Katapult Holdings, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024
March 14, 2024 at 06:00 am EDT
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Katapult Holdings, Inc. provided earnings guidance for the First Quarter and Full Year 2024. For the first quarter, the company expects a 12% to 14% year-over-year increase in revenue.
For the full year, revenue growth is expected to be at least 10%.
Katapult Holdings, Inc. is a technology driven lease-to-own platform company. It integrates with omni-channel retailers and e-commerce platforms to power the purchase of everyday durable goods for underserved United States. Its lease-purchase platform offers consumers an alternative to traditional financing of home furnishings, automotive goods, electronics, computers, and other durable goods. The Companyâs Katapult Pay is a one-time use virtual card technology that makes lease purchasing simple and intuitive for its customers. Using the Katapult Pay feature on its mobile app customers can complete a lease transaction and check out with a one-time use virtual card to facilitate the payment. It provides merchants with insightful analytics that help them understand performance and activity associated with non-prime applications. The platform also offers other key insights into customers shopping habits to help merchants optimize customer conversion and customer acquisition costs.
KATAPULT HOLDINGS, INC. 
