Katapult Q3 revenue drops 30% to $50.3M; net loss $8.2M, partners with Sears

Katapult Holdings, Inc.

2022-Q3 EPS reported -$0.24 revenue$163,258,000

Revenue $50.3M, down from $71.7M YoY; $5.4M decline due to ASC 842 adoption.
Gross originations $44.1M, down 28% YoY; net loss $8.2M vs $4.5M loss prior year.
Adjusted EBITDA -$2.3M vs +$0.1M; adjusted net loss $6.7M vs $4.5M loss.
Exclusive partnership with Sears (Transform SR) covering 140+ stores and online.
Launched Katapult Pay and mobile app; $2M originations, 2,000 leases since Sept.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Katapult Holdings, Inc. reported the third quarter ended September 30, 2022 results: revenue $50.3 million, net income $8.2 million.

Period: the third quarter ended September 30, 2022
Revenue: $50.3 million
Net income: $8.2 million
Result: reported results

Exact text from the filing

today reported its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial and Operational Highlights: • Recorded total revenue of $50.3 million in third quarter 2022 compared to $71.7 million in the prior year, a decrease of $21.4 million. $5.4 million of this decline was attributable to the Company’s adoption of ASC 842

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Katapult Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-029063

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