Sezzle Reports Record 2Q 2020; UMS Projected to Reach US$1 Billion By the End Of 2020

  • Jul 07, 2020 AEST
  • Team Kalkine

Sezzle Inc (ASX:SZL) released its key operating metrics for quarter ended 30 June 2020 along with the annualised UMS guidance.

The company projects its underlying merchant sales (UMS) to reach US$1 billion by the end of 2020. In 2Q 2020, UMS rose 58% to US$188 million QoQ and +349% YoY. Active clients soared by 243% YoY to 1.48 million. The number of active merchants was up +219% to 16,112 YoY.

Consumer profile showed improvement reflected by increased repeat usage and purchase frequency of cohorts.

At AEST 12:18 PM, SZL shares are trading at A$4.540, up 11.548%.

 


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