Payoneer Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 11, 2021 at 04:05 pm EDT
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Payoneer Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported revenues of USD 110,927,000 against USD 78,389,000 a year ago. Operating loss was USD 18,361,000 against USD 5,731,000 a year ago. Net Loss was USD 12,414,000 against USD 6,660,000 a year ago. Net loss per share attributable to common stockholders -basic and diluted was USD 0.63 against USD 0.22 a year ago.
For the six months, the company reported revenues of USD 211,533,000 against USD 160,348,000 a year ago. Operating loss was USD 19,510,000 against USD 8,812,000 a year ago. Net Loss was USD 15,922,000 against USD 14,139,000 a year ago. Net loss per share attributable to common stockholders -basic and diluted was USD 0.84 against USD 0.47 a year ago.
Payoneer Global Inc. is a financial technology company, which enables small and medium-sized businesses (SMBs) to transact and do business globally. The Company has built a global financial stack for SMBs, particularly in emerging markets, to access global demand and supply, pay and get paid, and manage their cross border and other needs from a single platform. Its financial stack provides a full suite of cross-border accounts receivable (AR) and accounts payable (AP) capabilities and includes services, such as working capital and the provision of data-driven insights. The Payoneer financial stack consists of a secure, regulated payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their comprehensive AR and AP needs. The Company leverages nearly 100 banking and payment service providers globally to support transactions in over 7,000 trade corridors and enable same-day and real-time settlement in over 150 countries.
PAYONEER GLOBAL INC. 
