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, Inc. (NASDAQ: KPLT) has announced it will release its first quarter 2023 financial results on May 11, 2023, before the market opens. A conference call and webcast will be conducted at 8:00 AM ET to discuss these results. Investors can access a live audio webcast on the Katapult Investor Relations website and a replay will be made available afterward.
Katapult is focused on providing a technology-driven lease-to-own platform that aids underserved U.S. non-prime consumers in purchasing durable goods through e-commerce and retailers. Their service includes POS integrations and a mobile app, Katapult Pay™, which offers transparent financing solutions.
Katapult Holdings reported its Q4 2022 financial results, highlighting a 1.5% year-over-year growth in gross originations, totaling $59.8 million. However, total revenue decreased by 33.4% to $48.8 million, primarily due to the adoption of ASC 842. The company recorded a net loss of $14.4 million, with a significant adjusted EBITDA loss of $5.0 million. Despite a challenging macro environment, Katapult added 21 new direct merchants in Q4 and aims to reduce operating expenses by over 10% in 2023. It expects continued growth in gross originations and improved credit quality. A conference call was scheduled for March 9, 2023, to discuss these results further.
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