secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001628280-23-017395
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828023017395/0001628280-23-017395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828023017395/kplt-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017395

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