Payoneer Global Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
PAYO$7.16+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed consolidated statements of comprehensive income (Unaudited)
U.S. DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA
| | | | | | | |
|---|---|---|---|---|---|---|
| | Three months ended | |||||
| · · March 31, | ||||||
| · · 2024 · 2023 | ||||||
| Revenues | | $228,183 | | $192,014 | ||
| | | | | | | |
| Transaction costs (Exclusive of depreciation and amortization shown separately below and inclusive of $438 and $421 in interest expense and fees associated with related party transactions during the three months ended March 31, 2024 and 2023, respectively; refer to Notes 11 and 20 for further information) | | 33,966 | | 27,081 | ||
| Other operating expenses | | 40,283 | | 40,095 | ||
| Research and development expenses | | 32,051 | | 29,280 | ||
| Sales and marketing expenses | | 49,890 | | 47,826 | ||
| General and administrative expenses | | 24,209 | | 26,681 | ||
| Depreciation and amortization | | 9,408 | | 6,039 | ||
| Total operating expenses | | 189,807 | | 177,002 | ||
| | | | | | | |
| Operating income | | 38,376 | | 15,012 | ||
| | | | | | | |
| Financial income (expense): | | | | | ||
| Gain (loss) from change in fair value of Warrants | | | 1,761 | | | (252) |
| Other financial income, net | | | 2,747 | | | 2,350 |
| Financial income, net | | | 4,508 | | | 2,098 |
| | | | | | | |
| Income before taxes on income | | 42,884 | | 17,110 | ||
| | | | | | | |
| Taxes on income | | 13,910 | | | 9,172 | |
| | | | | | | |
| Net income | | $28,974 | | $7,938 | ||
| | | | | | | |
| Other comprehensive income (loss) | | | | | | |
| Unrealized loss on available-for-sale debt securities, net | | | (1) | | | - |
| Unrealized gain on cash flow hedges, net | | | 34 | | | - |
| Tax expense on unrealized gains on cash flow hedges, net | | | (6) | | | - |
| Other comprehensive income, net of tax | | | 27 | | | - |
| | | | | | | |
| Comprehensive income | | $29,001 | | $7,938 | ||
| | | | | | | |
| Per Share Data | | | | | ||
| Net income per share attributable to common stockholders — Basic earnings per share | | $0.08 | | $0.02 | ||
| — Diluted earnings per share | | $0.08 | | $0.02 | ||
| | | | | | | |
| Weighted average common shares outstanding — Basic | | 359,306,195 | | 360,220,161 | ||
| Weighted average common shares outstanding — Diluted | | 378,715,301 | | 388,308,279 | ||
| | | | | | | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.