secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001628280-24-045449
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024045449/0001628280-24-045449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024045449/kplt-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045449

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