Katapult Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:21 am EST
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Katapult Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 54.48 million compared to USD 49.26 million a year ago. Revenue was USD 55.25 million compared to USD 50.34 million a year ago. Net loss was USD 2.91 million compared to USD 9.21 million a year ago. Basic loss per share from continuing operations was USD 0.71 compared to USD 2.34 a year ago.
For the nine months, sales was USD 163.08 million compared to USD 160.08 million a year ago. Revenue was USD 165.5 million compared to USD 163.26 million a year ago. Net loss was USD 18.44 million compared to USD 25.59 million a year ago. Basic loss per share from continuing operations was USD 4.54 compared to USD 6.52 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. 
