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KATIPULT TECH CORP ORD - $KTPPF STOCK NEWS

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Katipult Technology Corp. (TSXV: FUND) reported its 2023 Q4 financial results with a 37% increase in subscription revenue, a gross profit percentage of 81.8%, and a decrease in Adjusted EBITDA losses. However, the net loss was ($288,000) due to non-cash fair value changes. The 's financial position showed a decline in cash and working capital, attributed to renegotiating terms of a convertible debenture.

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Katipult Technology Corp. appoints Beth Shaw of QB Advisory Group Inc. as a Strategic Advisor, leveraging her extensive experience in the capital markets industry. Shaw's background includes leadership roles at Echelon Wealth Partners and Desjardins Securities, as well as active involvement in industry development through various organizations. Her appointment reflects Katipult's dedication to enhancing capabilities and strategic direction in the financial technology sector.
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Katipult Technology Corp. reports a 55% increase in deals facilitated through its DealFlow platform, with over $647 million in capital raises during 2023. Despite economic headwinds, enterprise customers raised 71% more capital than in 2022, completing deals valued at $545 million. The platform also saw a 55% increase in the total number of deals launched and a 10% increase in average deal value. Additionally, enterprise transactions experienced 6.8% growth, reaching 19,018 transactions in 2023, with an increase in the average transaction value to $78,000 per transaction. Katipult's CEO, Gord Breese, attributes these improvements to the modern workflows introduced by the DealFlow product, resulting in faster deal closings, lower investor friction, and more successful capital raising efforts.
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Katipult Technology Corp. (TSXV: FUND) announces its financial results for the third quarter of 2023. Revenue increased by 44.5% to $721,000, with enterprise customer revenue growing by 90.0%. Gross profit percentage was 84.0%, and adjusted EBITDA losses decreased to ($164,000). Net loss and comprehensive loss was ($195,000). The Corporation had a cash and cash equivalents balance of $1.2 million and total assets of $1.2 million as of September 30, 2023.
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Katipult Technology Corp. (TSXV: FUND) announces the launch of DealFlow Marketing, a fully automated investor marketing solution designed to distribute investor marketing materials, monitor investor interest, and secure investor commitments within a compliant and auditable workflow. The new module empowers financial advisors and sales teams to expand and improve investor communications when marketing investment opportunities while ensuring controlled and compliant processes. CEO Gord Breese highlights the collaboration with Raymond James and other customers to maximize impact, emphasizing the value of managing the entire investment process in a single platform. DealFlow Marketing is an innovative addition to Katipult's DealFlow platform, extending its capabilities to manage all marketing-related workflows before collecting orders and distributing subscription documents.
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Katipult facilitated over $165M in capital raises during Q3 2023 through its DealFlow platform. Customers are leveraging DealFlow to navigate complex investment regulations and take advantage of exemptions. Investors made over 5,000 transactions across the platform during the quarter. Investment firms are launching brokered and non-brokered private placements, international REITs, preferred stock deals, and public offerings using Katipult DealFlow.
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Katipult secures $160,000 in funding from NRC IRAP to support research and development for DealFlow Mesh.
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Katipult Technology Corp. announces the release of Dealflow Central, a groundbreaking product that streamlines workflows and enhances the institutional investor experience.
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Katipult Technology Corp. has entered into a three-year, multi-million dollar software agreement with a new North American customer. This represents the largest contract value in Katipult's history and solidifies its position as a market-leading SaaS provider for the capital markets.
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KATIPULT TECH CORP ORD

OTC:KTPPF

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2.09M
31.87M
55.44%
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