Katapult Q2 revenue up 8.7% to $58.9M; net loss narrows; reiterates FY24 at least 10% growth

Katapult Holdings, Inc.

2024-Q2 EPS reported -$1.75 revenue$123,924,000

Gross originations $55.3M (+1.1% YoY); Katapult Pay originations more than doubled.
Adjusted EBITDA loss improved to $0.4M from $1.5M loss; Q3 guide calls for breakeven or better.
Non-Wayfair gross originations 52% of base, grew nearly 20%; NPS 62; 59.3% repeat customers.
Ended Q2 cash $38.4M (incl. $4.6M restricted); debt $69.7M on credit facility.
FY24 outlook reiterated: at least 10% gross origination and revenue growth; positive Adj. EBITDA.

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