Sezzle's August Total Income Increased 44.3% YoY To $14M; Total Income As Percentage Of Underlying Merchant Sales Increased 188 Bps YoY To 8.7%
Portfolio Pulse from Benzinga Newsdesk
Sezzle's total income for August 2023 increased by 44.3% YoY to $14M, and by 11.7% MoM. The income as a percentage of Underlying Merchant Sales (UMS) also increased by 188 bps YoY to 8.7%. Sezzle recorded a GAAP Net Income and Adjusted EBITDA of $0.6M and $2.4M respectively. As of August 31, 2023, Sezzle had $60.7M in cash, with $71.7M drawn from its $100M credit facility. Active subscribers for Sezzle Premium and Anywhere exceeded 210,000 as of September 19, 2023.
September 20, 2023 | 5:39 am
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POSITIVE IMPACT
Sezzle's strong financial performance in August 2023, with a significant YoY increase in total income and a healthy cash position, could positively impact its stock price in the short term.
Sezzle's significant YoY increase in total income, along with a healthy cash position and a growing subscriber base, indicates strong financial health and operational performance. This could increase investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100