Katapult Holdings Inc Stock Price, News & Analysis

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 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.

Katapult Holdings reported Q2 2021 financial results with a 27.6% increase in total revenue, reaching $77.5 million. Year-to-date revenue surged 52.6% to $158.1 million. However, the company faced a net loss of $8.1 million, contrasting with net income in the same period last year. Adjusted EBITDA decreased 64.8% to $3.9 million, indicating increased investments in growth initiatives. Katapult has removed its guidance for 2021 due to uncertainties in consumer behavior and macroeconomic trends.

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 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.