AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Sezzle Inc. is a fintech firm that offers interest-free instalment plans to its customers via its payment platform
- The second quarter of 2023 represents the fourth straight quarter in which the company delivered a positive net income
- Sezzle stock closed 2.85% down at AUD 18.39 per share on 10 August 2023
An Australian fintech firm Sezzle Inc. (ASX:SZL) offers its customers inclusive, seamless and transparent payment options. The payment platform of Sezzle enhances consumers’ purchasing power by offering interest-free instalment plans at selected in-store locations and online stores.
The financial company has registered positive net profit for four straight quarters. During the second quarter of 2023 ended 30 June 2023, the company recorded a GAAP net income of USD 1.1 million, compared to a net loss of USD 15.1 million in the previous year.
During the latest quarter, total income surged by 19.4% year-over-year to AUD 52 million. SZL posted a non-GAAP adjusted EBITDA of USD 6.4 million in the June 2023 quarter. EBITDA was positively affected by ongoing diversification of revenue stream through new product launches, reduction in marketing and data expenditure and improved unit economics via growth in total income.
Outlook
SZL intends to undertake cost-saving and revenue initiatives continuously. In the second half of 2023, Sezzle aims to launch initiatives focused on partnership, monetization and product innovation.
Key risks and challenges
Sizzle operations are exposed to risks of data security breaches, phishing, cyber-attacks, ransomware, regulatory challenges, and stiff competition.
Share performance of SZL
Sezzle shares closed 2.85% lower at AUD 18.39 apiece on 10 August 2023. Including today’s share price movement, the stock has lost 49.85% in the past one year, and in the last three months, the share price has dropped by 18.66%.
The 52-week high of SZL is AUD 39.90 per share, , and the 52-week low is AUD 15.20, recorded on 3 January 2023.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 10 August 2023. The reference data in this report has been partly sourced from REFINITIV.
Disclaimer
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