PaySauce Quarterly Market Update – Mar 2023
PaySaucesetssightonAustraliaasAnnualised
RecurringRevenueincreases50%YOY
LowerHutt,NewZealand-12April2023
KEYYEAR-ON-YEARPERFORMANCEHIGHLIGHTSFORTHEQUARTER
●
Recurringrevenueof$1.63M(Up56%YOY)
●
Processingfeerevenueof$1.23M(Up27%YOY)
●
ARRof$6.7M(Up50%YOY)
●
Activecustomersatendofperiod6,875(Up14%YOY)
EmploymentfintechPaySauce(NZX:PYS)increasedAnnualisedRecurring
Revenue(ARR)50%yearonyear(YOY)to$6.7MatMarch2023.Thecompany’s
continuedrevenuegrowthdemonstratesthestrengthoftheNewZealand
business,whichwillserveasaplatformfromwhichtoexpandintoAustralia.
CEO,AsanthaWijeyeratne,saidit’sgreattofinishthefinancialyearonahigh
note:
“It’sbeenastrongyearwithcontinuedrevenuegrowthandanincreasingbottom
line,enablingsurpluscashtobereinvestedbackintothebusinessaswecontinue
toscale.We’veshownthestrengthandstabilityoftheNewZealandbusiness,
whichgivesusasolidplatformtolaunchfromasweexpandourreachinto
Australia.”
“Thisquarterwe’veputalotoffocusintodevelopingourstrategicdirection
aroundlaunchinganewproductintoAustralia,makingkeyhiresandbuilding
newrelationships.ThisisarecipeforsuccessthathasworkedwellinNew
Zealand,andI’mincrediblyexcitedforthe12monthsaheadasweapplythe
lessonslearnttoAustralia.”
Recurringrevenuewasup56%YOYat$1.63Mforthequarter,withprocessingfees
contributing$1.23Mofthis(up27%YOY).
Interestrevenuegrewto$0.39Mforthequarterasthebalanceoffundsheldon
behalfofcustomersincreasedinlinewiththevalueofpayrollprocessed.Thiswas
a42%increaseonthemostrecentDecember2022quarter,andover4times
morethanthequartertoMarch2022.
ABOUTPAYSAUCE
PaySauceisaSaaSfintechplatformprovidingsolutionsforpeopleatworkin14
jurisdictionsacrosstheAsia-Pacificregion.Wegiveemployersthetechnologyto
digitallyonboard,payandmanageemployeesfromanydevice.Ourplatform
includesrosters,mobiletimesheets,payrollcalculations,bankingintegration,
automatedpayments,PAYEfiling,labourcosting,automatedgeneralledger
entriesanddigitalemploymentcontracts.
www.paysauce.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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