It seems Sezzle has chosen to list in Australia because of the wild investor enthusiasm for anything in the buy now, pay later space.
As at June 30, 2019 Sezzle reports it had 429,898 active customers on 5,048 active merchants that generated merchant fees (as a proxy for revenue) of just US$2.1 million as at June 30, 2019. For FY 2018 it made a net loss of US$4.2 million dollars.
At $2.58 it has a market value around $498M.
Tooooooo cheap , right ?
SZL Price at posting:
$2.20 Sentiment: None Disclosure: Not Held
