Home Money Sezzle Inc. (SEZL) Q1 2024 Earnings Call Transcript

Sezzle Inc. (SEZL) Q1 2024 Earnings Call Transcript

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Sezzle Inc. (SEZL) Q1 2024 Earnings Call Transcript

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Sezzle Inc. (NASDAQ:SEZL) Q1 2024 Results Conference Call May 8, 2024 5:00 PM ET

Company Participants

Charles Youakim – Co-Founder, Executive Chairman & CEO
Paul Paradis – Co-Founder and President
Karen Hartje – Chief Financial Officer
Lee Brading – Head of Corp Dev and IR

Conference Call Participants

Nico Sacchetti – RBC

Operator

Good evening, and welcome to the Sezzle First Quarter Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Charles Youakim. Please go ahead.

Charles Youakim

Thank you. Good afternoon, everyone, and welcome to Sezzle’s 2024 First Quarter Earnings Call. My name is Charlie Youakim, I’m the CEO and Executive Chairman of Sezzle. I’m joined today by my Co-Founder and President, Paul Paradis, our Chief Financial Officer, Karen Hartje; and our Head of Corp Dev and IR, Lee Brading.

In conjunction with this conference call, we filed our earnings announcement with the SEC and have posted along with our earnings presentation on our investor website on sezzle.com. If you have not done so already, please go to the Investor Relations section of our website. There, you’ll find the press release and earnings presentation under quarterly earnings within the financial section. Now that we’re all sorted, let’s get started.

We’ve had a number of extraordinary quarters in our short history, and I think you’ll agree that this quarter could be among the best thus far. Now let’s dive into the presentation starting with the left side of Slide 3.

Q1 turned out to be another strong quarter of top line growth as total income increased 35.5% compared to the prior year’s quarter. Net income for the quarter came in at $8 million, which is larger than the $7.1 million in net income that we posted for all of 2023. Because that

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