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Net 1 UEPS: Fiscal 4Q Earnings Snapshot

JOHANNESBURG (AP) _ Net 1 UEPS Technologies Inc. (UEPS) on Thursday reported a loss of $38.9 million in its fiscal fourth quarter.

On a per-share basis, the Johannesburg-based company said it had a loss of 69 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 22 cents per share.

The payments company posted revenue of $26 million in the period.

For the year, the company reported that its loss narrowed to $78.4 million, or $1.37 per share. Revenue was reported as $151 million.

In the final minutes of trading on Thursday, the company's shares hit $3.28. A year ago, they were trading at $3.46.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UEPS at https://www.zacks.com/ap/UEPS