Welcome to our dedicated page for Katapult Holdings news (Ticker: KPLT), a resource for investors and traders seeking the latest updates and insights on Katapult Holdings stock.
Katapult Holdings Inc. (KPLT) operates a leading lease-to-own platform that provides transparent financing solutions for nonprime consumers and retail partners. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders tracking its position in the FinTech sector.
Investors and analysts will find timely updates on quarterly results, partnership expansions with omnichannel retailers, and technology enhancements to its e-commerce integrations. All content is curated to provide actionable insights into Katapult's market strategy and operational milestones.
The repository includes press releases covering new merchant alliances, platform innovations, and corporate governance updates. Regular visitors can monitor how Katapult's credit-alternative model evolves within the competitive financial technology landscape.
Bookmark this page for streamlined access to verified KPLT developments. Combine these updates with SEC filings and earnings call transcripts for comprehensive analysis of the company's performance in serving underserved consumer markets.
Katapult will announce its third quarter financial results for the period ending September 30, 2021, on November 9, 2021, prior to market opening. A conference call will take place at 8:00 AM ET on the same day to discuss the results. Investors can access a live audio webcast via Katapult's Investor Relations website. The call will also be available for replay until November 23, 2021. The conference ID for dial-in is 9768849.
Katapult has launched its eCommerce point-of-sale lease-purchase solution through an integration with Salesforce Commerce Cloud. This innovation allows retailers to offer a seamless checkout experience, catering to customers with no or developing credit. Retail partners can expect incremental growth and an expanded customer base as the integration streamlines their processes. Katapult's technology aims to enhance transactions and improve customer loyalty, providing consumers access to durable goods when needed.
Katapult, a financial technology company, announced efforts to assist communities affected by Hurricane Ida. The firm will donate $50,000 to the American Red Cross, aiding relief in Louisiana and Mississippi. They are also offering hardship support to customers in impacted areas by providing temporary payment reductions on lease payments. Katapult aims to support its customers and retail partners during this crisis, emphasizing its commitment to their safety and well-being amid the ongoing recovery efforts.
Katapult, a leader in eCommerce point-of-sale lease-purchase solutions, announced a new direct apply feature that simplifies the shopping experience for nonprime consumers. Customers can now apply directly on Katapult.com for a pre-approved lease amount, enhancing confidence when shopping at various retailers like furniture and gaming stores. This feature aligns with Katapult's mission to remove financial barriers and provide alternative solutions without credit requirements. By partnering with Katapult, retailers can access an underserved customer base.
Katapult Holding, an e-commerce focused financial technology company, will present at the 2021 Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 8:30 a.m. Eastern Time. Presenters include CEO Orlando Zayas, CFO Karissa Cupito, and COO Derek Medlin. The event will be webcast live, accessible through the Katapult Investor Relations website. Katapult offers point of sale lease purchase options aimed at nonprime consumers, utilizing a sophisticated technology platform for seamless integration and customer experience.
Katapult Holdings reported Q2 2021 financial results with a 27.6% increase in total revenue, reaching $77.5 million. Year-to-date revenue surged 52.6% to $158.1 million. However, the company faced a net loss of $8.1 million, contrasting with net income in the same period last year. Adjusted EBITDA decreased 64.8% to $3.9 million, indicating increased investments in growth initiatives. Katapult has removed its guidance for 2021 due to uncertainties in consumer behavior and macroeconomic trends.
Katapult announced it will release its financial results for the second quarter ended June 30, 2021, on August 10, 2021, before market opening. A conference call and webcast will be held at 8:00 AM ET the same day to discuss the results. Investors can access the live audio webcast on the Katapult Investor Relations website. A replay of the call will be available after the event until August 24, 2021. The contact details for investor inquiries are provided, including the VP of Investor Relations, Bill Wright.
Katapult Holdings, a financial technology company, will ring the Nasdaq Opening Bell on July 8, 2021, celebrating its recent public listing under ticker KPLT. This event marks a significant milestone for the company, which began trading on June 10, 2021. CEO Orlando Zayas expressed excitement about celebrating this accomplishment alongside the Katapult team. Katapult specializes in omnichannel lease-purchase solutions, empowering retailers and consumers with integrated technology to enhance customer engagement and transaction volume.
Katapult Holdings reported a strong first quarter for 2021, with total revenue reaching $80.6 million, an 88% increase year-over-year. Gross originations climbed 71% to $63.7 million. Net income hit $8.1 million, marking a 120% increase. Adjusted net income rose to $9.3 million, up 146%. The company onboarded 26 new retailers, including Motorola and Cybertron, and anticipates FY 2021 gross originations between $375 million and $425 million. Katapult's Adjusted EBITDA for Q1 was $14.7 million, a 122% growth.
