Another great announcement from Sezzle.
Certainly was not expecting positive net cash flow from operating activities. That seems like a momentous achievement, perhaps the first ASX BNPL player to report positive operating cash-flow in a quarter?
An extremely strong, scalable business. UMS up 58% QoQ, with expenses barely changed. Aside from payment processing fees, other expenses were largely flat. And I have no idea how a company can deliver 58% QoQ growth and only spend $219k on marketing and advertising! I can't wait for them to start to use the capital raise money to chase growth.
I agree with others here expecting great news on the NTM / bad-debts from, given so much of the UMS comes from repeat-users.
Expecting this to build during the day as the penny drops.
What a business!
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- Ann: Q2 Business Update and Appendix 4C
Ann: Q2 Business Update and Appendix 4C, page-14
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