secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001628280-24-037033
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024037033/0001628280-24-037033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024037033/kplt-20240814.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037033

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