Katapult Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023
November 08, 2023 at 07:17 am EST
Share
Katapult Holdings, Inc. provided earnings guidance for the fourth quarter and full year 2023. For the quarter, company expects a 13% to 15% year-over-year increase in revenue. As a reminder, there is a lag between new gross originations and revenue.
For the full year 2023, company expects a 3% to 4.5% year-over-year increase in revenue.
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. 
