Q: Hello 5i
Please comment on Sezzle and DAVE inc recent earnings and outlook.
Thank you
Dave
Please comment on Sezzle and DAVE inc recent earnings and outlook.
Thank you
Dave
5i Research Answer:
DAVE: EPS of $2.48 beat estimates of $0.75 and revenues of $108M beat esimtates of $92.63M. Management raised guidance for FY2025 sales to be in the range of $460M to $475M from previous guidance of $415M to $435M. Sales grew 47%, net profits hit $28.8M, and its operating leverage is beginning to kick in. It noted success in CashAI and have gained confidence in their new fee model. These were quite strong results.
SEZL: EPS of $1.0 beat estimates of $0.204 and revenues of $104.9M beat estimates of $64.76M. GMV rose 64.1% year-over-year, field by increased subscriber and on-demand user engagement. Sales grew 123.3% and operating income jumped significantly. Management raised guidance and, overall these earnings were strong.