Sezzle share price: full-year results preview
As Sezzle's full-year earnings loom, we look at some of the company's achievements from 2019.
A big bet paying off
Sezzle (ASX: SZL) kicked off 2020 with a bang: announcing that the company had surpassed one million active customers in early February.
Though this was described as a huge operational achievement by the company’s Chief Revenue Officer; Sezzle’s visionary CEO – Charlie Youakim – stressed that 'although we are taking a moment to recognise this important milestone, we have lots of work ahead of us in making Sezzle the world's most dynamic, far-reaching, and trusted payments platform.'
What that work may culminate in was teased in a playful LinkedIn post from Mr Youakim, where he said ‘Next stop: 5 million. Any bets on when we get there?’
To put that ‘bet’ in perspective: Sezzle hit 500,000 customers in August 2019. A milestone than took roughly three years to achieve. Sezzle then doubled that figure in just six months.
How long this next milestone will take to achieve, is anyone’s guess.
2019: a year of rapid growth
Sezzle (ASX: SZL) capped off 2019 with an impressive set of operational figures, showcased during the company’s most recent quarterly update.
'Sezzle broke new ground in the December Quarter with a series of historic achievements across several key indicators, namely Underlying Merchant Sales and Active Merchants,’ said Charlie Youakim.
In Q4 Sezzle notched up US$105.1 million in underlying merchant sales – representing a US$36.2 million increase on the September quarter. In step with that, merchant numbers climbed strongly, with active merchants hitting 10,010 by the end of CY19. Merchant fees also rose, touching US$5.8 million in Q4.
Given all of this, investors already have a relatively good idea of how Sezzle has performed from an operational perspective during 2019.
In saying that, investors will likely be keen to gain more granular insight into the company's FY19 financial performance, including Sezzle's total income, end customer other income and net transaction losses/ net transaction margins.
The company is set to release its FY19 results after the market close on 27 February.
Sezzle share price action
Finally, though the stock crashed some 6% today – amidst a broader market sell-off; since listing, the Sezzle (ASX: SZL) share price has delivered solidly for those who bought in at the IPO.
The IPO Offer Price for Sezzle’s shares was just $1.22 per share, considerably below today’s $1.72 price tag.
The only analyst covering Sezzle has a $3.40 price target on the stock and a Buy rating.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
Please see important Research Disclaimer.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.