For me the key slide is the one that shows the company revenue as a percentage of transaction related costs, at 4.3%. Obviously you first need a baseline amount of UMS to meet the fixed costs and break even, but this is kinda saying that for every $1 of additional UMS over baseline this happens for the variables:
8.7c company revenue is generated 2.1c is eaten up in transaction costs 1.4c becomes a bad debt approx 1c is needed as a cost of the loan
Which leaves 4.3c out of every $1 generated as additional profit. Apply this to the October UMS increase, should technically mean that October will show about a 600k additional profit over September. Good but not massive.
however the unit economics are working well and any potential bank partners would see this, so do you think a partnership might assist Sezzle in refinancing their line of credit (to a lower rate) while also introducing the banks own customers to the Sezzle platform? What does the bank get out of it?
Lastly, not sure why it needs to go into a trading halt for the ASX delisting... but Kazia did it recently, it took a month I think:
