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. (NASDAQ: KPLT) is an e-commerce-focused financial technology company that operates a technology-driven lease-to-own platform for underserved U.S. non-prime consumers. Its news flow centers on how this platform integrates with omni-channel retailers and e-commerce merchants, the performance of its app-based marketplace, and developments affecting its capital structure and strategic direction.
On this page, readers can follow KPLT news related to quarterly and annual financial results, where Katapult reports metrics such as gross originations, revenue trends, customer application growth, repeat customer activity, and Net Promoter Scores. Earnings releases often highlight the role of the Katapult app marketplace and Katapult Pay in driving transaction volume and engagement with merchant partners.
Katapult’s disclosures also generate news about financing and balance sheet actions, including amendments and waivers under its loan agreements, refinancing arrangements, and the issuance of Series A and Series B Convertible Preferred Stock to an affiliate of Hawthorn Horizon Credit Fund, LLC. These items provide context on liquidity, covenant compliance, and potential equity ownership changes through conversion features.
A major recent development in KPLT news is the announced all-stock business combination with The Aaron’s Company, Inc. and CCF Holdings LLC, which is intended to create a combined omni-channel platform serving non-prime consumers. Updates around this transaction include the merger agreement terms, expected ownership structure, required stockholder and regulatory approvals, and planned filing of a registration statement on Form S-4 with a joint proxy statement/prospectus.
Investors and observers use Katapult news to monitor operating performance, marketplace evolution, capital structure decisions, and progress toward the proposed merger. This page aggregates those updates so readers can review company-issued press releases and related disclosures in one place.
Katapult Holdings, Inc. (NASDAQ: KPLT) will announce its third quarter financial results for the period ending September 30, 2022, on November 9, 2022, before the market opens. The company operates a lease-to-own platform that assists non-prime customers with online shopping. A conference call is scheduled for 8:00 AM ET on the same day to discuss the results, which will be available via live audio webcast. Investors can access the call through the Katapult Investor Relations website.
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Katapult partners with furniture supplier 1StopBedrooms to provide lease-to-own options, improving access for nonprime consumers seeking quality home furnishings. The partnership allows customers to enjoy flexible purchasing despite limited credit options, enhancing their shopping experience with transparent lease-purchase plans.
Katapult's technology streamlines online integration for merchants, driving higher transaction volumes and customer loyalty. This collaboration reflects Katapult's commitment to expanding consumer access in the furniture market while promoting financial inclusivity.
PLANO, Texas, Sept. 08, 2022 - Katapult adds SimpleTire to its merchant network, enhancing financing options for customers with non-prime credit. The partnership aims to provide these consumers a transparent lease-purchase solution for tire purchases, addressing immediate needs. CEO Orlando Zayas emphasized that this collaboration allows consumers to manage expenses while facing economic challenges like inflation. Katapult supports various retailers, ensuring a seamless checkout experience. SimpleTire is recognized for its extensive tire inventory and was named a top workplace in the tire industry.
Katapult Holdings, Inc. (KPLT) reported a second quarter 2022 revenue of $53.0 million, down $24.5 million from the previous year, largely due to the adoption of ASC 842 and macroeconomic pressures. The company experienced a 28% decline in gross originations, totaling $46.4 million. A net loss of $9.7 million was recorded, with adjusted EBITDA at $(5.3) million. Despite these challenges, the company added 42 new merchants and maintained high customer satisfaction, with a Net Promoter Score of 60.
Katapult Holdings (NASDAQ: KPLT) will release its second quarter financial results for the period ending June 30, 2022, on August 9, 2022, before the market opens. The company provides lease-to-own solutions for non-prime customers and integrates with various retail platforms. A conference call is scheduled for the same day at 8:00 AM ET to discuss these results. Investors can listen live on the Katapult Investor Relations website.
Katapult Holdings, Inc. (NASDAQ:KPLT) has appointed Reid Bork as Chief Revenue Officer. Bork will enhance Katapult's sales strategy, focusing on expanding merchant partnerships and optimizing customer engagement. He brings experience from Sezzle, where he grew enterprise revenue by 800% in 18 months, and PayPal, where he managed multinational clients. CEO Orlando Zayas emphasized Bork's proven leadership and client service skills, which align with Katapult's commitment to growth and teamwork. Katapult is a lease-to-own platform catering to non-prime customers, leveraging AI and machine learning for customer prediction.
Katapult Holdings, a financial technology company focused on e-commerce, will participate in the Barclays Emerging Payments and Fintech Forum. CEO Orlando Zayas and CFO Karissa Cupito will engage in a fireside chat and discuss Q1 performance on May 16, 2022, at 4:40 PM ET. Investors can tune in through the Katapult Investor Relations website, where a replay will be available afterward. With a mission to empower non-prime consumers, Katapult offers point-of-sale lease purchase options, enhancing access to traditional financial products.
Katapult Holdings reported a first quarter 2022 revenue of $59.9 million, down $20.7 million from the prior year. This decline includes $3.0 million due to ASC 842 adoption. Gross originations fell 27% to $46.7 million, impacted by macroeconomic challenges and tighter underwriting. The company recorded a net loss of $5.6 million and an adjusted net loss of $7.6 million, a significant decrease from an adjusted net income of $9.2 million in the previous year. Katapult maintained $80.6 million in cash and remains optimistic about future growth opportunities.
Katapult Holdings, Inc. (NASDAQ: KPLT) will release its first quarter financial results for the period ending March 31, 2022, on May 10, 2022, prior to market opening. The company will host a conference call at 8:00 AM ET on the same day to discuss the results. Investors can access the earnings call via the Katapult Investor Relations website or through dial-in options. Additionally, Katapult is scheduled to conduct its 2022 Annual Meeting of Stockholders on June 7, 2022, as a virtual-only event, with the record date set for April 8, 2022.