HERZLIYA, Israel - Nayax Ltd. (NASDAQ: NYAX; TASE: NYAX), a commerce enablement and payment platform, announced the promotion of Keren Sharir to President while retaining her role as Chief Marketing Officer (CMO), effective immediately. Sharir, who has been with Nayax since 2014 as CMO, will now take on additional responsibilities, including aligning business operations, building policies, and increasing efficiency across departments.
CEO and Chairman Yair Nechmad expressed confidence in Sharir's ability to contribute to Nayax's strategic goals, citing her decade-long contribution to the company's growth. Sharir's leadership has been pivotal in establishing Nayax's presence in North America and leading the company to its public debut on the Tel Aviv Exchange in 2021.
Sharir, in her response, expressed honor in her expanded role and her commitment to working with the leadership team to deliver value to customers, employees, and stakeholders. Her background includes significant contributions to Nayax's marketing strategy and brand growth, as well as her role in launching Nayax LLC in North America.
The announcement comes with a reminder that forward-looking statements involve risks and uncertainties, and actual results may vary. Nayax is recognized for its innovative solutions in payments and loyalty, aiming to enhance merchant scalability and operational efficiency.
This move aligns with Nayax's mission to improve revenue potential and operational efficiency for its customers. The company maintains a global footprint with 11 offices and approximately 1,100 employees, offering a comprehensive solution for merchants to conduct commerce.
The information in this article is based on a press release statement from Nayax Ltd.
"In other recent news, Nayax Ltd., a leading player in global commerce enablement and payments, has launched a cloud-based payment system, Nayax EV CloudPay, for electric vehicle (EV) charging stations. This system supports over 80 digital and cashless payment methods, reducing inefficiencies in the EV charging payment infrastructure. Analysts from Keefe, Bruyette & Woods, Barclays (LON:BARC), and UBS have initiated coverage of Nayax with ratings of Market Perform, Equal Weight, and Neutral respectively. Furthermore, Nayax has announced a partnership with DKV Mobility to expand payment options in Europe, set to begin in the second half of 2024. The company has also acquired Roseman Engineering Company Ltd., a key player in fuel and EV management solutions, for approximately $5.7 million. These recent developments highlight Nayax's ongoing efforts to improve commerce and payment solutions in line with the growing shift towards electric vehicles."
InvestingPro Insights
As Nayax Ltd. (NASDAQ: NYAX) positions itself for strategic growth with the promotion of Keren Sharir to President and CMO, investors and stakeholders may find recent performance metrics and market analysis from InvestingPro particularly informative. Nayax's market capitalization stands at a robust $856.42 million, reflecting investor confidence in the company's commerce enablement and payment platform capabilities.
Despite facing challenges in profitability, with the company not being profitable over the last twelve months, Nayax has demonstrated a notable revenue growth of 30.1% in the same period. This growth trajectory is further emphasized by a quarterly revenue increase of 39.05%, signaling strong sales performance and potential for future earnings. The company's gross profit margin at 41.69% also underscores its ability to maintain profitability on its core operations, which may be a focal point for Sharir's strategy to enhance operational efficiency.
InvestingPro Tips highlight that analysts expect Nayax to experience sales growth in the current year, which aligns with Sharir's objectives to improve revenue potential for the company. Additionally, with a moderate level of debt, Nayax appears to be managing its financial leverage in a way that could support sustainable growth. It's worth noting that the stock price often moves in the opposite direction of the market, suggesting that Nayax may offer diversification benefits in an investment portfolio. For those interested in a deeper dive, there are additional InvestingPro Tips available at https://www.investing.com/pro/NYAX.
Investors may also consider the InvestingPro Fair Value of $22.84, which provides a data-driven estimate of the stock's worth, and the fact that Nayax does not pay a dividend, which could be a consideration for income-focused investors. With the next earnings date set for November 14, 2024, stakeholders will be watching closely to see how Sharir's leadership will influence the company's financials and strategic direction.
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