Katapult Holdings Inc Stock Price, News & Analysis

Katapult Holdings, a financial technology company focused on e-commerce, will participate in the Stephens Annual Investment Conference. CEO Orlando Zayas and CFO Karissa Cupito will host a fireside chat and discuss the company’s fourth quarter performance on December 1, 2021, at 5:00 PM ET. The live audio webcast will be accessible on the Katapult Investor Relations site, with an archived version available afterward. Katapult (NASDAQ: KPLT) offers lease purchase options for nonprime consumers, enhancing access to durable goods through its advanced technology platform.

Katapult Holdings, Inc. (NASDAQ: KPLT) reported its third-quarter 2021 financial results, revealing a total revenue of $71.7 million, marking a 1% increase from Q3 2020 and a 32% increase year-to-date to $229.8 million. The company's net income stood at $13.7 million, bolstered by a $21.3 million revaluation gain. Despite challenges from supply chain disruptions, gross originations were $61.0 million, up 1%. Katapult maintains a healthy cash position of $99.7 million and achieved a 60 Net Promoter Score, reflecting strong customer satisfaction.

Katapult, a financial technology company focused on eCommerce, has upgraded its partnership with Adobe to become an Accelerate partner in the Adobe Exchange Program. This partnership enhances collaboration between Katapult and Adobe, allowing merchants using Adobe Commerce to receive prioritized support and access to real-time data. The integration of Katapult's lease-purchase solution with Adobe Commerce aims to improve the checkout experience for consumers while enabling merchants to grow their business more effectively. Katapult continues to prioritize consumer needs through transparent payment options.

Katapult will announce its third quarter financial results for the period ending September 30, 2021, on November 9, 2021, prior to market opening. A conference call will take place at 8:00 AM ET on the same day to discuss the results. Investors can access a live audio webcast via Katapult's Investor Relations website. The call will also be available for replay until November 23, 2021. The conference ID for dial-in is 9768849.

Katapult has launched its eCommerce point-of-sale lease-purchase solution through an integration with Salesforce Commerce Cloud. This innovation allows retailers to offer a seamless checkout experience, catering to customers with no or developing credit. Retail partners can expect incremental growth and an expanded customer base as the integration streamlines their processes. Katapult's technology aims to enhance transactions and improve customer loyalty, providing consumers access to durable goods when needed.

Katapult, a financial technology company, announced efforts to assist communities affected by Hurricane Ida. The firm will donate $50,000 to the American Red Cross, aiding relief in Louisiana and Mississippi. They are also offering hardship support to customers in impacted areas by providing temporary payment reductions on lease payments. Katapult aims to support its customers and retail partners during this crisis, emphasizing its commitment to their safety and well-being amid the ongoing recovery efforts.

Katapult, a leader in eCommerce point-of-sale lease-purchase solutions, announced a new direct apply feature that simplifies the shopping experience for nonprime consumers. Customers can now apply directly on Katapult.com for a pre-approved lease amount, enhancing confidence when shopping at various retailers like furniture and gaming stores. This feature aligns with Katapult's mission to remove financial barriers and provide alternative solutions without credit requirements. By partnering with Katapult, retailers can access an underserved customer base.

Katapult Holding, an e-commerce focused financial technology company, will present at the 2021 Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 8:30 a.m. Eastern Time. Presenters include CEO Orlando Zayas, CFO Karissa Cupito, and COO Derek Medlin. The event will be webcast live, accessible through the Katapult Investor Relations website. Katapult offers point of sale lease purchase options aimed at nonprime consumers, utilizing a sophisticated technology platform for seamless integration and customer experience.