Katapult Q1 revenue up 18% to $65.1M, net loss narrows sharply; reaffirms 10%+ FY growth

Katapult Holdings, Inc.

2024-Q1 EPS reported -$0.13 revenue$65,061,000

Q1 revenue $65.1M (+18.1% YoY); gross originations $55.6M (+1.6% YoY).
Net loss improved to $0.6M from $10.5M YoY; adjusted EBITDA positive $5.6M vs -$1.0M.
Katapult Pay originations grew >150% YoY; repeat purchase rate 56%, write-off rate improved to 8.4%.
Reiterated FY 2024: at least 10% growth in gross originations and revenue; Q2 guided +3-5% originations, +8-10% revenue.
Non-Wayfair originations up 9% YoY; launched Lowe's in Katapult marketplace (May 7).

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 0.92

Katapult Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $65.1 million, net income Net loss was $0.6 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $65.1 million
Net income: Net loss was $0.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Quarter 2024 Financial Highlights (All comparisons are year-over-year unless stated otherwise.) • Gross originations were $55.6 million, an increase of 1.6% • Total revenue was $65.1 million, an increase of 18.1% • Total operating expenses in the first quarter decreased 18.5%. Fixed cash operating expenses 2 decreased approximately 20.6% • Net loss was $0.6 million

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Source: SEC EDGAR

accession 0001628280-24-023374

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