Previously known a Net1 UEP Technologies, Lesaka is listed on the Nasdaq and the JSE (LSK). It is a provider of fintech products in a number of countries. Its universal electronic payment system (“UEPS”) uses biometrically secure smart cards that operate in real-time but offline, which allows users to enter into transactions at any time. In the first quarter to 30th September 2023 the company reported revenue up 19% in rands and a net loss of R106,6m compared with a loss of R183,2m in the previous period. The company said, "Group Adjusted EBITDA, a non-GAAP measure and reconciled in Attachment B, of $8.7 million (ZAR 162.5 million) 1 representing an improvement of 108% compared to the Q1 2023 Group Adjusted EBITDA of $4.2 million (ZAR 71.9 million)1. In ZAR Group Adjusted EBITDA increased by 126%". The share trades R4,3m worth of shares on average every day, but there are days when there is no trade at all.