Nayax Provides a Business Operations Update
18 Octobre 2023 - 2:00PM
Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX) (“
Nayax” or
the “
Company”), a global commerce enablement,
payments and loyalty platform designed to help merchants scale
their business, today announced that an internal analysis of
actual and potential effects of the ongoing war in Israel has
concluded, based on what we know as of today, that the war has not
materially disrupted the Company's business operations, nor is it
expected at this time to have a material adverse effect on the
Company's ongoing business operations.
Specifically, the analysis concluded that there
are no current or expected material interruptions to the Company's
business continuity, supply chain, sales of products or services,
backlog of orders or employee productivity. While the Company's
R&D center is located in Israel, only approximately 8% of its
revenues are derived from Israel, and such revenues are not
currently expected to be materially impacted by the war.
Because the security situation in Israel is
developing rapidly, the Company's conclusions about the impact of
the war on its business operations and financial results may change
as the war continues. Nayax will provide further public updates as
warranted. The Company also recommends reference to our risk factor
titled "Political, economic and military conditions in Israel could
materially and adversely affect our business" included in the
Company's Annual Report on Form 20-F filed with the U.S. Securities
and Exchange Commission on March 1, 2023. The report can be found
here: Nayax SEC Filings
Yair Nechmad, Nayax co-founder and Chief
Executive Officer commented: "We are heartbroken by the horrific
acts of violence and terror that occurred in Israel. As always, our
first responsibility during these uncertain times is the health and
safety of our employees and their families. Our deepest condolences
to all the people and families who have been affected and have lost
loved ones. We hope for the safe and speedy return of all the
hostages. Our thoughts are with our employees and customers in
Israel. While the terrible situation in Israel continues, we remain
confident in the execution of our strategy and long-term growth
plans.”
Forward-Looking Statements
This press release contains statements that
constitute forward-looking statements. Many of the forward-looking
statements contained in this press release can be identified by the
use of forward-looking words such as “anticipate,” “believe,”
“could,” “expect,” “should,” “plan,” “intend,” “estimate” and
“potential,” among others, including expectations about the impact
of the war in Israel on the Company's business operations and
financial results. Forward-looking statements include, but are not
limited to, statements regarding our intent, belief or current
expectations. Forward-looking statements are based on our
management’s beliefs and assumptions and on information currently
available to our management. Such statements are subject to risks
and uncertainties, and actual results may differ materially from
those expressed or implied in the forward-looking statements due to
of various factors, including, but not limited to: the development
of the war, our expectations regarding general market conditions;
changes in the market and political perspective of Israel;
fluctuations in inflation, interest rate and exchange rates in the
global economic environment; the availability of qualified
personnel and the ability to retain such personnel; changes in
commodity costs, labor, distribution and other operating costs; our
ability to implement our growth strategy; changes in government
regulation and tax matters; other factors that may affect our
financial condition, liquidity and results of operations; general
economic, political, demographic and business conditions in Israel;
and other risk factors discussed under “Risk Factors” in our annual
report on Form 20-F filed with the SEC on March 1, 2023 (our
"Annual Report"). The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements. The
forward-looking statements are based on our beliefs, assumptions
and expectations of future performance, taking into account the
information currently available to us. These statements are only
estimates based upon our current expectations and projections about
future events. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements. In particular, you should consider the risks provided
under “Risk Factors” in our Annual Report. You should not rely upon
forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Each forward-looking statement speaks only
as of the date of the particular statement. Except as required by
law, we undertake no obligation to update publicly any
forward-looking statements for any reason, to conform these
statements to actual results or to changes in our expectations.
About Nayax
Nayax is a global commerce enablement, payments
and loyalty platform designed to help merchants increase their
revenue while decreasing their operational cost. Nayax offers a
complete solution including localized cashless payment acceptance,
management suite, and consumer engagement tools, enabling merchants
to conduct commerce anywhere, at any time. With foundations and
global leadership in serving unattended retail, Nayax has
transformed into a comprehensive solution focused on our customers'
growth across multiple channels. Today, Nayax has 9 global offices,
approximately 800 employees, connections to more than 80 merchant
acquirers and payment method integrations and is a recognized
payment facilitator worldwide. Nayax's mission is to improve our
customers' revenue potential and operational efficiency. For more
information, please visit www.nayax.com
Public Relations Contact: Courtney Tolbert5W
PRctolbert@5wpr.com
Investor Relations Contact:Virginea Stuart
GibsonVice President, Investor
Relationsvirgineas@nayax.com
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