Katapult Q3 revenue $60.3M (+10% YoY); net loss widens to $8.9M; guides FY Adj. EBITDA ~$5.5M

Katapult Holdings, Inc.

2024-Q3 EPS reported -$3.81 revenue$184,231,000

Gross originations $51.2M (+3.3% YoY); KPay originations up 86%, now 31% of total.
Net loss $8.9M vs. $4.1M loss a year ago; Adjusted EBITDA $0.6M vs. $0.9M.
FY 2024 outlook: gross originations +2-4%, revenue +10%+, Adj. EBITDA ~$5.5M.
Signed non-binding LOI for new credit facility to refinance existing $67.3M debt.
Q4 guidance: gross originations +6-8%, revenue +5-7%, breakeven Adj. EBITDA.

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