Shares of Sezzle Inc (SEZL), a leading "buy-now, pay-later" fintech firm, skyrocketed nearly 10% in pre-market trading on Thursday. The surge came after the company announced that it expects to exceed its previously provided guidance for fiscal year 2024, driven by exceptional holiday demand and effective execution of strategic initiatives.
According to the announcement, Sezzle anticipates beating its prior projections for 2024 revenue growth of 55% and adjusted net income of $9.80 per diluted share. The company attributed this outperformance to robust fourth-quarter results fueled by strong consumer demand during the holiday season and successful implementation of its strategic initiatives.
Sezzle's Chairman and 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, providing further details on its impressive performance.
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