Sezzle rises on Q4 profit jump

Sezzle

27/02/2024 14:50

** Shares of buy now, pay later firm Sezzle  SEZL.O  rise
10% to $53.10 
    ** After market close on Monday, SEZL posted Q4 net income
of $2.9 mln, which grew more than four-fold compared to last
year
    ** Q4 underlying merchant sales jumped 33.1% to a new
quarterly high of $601.9 mln, driven by robust engagement from
its consumers during the holiday period
    ** Q4 total income surged 27.8% to a new quarterly high of
$48.9 mln compared to last year
    ** SEZL expects to more than double net income in FY 2024 to
$20 mln and total income growth of 20% compared to last year
    ** Stock has more than doubled YTD

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