Sezzle Inc (SEZL) stock surged 19.35% in pre-market trading on Thursday, following the company's announcement that it expects to exceed its previously provided guidance for fiscal year 2024 due to exceptional holiday demand and effective execution of strategic initiatives.
The "buy-now, pay-later" (BNPL) fintech firm stated that it anticipates beating its prior projections for 2024 revenue growth of 55% and adjusted net income of $9.80 per diluted share. The company cited robust fourth-quarter performance driven by strong consumer demand during the holiday season and successful implementation of its strategic initiatives.
Sezzle's CEO Charlie Youakim expressed confidence in the positive trends, stating that credit losses were aligning with expectations. The company plans to release its audited 2024 financial results by the end of February.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.