Katapult Q1 gross originations +17.3% YoY to $54.7M; first positive adjusted EBITDA since Q3 2021

Katapult Holdings, Inc.

2023-Q1 EPS reported -$0.09 revenue$55,676,000

Total revenue $55.7M (-7% YoY); net loss $9.1M, adjusted net loss $7.2M.
Adjusted EBITDA positive $0.6M vs -$4.2M in prior year period.
Repaid $25M of term loan; ended quarter with $44.9M cash.
Q2 guidance: gross originations +15-17% YoY; revenue roughly flat; improved Adj. EBITDA.
Repeat customers accounted for 47% of gross originations; writeoffs 8.4% of revenue.

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 0.9

Katapult Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $55.7 million, net income $9.1 million. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: $55.7 million
Net income: $9.1 million
Guidance: initiated
Result: reported results

Exact text from the filing

million, increased 17.3% from the first quarter of 2022 ◦ Approximately 47% of gross originations for the first quarter of 2023 came from repeat customers 1 • Total revenue of $55.7 million, decreased 7.0% year-over-year, but reflects sequential improvement due to strong collection efforts and underwriting performance • Net loss was $9.1 million for the first

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Source: SEC EDGAR

accession 0001628280-23-017395

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