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Nayax Reports Second Quarter 2021 Financial Results : Quarterly Revenue Grew 121 % to $ 31 million HERZLIYA , Israel , August 23 , 2021 Nayax Ltd. ( TASE : NYAX ) , a global commerce enablement and payments platform designed to help merchants scale their business , today announced its financial results for the second quarter of 2021 . - " As governments around the world eased restrictions related to the COVID - 19 pandemic , we saw a surge in consumers ' preference to pay with cashless payments and continued to scale our marketing and sales efforts to help merchants grow their business with our complete merchant platform . These efforts led to a robust quarter with revenue increasing 121 % year over year , reaching $ 31 million , " commented Yair Nechmad , Nayax's CEO and Chairman of the Board . " Following the successful public offering and debut on the TASE in May 2021 , Nayax's second quarter performance reflects our ability to maintain a healthy growth rate as the economy rebounds to the " new normal " . We finalized the acquisition of Weezmo , a start - up company in the field of interactive , customizable receipts , which is another step for extending and enhancing our consumer engagement and omni - channel platform " concluded Nechmad . Second Quarter Financial Highlights Total revenue was $ 31 million , an increase of 121 % over Q2 2020 . Managed and connected devices grew 40 % year over year for the quarter to more than 432,000 . Quarterly gross transaction value grew 160 % from the same quarter last year to $ 344 million Recurring revenue from monthly SAAS and processing fees grew more than 100 % over Q2 2020 , reflecting a share of total revenue of 56 % in the current quarter . Gross margin was 43 % , representing strong sales this quarter of new POS devices , the enablers of future service and processing revenues . Gross profit reached $ 13.3 million , an increase of 85 % over Q2 2020 . Operational expenses , including research and development , share - based compensation expenses , depreciation , amortization and excluding IPO - related expenses , amounted to $ 15.8 million , an increase of 95 % over Q2 2020. This is the result of our growth strategy to increase sales , marketing , R & D staff and enhance overall global infrastructure .