Fintech Nayax (tase: nyax; nasdaq: nyax) is the layoff of about 70 employees, 55 of them in Israel. The company employs about 1,200 people all over the world, so it starts about 6 % of the workforce, and 9 % of the Israeli workforce.
In response to the report, Nayax stated, “This step stems from the need to simplify the company’s structure after its expansion in recent years, including its acquisitions, which created interference in some situations, and as part of the ongoing responsible management of expenses and maintaining an effective operating structure.”
Nayax, headed by co -founder Yair Nechmad, provides non -cash payment solutions. The company is traded in Tel Aviv and New York at about peak levels.
The market value is $ 1.86 billion, after four years of public subscription in Tel Aviv, with an evaluation of one billion dollars. According to Yahoo! Finance, Nayax is currently covered with five analysts, three of whom maintain positive assessments of the company and two neutral.
The average price of analysts is 46 dollars, but the last increase in the stock – an increase of 53.5 % since its decrease in April due to the wars of customs tariffs – led to a position in which the share price exceeded the average target price, which is currently 8.8 %.
In the first quarter of this year, Nayax revenues grew by 26.7 % to $ 81.1 million, and the company moved from a loss to a net profit of $ 7.2 million. Its guidance for this year is a growth ranging between 30 and 32 % of the revenues of 410-425 million dollars, although most of the organic growth, and the modified Ebitda ranges between 65 and 70 million dollars. Nayax set a 35 % target of annual growth by 2028, partially through acquisitions, and the margin of profits before benefits, taxes, depreciation and consumption by 30 %.
It was published by Globes, Israel Business News – En.globes.co.il – on July 7, 2025.
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