secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001628280-24-011067
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024011067/0001628280-24-011067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024011067/kplt-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-011067

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