Contact Information Minneapolis, MN, June 04, 2024 (GLOBE NEWSWIRE) -- Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // Purpose-driven digital payment platform, Sezzle, is set to join the Russell 2000® Index and the broad-market Russell 3000® at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of ...

Minneapolis, MN, June 03, 2024 (GLOBE NEWSWIRE) -- Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // - Sezzle, a leading Buy Now, Pay Later platform, announces the launch of its partnership with Vallarta Supermarkets - a family-run grocery chain that has been serving Southern California communities since 1985. This Pay-in-4 collaboration marks a significant milestone of Sezzle's expansion in the grocery industry, providing shoppers with convenient and responsible ways to manage their everyday purchases. Sezz ...

Group 1: Investment Details - Bastion Management announced a senior debt investment of $150 million in Sezzle Inc., with an accordion feature allowing for an increase up to $225 million [1] - This new facility is intended to refinance a previous $100 million facility established in October 2022 [1] - The additional liquidity will support Sezzle's growth in the U.S. and Canadian markets and enable the pursuit of new strategic initiatives [1] Group 2: Company Perspectives - Sezzle's CFO, Karen Hartje, expressed enthusiasm about the extended partnership with Bastion, highlighting that the larger and lower-cost facility will enhance their ability to fund new strategic initiatives and sustain profitable growth [2] - Bastion's CEO, Jay Braden, emphasized the importance of this new credit facility in supporting Sezzle's management team in their efforts to innovate and expand offerings [2] Group 3: Company Background - Bastion Management is a private investment firm focused on providing financing solutions to small and midsized businesses in the alternative finance sector across North America and the UK [3] - Since its inception, Bastion has closed over 45 transactions, totaling over $1.3 billion in commitments to consumer lending platforms and emerging financial technology companies [3] - Sezzle is a fintech company that aims to empower consumers through its payment platform, which offers interest-free installment plans [4] - Sezzle's services are designed to increase purchasing power and promote responsible spending among consumers [4]

Sezzle Inc. (NASDAQ:SEZL) Q1 2024 Results Conference Call May 8, 2024 5:00 PM ET Company Participants Charles Youakim - Co-Founder, Executive Chairman & CEO Paul Paradis - Co-Founder and President Karen Hartje - Chief Financial Officer Lee Brading - Head of Corp Dev and IR Conference Call Participants Nico Sacchetti - RBC Operator Good evening, and welcome to the Sezzle First Quarter Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) | ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | --- | --- | | | For the quarterly period ended March 31, 2024 | OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41781 SEZZLE INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

May 08, 2024 Sezzle Reports First-Quarter 2024 Results Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // Purpose-driven digital payment platform, Sezzle, is pleased to update the market on key financial metrics for the quarter ended March 31, 2024. "This quarter's results are a testament to the Company's commitment and strategic focus on profitable growth, as GAAP Net Income for 1Q24 exceeded GAAP Net Income for all of 2023," noted Charlie Youakim, Sezzle Chairman and CEO. "Further, the successful refinancin ...

| | | (State or other jurisdiction of incorporation or organization) 700 Nicollet Mall, Suite 640, Minneapolis, Minnesota 55402 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) | ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | For the fiscal year ended December 31, 2023 | | --- | --- | --- | | OR | TRANSITION REPORT PURSUANT TO SECTIO ...

Financial Data and Key Metrics Changes - In 2023, the company achieved over $159 million in revenue, a 27% year-over-year increase, and a net income of over $7 million, marking an $82 million improvement in net income over two years [27][36] - The EBITDA margin improved from a negative 16% in 2022 to a positive 18.8% in 2023, with a goal to achieve a net income margin of 20% in the future [11][16] - The gross margin improved to 50.8% of total income from 37.5% in the previous year [16] Business Line Data and Key Metrics Changes - The subscription service, Sezzle Premium and Sezzle Anywhere, has grown to over 300,000 members, indicating strong consumer engagement [3][6] - The company reported a 33% increase in UMS (User Merchant Spend) in Q4 2023, contributing to a total income increase of 28% year-over-year for the quarter [33] Market Data and Key Metrics Changes - The company has processed over $6 billion in volume and initiated over 63 million transactions since its launch, showcasing its market penetration [3] - The active consumer metric showed a slight increase compared to Q3 2023, indicating a potential stabilization after a previous decline [17] Company Strategy and Development Direction - The long-term goal is to build a comprehensive financial services platform, focusing on increasing customer lifetime value and expanding product offerings in 2024 [13][36] - The company aims to maintain a vigilant approach to cost management while pursuing profitable growth, having exited several international markets to focus on North America [10][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve profitability through innovative product offerings and cost management strategies [40][41] - The company plans to double its net income to $20 million in 2024, driven by growth and expense management [36] Other Important Information - Sezzle is the only buy-now-pay-later company that is a certified B Corp, emphasizing its commitment to stakeholder engagement and financial empowerment for consumers [12] - The company has implemented AI technologies to enhance productivity and improve underwriting and fraud detection processes [31] Q&A Session Summary Question: How has the company achieved profitability compared to competitors? - Management highlighted a vigilant approach to both revenue innovation and cost management as key factors in achieving profitability [40][41] Question: How does the company view its competitors? - Management identified Affirm and Afterpay as closer competitors, emphasizing a long-term perspective on market valuation [42] Question: Did the company buy back any stock in the quarter? - Management stated that they could not disclose stock buyback details at this time [43] Question: Is the term "total income" just a reference to revenue? - Management confirmed that "total income" refers to traditional revenue as per GAAP dynamics [45] Question: What is the revenue growth guidance for 2024? - Management confirmed a guidance of 20% year-over-year revenue growth for 2024 [46] Question: What are the company's targets for EBITDA margin? - Management expressed a desire to improve EBITDA margins further, aiming for a target of 20% net income margins [49]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2024 Sezzle Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Delaware 000-56267 81-0971660 (Commission File Number) (I.R.S. Employer Identification No.) 700 Nicollet Mall Suite 640 Minneapolis, MN 55402 (Address of principal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-56267 SEZZLE INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...