Sezzle hits record high after lifting annual forecasts

Sezzle

08/11/2024 18:11

** Shares of buy now, pay later firm Sezzle  SEZL.O  jump
71.3% to $428.98, hitting their record high
    ** SEZL late Thursday forecast annual net income per share
of $12.05, higher than its prior forecast of $9.25
    ** Co also now expects annual revenue growth of 55%,
compared to prior expectations of 35% to 40%
    ** Northland Capital says raised forecast reflects the
successful launch of banking program with Utah-based WebBank
    ** Q3 revenue soared 71.3% to $70 mln, fueled by subscriber
growth and consumer engagement
    ** Q3 net income jumped to $2.62/shr, compared to 23
cents/shr a year earlier
    ** As of last close, SEZL shares up 1,121% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))