Sezzle Inc. Stock Price, News & Analysis

Sezzle (NASDAQ: SEZL) has announced a new $15 million stock repurchase program, following the completion of its previous $5 million plan. The Board's decision reflects confidence in the company's momentum and commitment to enhancing shareholder value through strategic capital allocation. The repurchases will be conducted in open market transactions, adhering to SEC Rule 10b-18 and federal securities laws. Sezzle emphasizes flexibility, noting that the program can be extended, paused, or discontinued at the company's discretion. The fintech company aims to financially empower consumers with its interest-free installment payment platform.

Sezzle announced the resignation of Paul Purcell from its Board of Directors, effective June 6, 2024. Mr. Purcell, who has served since April 2019, was a member of various committees and decided not to stand for reelection at the 2024 Annual Meeting of Stockholders. Sezzle is postponing this meeting, originally set for June 13, 2024, and will provide updated details soon. Mr. Purcell is stepping down to focus on his other professional commitments, including his roles at Jupiter Management and other companies. Sezzle expressed gratitude for his contributions and leadership during his tenure, noting the company's growth from a private firm to a NASDAQ-listed entity.

Sezzle (NASDAQ:SEZL), a digital payment platform, is set to join the Russell 2000® and Russell 3000® Indexes on July 1, 2024, following the annual reconstitution of the Russell US Indexes.

This inclusion is based on Sezzle's market capitalization as of April 30, 2024.

This milestone is expected to enhance Sezzle's visibility and attract new investment opportunities.

The Russell indexes, managed by FTSE Russell, are widely used benchmarks, with approximately $10.5 trillion in assets benchmarked against them.

Sezzle's CFO, Karen Hartje, expressed pride in the achievement and emphasized the potential for growth and success this inclusion signifies.

Sezzle (NASDAQ:SEZL) has announced a new partnership with Vallarta Supermarkets, a prominent family-run grocery chain in Southern California. This collaboration marks Sezzle's significant expansion in the grocery sector, where Buy Now, Pay Later (BNPL) options for grocery purchases have surged by 40% according to Adobe. Sezzle's interest-free payment platform has seen 61% of its users utilizing BNPL for groceries in the past three months. This move aims to provide consumers with an alternative to high-interest credit cards, especially as the cost of living continues to rise. The partnership intends to enhance shopping convenience and financial accessibility for Vallarta's customers.

Bastion Management announced a $150 million senior debt investment in Sezzle, with potential expansion up to $225 million. This facility refinances a previous $100 million facility from October 2022. The new funds aim to support Sezzle's growth in the U.S. and Canadian markets and further strategic initiatives. Sezzle's CFO, Karen Hartje, emphasized that the larger, lower-cost facility would enhance the company's ability to fund new initiatives and maintain profitable growth. Bastion's CEO, Jay Braden, highlighted their ongoing partnership and commitment to supporting Sezzle's innovation and expansion.

Sezzle Inc. (NASDAQ: SEZL) reports strong financial results for the first quarter of 2024, with GAAP Net Income exceeding 2023's total. The company's focus on profitable growth led to a YoY increase in Underlying Merchant Sales, Total Income, and Operating Income. Sezzle raised FY2024 GAAP Net Income guidance from $20.0 million to $30.0 million. The company also announced a new $150.0 million receivables funding facility and updated guidance for FY2024. Sezzle continues to prioritize equity capital management and shareholder returns.

Sezzle Inc. (NASDAQ: SEZL) introduces Payment Streaks, a loyalty program rewarding users for on-time payments, gamifying financial responsibility. Users ascend loyalty tiers by making timely payments, emphasizing Sezzle's commitment to customer experience and financial wellness. The program incentivizes responsible payment behaviors through gamification, offering benefits like monthly giveaways and referral bonuses. Payment Streaks are available to U.S. shoppers on the Sezzle app, with plans for expansion to Canada.