Katapult Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 07:24 am EDT
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Katapult Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 53.87 million compared to USD 51.91 million a year ago. Revenue was USD 54.57 million compared to USD 53.04 million a year ago. Net loss was USD 6.41 million compared to USD 10.34 million a year ago. Basic loss per share from continuing operations was USD 1.57 compared to USD 2.64 a year ago.
For the six months, sales was USD 108.6 million compared to USD 110.82 million a year ago. Revenue was USD 110.25 million compared to USD 112.92 million a year ago. Net loss was USD 15.52 million compared to USD 16.38 million a year ago. Basic loss per share from continuing operations was USD 3.86 compared to USD 4.18 a year ago.
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. 
