With 101 "its going below $1" threads, time to actually get attention back on the actual important stuff (for shorts and longs alike).
Sezzle (SZL) announced an additional $7 million in cost cuts today as well as some impressive metrics in the US:
Underlying Merchant Sales (UMS) for 1Q22 rose 20.1% YoY to US$450.5M (A$601.5M2).
• 1Q22 Total Income grew 6.2% YoY to US$27.6M, representing 6.1% of UMS. Merchant Fee
Income represented over 80% of Total Income.
• As a percentage of UMS, the provision for uncollectible accounts receivable declined
compared to 4Q21 to a level consistent with 1Q21.
• Transaction expense as a percentage of UMS rose slightly compared to 4Q21 and 1Q21
as the payment mix attributable to Automated Clearing House (ACH) declined.
• Active3 Merchants jumped 43.1% YoY to 48,7004.
And most important of all, for relevance to ZIP:
"For 1Q22, the provision for uncollectible accounts declined from 4Q21 to a level consistent with 1Q21."
This bodes very well for the merged business entity.
Sezzle qtrly bodes well for merged business
Add ZIP (ASX) to my watchlist
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30048 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 290528 | 11 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 3.89 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.31 | $1.25 | 2717786 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ZIP (ASX) Chart |