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Highlights
- Revenue Growth Forecast: Sezzle expects to exceed its previously announced 55% revenue growth target for FY2024.
- Strong Profitability: The company projects net income and adjusted net income per diluted share to surpass prior guidance significantly.
- Upcoming Financial Report: Audited FY2024 results will be published with the Annual Report by late February 2025.
Sezzle Inc. (NASDAQ:SEZL), a purpose-driven digital payment platform, provided an optimistic outlook for FY2024 ahead of its participation in the 27th Annual Needham Growth Conference on January 16, 2025. The company announced updated guidance, projecting financial performance exceeding prior estimates for revenue and income, as disclosed in its third-quarter 2024 earnings release.
Key Financial Projections
Sezzle anticipates its FY2024 financial results to significantly surpass earlier targets across several metrics:
- Total Revenue: The company had reported $159.4 million in revenue for FY2023 with a 55% growth target for 2024. Sezzle now expects to exceed this forecast.
- Net Income: FY2023 net income was $7.1 million. The prior 2024 guidance of $71.5 million is now expected to be exceeded, demonstrating robust profitability.
- Net Income Per Diluted Share: Previous projections of $12.05 per share will also be surpassed, a significant leap from $1.25 in FY2023.
- Adjusted Net Income: Adjusted net income for FY2023 was $5.6 million. The company initially projected $58.0 million for FY2024, but this too is now expected to exceed prior estimates.
- Adjusted Net Income Per Diluted Share: Sezzle forecasts surpassing the earlier guidance of $9.80, up from $0.99 in FY2023.
The company confirmed that its "Total Revenue Less Transaction Related Costs as a Percentage of Total Revenue" metric will meet the previously forecasted figure of 55.0%.
Unaudited Projections
These financial updates are based on internal data, which has yet to undergo an external audit or review. Sezzle highlighted that its final FY2024 results remain subject to standard year-end procedures, including adjustments and audit by its independent registered accounting firm.
A Look Ahead
Sezzle plans to release its audited financial results for FY2024 as part of its Annual Report on Form 10-K, expected by the end of February 2025. This announcement reinforces Sezzle’s commitment to transparency and its positive trajectory as a key player in the digital payment space.
About Sezzle
Sezzle is a purpose-driven digital payment platform that empowers consumers to take control of their finances. Through its innovative solutions, Sezzle facilitates seamless payment experiences while promoting financial wellness and inclusivity.
