Nuvei Corp T.NVEI

Alternate Symbol(s): NVEI

Nuvei Corporation is a Canadian fintech company accelerating the business of clients around the world. Its modular, flexible and scalable technology allows companies to accept payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in over 200 markets, with local acquiring in 50 markets, 150 currencies and 716 alternative payment methods (APMs), it provides the technology and insights for customers and partners to succeed locally and globally with one integration. Its technology platform is purpose-built for eCommerce, integrated payments and business to business. Its platform enables customers to pay and/or accept payments worldwide regardless of their customers’ location, device or preferred payment method. Its technology includes gateway, global processing, APMs, currency management, global payouts, risk management, card issuing, open banking, data reporting, and reconciliation tools.

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Nuvei Corp > The Nuvei Bleeding Continues

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Comment by AlwaysLong683on Aug 11, 2023 10:21pm

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Post# 35584957

RE:RE:The Nuvei Bleeding Continues

Things to note on Nuvei's most recent financial statements: that may account for a portion of the big share price drop...?

BALANCE SHEET:

1) Cash on Hand + Receivables has fallen dramatically from $813M to $219M since December 2022.

2) One item, "Goodwill", accounts for almost half (44%) of Total Assets. This is usually what happens when a company is a serial acquirer of other companies. Does the market feel this number is still justified, or does the market expect a significant writedown?

INCOME STATEMENT:

Net Income per share dropped from 0.23 to 0.07 vs. last's year's Q2.

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