Sezzle reports Q4 net income of $0.6M, first profitable quarter; FY22 net loss narrows 49% to $38.1M

Sezzle Inc.

2022-FY EPS reported -$0.18 revenue$125,570,441

Q4 2022 Total Income $38.3M (+16.2% YoY); UMS $452.3M (-19.4% YoY).
Q4 Net Income $0.6M vs Net Loss $25.9M in Q4 2021; Adjusted EBITDA $7.0M vs -$23.0M.
FY22 Net Loss $38.1M, down 49% from $75.2M in FY21; Provision for uncollectible accounts fell to 1.7% of UMS.
Implemented over $70M annualized revenue/cost initiatives in 2022; identified additional $10M initiatives.
New $100M credit facility with Bastion; cash $69.5M at Dec 31, 2022. January 2023 Total Income $11.7M (+18.3% YoY).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sezzle Inc. reported the fourth quarter ended 31 December 2022 results: revenue US$38.3 million, net income US$0.6 million.

Period: the fourth quarter ended 31 December 2022
Revenue: US$38.3 million
Net income: US$0.6 million
Result: reported results

Exact text from the filing

pay-per-click placement in Sezzle app); and o Partnerships (e.g., bank partnership). Fourth Quarter 2022 Highlights: • Total Income for 4Q22 rose 16.2% YoY to a record high US$38.3 million (A$56.2 million1) from US$32.9 million (A$48.4 million1) and represented 8.5% of Underlying Merchant Sales (UMS). Total Income improved YoY due to the Company’s initiatives such

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sezzle Inc. reported the year ended 31 December 2022 results: revenue US$125.6 million, net income $38.1 million.

Period: the year ended 31 December 2022
Revenue: US$125.6 million
Net income: $38.1 million
Result: reported results

Exact text from the filing

FY22 revenue initiatives lifted Total Income 9.4% YoY to US$125.6 million despite a tough macroeconomic environment and moderated transaction volumes.

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Sezzle Inc. filing history →

Source: SEC EDGAR

accession 0001662991-23-000005

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