LESAKA TECHNOLOGIES INC

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

10-Q

(Mark One)

☒

QUARTERLY

REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended

September 30, 2024

OR

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND

EXCHANGE ACT OF 1934

For the transition period from

To

Commission file number:

000-31203

(Exact name of registrant as specified in its charter)

Florida

98-0171860

(State or other jurisdiction

(IRS Employer

of incorporation or organization)

Identification No.)

President Place, 4

th

Floor

,

Cnr. Jan Smuts Avenue and Bolton Road

,

Rosebank, Johannesburg

,

,

(Address of principal executive offices, including zip code)

Registrant’s telephone number,

including area code:

343-2000

Not Applicable

(Former Name, Former Address and Former Fiscal Year,

if Changed Since Last Report)

Title of each class

Trading Symbol(s)

Name of each exchange

on which registered

Common stock, par value $0.001 per share

LSAK

NASDAQ

Global Select Market

Indicate by check mark whether

the registrant (1) has filed

all reports required to be

filed by Section 13 or

15(d)

of

the

Securities

Act

of

during

the

preceding

months

(or

for

such

shorter

period

that

the

registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90

days.

YES

☒

NO

☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File

required

to

be

submitted

pursuant

to

Rule

of

Regulation

S-T

(§232.405

of

this

chapter)

during

the

preceding

months (or for such shorter period that the registrant was required to submit such files).

YES

☒

NO

☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated

filer, smaller

reporting company

or an

emerging growth

company. See the

definitions of

“large accelerated

filer,”

“accelerated

filer,”

“smaller

company,”

and

“emerging

growth

company”

in

Rule 12b-2

of

the

Exchange Act (check one):

☐

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☒

Smaller reporting company

☐

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.

☐

Indicate by

check mark

whether the

registrant is

a shell

company (as

defined in

Rule 12b-2

of the

Act). YES

☐

NO

☒

As of November

4, 2024 (the

latest practicable date),

78,018,643

shares of the

registrant’s

common stock, par

value $0.001 per share, net of treasury shares, were outstanding.

Table

of Contents

Page No.

PART

I. FINANCIAL INFORMATION

Financial Statements

Unaudited Condensed Consolidated Balance Sheets as of September 30, 2024 and June

Unaudited Condensed Consolidated Statements of Operations for the three months ended

September 30, 2024 and 2023

Unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income for the

three months ended September 30, 2024 and 2023

Unaudited Condensed Consolidated Statement of Changes in Equity for the three months

ended September 30, 2024 and 2023

Unaudited Condensed Consolidated Statements of Cash Flows for the three months

ended September 30, 2024 and 2023

Notes to Unaudited Condensed Consolidated Financial Statements

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Quantitative and Qualitative Disclosures About Market Risk

Controls and Procedures

Part II. OTHER INFORMATION

Risk Factors