AFR 28 February 2023
Sezzle trims losses, sales growTom Richardson
Buy now, pay later junior Sezzle has trimmed its net loss to $US39.3 million on revenue that climbed 9.4 per cent to $US125.6 million for the year to December 31. It had cash on hand of $US69.5 million as at the period end.
Over 2022 it said bad debts as a percentage of underlying sales fell to a record low of 1.7 per cent thanks to improved underwriting competencies.
Sezzle posted a net loss of $US0.2 million for January on total income up 18.3 per cent year-on-year for the month to $US11.7 million.
The stock has tumbled 73.3 per cent over the past 12 months to last close at 52¢.
