EML Payments has faced significant challenges, particularly with its Irish operations, resulting in a $120 million loss in 2023. Despite a recent quarter showing stabilisation with underlying earnings of $11.6 million, the company operates in a competitive prepaid and gift card sector with inconsistent profitability. While a 25% stock surge post-revenue announcement suggests potential, experts advise caution due to the crowded market and the rarity of successful turnarounds.
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