secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001628280-22-029063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828022029063/0001628280-22-029063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828022029063/kplt-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer