Latest news with #Sezzle
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
‘Buy now, pay later' plans are booming as young people struggle with expenses — and some may be losing control
Life-changing LASIK surgery. Thousand-dollar concert tickets. Groceries, lipstick and bright pink sex toys. These are just some of the things Canadians are buying with mini-loans. Thanks to the rise of 'buy now, pay later' (BNPL), consumers can split all kinds of purchases into interest-free instalments by clicking a button — often without a credit check or only a soft credit check. Today, BNPL lenders like Klarna, Sezzle, Afterpay and Affirm can be found at checkouts across the nation. They've partnered with popular retailers such as Ticketmaster, Sephora, Amazon and Costco, and have seen a big surge in users as a result, particularly among gen Z and millennials. How do most 'buy now, pay later' apps make money? The share of Canadians who completed a purchase in-store or online using a BNPL service jumped to 25 per cent in 2024 from just nine per cent in 2022, according to Payments Canada, the organization that operates payment clearing and settlement infrastructure in the country. And, by the end of 2030, the Canadian BNPL sector is expected to almost double its 2024 value of $6.69 billion (U.S.), to approximately $11.32 billion, Dublin-based firm Research and Markets projects. Lenders say they are helping young Canadians, many of whom are just starting to build their credit scores, get access to smaller loans that are more manageable than traditional lines of credit. 'We're credit on training wheels,' said Patrick Chan, general manager of Sezzle Canada. But recent studies have found that BNPL increases spending and puts consumers at risk of losing control of their debt, with nearly half of American users reporting they've regretted financing at least one purchase with BNPL . As the Canadian market evolves rapidly, there is growing concern around young people developing unhealthy spending habits with BNPL tools — especially as youth unemployment soars — while many are feeling pressure to keep up with pricey, unrealistic lifestyles promoted by sponsored digital influencers and social media. People tend to see credit 'as a tool that can enable that lifestyle,' said Miranda Goode, an associate professor of marketing at Ivey Business School who specializes in consumer behaviour and debt. With rising costs of living, a lot of the things we want to buy today are not in our budgets, she added. 'That's just the reality for a lot of people — you still want it and you're still going to make (the purchase).' Toronto resident Leeyhan Dizon, 40, remembers the first time he used a BNPL service. It was a few years ago, and he financed a coat costing around $500 (Canadian) from the trendy Canadian brand Moose Knuckles. 'I was a working student back then,' said Dizon, an employment development consultant at Brock University. He was excited to make the purchase, he said, and even felt more motivated to work because he knew he needed the money to pay it off. Then, a couple months later, he went on to get two pairs of winter boots with another loan, costing him about $400. Skin care and electronics purchases followed, and Dizon soon found himself losing control of his loans. 'I would try to recall, 'why did I get this deduction or why did I get a debit of this amount?' Then I would remember, 'oh, yeah, it's because I have a Klarna payment' ... And I would just be surprised.' 'It can get addictive, to be honest,' said Dizon. 'Then you realize that you have spread yourself too thin on these items, or these purchases.' The issue with BNPL boils down to human psychology, according to the Ivey Business School's Goode. Paying in instalments can make someone feel like they're less financially restrained. 'So therefore you make more frequent purchases using 'buy now, pay later.' And you usually spend a bit more,' she said. 'If I spent $50 at Sephora right out of pocket, right then and there, that would feel a lot worse than if I break it up a little bit,' she explained. But at the end of the day, you're still paying $50 — maybe more if you start missing payments. While buy now, pay later offers convenience at no direct cost to consumers, experts warn it is not without risks as merchants cover the fees hoping shoppers will spend more. (July 3, 2025 / The Canadian Press) While paying in instalments isn't a new concept, more consumers have been gravitating toward 'Pay in Four' loan offerings. The way these loans typically work is, rather than paying the full amount upfront, the consumer pays a quarter of the value upon making the purchase. The remaining three equal payments then get charged to a credit card, debit card or bank account every two weeks afterwards. Most BNPL lenders don't charge any interest or fees on these loans if you pay on time, making them especially attractive to borrowers. According to Payments Canada, young and middle-aged Canadians aged 18-34 and 35-54, respectively, are much more likely to frequently use BNPL than older Canadians. But young Canadians appear to be relying more on these services to purchase necessities compared to middle-aged Canadians. While young people say their top reason for using BNPL is the ability to easily borrow or defer payments, middle-aged Canadians are using it primarily to budget, according to Payments Canada data. Young Canadians also included buying food and groceries among their top three BNPL purchase categories as opposed to middle-aged Canadians. 'The problem is, it's hard to make enough money in this country to actually sustain your life,' said licensed insolvency trustee Joshua Harris of Harris & Partners. 'This is just the next generation of payday loans ... baby boomers, they just go to Money Mart because they're more comfortable with that.' Harris said that, while he hasn't come across borrowers defaulting on grocery payments, he's increasingly seeing BNPL loans pop up in bankruptcy and consumer proposal filings. Often, the loans are on discretionary items, he added. 'It's that sweatshirt you don't need. It's that gadget for the kitchen you definitely don't need, and somehow people are getting stuck into this.' The Star spoke with two BNPL lenders, Affirm and Sezzle, who maintained that they don't benefit from customers overconsuming and falling behind on their payments. (Klarna did not respond to requests for comment and Afterpay declined to be interviewed for this story). That's because most of their revenue comes from charging merchants transaction fees, and not from late payment penalties. 'Because we have very minimal fees if you miss payments, the reality is, we can't survive unless people actually pay us,' said Chan, Sezzle Canada's general manager. If someone misses an instalment, Sezzle will lock their account, stopping them for spending further until they make the payment as well as pay a 'reactivation' fee of $10. Sezzle also charges a 'rescheduling convenience fee' of up to $5 to allow users to delay their payment by up to two weeks. Wayne Pommen, chief revenue officer for Affirm, said that while the company offers some loans that charge interest, it doesn't collect late payment fees at all. 'We take the full loss of not being able to collect the money that we sent the retailer on behalf of the consumer,' he said. Wayne Pommen, chief revenue officer for 'buy now, pay later' company Affirm, says that that while the firm offers some loans that charge interest, it doesn't collect late payment fees at all. It's difficult to know how prevalent late payments on these popular loans are, as different entities report varying statistics. A study by American firm LendingTree found that 41 per cent of BNPL users reported paying late last year, up from 34 per cent the year before. However, 76 per cent of those people were late by only a week or so. 'I wouldn't say that's any more or less significant than what we're seeing with credit card debt,' said Goode in response to LendingTree's findings. 'I think in the short term, those late payments are probably a little less impactful on people's pocketbook than the interest that people are accumulating off of revolving debt.' BNPL providers say the majority of their customers pay either on time or even early. Afterpay states that 96 per cent of Canadian users are diligent borrowers. Meanwhile, Affirm reported in its latest earnings that the share of customers who missed a payment on a monthly instalment loan by 30 days or more was just 2.4 per cent. Still, research supports that people spend more with BNPL, even compared to credit cards, with retailers seeing significantly higher sales and profitability. A recent study published by the American National Bureau of Economic Research showed that BNPL increases sales by 20 per cent at checkout, driven by low-creditworthiness consumers — those who are least likely to repay their debt. 'It's all about the incremental sale,' explained Dan Perlin, managing director of research in payments, processing and IT Services at RBC Capital Markets, in an article published by the bank in 2021. 'Retailers for years have complained about the cost of credit cards and the ultimate corresponding interchange fees that go along with that. The problem is that general-purpose cards are not driving another incremental sale at this point,' Perlin wrote. 'But BNPL shows upwards of 20 to 30 per cent lifts in incremental share at checkout. And average basket sizes are going up above those levels.' Asked whether BNPL could be encouraging overconsumption in a way that isn't putting consumers into dangerous levels of debt, but also might not be helping them spend responsibly either, Chan said it's possible. 'Can Sezzle cause somebody to think that they should buy something that maybe they shouldn't? Yeah, potentially,' he said. 'But I think people just need to be more, you know, mindful of how they spend.'
Globe and Mail
6 days ago
- Business
- Globe and Mail
Sezzle: A Fintech Powerhouse in the Buy Now, Pay Later Arena
Explore the exciting world of Sezzle (NASDAQ: SEZL) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of Jun. 4, 2025. The video was published on Jul. 4, 2025. Should you invest $1,000 in Sezzle right now? Before you buy stock in Sezzle, consider this: Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sezzle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor 's total average return is1,049% — a market-crushing outperformance compared to179%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
Yahoo
01-07-2025
- Business
- Yahoo
Zacks.com featured highlights include Sezzle, RF Industries, Tutor Perini, Limbach and Great Lakes Dredge & Dock
Chicago, IL – July 1, 2025 – Stocks in this week's article are Sezzle Inc. SEZL, RF Industries Ltd. RFIL, Tutor Perini Corp. TPC, Limbach Holdings Inc. LMB and Great Lakes Dredge & Dock Corp. GLDD. U.S. stock markets closed sharply higher at a record-high level on Friday. Expectations of a U.S.-China trade deal and interest rate cuts in the second half of 2025 boosted market participants confidence in risky assets like equities. On June 27, the S&P 500 closed at 6,173.07, marking a new closing high. In intraday trading, Wall Street's most observed benchmark posted a new all-time high of 6,187.68. The tech-heavy Nasdaq Composite ended at 20,273.46. This was a new record-high closing for the index. In intraday trading, the tech-laden index also posted a new all-time high of 20,311.51. The blue-chip Dow finished at 43,819.27, falling 2.7% below its all-time high recorded on Dec 4, 2024. Consequently, a handful of stocks have shown price strength. We have primarily targeted stocks that have recently been on a bull run. Such stocks have a high chance of carrying the momentum forward. Five such stocks are — Sezzle Inc., RF Industries Ltd., Tutor Perini Corp., Limbach Holdings Inc. and Great Lakes Dredge & Dock Corp.. If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational. However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy. Here's how you should create the screen to shortlist the current as well as the potential winners. Let's discuss five out of these 13 stocks here: Sezzle operates as a technology-enabled payments company primarily in the United States and Canada. SEZL provides its proprietary payments solution in-store and online connecting consumers with merchants. SEZL also offers the Sezzle Platform, which provides a payments solution for consumers that extends credit at the point-of-sale, allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time. The stock price of Sezzle has soared 411.4% over the past four weeks. The company has expected earnings growth of 77.2% for the current year. The Zacks Consensus Estimate for the current year has improved 6.6% over the last 30 days. RF Industries designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, China, the United Kingdom, and internationally. RFIL operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly. RFIL designs, manufactures, and distributes various coaxial connectors and cable assemblies that are integrated with coaxial connectors, custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, adapters, and electromechanical wiring harnesses for communication, computer, LAN, automotive, and medical equipment. The stock price of RF Industries has jumped 29% over the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.3% over the last 30 days. Tutor Perini provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. TPC operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment is engaged in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment of TPC offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. TPC's Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations. The stock price of Tutor Perini has climbed 26% over the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 14.4% over the last 60 days. Limbach Holdings operates as a building systems solution company in the United States. LMB operates through two segments, General Contractor Relationships and Owner Direct Relationships. LMB is engaged in construction and renovation projects that primarily include mechanical, plumbing, and electrical services. LMB also provides critical system repair, MEP infrastructure projects, maintenance contracts, building automation upgrades, data-driven insights, and program management services. The stock price of Limbach Holdings has advanced 9.7% over the past four weeks. The company has expected earnings growth of 21.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 36.9% over the last 60 days. Great Lakes Dredge & Dock is the largest provider of dredging services in the US conducting business to maintain and deepen shipping channels, reclaim land from the ocean, and renourish storm-damaged coastline. GLDD also conducts around 25% of its operations internationally with a strong focus in the Middle East. Projects can generally be recognized to fall within a number of categories, namely, maintenance projects to keep shipping channels and harbors at their required depths, capital works to excavate, deepen or widen navigable waterways, beach restoration for storm damaged coastline and reclamation works to restore wetlands or create new land in the ocean. The stock price of GLDD has risen 8.3% over the past four weeks. The company has expected earnings growth of 14.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 39.1% over the last 60 days. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today For the rest of this Screen of the Week article please visit at: Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: Join us on Facebook: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report RF Industries, Ltd. (RFIL) : Free Stock Analysis Report Sezzle Inc. (SEZL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Qifu Technology vs. Sezzle: Which Credit Tech Stock is the Smarter Buy?
Both Qifu Technology QFIN and Sezzle SEZL are eminent players within the credit tech space. QFIN, a Chinese-based fintech company, serves customers utilizing an AI-powered credit platform. Sezzle, on the other hand, is a U.S.-based buy-now-pay-later (BNPL) service provider that offers installment credit to underbanked consumers. This comparative analysis serves well for investors who are keen on dipping their hands in the credit-tech domain and gain exposure in the fintech space at large. The end goal is to determine which stock provides a better growth opportunity. QFIN's core strength lies in its capital-light model, which maximizes growth while minimizing credit risk. The company utilizes the Intelligence Credit Engine (ICE) to connect borrowers with financial institution partners. This dual engine shifts credit risks to partners, thereby lowering the provisions for loan losses, thus improving margins. The company demonstrated an impressive financial performance during the March-end quarter. Total facilitation and origination loan volume registered a 15.8% year-over-year growth. The dual engine model was responsible for 49.3% of the total originations. The top line showed 12.9% growth while operating income grew a whopping 44.8% year over year, indicating strong operational leverage. Moving forward, we are optimistic about the company's AI-Plus credit strategy, launched in early 2025. The main goal of this strategy is to develop an AI agent platform to enhance core credit processes. QFIN has already seen benefits from this initiative, including increased loan volumes, and its delinquency rates after 30 days of collection have remained stable at 0.6%. Additionally, funding costs have decreased 30 basis points due to improved underwriting efficiency and strong asset quality. As a leading credit-tech platform in China, Qifu Technology benefits from the rising market opportunity. The Chinese digital lending platform market is expected to witness a CAGR of 27.3% from 2024 to 2030, and this bodes well for QFIN's business, indicating strong demand for its services in the future. SEZL's market play is vested in its ability to serve the underbanked population. By carving out this niche within the U.S. fintech market, the company enjoys an immense growth opportunity. Sezzle's presence is popular in the e-commerce space as it provides immediate financial flexibility during checkout. As a prominent player within the U.S. BNPL sector, the company is at the cusp of riding on the back of an expanding digital payment market that is expected to witness a CAGR of 11.8 % from 2023 to 2028. The recent financial performance demonstrates the company's ability to adapt to market forces and effectively serve the underbanked with alternative credit options. In the first quarter of 2025, SEZL's revenues increased 123.3% compared to the same period last year. This impressive increase was driven by a rise in transaction volume, as shown by a 64.1% year-over-year increase in gross merchandise volume. Operating income surged 260.6% year over year, clearly highlighting its operational leverage and scalability. Sezzle's continuous innovation solidifies its position within the credit-tech domain. Initiatives, including Sezzle Balance, Money IQ, and many more, aid customers' experiences, thus paying SEZL with dividends. During the March-end quarter, the company reported an increase in the annual customer purchases frequency to 6.5 times from the year-ago quarter's 4.5 times. It means that customers use Sezzle's platform more often for purchases, resulting in higher transactions, which leads to higher revenues. The Zacks Consensus Estimate for QFIN's 2025 sales is pegged at $2.6 billion, suggesting 7.6% year-over-year growth. The consensus estimate for earnings is pegged at $7.09, indicating a 25.3% rise from the preceding year's actual. Two earnings estimates for 2025 have moved north in the past 60 days, versus no southward revisions. Image Source: Zacks Investment Research The Zacks Consensus Estimate for SEZL's 2025 sales is pegged at $441.8 million, implying 62.9% year-over-year growth. The consensus estimate for earnings is pegged at $3.26 per share, indicating 77.2% year-over-year growth. Two earnings estimates for 2025 have moved north in the past 60 days, versus no southward revisions. Image Source: Zacks Investment Research Qifu Technology is currently trading at a forward 12-month P/E ratio of 5.97X, which is slightly above the 12-month median of 5.86X. Sezzle is trading at 43.86X, significantly higher than the 12-month median of 19.51X. Although both stocks are trading at a premium compared to their historical valuations, QFIN appears much cheaper than SEZL. Image Source: Zacks Investment Research Despite Sezzle's rapid revenue growth and a top-tier Zacks Rank #1 (Strong Buy), its steep valuation at 43.86x forward earnings raises caution. In contrast, Qifu Technology offers a more balanced profile with strong operating margins, a capital-light AI-driven model, and a far more attractive valuation at just 5.97x forward earnings. While QFIN holds a slightly lower Zacks Rank #2 (Buy), its risk-reward tradeoff appears more favorable given macro uncertainties. For value-conscious investors seeking solid growth at a reasonable price, QFIN looks like the smarter buy in the current fintech landscape. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qifu Technology, Inc. (QFIN) : Free Stock Analysis Report Sezzle Inc. (SEZL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Are Options Traders Betting on a Big Move in Sezzle Stock?
Investors in Sezzle Inc. SEZL need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $25.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Sezzle shares, but what is the fundamental picture for the company? Currently, Sezzle is a Zacks Rank #1 (Strong Buy) in the Financial Transaction Services industry that ranks in the Top 20% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 40 cents per share to 58 cents in that period. Given the way analysts feel about Sezzle right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Click to get this free report Sezzle Inc. (SEZL): Free Stock Analysis Report
