Katapult Q4 2022 revenue down 33.4% YoY to $48.8M; net loss $14.4M

Katapult Holdings, Inc.

Gross originations $59.8M (+1.5% YoY), first positive inflection since Q3 2021.
Net loss $14.4M; adjusted EBITDA loss $5.0M vs. $1.3M loss prior year.
Credit facility amended: maturity extended to June 2025, $25M term loan paydown, warrants issued.
Expects 2023 total operating expense reduction >10%; fixed cash OpEx down >20%.
No financial guidance provided; 2023 gross originations growth expected YoY.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Katapult Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $48.8 million, net income $14.4 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $48.8 million
Net income: $14.4 million
Result: reported results

Exact text from the filing

1.5% year-over-year, the first positive inflection since the third quarter of 2021. December 2022 gross originations increased by mid-teen’s year- over-year • Total revenue of $48.8 million decreased by $24.5 million, or 33.4% compared to the prior year period. Of the total $24.5 million decrease, $9.0 million was a result of our adoption of ASC 842 as of January 1,

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Katapult Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-007137

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