Sezzle Q1 GAAP Net Income $8.0M, exceeds FY23 total; FY24 guidance raised to $30M

Sezzle Inc.

2024-Q1 EPS reported $1.34 revenue$46,978,634

Underlying Merchant Sales up 33.2% YoY to $492.7M; Total Income $47.0M (+35.5% YoY).
GAAP diluted EPS $1.34 vs $0.31 in Q1 2023; record Operating Income $13.8M (+155.3% YoY).
GAAP Net Income $8.0M for Q1 exceeds full-year 2023 net income of $7.1M.
FY2024 GAAP Net Income guidance raised to $30.0M from $20.0M.
Non-transaction related operating expenses fell 16.1% YoY to $16.2M; expense ratio improved.

item 2.02 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 first quarter financial results for the period ending March 31, 2024 results: net income GAAP Net Income reached a new quarterly high of $8.0 million in 1Q24, EPS $1.34 for 1Q24. Guidance raised.

Period: first quarter financial results for the period ending March 31, 2024
Net income: GAAP Net Income reached a new quarterly high of $8.0 million in 1Q24
EPS: $1.34 for 1Q24
Guidance: raised
Result: reported results

Exact text from the filing

On May 8, 2024, Sezzle Inc. (the “Company”) issued a press release announcing its first quarter financial results for the period ending March 31, 2024.

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Source: SEC EDGAR

accession 0001662991-24-000141

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