secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001628280-24-023374
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024023374/0001628280-24-023374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024023374/kplt-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023374

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