Sezzle reports Q3 net income $1.3M ($0.23 EPS) and announces voluntary delisting from ASX

Sezzle Inc.

Q3 total income $40.8M (up 34% YoY); net income $1.3M vs $4.3M in prior year; basic EPS $0.23 vs $0.80.
Nine-month net income $4.2M vs net loss of $38.7M in prior year; operating income $14.5M vs loss.
Provision for credit losses $6.7M in Q3, up from $5.7M YoY; total operating expenses $35.5M vs $23.9M (incl. $11M merger credit).
Company voluntarily delisting from ASX; CDIs to stop trading; common stock remains on Nasdaq; further details to follow.

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 0.95

Sezzle Inc. reported quarter ended September 30, 2023 results: revenue 40,844,201, net income 1,294,400, EPS 0.23.

Period: quarter ended September 30, 2023
Revenue: 40,844,201
Net income: 1,294,400
EPS: 0.23
Result: reported results

Exact text from the filing

and Stockholders' Equity $ 179,903,359 $ 172,576,538 For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Total income $ 40,844,201 $ 30,408,249 $ 110,455,297 $ 87,294,249 Operating Expenses Personnel 11,079,174 11,586,551 34,670,235 40,288,070 Transaction expense 9,936,804 9,319,823 26,121,338 31,229,450

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Sezzle Inc. filing history →

Source: SEC EDGAR

accession 0001662991-23-000154

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