Business
Sezzle (ASX:SZL) share price shoots higher on Q1 update and US listing plans
The Sezzle Inc (ASX: SZL) share price is on course to end the week with a strong gain.
In morning trade, the buy now pay later (BNPL) provider’s shares are up over 8% to $9.65.
Why is the Sezzle share price charging higher?
Investors have been fighting to get hold of the company’s shares this morning after it released its first quarter update and announced plans for a US listing.
In respect to the former, Sezzle reported underlying merchant sales (UMS) growth of 214.1% to US$375.1 million for the three months ended 31 March.
Sezzle also revealed income of US$29.2 million for the quarter, up 216% on the prior corresponding period. This was driven by UMS growth and a small increase in margins.
What were the drivers of this…
-
Noosa News8 hours ago‘Just want to know he’s safe’: Family’s German Shepherd asleep in back of stolen ute
-
Noosa News16 hours agoMan allegedly exposed himself to teen girls in Newstead, Springfield; Dingo snatches shark on K’gari; BBC boss and news chief quit over Trump video outrage
-
General18 hours agoAFL gives teams finishing 10th chance to win premiership through wildcard round in finals
-
Noosa News11 hours agoQueensland Cross-Border Commissioner and former police union boss Ian Leavers found dead at Brisbane home