After-hours trading on Wednesday saw shares of Sezzle Inc. (NASDAQ: SEZL) jump 18.66% to $308.00. This remarkable increase came after the business released an updated financial projection for 2024 on January 16, 2025, in advance of its attendance at the 27th Annual Needham Growth Conference.
The purpose-driven digital payment platform Sezzle said it anticipates exceeding its previously stated revenue and income projections for the fiscal year 2024. This positive prediction expands on the solid fourth-quarter results driven by outstanding holiday demand and well-executed strategic plans.
Strong Fourth-Quarter Performance
Its strategic initiatives and robust holiday performance have positioned Sezzle to exceed earlier guidance for 2024.The fact that credit losses are consistent with expectations boosts confidence in reaching these outcomes.
Sezzle’s sales in 2023 was $159.4 million, while the company’s original projection for 2024 was a 55% rise. Performance has above these expectations, according to the amended advice. Similarly, the business now anticipates exceeding the earlier 2024 prediction of $12.05 for the 2023 net income per diluted share of $1.25.
Program for Innovative Financial Education
In addition to its strong financial outlook, SEZL launched Money IQ, an educational platform integrated into its app. Developed in collaboration with Zogo, a leader in financial wellness programming, Money IQ offers users an interactive curriculum designed to improve financial literacy.
This initiative aligns with The National Standards for Personal Finance Education, featuring concise modules with measurable outcomes. Users earn experience points (XP) upon completion, redeemable for Sezzle Spend rewards. According to a poll conducted in November 2024, just 37% of participants felt competent handling their money. The curriculum tackles these findings.
Market Prospects and Development Prospects
Sezzle’s updated guidance highlights its potential for sustained growth, drawing attention from value investors. Using our screener, we have also identified other promising stocks with strong growth projections, such as CURR and OSCL, as potential opportunities in the market. With ST scores of 37 and 41 respectively, these stocks highlight the potential for growth in the market. Check out a quick list of bargain stocks here: View Complete List
With its innovative approach to financial education and strategic momentum, Sezzle (SEZL) continues to demonstrate its commitment to driving user engagement and delivering value to shareholders.