secwatch.observer — SEC 8-K summary
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Issuer:     Sezzle Inc. (SEZL)
CIK:        0001662991
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001662991-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662991/000166299123000005/0001662991-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662991/000166299123000005/szl-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001662991-23-000005

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