Payoneer Global Inc
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 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 · Six months ended | ||||||||||||
| · · June 30, · · June 30, | ||||||||||||
| · · 2024 · 2023 · · 2024 · 2023 | ||||||||||||
| Revenues | | $239,520 | | $206,734 | | $467,703 | | $398,748 | ||||
| | | | | | | | | | | | | |
| Transaction costs (Exclusive of depreciation and amortization shown separately below and inclusive of $375 and $436 in interest expense and fees associated with related party transactions during the three months ended June 30, 2024 and 2023, and $812 and $857 during the six months ended June 30, 2024 and 2023 respectively; refer to Notes 11 and 20 for further information) | | 36,961 | | 28,497 | | 70,927 | | 55,578 | ||||
| Other operating expenses | | 41,242 | | 40,527 | | 81,525 | | 80,622 | ||||
| Research and development expenses | | 27,580 | | 27,995 | | 59,631 | | 57,275 | ||||
| Sales and marketing expenses | | 50,614 | | 48,402 | | 100,504 | | 96,228 | ||||
| General and administrative expenses | | 26,102 | | 22,012 | | 50,311 | | 48,693 | ||||
| Depreciation and amortization | | 10,712 | | 5,909 | | 20,120 | | 11,948 | ||||
| Total operating expenses | | 193,211 | | 173,342 | | 383,018 | | 350,344 | ||||
| | | | | | | | | | | | | |
| Operating income | | 46,309 | | 33,392 | | 84,685 | | 48,404 | ||||
| | | | | | | | | | | | | |
| Financial income: | | | | | | | | | ||||
| Gain from change in fair value of Warrants | | | 1,006 | | | 13,586 | | | 2,767 | | | 13,334 |
| Other financial income, net | | | 976 | | | 4,318 | | | 3,723 | | | 6,668 |
| Financial income, net | | | 1,982 | | | 17,904 | | | 6,490 | | | 20,002 |
| | | | | | | | | | | | | |
| Income before taxes on income | | 48,291 | | 51,296 | | 91,175 | | 68,406 | ||||
| | | | | | | | | | | | | |
| Taxes on income | | 15,866 | | | 5,747 | | | 29,776 | | | 14,919 | |
| | | | | | | | | | | | | |
| Net income | | $32,425 | | $45,549 | | $61,399 | | $53,487 | ||||
| | | | | | | | | | | | | |
| Other comprehensive income (loss) | | | | | | | | | | | | |
| Unrealized gain on available-for-sale debt securities, net | | | 872 | | | - | | | 871 | | | - |
| Unrealized loss on cash flow hedges, net | | | (699) | | | - | | | (665) | | | - |
| Tax benefit on unrealized losses on cash flow hedges, net | | | 126 | | | - | | | 120 | | | - |
| Other comprehensive income, net of tax | | | 299 | | | - | | | 326 | | | - |
| | | | | | | | | | | | | |
| Comprehensive income | | $32,724 | | $45,549 | | $61,725 | | $53,487 | ||||
| | | | | | | | | | | | | |
| Per Share Data | | | | | | | | | ||||
| Net income per share attributable to common stockholders — Basic earnings per share | | $0.09 | | $0.12 | | $0.17 | | $0.15 | ||||
| — Diluted earnings per share | | $0.09 | | $0.12 | | $0.16 | | $0.14 | ||||
| | | | | | | | | | | | | |
| Weighted average common shares outstanding — Basic | | 356,315,658 | | 365,000,974 | | 357,795,857 | | 364,260,883 | ||||
| Weighted average common shares outstanding — Diluted | | 373,368,383 | | 387,623,679 | | 376,727,575 | | 392,572,475 | ||||
| | | | | | | | | | | | | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.