PaySauce Q4 2019 Market Update

PaySauce Grows Recurring Revenue by 96% and 
Customer Numbers by 108% 
1
 
Wellington, New Zealand - 15 January 2020 
 
SaaS employment solutions provider PaySauce (NZX:PYS) continues to 
deliver strong year-on-year growth, with total recurring revenue​
1​
up 96% 
for Q4 2019. The number of employees in New Zealand being paid through 
PaySauce payroll software increased by 114% to 13,349 people. The number 
of payslips issued grew 106% to 98,443, and total employers processing 
pays through PaySauce payroll increased by 108% to 2,434. The gross 
payroll value processed by PaySauce for the quarter totalled $160.3 million, 
an increase of 120%. 
 
Key Metrics​
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Q4 2019 Q4 2018 
% YOY 
Change 
Total recurring revenue 
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NZD $461.4K NZD $235.4K 96% 
# Employees (at end of qtr) 13,349 6,227 114% 
# Payslips (total for qtr) 98,443 47,814 106% 
# Payroll customers (at 
end of qtr) 
2,434 1,171 108% 
Gross value of payroll 
processed  
NZD $160.3M NZD $73M 120% 
 
 
CEO and co-founder of PaySauce, Asantha Wijeyeratne, reflects on the 
quarter: “It’s safe to say we ended the year on a high note, being named by 
Deloitte as one of the fastest-growing tech companies in the Asia-Pacific 
region, and hitting another milestone of $2M ARR based on December 
monthly revenue. While the majority of our customers come from the 
agriculture sector, this quarter has seen our customer base diversify across 
a range of rural industries. We’re really excited to be heading into 2020 
with a renewed focus on partnerships and customer experience.” 
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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 96% to $461.4K 
● Total employees paid through PaySauce up 114% to 13,349 
● Number of payslips issued up 106% to 98,443 
● Number of payroll customers up 108% to 2,434 
● Gross payroll value processed up 120% to $160.3M 
 
For more information about the quarter results to 31 December 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