Fintech firm Nayax (TASE: NYAX; Nasdaq: NYAX) is to put off about 70 staff, 55 of them in Israel. The corporate employs some 1,200 folks around the globe, so it’s shedding about 6% of its workforce, and 9% of its Israeli workforce.
In response to the report, Nayax acknowledged, “The transfer stems from the necessity to streamline the corporate’s construction following its enlargement lately, together with acquisitions it has carried out, which created overlaps in sure positions, and as a part of persevering with accountable administration of bills and upkeep of an environment friendly working construction.”
Nayax, headed by its co-founder Yair Nechmad, gives cashless fee options. The corporate is traded in Tel Aviv and New York at about its peak ranges.
The corporate has a market cap of $1.86 billion, 4 years after its IPO in Tel Aviv at a valuation of $1 billion. In line with Yahoo! Finance, Nayax is at present lined by 5 analysts, of whom three keep constructive scores for the corporate and two are impartial.
The analysts’ common value goal is $46, however the latest rise within the inventory – up 53.5% because the low it reached in April due to the tariff wars – has led to a scenario by which the share value has overtaken the common value goal, which at present represents an 8.8% low cost.
Within the first quarter of this yr, Nayax’s income grew by 26.7% to $81.1 million, and the corporate switched from a loss to a web revenue of $7.2 million. Its steerage for the yr is for progress of 30-32% to income of $410-425 million, with many of the progress being natural, and adjusted EBITDA of $65-70 million. Nayax has set a goal of annual progress of 35% by 2028, partly by means of acquisitions, and EBITDA margins of 30%.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 7, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
