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Operating Segments (Tables)
12 Months Ended
Jun. 30, 2022
Operating Segments [Abstract]  
Reconciliation Of Reportable Segments Revenue

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

Reportable Segment

 

 

Inter-segment

 

 

From external customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

$

65,932

 

$

-

 

$

65,932

 

Merchant

 

155,366

 

 

384

 

 

154,982

 

Other

 

1,695

 

 

-

 

 

1,695

 

 

Total for the year ended June 30, 2022

$

222,993

 

$

384

 

$

222,609

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

$

66,149

 

$

-

 

$

66,149

 

Merchant

 

61,478

 

 

159

 

 

61,319

 

Other

 

3,318

 

 

-

 

 

3,318

 

 

Total for the year ended June 30, 2021

$

130,945

 

$

159

 

$

130,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

$

70,998

 

$

-

 

$

70,998

 

Merchant

 

68,659

 

 

399

 

 

68,260

 

Other

 

5,041

 

 

-

 

 

5,041

 

 

Total for the year ended June 30, 2020

$

144,698

 

$

399

 

$

144,299

Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income

 

 

 

 

2022

 

2021

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable segments measure of profit or loss

$

(10,424)

 

$

(31,949)

 

$

(20,828)

 

 

Operating loss: Corporate/Eliminations

 

(18,241)

 

 

(13,428)

 

 

(8,773)

 

 

Lease adjustments

 

(3,955)

 

 

(4,148)

 

 

(3,664)

 

 

Depreciation and amortization

 

(7,575)

 

 

(4,347)

 

 

(4,647)

 

 

Impairment loss

 

-

 

 

-

 

 

(6,336)

 

 

Gain related to fair value adjustment to currency options

 

3,691

 

 

-

 

 

-

 

 

Gain on disposal of equity securities

 

720

 

 

-

 

 

-

 

 

Loss on disposal of equity-accounted investment (Note 9)

 

(376)

 

 

(13)

 

 

 

 

 

Change in fair value of equity securities (Note 3)

 

-

 

 

49,304

 

 

-

 

 

Loss on disposal of equity-accounted investment - Bank Frick (Note 9)

 

-

 

 

(472)

 

 

 

 

 

Gain on disposal of FIHRST (Note 3)

 

-

 

 

-

 

 

9,743

 

 

Loss on disposal of DNI interest as an equity method investment (Note 3)

 

-

 

 

-

 

 

(1,010)

 

 

Loss on deconsolidation of CPS (Note 3)

 

-

 

 

-

 

 

(7,148)

 

 

Termination fee to cancel Bank Frick option

 

-

 

 

-

 

 

(17,517)

 

 

Interest income

 

2,089

 

 

2,416

 

 

2,805

 

 

Interest expense

 

(5,829)

 

 

(2,982)

 

 

(7,641)

 

 

 

Loss before income taxes

$

(39,900)

 

$

(5,619)

 

$

(65,016)

Summary Of Segment Information

 

 

 

 

 

 

 

 

 

2022

 

2021

 

2020

 

Reportable segment revenue

 

 

 

 

 

 

 

 

 

 

Consumer

$

65,932

 

$

66,149

 

$

70,998

 

 

Merchant

 

155,366

 

 

61,478

 

 

68,659

 

 

Other

 

1,695

 

 

3,318

 

 

5,041

 

 

 

Total reportable segment revenue

 

222,993

 

 

130,945

 

 

144,698

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

Consumer(1)

 

(22,232)

 

 

(26,303)

 

 

(13,989)

 

 

Merchant

 

11,305

 

 

4,728

 

 

5,176

 

 

Other

 

503

 

 

(10,374)

 

 

(12,015)

 

 

 

Total Segment Adjusted EBITDA

 

(10,424)

 

 

(31,949)

 

 

(20,828)

 

 

 

Corporate/Eliminations

 

(18,241)

 

 

(13,428)

 

 

(8,773)

 

 

 

 

Subtotal

 

(28,665)

 

 

(45,377)

 

 

(29,601)

 

 

 

 

 

Less: Lease adjustments

 

3,955

 

 

4,148

 

 

3,664

 

 

 

 

 

Less: Depreciation and amortization

 

7,575

 

 

4,347

 

 

4,647

 

 

 

 

 

 

Total operating loss

 

(40,195)

 

 

(53,872)

 

 

(44,248)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

Consumer

 

1,660

 

 

3,071

 

 

3,220

 

 

Merchant

 

2,128

 

 

795

 

 

534

 

 

Other

 

58

 

 

122

 

 

502

 

 

 

Subtotal: Operating segments

 

3,846

 

 

3,988

 

 

4,256

 

 

 

Corporate/Eliminations

 

3,729

 

 

359

 

 

391

 

 

 

 

Total

 

7,575

 

 

4,347

 

 

4,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenditures for long-lived assets

 

 

 

 

 

 

 

 

 

 

Consumer

 

1,712

 

 

3,433

 

 

2,540

 

 

Merchant

 

2,811

 

 

829

 

 

1,193

 

 

Other

 

35

 

 

23

 

 

702

 

 

 

Subtotal: Operating segments

 

4,558

 

 

4,285

 

 

4,435

 

 

 

Corporate/Eliminations

 

-

 

 

-

 

 

-

 

 

 

 

Total

$

4,558

 

$

4,285

 

$

4,435

(1) Consumer Segment Adjusted EBITDA for the year ended June 30, 2022, includes reorganization costs of $5.9 million (refer also Note 1).
Long-Lived Assets Based On Geographical Location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

 

 

 

 

 

 

 

 

2022

 

2021

 

2020

 

 

South Africa

$

359,725

 

$

50,754

 

$

68,521

 

 

Liechtenstein - investment in Bank Frick (Note 9)

 

-

 

 

-

 

 

29,739

 

 

India - investment in MobiKwik (Note 9)

 

76,297

 

 

76,297

 

 

26,993

 

 

Rest of world

 

2,811

 

 

6,962

 

 

9,119

 

 

 

Total

$

438,833

 

$

134,013

 

$

134,372