Katapult Q4 gross originations up 13% YoY to $67.5M; revenue up 16%; guides FY2024 at least 10% growth

Katapult Holdings, Inc.

Q4 gross originations $67.5M (+13% YoY); revenue $56.7M (+16.1% YoY).
Net loss $18.6M includes $7M net litigation charge and $4.2M out-of-period adjustments; adjusted EBITDA loss improved to breakeven.
FY2023 gross originations $226.6M (+15.1%), revenue $222.2M (+4.8%), adjusted EBITDA loss $1.9M vs $16.7M loss in 2022.
FY2024 guidance: gross originations and revenue growth at least 10%; Q1 revenue up 12-14%, gross originations flat YoY.
Non-Wayfair gross originations grew ~28% in FY2023; now 48% of total (43% in 2022).

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 and year ended December 31, 2023 results: revenue $56.7 million, net income Net loss was $18.6 million. Guidance reaffirmed.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $56.7 million
Net income: Net loss was $18.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

quarter Adjusted EBITDA includes an add back of these $4.2 million out of period adjustments. • Gross originations were $67.5 million, an increase of 13.0% • Total revenue was $56.7 million, an increase of 16.1% • Our fourth quarter total operating expenses were impacted by a $7 million, net expense we recorded in connection with our negotiations to settle the two

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Katapult Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-011067

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.