Financial Performance - Payoneer achieved a record annual volume of 80billion,reflectinga21977.7 million, representing an 18% increase compared to 2023[2]. - Net income for Q4 2024 was 18.2million,adecreaseof33121.2 million[2][5]. - Adjusted EBITDA for 2024 was 270.6million,up32261.739 million, a 16.7% increase from 224.320millioninQ42023[21].−Totalrevenuesfortheyear2024were977.716 million, up 17.6% from 831.103millionin2023[21].−OperatingincomeforQ42024was29.184 million, compared to 25.706millioninQ42023,reflectinga9.763.271 million, an increase of 21.5% from 52.245millioninQ42023[27].−RevenuerecognizedfromcontractswithcustomersforQ42024was198.233 million, a 26.4% increase from 156.774millioninQ42023[22].−InterestincomeoncustomerbalancesforQ42024was60.595 million, a decrease of 6.5% from 64.867millioninQ42023[22].−GreaterChinacontributed89.938 million in revenue for Q4 2024, up 12.5% from 80.244millioninQ42023[24].CustomerandMarketGrowth−Thecompanyreporteda423.0 billion[6][12]. - Active Ideal Customer Profiles (ICPs) grew by 8% year-over-year, totaling 560,000[6]. Future Projections - Payoneer plans to achieve revenue guidance of 1,040millionto1,050 million for 2025[11]. Expenses and Liabilities - The company reported total operating expenses of 232.555millionforQ42024,comparedto198.614 million in Q4 2023, representing a 17.1% increase[21]. - Total current liabilities rose to 7.13billionin2024,upfrom6.54 billion in 2023, indicating an increase of 9.0%[33]. Assets and Cash Flow - Total assets increased to 7.93billionin2024from7.28 billion in 2023, reflecting a growth of 8.9%[33]. - Cash and cash equivalents decreased to 497.47millionin2024from617.02 million in 2023, a decline of 19.4%[33]. - Net cash provided by operating activities for 2024 was 176.93million,comparedto159.49 million in 2023, representing a growth of 10.9%[35]. - Net cash used in investing activities significantly increased to 1.96billionin2024from44.25 million in 2023[35]. Shareholder Information - The weighted average common shares outstanding for diluted earnings per share was 385,074,151 for Q4 2024, compared to 379,881,231 for Q4 2023[21]. - Basic earnings per share for Q4 2024 was 0.05,downfrom0.08 in Q4 2023, while diluted earnings per share decreased from 0.07to0.05[31]. - Total shareholders' equity increased to 724.79millionin2024from664.27 million in 2023, a rise of 9.1%[33]. Tax and Other Financial Activities - Cash paid for taxes in 2024 was 52.32million,comparedto40.91 million in 2023, reflecting a 28.0% increase[35]. - The company reported a loss on Warrant repurchase/redemption of 19.83millionin2024,withnosuchlossreportedin2023[35].StrategicInitiatives−Thecompanyimplementedstrategiestoreducesensitivitytointerestratefluctuations,with1.8 billion of customer funds invested in US treasury securities[12]. - Payoneer acquired Skuad, enhancing its financial stack for SMBs operating internationally[12]. - The company reported a record $1.5 billion in spend on Payoneer cards, a 36% increase year-over-year[12].
Payoneer (PAYO)2025-02-27 12:35