NASDAQ$PAYO

Payoneer Global Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong revenue growth and raised full-year revenue guidance.

Payoneer reported strong Q2 2021 financial results with revenue well ahead of internal targets. The company raised its full-year revenue outlook and expects to generate positive adjusted EBITDA in 2021.

  • Delivered strong results in the first quarter as a public company.
  • Continued momentum with revenues well ahead of internal targets.
  • Raising the full-year revenue outlook.
  • Expect to generate positive adjusted EBITDA in 2021.

Headline financials

Total Revenue

$111M

Previous: $78.4M+41.5%
EPS (adj)

-$0.75

Previous: -$0.02-3711.0%
Capital Expenditures

-$2.04M

No prior period
Free Cash Flow

-$14.5M

No prior period
Net Income

-$12.4M

Previous: -$6.66M-86.4%
Operating Income

-$18.4M

Previous: -$5.73M-220.4%
Gross Profit

$103M

Previous: $54.6M+88.4%
Cash & Equivalents

$499M

No prior period
Total Assets

$4.33B

No prior period
Stock-Based Comp

$10.8M

No prior period

Revenue & EPS history

Payoneer · Revenue · Quarterly

$111M

Q2 2021+41.5%vs Q2 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Payoneer is raising guidance for full year 2021 revenues to grow approximately 28%-30% over 2020, up from previous guidance of 25% growth. Expect positive adjusted EBITDA for full year 2021.

Tailwinds

  • Higher take rate expectations.
  • Improved transaction costs performance.
  • Aggressive investment in platform and products for future growth.
  • Better-than-expected first half results.
  • Expect positive adjusted EBITDA for full year 2021

Headwinds

  • Lower than expected volume growth.
  • Reorganization related expenses
  • M&A related expenses
  • Stock-based compensation expenses
  • Share in losses (gain) of associated company

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+3.6%

Avg return

Earnings day

+6.4%

Avg return

5 days after

+2.1%

Avg return

30 days after

48%

11 / 23 earnings

Positive

+37.1%

Q1 2022

Best reaction

-18.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%+5.1%+3.7%
Q4 2025-18.7%-12.4%-8.8%
Q3 2025-5.0%-2.1%-1.9%
Q1 2025-13.8%+0.7%-1.4%
Q4 2024-14.7%-21.4%-28.8%
Q3 2024+21.5%+26.9%+26.6%
Q2 2024+27.8%+31.8%+33.7%
Q1 2024+12.5%+10.2%+13.2%
Q4 2023-12.6%-16.5%-12.6%
Q3 2023-7.5%-5.8%-10.3%
Q2 2023+13.8%+14.8%+23.1%
Q1 2023-14.9%-17.1%-19.6%
Q4 2022+14.8%+19.0%+7.3%
Q3 2022-12.9%+0.9%-16.5%
Q2 2022+18.6%+20.4%+18.1%
Q1 2021+37.1%+37.4%+28.7%
Q1 2022+37.1%+37.4%+28.7%
Q4 2021-12.8%-6.2%-0.4%
Q4 2019-12.8%-6.2%-0.4%
Q3 2020+14.3%+21.4%-13.3%
Q3 2021+14.3%+21.4%-13.3%
Q4 2020-3.1%-6.7%-3.6%
Q2 2021-3.1%-6.7%-3.6%
Q2 2020
Q1 2020

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