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. operates an e-commerce-focused financial technology lease-to-own platform for U.S. non-prime consumers. The company integrates with omni-channel retailers and e-commerce platforms through point-of-sale connections and the Katapult app marketplace, including Katapult Pay, to support purchases of everyday durable goods across merchant partners.
Katapult news commonly centers on operating and financial results, gross originations, revenue, adjusted EBITDA, application and customer activity, merchant network development, and capital-structure actions. Company updates also include material agreements, balance-sheet and liquidity developments, shareholder voting matters, and investor-conference presentations describing the lease-purchase marketplace model.
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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