Sezzle jumps on FY net income forecast lift

Sezzle

09/05/2024 10:00

** Digital payments platform Sezzle  SEZL.O  up 37% at
$61.44 premarket after co lifts FY profit forecast
    ** Raises FY24 net income forecast to $30 mln from $20 mln
previously after strong consumer spending in Q1 using its
payments platform
    ** Underlying merchant sales jumped 33% to $492.7 mln in Q1
while net income rose to $8 mln from $7.1 mln a year ago
    ** Operating margin expanded to 29.4% in Q1 from 15.6% a
year ago
    ** Stock has more than doubled this year

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))