Unaudited Quarterly Results

12 Months Ended

Jun. 30, 2020

Quarterly Financial Results [Abstract]

25. UNAUDITED QUARTERLY RESULTS

The following tables contain selected unaudited consolidated statements of operations information for each quarter of fiscal 2020 and 2019:

		Three months ended
		Jun 30, 2020		Mar 31, 2020		Dec 31, 2019		Sep 30, 2019		June 30, 2020
		(In thousands except per share data)

Revenue		$	25 978	$	36 514	$	40 567	$	47 938	$	150 997
Operating loss			(13 180)		(14 212)		(10 420)		(6 436)		(44 248)
Net (loss) income attributable to Net1			(38 880)		(34 881)		(205)		(4 392)		(78 358)
	Continuing		(38 601)		(48 361)		(2 925)		(7 327)		(97 214)
	Discontinued	$	(279)	$	13 480	$	2 720	$	2 935	$	18 856
Net (loss) income per share, in United States dollars
Basic (loss) earnings attributable to Net1 shareholders		$	(0,68)	$	(0,61)	$	-	$	(0,08)	$	(1,37)
	Continuing	$	(0,68)	$	(0,85)	$	(0,05)	$	(0,13)	$	(1,70)
	Discontinued	$	(0,00)	$	0,24	$	0,05	$	0,05	$	0,33
Diluted (loss) earnings attributable to Net1 shareholders		$	(0,69)	$	(0,62)	$	-	$	(0,08)	$	(1,37)
	Continuing	$	(0,69)	$	(0,86)	$	(0,05)	$	(0,13)	$	(1,70)
	Discontinued	$	(0,00)	$	0,24	$	0,05	$	0,05	$	0,33

		Three months ended
		Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		June 30, 2019
		(as restated)^(A)		(as restated)^(A)						(as restated)^(A)
		(In thousands except per share data)

Revenue (Q4 includes $19,709 refund)		$	17 053	$	36 586	$	42 042	$	70 546	$	166 227
Operating (loss) income			(52 356)		(23 776)		(51 465)		(7 335)		(134 932)
Net (loss) income attributable to Net1			(183 048)		(58 819)		(63 941)		(5 199)		(311 007)
	Continuing		(184 320)		(51 050)		(66 723)		(9 668)		(311 761)
	Discontinued	$	1 272	$	(7 769)	$	2 782	$	4 469	$	754
Net (loss) income per share, in United States dollars
Basic (loss) earnings attributable to Net1 shareholders		$	(3,22)	$	(1,03)	$	(1,12)	$	(0,09)	$	(5,48)
	Continuing	$	(3,24)	$	(0,90)	$	(1,17)	$	(0,17)	$	(5,49)
	Discontinued	$	0,02	$	(0,13)	$	0,05	$	0,08	$	0,01
Diluted (loss) earnings attributable to Net1 shareholders		$	(3,27)	$	(1,04)	$	(1,13)	$	(0,09)	$	(5,48)
	Continuing	$	(3,29)	$	(0,91)	$	(1,18)	$	(0,17)	$	(5,49)
	Discontinued	$	0,02	$	(0,13)	$	0,05	$	0,08	$	0,01

(A) Certain amounts have been restated to correct the misstatements discussed in Note 1. The impact of the restatements for the year ended June 30, 2019, have been recorded during the three months ended June 30, 2019 and March 31, 2019, respectively.