Welcome to our dedicated page for Katapult Holdings news (Ticker: KPLT), a resource for investors and traders seeking the latest updates and insights on Katapult Holdings stock.
Katapult Holdings Inc. (KPLT) operates a leading lease-to-own platform that provides transparent financing solutions for nonprime consumers and retail partners. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders tracking its position in the FinTech sector.
Investors and analysts will find timely updates on quarterly results, partnership expansions with omnichannel retailers, and technology enhancements to its e-commerce integrations. All content is curated to provide actionable insights into Katapult's market strategy and operational milestones.
The repository includes press releases covering new merchant alliances, platform innovations, and corporate governance updates. Regular visitors can monitor how Katapult's credit-alternative model evolves within the competitive financial technology landscape.
Bookmark this page for streamlined access to verified KPLT developments. Combine these updates with SEC filings and earnings call transcripts for comprehensive analysis of the company's performance in serving underserved consumer markets.
Katapult Holdings reported an 18.1% year-over-year revenue increase in Q1 2024, achieving $65.1 million in total revenue. Gross originations grew by 1.6% to $55.6 million. The company reduced total operating expenses by 18.5% and reported a net loss of $0.6 million, a significant improvement from the $10.5 million loss in Q1 2023. Katapult also reported adjusted net income of $1 million and a positive adjusted EBITDA of $5.6 million. Notable operational highlights include the launch of new features, integrations, and partnerships, as well as a strong repeat purchase rate of 56%. The company anticipates continued growth with a forecasted 10% increase in gross originations and revenue for the full year 2024.
Katapult Holdings, Inc. (NASDAQ: KPLT) will announce its first quarter 2024 financial results on May 15, 2024. The company, an e-commerce-focused financial technology firm, will host a conference call and webcast to discuss the results on the same day at 8:00 AM ET.
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