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  • Sezzle Increases FY24 Revenue Growth Guidance From 35%-40% To 55%; Adj. Net Income Per Diluted Share From $6.75 To $9.80 Vs $6.73 Est.; Adj. Net Income From $40M To $58M

Sezzle Increases FY24 Revenue Growth Guidance From 35%-40% To 55%; Adj. Net Income Per Diluted Share From $6.75 To $9.80 Vs $6.73 Est.; Adj. Net Income From $40M To $58M

Benzinga ·  05:47

Updated FY2024 Guidance

  • The Company is raising several components of its FY2024 guidance due to: 1) continued sustained growth, and 2) the inclusion of the newly launched banking program with WebBank, which was not accounted for in previous guidance.
    • Net Income: $71.5 million versus $55.0 million provided with 2Q24 earnings.
    • Net Income per Diluted Share: $12.05 versus $9.25 provided with 2Q24 earnings.
    • Total Revenue Growth: 55% versus 35%-40% provided with 2Q24 earnings.
    • Total Revenue Less Transaction Related Costs as a percentage of Total Revenue: No change to the 55% provided with 2Q24 earnings.
  • Additionally, updating the FY2024 guidance for the following metrics that adjust for certain significant gains, losses, and charges that may not directly correlate to the underlying performance of the Company's business:
    • Adjusted Net Income[2]: $58.0 million versus $40.0 million provided with 2Q24 earnings.
    • Adjusted Net Income per Diluted Share2: $9.80 versus $6.75 provided with 2Q24 earnings.
  • The Company expects a mid-single digit annualized effective tax before consideration of discrete tax items for 4Q24.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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