The stock of Payoneer Global Inc (PAYO) closed the regular trading session at $4.24, losing 6.19% from the previous trading session. On the last check, the stock kept on following the bearish trend, further losing 4.01% in the after-market, to $4.07. PAYO stock kept oscillating between $4.20 and $4.54, in the recent trading session. The company released the fiscal performance for Q4 and FY21. Payoneer also filed the form 10-K and 8-K with the SEC on 3 March 2022.
Payoneer is a financial administrations organization that gives online cash transfers, digital payments and provides clients with working capital. Account-holders can send and get money utilizing an e-wallet. The organization represents considerable authority in working with cross-line B2B payments. Payoneer has a market cap of $1.44 billion and 339.01 million pending shares. The firm has its base in New York, United States of America (USA).
PAYO’s key financials
On 3 March 2022, Payoneer Global Inc (PAYO) released the fiscal performance for Q4 and FY21, which concluded on 31 December 2021. The key financials of the firm are:
- The sales of PAYO expanded by 46.9% in Q4 of FY21 to $139.2 million from $94.7 million in the same period of last year. Also, the sales in 2021 grew by 36.9% to $473.4 million from $345.5 in 2020.
- Moreover, the loss by operations was reduced in Q4 of FY21 by 55.5% to $4.1 million from $9.4 million in the same year-ago period. Also, the loss from operation expanded by 74.6% to $30.2 million in 2021 from $17.2 million in 2020.
- PAYO had a total loss of $18.9 million in Q4 of FY21 versus $11.2 million in Q4 of FY20. This marks an increase of 68.5%. Further, the total loss in 2021 was $33.9 million against $23.7 million in 2020, expanding by 43.1%.
- The company had a loss of $0.06 and $0.33 per stock in Q4 and FY21, respectively.
FY2022 stance
Payoneer (PAYO) estimates the revenue for FY2022 to be in the range of $530 million to $540 million.
CEO Remarks
The CEO of PAYO, Scott Galit, commented that they had an amazing Q4, conveying income and Adjusted EBITDA better than their assumptions. He further said that given their solid position, they are very much hopeful for their future.
Mr Galit concluded that they are amped up for the growth and the positive returns they are creating from their investments as they keep on extending their wide scope of services.
