so Szl activities report came in today
They achieved tremendous growth of 200% YoY but their losses are really mounting. They did nearly 25 million in losses for the quarter which I think is very high.
Afterpay by comparison had gross losses of 0.9 % fy2020 of receivables or 100'million approx but that's off 11.2 billion sales whereas szl may do 2-2.5 billionsales for fy2021
I think minimising losses is sorta important so you aren't always capital raising. It's a balance between unlimited growth and huge losses vs great gross and keeping losses under control.
I can see the mkt reacting negatively off this for szl, they released them late today. Good for Zip holders imho.
sezzle will need another cap raise in 3-6 months as they only have capital to survive 3 quarters at current burn rates
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$2.12 |
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Mkt cap ! $2.751B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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3 | 10369 | 2.110 |
7 | 80207 | 2.100 |
8 | 44102 | 2.090 |
15 | 94309 | 2.080 |
Price($) | Vol. | No. |
---|---|---|
2.140 | 22432 | 3 |
2.150 | 32369 | 3 |
2.160 | 7788 | 4 |
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