BUZZ-Sezzle hits record high after lifting annual forecasts

Reuters11-09

** Shares of buy now, pay later firm Sezzle jump 71.3% to $428.98, hitting their record high

** SEZL late Thursday forecast annual net income per share of $12.05, higher than its prior forecast of $9.25

** Co also now expects annual revenue growth of 55%, compared to prior expectations of 35% to 40%

** Northland Capital says raised forecast reflects the successful launch of banking program with Utah-based WebBank

** Q3 revenue soared 71.3% to $70 mln, fueled by subscriber growth and consumer engagement

** Q3 net income jumped to $2.62/shr, compared to 23 cents/shr a year earlier

** As of last close, SEZL shares up 1,121% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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