Sezzle Total Income Of $48.9M In Q4, Also A New Quarterly High, Rose 27.8% YoY; When Measured Against Underlying Merchant Sales, Total Income Reached 8.1%
Portfolio Pulse from Benzinga Newsdesk
Sezzle reported a total income of $48.9M in Q4 2023, marking a 27.8% increase YoY and setting a new quarterly high. Underlying Merchant Sales rose by 33.1% YoY to $601.9M. The company achieved its sixth consecutive quarter of profitability with a GAAP Net Income of $2.9M. Adjusted EBTDA and EBITDA were $3.2M and $7.8M, respectively. As of the end of Q4, Sezzle had $70.7M in cash and $95.0M drawn from its credit facility. Total Stockholders' Equity increased by 149.8% YoY to $22.1M.
February 26, 2024 | 9:26 pm
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Sezzle's Q4 2023 report shows significant growth in income and sales, marking its sixth consecutive profitable quarter. Total income rose by 27.8% YoY, and Underlying Merchant Sales increased by 33.1%. The company also reported a strong cash position and an increase in stockholders' equity.
The positive earnings report, showing significant year-over-year growth in income and sales, along with a strong cash position and increased stockholders' equity, is likely to be viewed favorably by investors. This could lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100