Unaudited Quarterly Results	12 Months Ended
Unaudited Quarterly Results	Jun. 30, 2021
Unaudited Quarterly Results [Abstract]
Unaudited Quarterly Results	25 . UNAUDITED QUARTERLY RESULTS Restatement of financial statements – impact on unaudited quarterly results Related to overstatement of revenue and cost of goods sold, IT processing, servicing and support As discussed in Note 1, in November 2020, the Company identified an error with respect to the recognition of certain revenue and related cost of goods sold, IT processing, servicing and support during its assessment and systems development of new products. The error impacts the Company’s reported results for three months ended September 30, 2020, and the Company restated its consolidated statement of operations and certain note presentation, primarily Revenue and Operating segments, to correct for the error. The tables below present the impact of the restatement on the Company’s unaudit ed condensed consolidated statement of operations for the three months ended September 30, 2020: Unaudited condensed consolidated statement of operations Three months ended September 30, 2020 (1) As reported Correction As restated (in thousands) Revenue $ 37,113 $ (1,977) $ 35,136 Cost of goods sold, IT processing, servicing and support $ 28,437 $ (1,977) $ 26,460 (1) The error for the three months ended September 30, 2020, also impacted the year ended June 30, 2021, by the same amount and therefore the amounts reported for the year ended June 30, 2021, includes the correction of the error. 25. UNAUDITED QUARTERLY RESULTS (continued) Restatement of financial statements – impact on unaudited quarterly results (continued) Related to overstatement of revenue and cost of goods sold, IT processing, servicing and support (continued) The table below presents the unaudited impact of the restatement on the affected lines in the Processing and Total columns included in the revenue note for the three months ended September 30, 2020: Unaudited Three months ended September 30, 2020 Processing Total Processing fees - as restated (1) $ 16,330 $ 16,929 As reported 18,307 18,906 Correction (1,977) (1,977) South Africa - as restated 14,774 15,373 As reported 16,751 17,350 Correction (1,977) (1,977) Rest of world $ 1,556 $ 1,556 Total revenue, derived from the following geographic locations - as restated $ 21,518 $ 35,136 As reported 23,495 37,113 Correction (1,977) (1,977) South Africa - as restated 19,962 33,580 As reported 21,939 35,557 Correction (1,977) (1,977) Rest of world $ 1,556 $ 1,556 (1) The error for the three months ended September 30, 2020, also impacted the year ended June 30, 2021 , by the same amount and therefore the amounts reported for the year ended June 30, 2021, include the correction of the error. The table below presents the unaudited impact of the restatement on the Processing operating segment revenue included in the operating segment note for the three months ended September 30, 2020: Unaudited Revenue (as restated) Reportable Segment Corporate/ Eliminations Inter- segment From external customers Processing - as restated (1) $ 22,506 $ - $ 988 $ 21,518 As reported 24,483 - 988 23,495 Correction (1,977) - - (1,977) Total for the three months ended September 30, 2020 - as restated 36,982 - 1,846 35,136 As reported 38,959 - 1,846 37,113 Correction $ (1,977) $ - $ - (1,977) (1) The error for the three months ended September 30, 2020, also impacted the year ended June 30, 2021, by the same amount and therefore the amounts reported for the year ended June 30, 2021, include the correction of the error. 25. UNAUDITED QUARTERLY RESULTS (continued) The following tables contain selected unaudited consolidated statements of operations information for each quarter of fiscal 2021 and 2020: Three months ended Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 June 30, 2021 (In thousands except per share data) Revenue $ 34,517 $ 28,828 $ 32,305 $ 35,136 $ 130,786 Operating loss (13,600) (14,292) (15,205) (10,775) (53,872) Net income (loss) attributable to Net1 $ 1,639 $ (6,204) $ (4,534) $ (28,958) $ (38,057) Net earnings (loss) per share, in United States dollars Basic earnings (loss) attributable to Net1 shareholders $ 0.03 $ (0.11) $ (0.08) $ (0.51) $ (0.67) Diluted earnings (loss) attributable to Net1 shareholders $ 0.03 $ (0.10) $ (0.08) $ (0.52) $ (0.67) Three months ended Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 June 30, 2020 (as restated) (A) (as restated) (A) (as restated) (A) (as restated) (A) (as restated) (A) (In thousands except per share data) Revenue $ 24,551 $ 34,614 $ 38,918 $ 46,216 $ 144,299 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 $ - $ 0.24 $ 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 $ - $ 0.24 $ 0.05 $ 0.05 $ 0.33 (A) Certain amounts have been restated to correct the misstatements discussed in Note 1. The impact of the restatements for the years ended June 30, 2020 and 2019, were first recorded in the unaudited condensed consolidated financial statements included in the Company’s Quarterly Report on Form 10-Q for the three and six months ended December 31, 2020 which was filed on February 4, 2021.