PaySauce Q3 2019 Market Update

PaySauce Grows Recurring Revenue by 107% and 
Customer Numbers by 113% 
1
 
Wellington, New Zealand - 7 October 2019 
 
SaaS employment solutions provider PaySauce (NZX:PYS) maintains 
strong year-on-year growth for Q3 2019, with total recurring revenue​
1​
up 
107%. The number of employees in New Zealand being paid through 
PaySauce payroll software has increased by 118% to 11,765 people. The 
number of payslips issued has grown 113% to 82,678, and total employers 
processing pays through PaySauce payroll has increased by 113% to 2,248. 
The gross payroll value processed by PaySauce for the quarter totalled 
$133.8 million, an increase of 127%. 
 
Key Metrics​
1 
Q3 2019 Q3 2018 
% YOY 
Change 
Total recurring revenue 
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NZD $400.6K NZD $193.5K 107% 
# Employees (at end of qtr) 11,765 5,394 118% 
# Payslips (total for qtr) 82,678 38,801 113% 
# Payroll customers (at 
end of qtr) 
2,248 1,054 113% 
Gross value of payroll 
processed  
NZD $133.8M NZD $58.9M 127% 
 
 
CEO and co-founder of PaySauce, Asantha Wijeyeratne, reflects on the 
quarter: “We’re really proud to present another quarter of sustained 
growth. Obviously we’ve produced strong numbers, but we’ve also found 
the time to act on our core values. We’re now a Living Wage accredited 
employer, and our internal volunteer time off policy is in active use. We 
finished the quarter with our very first AGM, an excellent chance to meet 
more of our shareholders in person.” 
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​these figures are prepared on the same basis as previous quarterly updates, are unaudited, and may include Non-GAAP 
financial information which does not have a standardised meaning prescribed by GAAP and therefore may not be 
comparable to similar financial information presented by other entities.
2
​total recurring revenue includes subsidy revenue claims that have yet to be finalised with Inland Revenue, and may be 
subject to change. A provision has been made in this figure accordingly.

 
 
KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR THE QUARTER 
● Recurring revenue up 107% to $400.6K 
● Total employees paid through PaySauce up 118% to 11,765 
● Number of payslips issued up 113% to 82,678 
● Number of payroll customers up 113% to 2,248 
● Gross payroll value processed up 127% to $133.8M 
 
For more information about the quarter results to 30 September 2019, please contact  
investor@paysauce.com​. 
 
ABOUT PAYSAUCE 
 
PaySauce is software at work for people, providing employment solutions to 
small and medium-sized businesses. PaySauce enables business owners to pay 
and manage employees accurately and efficiently using the web, iOS, and 
Android applications. The PaySauce platform includes mobile timesheets, payroll 
calculations, banking integration, PAYE filing, labour costing, automated general 
ledger entries and digital employment contracts. 
www.paysauce.com