive.
Adjusted earnings per share between ZAR 5.50 and ZAR 6.00.
Our FY2026 guidance excludes the impact of the announced acquisition of Bank Zero (which is subject to regulatory approvals and other customary closing conditions) and any unannounced mergers and acquisitions that we may conclude.
Management has provided its outlook regarding Net Revenue, Group Adjusted EBITDA and Adjusted earnings per share, which are non-GAAP financial measures and excludes certain revenue and charges. Management has not reconciled these non-GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items is not provided. Management is unable to provide guidance for these reconciling items because they cannot determine their probable significance, as certain items are outside of the control of Lesaka and cannot be reasonably predicted since these items could vary significantly from period to period. Accordingly, reconciliations to the corresponding GAAP financial measures are not available without unreasonable effort.
Earnings Presentation for Q3 FY2026 Results
Our earnings presentation will be posted to the Investor Relations page of our website prior to our earnings call.
Webcast Registration
Link to access the results webcast: https://www.corpcam.com/Lesaka07052026
Participants using the webcast will be able to submit questions during the live Question and Answer session. Link to conference call dial-in registration via Chorus Call: https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=1737086&linkSecurityString=515af47c8
Dial in details and individual pin to be provided on registration. Participants using the conference call dial-in will be able to ask their questions during the live Question and Answer session
Following the presentation, an archived version of the webcast will be provided on Lesaka's Investor Relations website.
Use of Non-GAAP Measures
U.S. securities laws require that when we publish any non-GAAP measures, we disclose the reason for using these non-GAAP measures and provide reconciliations to the most directly comparable GAAP measures. The presentation of Group Adjusted EBITDA, Net Revenue, Adjusted Earnings, Adjusted Earnings per Share, and headline (loss) earnings per share are non-GAAP measures. Refer to Attachment A for a reconciliation of these non-GAAP measures.
Non-GAAP Measures
Group Adjusted EBITDA
Group Adjusted EBITDA is net income (loss) before interest, taxes, depreciation and amortization, adjusted for non-operational transactions (including loss on impairment/disposal of equity-accounted investments), impairment loss, loss from equity-accounted investments, stock-based compensation charges and once-off items. Once-off items represent non-recurring expense items, including costs related to acquisitions and transactions consummated or ultimately not pursued.
Net Revenue
Net revenue is a non-GAAP financial measure. Revenue is the financial measure calculated in accordance with GAAP that is most directly comparable to net revenue. We generate revenue from the provision of transaction-processing services through our various platforms and service offerings. We use these platforms to (a) sell prepaid airtime vouchers ("Pinned Airtime") which was held as inventory, and (b) distribute pre-paid solutions including prepaid airtime vouchers (which we do not hold as inventory) ("Pinless Airtime"), prepaid electricity, gaming vouchers, and other products, to users of our platforms. We act as a principal when we sell Pinned Airtime that were held as inventory and record revenue and cost of sales on a gross basis when sold. We act as an agent in a transaction when we provide pre-paid solutions through our various platforms and services offerings because we do not control the good or service to be provided and we recognize revenue based on the amount that we are contractually entitled to receive for performing the distribution service on behalf of our customers using our platform. Our revenue under GAAP can fluctuate materially due to changes in the revenue mix between these revenue categories. Net Revenue is a non-GAAP measure and is calculated as revenue presented under GAAP less (i) the cost of Pinned Airtime sold by us, and (ii) commissions paid to third parties selling all other agency-based pre-paid solutions (including Pinless Airtime, electricity and other products) provided through our distribution channels. We believe that the use of Net Revenue is meaningful to users of financial information because it seeks to eliminate the impact of the change in the revenue mix from the revenue categories over the periods presented.
Adjusted earnings and Adjusted earnings per share
Adjusted earnings and Adjusted earnings per share is GAAP net income (loss) and income (loss) per share adjusted for the amortization of acquisition-related intangible assets (net of deferred taxes), stock-based compensation charges, and unusual non-recurring items, including costs related to acquisitions and transactions consummated or ultimately not pursued.
Adjusted earnings and Adjusted earnings per share for fiscal 2026 also includes adjustments related to the loss on impairment of equity-accounted investments, impairment loss, ATM exit expenses and impairments, reversal of allowance for doubtful loans receivable, Lesaka rebrand refresh expenses (net of tax), income recognized related to closure of legacy businesses (net of tax), changes in the fair value of equity securities (net of deferred tax), loss on disposal of equity securities, other income and intangible asset amortization, net related to non-controlling interests.
Adjusted earnings and Adjusted earnings per share for fiscal 2025 also includes adjustments related to changes in the fair value of equity securities (net of deferred tax), loss on disposal of equity-accounted investments and intangible asset amortization, net related to non-controlling interests.
Management believes that the Group Adjusted EBITDA, Adjusted earnings and Adjusted earnings per share metrics enhance its own evaluation, as well as an investor's understanding of our financial performance. Attachment A presents the reconciliation between GAAP net income (loss) attributable to Lesaka and these non-GAAP measures and the reconciliation between the basic weighted-average common shares outstanding and unvested restricted shares expected to vest under GAAP and the denominator used for Adjusted earnings per share.
Headline earnings (loss) per share ("HE(L)PS")
The inclusion of HE(L)PS in this press release is a requirement of our listing on the JSE. HE(L)PS basic and diluted is calculated using net income (loss) which has been determined based on GAAP. Accordingly, this may differ to the headline (loss) earnings per share calculation of other companies listed on the JSE as these companies may report their financial results under a different financial reporting framework, including, but not limited to, International Financial Reporting Standards.
HE(L)PS basic and diluted is calculated as GAAP net income (loss) adjusted for the loss on sale of equity-accounted investments, impairment losses related to our equity-accounted investments, change in fair value of equity securities, net, impairment losses and (profit) loss on sale of property, plant and equipment. Attachment C presents the reconciliation between our net income (loss) used to calculate earnings (loss) per share basic and diluted and HE(L)PS basic and diluted and the calculation of the denominator for headline diluted earnings (loss) per share.
About Lesaka Technologies, Inc. (www.lesakatech.com)
Lesaka operates a South African fintech company driven by a purpose to provide financial services, software and other business services to Southern Africa's underserviced consumers and merchants. We offer an integrated and holistic multiproduct platform that provides transactional accounts, lending, insurance, merchant acquiring, cash management, software and Alternative Digital Products ("ADP"). We provide targeted solutions and integrations to facilitate payments between consumers, merchants, and enterprises. By providing a full-service fintech platform in our connected ecosystem, we facilitate the digitization of commerce in our markets.
Lesaka has a primary listing on NASDAQ (NASDAQ:LSAK) and a secondary listing on the Johannesburg Stock Exchange (JSE: LSK). Visit www.lesakatech.com for additional information about Lesaka.
Forward-Looking Statements
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be identified by their use of terms or phrases such as "expects," "estimates," "projects," "believes," "anticipates," "plans," "could," "would," "may," "will," "intends," "outlook," "focus," "seek," "potential," "mission," "continue," "goal," "target," "objective," derivations thereof, and similar terms and phrases. Forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. In this press release, statements relating to future financial results and future financing and business opportunities are forward-looking statements. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in our Form 10-K for the fiscal year ended June 30, 2025 and our Form 10-Q for the quarter ended March 31, 2026, as filed with the SEC, as well as other documents we have filed or will file with the SEC. We assume no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.
Investor Relations and Media Relations Contacts:
Idris Dungarwalla
Email: idris.dungarwalla@lesakatech.com
Mobile: +44 786 225 4852
Akash Dowra
Email: akash.dowra@lesakatech.com
Mobile: +27 83 235 9750
Media Relations Contact:
Ian Harrison
Email: Ian@thenielsennetwork.com
Lesaka Technologies, Inc.
Attachment A
Reconciliation of GAAP income (loss) attributable to Lesaka to Group Adjusted EBITDA:
Three and nine months ended March 31, 2026 and 2025 and three months ended December 31, 2025
Three months ended
Nine months ended
March 31,
Dec 31,
March 31,
2026
2025
2025
2026
2025
Income (Loss) attributable to Lesaka - GAAP(A)
$
552
$
(22,353
)
$
3,645
$
(461
)
$
(59,659
)
(Add) Less net (loss) income attributable to non-controlling interest
115
(20
)
14
246
(48
)
Net income (loss)
437
(22,333
)
3,631
(707
)
(59,611
)
Earnings from equity accounted investments
(56
)
(12
)
(110
)
(166
)
(89
)
Net income (loss) before earnings from equity-accounted investments
381
(22,345
)
3,521
(873
)
(59,700
)
Income tax expense (benefit)
1,503
(2,934
)
670
2,027
(9,268
)
Income (Loss) before income tax expense
1,884
(25,279
)
4,191
1,154
(68,968
)
Loss on disposal of equity securities
-
-
730
730
-
Other income
-
-
(3,883
)
(3,883
)
-
Change in fair value of equity securities
378
20,421
(2,971
)
(2,593
)
54,152
Net loss on impairment/ disposal of equity-accounted investment
-
-
-
584
161
Reversal of allowance for doubtful loans receivable
(1,500
)
-
-
(1,500
)
-
Impairment loss (1)
1,916
-
-
1,916
-
Unrealized loss (gain) FV for currency adjustments
181
(114
)
(133
)
(16
)
102
Operating income (loss) after PPA amortization and net interest (non-GAAP)
2,859
(4,972
)
(2,066
)
(3,608
)
(14,553
)
PPA amortization (amortization of acquired intangible assets)
6,044
4,974
9,481
24,659
13,588
Operating income (loss) before PPA amortization after net interest (non-GAAP)
8,903
2
7,415
21,051
(965
)
Interest expense (A)
4,477
5,869
4,591
14,081
17,251
Interest income
(1,154
)
(645
)
(508
)
(2,201
)
(1,952
)
Operating income before PPA amortization and net interest (non-GAAP)
12,226
5,226
11,498
32,931
14,334
Depreciation and amortization (excluding amortization of intangibles)
4,499
3,455
4,087
12,346
9,340
Interest adjustment
-
(890
)
-
-
(2,478
)
Stock-based compensation charges
1,334
2,497
1,945
5,140
7,518
Once-off items (refer below)
2,553
2,306
247
3,067
4,599
Group Adjusted EBITDA - Non-GAAP(A)
$
20,612
$
12,594
$
17,777
$
53,484
$
33,313
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
(1) Impairments excludes an amount of $0.7 million which is included in the caption exit of ATM business in the table below.
Three months ended
Nine months ended
March 31,
Dec 31,
March 31,
2026
2025
2025
2026
2025
Once-off items comprises:
Transaction costs
$
466
$
1,084
$
200
$
839
$
1,621
Transaction costs related to Adumo, Recharger and Bank Zero acquisitions
144
1,222
47
285
3,174
Lesaka brand refresh
984
-
-
984
-
Exit of ATM business
1,599
-
-
1,599
-
Indirect taxes provision release
(61
)
-
-
(61
)
(196
)
Income recognized related to closure of legacy businesses
(579
)
-
-
(579
)
-
Total once-off items
$
2,553
$
2,306
$
247
$
3,067
$
4,599
Once-off items are non-recurring in nature, however, certain items may be reported in multiple quarters. For instance, transaction costs include costs incurred related to acquisitions and transactions consummated or ultimately not pursued. The transactions can span multiple quarters, for instance in fiscal 2025 we incurred transaction costs related to the acquisition of Recharger over a number of quarters, and the transactions are generally non-recurring.
Exit of ATM business includes expenses incurred to exit our ATM business and the impairment of ATMs recorded in property, plant and equipment.
Rebrand relates to costs incurred related to Lesaka's new brand launched in November 2025, we expect that it will take the remainder of the 2026 calendar year to roll out the refreshed brand throughout the organization. These are non-recurring costs incurred as a necessary step in a set of strategic initiatives designed to create a "One Lesaka" identity for our customers and our employees.
Indirect tax provision release relates to the reversal of a non-recurring indirect tax provision created in fiscal 2023 which was resolved in fiscal 2025 following settlement of the matter with the tax authority.
Income recognized related to closure of legacy businesses represents (i) gains recognized related to the release of the foreign currency translation reserve on deconsolidation of a subsidiary and (ii) costs incurred related to subsidiaries which we are in the process of deregistering/ liquidation and therefore we consider these costs non-operational and ad hoc in nature.
Year ended June 30, 2025 and 2024
Year ended
June 30,
2025
2024
(in thousands)
Net loss attributable to Lesaka (A)
$
(88,741
)
$
(18,515
)
(Less) Add net (loss) income attributable to non-controlling interest
(130
)
-
Loss attributable to Lesaka - GAAP
$
(88,871
)
$
(18,515
)
(Earnings) Loss from equity accounted investments
(114
)
1,279
Net loss before (earnings) loss from equity-accounted investments
(88,985
)
(17,236
)
Income tax (benefit) expense
(18,198
)
3,363
Loss before income tax expense
(107,183
)
(13,873
)
Reversal of allowance for doubtful EMI loans receivable
-
(250
)
Net (gain) loss on disposal of equity-accounted investment
161
-
Change in fair value of equity securities
59,828
-
Impairment loss
18,863
-
Unrealized (gain) loss FV for currency adjustments
23
(83
)
Operating loss after PPA amortization and net interest (non-GAAP)
(28,308
)
(14,206
)
PPA amortization (amortization of acquired intangible assets)
21,384
14,419
Operating (loss) income before PPA amortization after net interest (non-GAAP)
(6,924
)
213
Interest expense (A)
21,824
19,171
Interest income
(2,596
)
(2,294
)
Operating (loss) income before PPA amortization and net interest (non-GAAP)
12,304
17,090
Depreciation (excluding amortization of intangibles)
12,337
9,246
Stock-based compensation charges
9,550
7,911
Interest adjustment
(2,195
)
-
Once-off items (refer below)
17,826
1,853
Group Adjusted EBITDA - Non-GAAP(A)
$
49,822
$
36,100
(A) Revised to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Reconciliation of Revenue under GAAP to Net Revenue:
Three and nine months ended March 31, 2026 and 2025, and three months ended December 31, 2025
Three months ended
Nine months ended
March 31,
Dec 31,
March 31,
2026
2025
2025
2026
2025
Revenue - GAAP
$
183,051
$
161,450
$
178,734
$
533,233
$
491,234
Cost of prepaid airtime vouchers sold by us & commissions paid to third parties selling all other agency-based products
(86,683
)
(88,083
)
(85,331
)
(256,856
)
(281,998
)
Net Revenue (non-GAAP)
$
96,368
$
73,367
$
93,403
$
276,377
$
209,236
Net Revenue / Revenue - GAAP
53%
45%
52%
52%
43%
Merchant segment revenue (before eliminations) - GAAP
$
127,078
$
128,781
$
131,919
$
385,947
$
397,642
Cost of prepaid airtime vouchers sold by us & commissions paid to third parties selling all other agency-based products
(81,152
)
(86,502
)
(83,205
)
(246,913
)
(277,192
)
Merchant Net Revenue (non-GAAP)
$
45,926
$
42,279
$
48,714
$
139,034
$
120,450
Enterprise segment revenue (before eliminations) - GAAP
$
18,978
$
9,444
$
14,796
$
48,627
$
30,259
Cost of prepaid airtime vouchers sold by us & commissions paid to third parties selling all other agency-based products
(5,531
)
(1,581
)
(2,126
)
(9,943
)
(4,806
)
Enterprise Net Revenue (non-GAAP)
$
13,447
$
7,863
$
12,670
$
38,684
$
25,453
Reconciliation of GAAP net income (loss) and earnings (loss) per share, basic, to adjusted earnings and adjusted earnings per share, basic:
Three months ended March 31, 2026 and 2025
Net income (loss)
(USD '000)
E(L)PS, basic
(USD)
Net income (loss)
(ZAR '000)
E(L)PS, basic
(ZAR)
2026
2025
2026
2025
2026
2025
2026
2025
GAAP(A)
552
(22,353)
0.01
(0.28
)
8,383
(409,790
)
0.17
(5.15)
Change in fair value of equity securities, net
378
16,971
6,043
310,636
Intangible asset amortization, net
4,412
3,631
72,110
63,495
Stock-based compensation charge
1,334
2,497
21,798
46,222
Transaction costs
610
2,306
10,150
42,276
ATM exit expenses and impairments
1,599
-
26,792
-
Amortization of intangible assets, net of tax - equity accounted investments
(94
)
(82
)
(1,574
)
(1,503
)
Release of valuation allowance related to deferred tax asset in EasyPay Financial Services
-
(455
)
-
(8,419
)
Income recognized related to closure of legacy businesses, net
(848
)
-
(14,208
)
-
Reversal of allowance for doubtful loans receivable
(1,500
)
-
(25,132
)
-
Lesaka rebrand refresh, net of tax
718
-
11,885
-
Impairment loss (1)
1,916
-
32,102
-
Adjusted(A)
9,077
2,515
0.11
0.03
148,349
42,917
1.80
0.52
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
(1) Impairments excludes an amount of $0.7 million which is included in the caption ATM exit expenses and impairments.
Nine months ended March 31, 2026 and 2025
Net (loss) income
(USD '000)
(L)EPS, basic
(USD)
Net (loss) income
(ZAR '000)
(L)EPS, basic
(ZAR)
2026
2025
2026
2025
2026
2025
2026
2025
GAAP (A)
(461
)
(59,659
)
(0.01
)
(0.82
)
(13,057
)
(1,085,800
)
(0.17
)
(14.79
)
Change in fair value of equity securities, net
(2,593
)
43,618
(43,957
)
796,257
Stock-based compensation charge
5,140
7,518
87,819
136,313
Intangible asset amortization, net
18,001
9,919
308,153
176,163
Transaction costs
1,124
4,795
19,194
86,434
Other
(3,883
)
(196
)
(65,353
)
(3,508
)
Net loss on impairment/disposal of equity-accounted investment
584
161
10,342
2,886
Intangible asset amortization, net related to non-controlling interest
(367
)
(166
)
(6,296
)
(3,006
)
Release of valuation allowance related to deferred tax asset in EasyPay Financial Services
-
(924
)
-
(16,682
)
ATM exit expenses and impairments
1,599
-
26,792
-
Income recognized related to closure of legacy businesses, net
(848
)
-
(14,208
)
-
Reversal of allowance for doubtful loans receivable
(1,500
)
-
(25,132
)
-
Loss on disposal of equity securities
730
-
12,286
-
Lesaka rebrand refresh, net of tax
718
-
11,885
-
Impairment loss (1)
1,916
-
32,102
-
Adjusted(A)
20,160
5,066
0.25
0.07
340,570
89,057
4.15
1.21
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
(1) Impairments excludes an amount of $0.7 million which is included in the caption ATM exit expenses and impairments.
Calculation of the denominator for Adjusted earnings per share
Three months ended
March 31,
Nine months ended
March 31,
2026
2025
2026
2025
('000)
('000)
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest under GAAP
81,845
81,282
81,464
72,333
In the money stock options
643
725
643
725
Acquisition related shares
-
813
-
813
Weighted average number of shares used to calculate Adjusted earnings per share
82,488
82,820
82,107
73,871
Weighted average number of shares used to calculate Adjusted earnings per share represents basic weighted-average common shares outstanding and unvested restricted shares expected to vest plus the effect of stock options that are in the money at the reporting date and shares to be issued related to acquisitions.
Attachment B
Unaudited Condensed Consolidated Financial Statements
Our unaudited condensed consolidated Statements of Operations for the three and nine months ended March 31, 2026 and 2025 in ZAR are presented below. We have translated the results of operations information for the three and nine months ended March 31, 2026 and 2025, provided in the tables below using the actual average exchange rates per month between the USD and ZAR.
Unaudited Condensed Consolidated Statements of Operations
Three months ended
Nine months ended
March 31,
March 31,
2026
2025
2026
2025
(In thousands)
(In thousands)
REVENUE
R
2,994,536
R
2,987,226
R
9,076,273
R
8,899,861
EXPENSE
Cost of goods sold, IT processing, servicing and support (A)
2,027,838
2,167,948
6,219,138
6,649,460
Selling, general and administration (A)
642,142
602,675
1,913,704
1,661,228
Allowance for credit losses
40,953
31,135
158,310
103,669
Depreciation and amortization
172,553
155,919
632,092
415,665
Impairment loss
43,636
-
43,636
-
Transaction costs related to Adumo, Recharger and Bank Zero acquisitions and certain compensation costs
2,401
22,361
4,968
56,809
OPERATING INCOME
65,013
7,188
104,425
13,030
CHANGE IN FAIR VALUE OF EQUITY SECURITIES
(6,043
)
(373,784
)
43,957
(988,494
)
OTHER INCOME
-
-
65,353
-
LOSS ON IMPAIRMENT/DISPOSAL OF EQUITY-ACCOUNTED INVESTMENT
-
-
10,342
2,886
LOSS ON DISPOSAL OF EQUITY SECURITIES
-
-
12,286
-
REVERSAL OF ALLOWANCE FOR DOUBTFUL LOAN RECEIVABLE
(25,132
)
-
(25,132
)
-
INTEREST INCOME
19,086
11,944
37,278
35,347
INTEREST EXPENSE(A)
73,288
108,639
240,274
312,720
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)
29,900
(463,291
)
13,243
(1,255,723
)
INCOME TAX EXPENSE (BENEFIT)
24,310
(53,650
)
33,244
(169,202
)
NET INCOME (LOSS) BEFORE EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS
5,590
(409,641
)
(20,001
)
(1,086,521
)
EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS
938
220
2,789
1,586
NET INCOME (LOSS)
6,528
(409,421
)
(17,212
)
(1,084,935
)
(ADD) LESS NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST
(1,855
)
369
(4,155
)
865
NET INCOME (LOSS) ATTRIBUTABLE TO LESAKA
R
8,383
R
(409,790
)
R
(13,057
)
R
(1,085,800
)
Net earnings (loss) per share, in South African Rands:
Basic earnings (loss) attributable to Lesaka shareholders
R
0.17
R
(5.15
)
R
(0.17
)
R
(14.79
)
Diluted earnings (loss) attributable to Lesaka shareholders
R
0.17
R
(5.15
)
R
(0.17
)
R
(14.79
)
Exchange rate $1: ZAR
16.7685
18.4021
17.1282
18.0393
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Our unaudited condensed consolidated Statements of Cash Flows for the three and nine months ended March 31, 2026 and 2025 in ZAR are presented below. We have translated the cash flow information for the three and nine months ended March 31, 2026 and 2025, provided in the tables below using the actual average exchange rates per month between the USD and ZAR.
Unaudited Condensed Consolidated Statements of Cash Flows
Three months ended
Nine months ended
March 31,
March 31,
2026
2025
2026
2025
(In thousands)
(In thousands)
Cash flows from operating activities
Net income (loss) (A)
R
6,528
R
(409,421
)
R
(17,212
)
R
(1,084,936
)
Depreciation and amortization
172,553
155,919
632,092
415,665
Impairment loss
43,636
-
43,629
-
Movement in allowance for doubtful accounts receivable
40,953
31,135
158,310
103,669
Fair value adjustment related to financial liabilities
(3,275
)
1,940
(2,784
)
(2,808
)
Loss on disposal of equity securities
-
-
12,286
-
Loss on impairment/disposal of equity-accounted investments
-
-
10,342
2,886
Earnings from equity-accounted investments
(938
)
(220
)
(2,790
)
(1,586
)
Reversal of allowance for doubtful loans receivable
(25,132
)
-
(25,132
)
-
Gain on deconsolidation of subsidiary
(14,208
)
-
(14,208
)
-
Change in fair value of equity securities
6,043
373,784
(43,957
)
988,494
Other income
-
-
(65,353
)
-
Profit on disposal of property, plant and equipment
(3,040
)
(220
)
(4,037
)
(959
)
Movement in interest payable
(462
)
53,378
(1,062
)
117,328
Facility fee amortized
1,504
1,533
4,386
3,989
Stock-based compensation charge
21,798
46,222
87,819
136,313
Dividends received from equity accounted investments
1,681
-
1,681
1,165
Decrease (Increase) in accounts receivable
208,571
199,458
(21,723
)
120,835
Increase in finance loans receivable
(9,543
)
(219,419
)
(516,570
)
(400,670
)
Decrease in inventory
120,658
172,817
143,626
78,066
Increase (Decrease) in accounts payable and other payables (A)
29,956
(170,871
)
259,888
(322,498
)
Deferred consideration due to seller of Recharger included in accounts payable and other payables
-
20,794
-
20,384
Increase in taxes payable
20,498
18,712
23,041
29,404
Decrease in deferred taxes
(9,877
)
(81,336
)
(77,436
)
(251,666
)
Net cash provided by (used in) operating activities
607,904
194,205
584,837
(46,924
)
Cash flows from investing activities
Capital expenditures
(55,871
)
(52,151
)
(193,225
)
(236,150
)
Proceeds from disposal of property, plant and equipment
(10,612
)
7,302
5,214
31,206
Acquisition of intangible assets
(19,766
)
(30,907
)
(57,159
)
(41,687
)
Acquisitions, net of cash acquired
(180,233
)
(164,726
)
(186,040
)
(234,156
)
Cash disposed on disposal of subsidiary
-
-
(2,777
)
-
Investment in equity securities
-
-
(4,208
)
-
Proceeds from disposal of equity securities
-
-
50,000
-
Net change in settlement assets
103,944
58,259
115,546
97,813
Net cash used in investing activities
(162,538
)
(182,223
)
(272,649
)
(382,975
)
Cash flows from financing activities
Proceeds from bank overdraft
743,928
394,300
1,585,486
1,689,434
Repayment of bank overdraft
(482,320
)
(932,884
)
(1,404,556
)
(1,569,781
)
Long-term borrowings utilized
11,480
3,249,662
81,470
3,495,887
Repayment of long-term borrowings
(170,444
)
(2,485,653
)
(211,872
)
(2,730,300
)
Acquisition of non-controlling interests
(59,278
)
-
(59,278
)
-
Acquisition of treasury stock
(640
)
(499
)
(5,201
)
(221,976
)
Proceeds from exercise of stock options
-
1,082
-
2,005
Guarantee fee
-
(9,961
)
(575
)
(17,532
)
Dividends paid to non-controlling interest
-
(2,398
)
-
(7,744
)
Net change in settlement obligations
(98,170
)
(59,755
)
(104,952
)
(101,935
)
Net cash (used in) provided by financing activities
(55,445
)
153,894
(119,481
)
538,058
Effect of exchange rate changes on cash
2,901
(4,365
)
(6,462
)
(1,438
)
Net increase in cash, cash equivalents and restricted cash
392,821
161,511
186,244
106,722
Cash, cash equivalents & restricted cash - beginning of period
1,154,179
1,143,653
1,360,756
1,198,442
Cash, cash equivalents & restricted cash - end of period
R
1,547,001
R
1,305,164
R
1,547,001
R
1,305,164
Exchange rate $1: ZAR
16.7685
18.4021
17.1282
18.0393
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Our unaudited condensed consolidated balance sheets as of March 31, 2026 and June 30, 2025 in ZAR are presented below. Amounts included in these balance sheets have been calculated using the $ amounts per our balance sheets presented in U.S. dollars and converted to ZAR using the exchange rates noted below.
Unaudited Condensed Consolidated Balance Sheets
March 31,
June 30,
2026
2025
(In thousands, except share data)
ASSETS
CURRENT ASSETS
Cash and cash equivalents
R
1,544,886
R
1,358,643
Restricted cash
2,115
2,113
Accounts receivable, net of allowance and other receivables
775,794
755,048
Finance loans receivable, net
1,695,634
1,315,853
Inventory
298,392
418,157
Total current assets before settlement assets
4,316,821
3,849,814
Settlement assets
365,578
481,136
Total current assets
4,682,399
4,330,950
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of - March: R1,100,437; June: R978,074 (Note 1)
763,275
797,644
OPERATING LEASE RIGHT-OF-USE
143,448
172,068
EQUITY-ACCOUNTED INVESTMENTS
4,042
3,533
GOODWILL
3,532,856
3,540,338
INTANGIBLE ASSETS, including integrated platform of- March: R1,253,095; June: R1,408,767
2,115,555
2,471,818
DEFERRED INCOME TAXES
191,139
222,901
OTHER LONG-TERM ASSETS
79,843
67,630
TOTAL ASSETS
11,512,557
11,606,882
LIABILITIES
CURRENT LIABILITIES
Short-term credit facilities
611,060
434,457
Accounts payable
330,254
352,747
Other payables(A)
1,359,939
1,350,032
Operating lease liability - current
74,248
71,146
Current portion of long-term borrowings
261,430
212,284
Income taxes payable
43,051
24,858
Total current liabilities before settlement obligations
2,679,982
2,445,524
Settlement obligations
369,041
473,980
Total current liabilities
3,049,023
2,919,504
DEFERRED INCOME TAXES
497,069
602,281
OPERATING LEASE LIABILITY - LONG TERM
100,430
108,823
LONG-TERM BORROWINGS
3,176,693
3,352,450
OTHER LONG-TERM LIABILITIES, including insurance policy liabilities
61,746
53,106
TOTAL LIABILITIES
6,884,961
7,036,164
TOTAL EQUITY AND REDEEMABLE COMMON STOCK(A)
R
4,627,596
R
4,570,718
Exchange rate $1: ZAR
17.0568
17.7554
Note 1: In October 2025, the Company identified that it had understated its June 30, 2025, cost and accumulated depreciation by ZAR 114.5 million. The carrying value of property, plant and equipment reported as of June 30, 2025 was not impacted by the misstatement. Accumulated depreciation has been recast to increase the amount from ZAR 863,552 to ZAR 978,074.
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Attachment C
Reconciliation of net income (loss) used to calculate earnings (loss) per share basic and diluted and headline earnings (loss) per share basic and diluted:
Three months ended March 31, 2026 and 2025
2026
2025
Net income (loss) (USD'000)(A)
552
(22,353
)
Adjustments:
Change in fair value of equity securities, net
378
16,971
Income recognized related to closure of legacy businesses
(848
)
-
Impairment loss
2,604
-
Profit on sale of property, plant and equipment
(188
)
(12
)
Tax effects on above
51
3
Net income (loss) used to calculate headline earnings (loss) (USD'000)(A)
2,549
(5,391
)
Weighted average number of shares used to calculate net earnings (loss) per share basic earnings (loss) and headline earnings (loss) per share basic earnings (loss) ('000)
81,845
81,282
Weighted average number of shares used to calculate net earnings (loss) per share diluted earnings (loss) and headline earnings (loss) per share diluted earnings (loss) ('000)
82,024
81,282
Headline earnings (loss) per share:
Basic, in USD
0.03
(0.07
)
Diluted, in USD
0.03
(0.07
)
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Nine months ended March 31, 2026 and 2025
2026
2025
Net loss (USD'000)(A)
(461
)
(59,659
)
Adjustments:
Loss on disposal of equity securities
730
-
Change in fair value of equity securities, net
(2,593
)
43,618
Net loss on impairment/disposal of equity-accounted investment
584
-
Income recognized related to closure of legacy businesses
(848
)
-
Impairment loss
2,604
-
Profit on sale of property, plant and equipment
(245
)
(53
)
Tax effects on above
66
14
Net loss used to calculate headline loss (USD'000)(A)
(163
)
(16,080
)
Weighted average number of shares used to calculate net loss per share basic loss and headline loss per share basic loss ('000)
81,464
72,333
Weighted average number of shares used to calculate net loss per share diluted loss and headline loss per share diluted loss ('000)
81,464
72,333
Headline loss per share:
Basic, in USD
-
(0.22
)
Diluted, in USD
-
(0.22
)
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Calculation of the denominator for headline diluted earnings (loss) per share
Three months ended
March 31,
Nine months ended
March 31,
2026
2025
2026
2025
('000)
('000)
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest under GAAP
81,845
81,282
81,464
72,333
Effect of dilutive securities under GAAP
179
-
-
-
Denominator for headline diluted earnings (loss) per share
82,024
81,282
81,464
72,333
Weighted average number of shares used to calculate headline diluted loss per share represents the denominator for basic weighted-average common shares outstanding and unvested restricted shares expected to vest plus the effect of dilutive securities under GAAP. We use this number of fully diluted shares outstanding to calculate headline diluted loss per share because we do not use the two-class method to calculate headline diluted loss per share.
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 9
v3.26.1
Document and Entity Information Document
May 06, 2026
Document Information [Line Items]
Document Type
8-K
Document Creation Date
May 06, 2026
Document Period End Date
May 06, 2026
Amendment Flag
false
Entity Registrant Name
Lesaka Technologies, Inc.
Entity Address, Address Line One
President Place, 4th Floor, Cnr.
Entity Address, Address Line Two
Jan Smuts Avenue and Bolton Road
Entity Address, City or Town
Rosebank, Johannesburg
Entity Address, Country
ZA
Entity Address, Postal Zip Code
Entity Incorporation, State Country Name
FL
City Area Code
11
Region code of country
27
Local Phone Number
343-2000
Entity File Number
000-31203
Entity Central Index Key
0001041514
Entity Emerging Growth Company
false
Entity Tax Identification Number
98-0171860
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Shares
Trading Symbol
LSAK
Security Exchange Name
NASDAQ
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Region code of country
+ References
No definition available.
+ Details
Name:
dei_CountryRegion
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The date the document was made available and submitted, in YYYY-MM-DD format. The date of submission, date of acceptance by the recipient, and the document effective date are all potentially different.
+ References
No definition available.
+ Details
Name:
dei_DocumentCreationDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details
Name:
dei_DocumentInformationLineItems
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
ISO 3166-1 alpha-2 country code.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCountry
Namespace Prefix:
dei_
Data Type:
dei:countryCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration