earnings
confidence high
sentiment positive
materiality 0.75
Katapult Q2 gross originations +18% to $54.7M, net loss narrows to $6.4M; Q3 growth guided
Katapult Holdings, Inc.
2023-Q2 EPS reported
-$3.86
revenue$110,247,000
- Gross originations $54.7M (+18% YoY); total revenue $54.6M (+2.9% YoY).
- Net loss narrowed to $6.4M from $10.3M; Adjusted EBITDA loss improved to $0.3M from $5.3M.
- Q3 guidance: gross orig +14-16% YoY, revenue +5-7% YoY, fixed cash op exp down ~25% YoY.
- Repeat customers accounted for 51% of gross originations; Net Promoter Score of 64.