Sezzle Results Presentation Deck
PROVISION FOR CREDIT LOSSES
2.3%
$10.5
osn je
1Q22
Provision
Provision for Credit Losses
1.9%
$7.9
1.3%
$5.7
2Q22
3Q22
for Credit Losses ($US in milllions)
1.2%
$5.4
4Q22
0.5%
$1.7
1Q23
% of UMS
COMMENTARY
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Sezzle posted a new quarterly low in the Provision for
Credit Losses.
In addition to continuous improvement to the Company's
proprietary underwriting such as the Prophet Machine
Learning Model launched in 2022, receivables originated
in 2022 performed better than expected resulting in a
benefit being recognized during 1Q23.
The Company's pursuit of topline growth in 2023 is
anticipated to cause an increase in the Provision for Credit
Losses. The Company plans to proactively manage this
marginal uptick by evolving its Prophet Model.
SEZZLE INC 1Q23 Presentation 11View entire presentation