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 announced it will release its financial results for the second quarter ended June 30, 2021, on August 10, 2021, before market opening. A conference call and webcast will be held at 8:00 AM ET the same day to discuss the results. Investors can access the live audio webcast on the Katapult Investor Relations website. A replay of the call will be available after the event until August 24, 2021. The contact details for investor inquiries are provided, including the VP of Investor Relations, Bill Wright.
Katapult Holdings, a financial technology company, will ring the Nasdaq Opening Bell on July 8, 2021, celebrating its recent public listing under ticker KPLT. This event marks a significant milestone for the company, which began trading on June 10, 2021. CEO Orlando Zayas expressed excitement about celebrating this accomplishment alongside the Katapult team. Katapult specializes in omnichannel lease-purchase solutions, empowering retailers and consumers with integrated technology to enhance customer engagement and transaction volume.
Katapult Holdings reported a strong first quarter for 2021, with total revenue reaching $80.6 million, an 88% increase year-over-year. Gross originations climbed 71% to $63.7 million. Net income hit $8.1 million, marking a 120% increase. Adjusted net income rose to $9.3 million, up 146%. The company onboarded 26 new retailers, including Motorola and Cybertron, and anticipates FY 2021 gross originations between $375 million and $425 million. Katapult's Adjusted EBITDA for Q1 was $14.7 million, a 122% growth.
Katapult Holdings (NASDAQ: KPLT) commenced trading on the Nasdaq on June 10, 2021, following its merger with FinServ Acquisition Corp. The CEO, Orlando Zayas, highlighted significant revenue growth and emphasized the company’s mission to empower nonprime consumers. As a leading financial technology firm, Katapult aims to enhance e-commerce by offering flexible lease-purchase solutions for retailers and consumers. The merger positions Katapult for continued growth and operational expansion.
Katapult Holdings, Inc. has successfully merged with FinServ Acquisition Corp., with the combined entity now trading under the ticker KPLT on Nasdaq. This merger, approved by FinServ's stockholders on June 7, 2021, was finalized on June 9, 2021. Katapult focuses on providing an omnichannel lease-purchase platform, enhancing e-commerce financial solutions for retailers and consumers. The company will release its first-quarter financial results on June 15, 2021, before market open, hosting a conference call at 8:00 AM ET.