Welcome to our dedicated page for Katapult Holdings news (Ticker: kpltw), a resource for investors and traders seeking the latest updates and insights on Katapult Holdings stock.
Katapult Holdings Inc (NASDAQ: KPLTW) provides innovative lease-to-own solutions through its technology platform, serving non-prime consumers and retail partners nationwide. This news hub offers investors and stakeholders timely updates about the company's financial developments, strategic initiatives, and market positioning.
Access official press releases and curated analysis covering earnings announcements, merchant partnership expansions, product innovations like Katapult Pay, and operational milestones. Our repository simplifies tracking regulatory filings, leadership updates, and consumer financing trends in the evolving FinTech sector.
Discover updates about Katapult's unique value proposition including transparent pricing models, omni-channel retail integrations, and consumer-first policies. The collection serves as an essential resource for understanding the company's role in bridging accessibility gaps for underserved markets through alternative credit solutions.
Bookmark this page for direct access to verified information about KPLTW, featuring critical updates that impact investment decisions and industry analysis. Check regularly for new developments in lease-to-own financing and Katapult's expanding network of 1,000+ merchant partners across durable goods categories.
Katapult reported a third quarter 2022 revenue of $50.3 million, down $21.4 million from last year, attributed largely to the adoption of ASC 842. Despite challenges, the company announced an exclusive partnership with Sears and launched the Katapult Mobile App and Katapult Pay™, generating over $2 million in gross originations. The net loss was $8.2 million, with adjusted EBITDA of $(2.3) million. Customer satisfaction remains high with a Net Promoter Score of 58.
Katapult Holdings will participate in the Stephens Annual Investment Conference on November 15, 2022, at 1:00 PM ET.
CEO Orlando Zayas and CFO Karissa Cupito will engage in a fireside chat, with a live audio webcast available on Katapult's Investor Relations website.
The company focuses on revolutionizing lease-to-own solutions using advanced AI and ML technology, providing access to ownership for those underserved by traditional credit.
For more information, visit www.katapult.com.
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.
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.
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