Sezzle Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
SEZL$149.28-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
| For the years ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Total income | $159,356,772 | $125,570,441 |
| Operating Expenses | ||
| Personnel | 46,373,915 | 51,217,083 |
| Transaction expense | 39,207,768 | 40,776,825 |
| Third-party technology and data | 7,815,915 | 8,190,022 |
| Marketing, advertising, and tradeshows | 11,984,019 | 18,972,025 |
| General and administrative | 8,587,781 | 16,411,912 |
| Provision for credit losses | 23,186,973 | 29,437,179 |
| Reimbursement of merger-related costs | — | (11,000,000) |
| Total operating expenses | 137,156,371 | 154,005,046 |
| Operating Income (Loss) | 22,200,401 | (28,434,605) |
| Other Income (Expense) | ||
| Net interest expense | (15,968,380) | (8,600,716) |
| Other income (expense), net | 1,933,450 | (225,606) |
| Loss on extinguishment of line of credit | — | (813,806) |
| Fair value adjustment on warrants | (455,962) | 50,424 |
| Income (Loss) before taxes | 7,709,509 | (38,024,309) |
| Income tax expense | 611,487 | 69,447 |
| Net Income (Loss) | 7,098,022 | (38,093,756) |
| Other Comprehensive Loss | ||
| Foreign currency translation adjustment | (3,025) | (1,207,885) |
| Total Comprehensive Income (Loss) | $7,094,997 | $(39,301,641) |
| Net income (loss) per share*: | ||
| Basic | $1.27 | $(7.00) |
| Diluted | $1.25 | $(7.00) |
| Weighted-average shares outstanding*: | ||
| Basic | 5,606,087 | 5,443,605 |
| Diluted | 5,678,527 | 5,443,605 |
*Effective May 11, 2023, we performed a 1-for-38 reverse stock split. Share and per-share amounts have been retroactively restated.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.