STOCK TITAN

Katapult Holdings, Inc. Warrant - KPLTW STOCK NEWS

Welcome to our dedicated page for Katapult Holdings Warrant news (Ticker: kpltw), a resource for investors and traders seeking the latest updates and insights on Katapult Holdings Warrant stock.

Katapult Holdings Inc is a technology driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to power the purchase of everyday durable goods for underserved U.S. non-prime consumers. It is an E-Commerce focused FinTech company offering an innovative lease-purchase solution to consumers and enabling essential transactions at the merchant point of sale. Katapult is associated with hundreds of retailers across the United States.

In the latest news, Katapult Holdings, Inc. reported its financial results for the fourth quarter of December 31, 2023. The company experienced double-digit year-over-year increases in gross originations and revenue, driven by new direct integrations with merchant partners like Lenovo and Grown Brilliance. Consumers can now use Katapult's lease-to-own product to shop for various durable goods with transparent pricing, fair terms, and no late fees. The company experienced growth in new customers and had a customer repeat rate of approximately 60%.

Katapult expects continued growth in 2024, focusing on enhancing the customer journey and merchant selection. The company's financial performance in 2023 demonstrated its ability to grow the top-line without significantly adding to the expense structure, positioning it for sustainable and profitable growth in the future.

Katapult Holdings, Inc. emphasizes humanizing the way underserved consumers get the things they need with payment solutions based on fairness and dignity.

Rhea-AI Summary

Katapult Holdings reported its Q4 2022 financial results, highlighting a 1.5% year-over-year growth in gross originations, totaling $59.8 million. However, total revenue decreased by 33.4% to $48.8 million, primarily due to the adoption of ASC 842. The company recorded a net loss of $14.4 million, with a significant adjusted EBITDA loss of $5.0 million. Despite a challenging macro environment, Katapult added 21 new direct merchants in Q4 and aims to reduce operating expenses by over 10% in 2023. It expects continued growth in gross originations and improved credit quality. A conference call was scheduled for March 9, 2023, to discuss these results further.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Katapult Holdings (NASDAQ: KPLT) will announce its Q4 2022 financial results on March 9, 2023, prior to market opening. A conference call is scheduled for the same day at 8:00 AM ET to discuss these results. Interested parties can access presentation materials on the Investor Relations page and listen to the call live via webcast. Katapult focuses on providing lease-to-own solutions for underserved U.S. consumers, integrating with retailers and e-commerce platforms for seamless financing options. For more information, visit the company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Katapult Holdings (NASDAQ: KPLT) has partnered with iBUYPOWER, a leading custom gaming PC manufacturer, to enhance access to gaming equipment for consumers with limited credit options. This collaboration aims to offer flexible payment solutions for gaming PCs and accessories amid rising costs affecting consumers this holiday season. A study reveals that 78% of consumers with nonprime credit scores are open to using such options for holiday purchases. The deal underscores Katapult's commitment to integrating lease-purchase solutions across various retail sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Katapult Holdings has appointed Nancy Walsh as the new Chief Financial Officer, effective December 12, 2022. She succeeds Karissa Cupito, who transitions to a senior advisory role after five years. Walsh, previously CFO at LL Flooring Holdings, brings extensive experience in finance and leadership within publicly traded retail companies. CEO Orlando Zayas highlighted the timing as crucial for the lease-to-own sector, noting Walsh's expertise aligns with the company's growth trajectory. Cupito expressed pride in her tenure and confidence in Walsh's ability to advance Katapult's objectives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Summary

Katapult reported a third quarter 2022 revenue of $50.3 million, down $21.4 million from last year, attributed largely to the adoption of ASC 842. Despite challenges, the company announced an exclusive partnership with Sears and launched the Katapult Mobile App and Katapult Pay™, generating over $2 million in gross originations. The net loss was $8.2 million, with adjusted EBITDA of $(2.3) million. Customer satisfaction remains high with a Net Promoter Score of 58.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Katapult Holdings will participate in the Stephens Annual Investment Conference on November 15, 2022, at 1:00 PM ET.

CEO Orlando Zayas and CFO Karissa Cupito will engage in a fireside chat, with a live audio webcast available on Katapult's Investor Relations website.

The company focuses on revolutionizing lease-to-own solutions using advanced AI and ML technology, providing access to ownership for those underserved by traditional credit.

For more information, visit www.katapult.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
Rhea-AI Summary

Katapult Holdings, Inc. (NASDAQ: KPLT) will announce its third quarter financial results for the period ending September 30, 2022, on November 9, 2022, before the market opens. The company operates a lease-to-own platform that assists non-prime customers with online shopping. A conference call is scheduled for 8:00 AM ET on the same day to discuss the results, which will be available via live audio webcast. Investors can access the call through the Katapult Investor Relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Katapult partners with furniture supplier 1StopBedrooms to provide lease-to-own options, improving access for nonprime consumers seeking quality home furnishings. The partnership allows customers to enjoy flexible purchasing despite limited credit options, enhancing their shopping experience with transparent lease-purchase plans.

Katapult's technology streamlines online integration for merchants, driving higher transaction volumes and customer loyalty. This collaboration reflects Katapult's commitment to expanding consumer access in the furniture market while promoting financial inclusivity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
partnership
Rhea-AI Summary

PLANO, Texas, Sept. 08, 2022 - Katapult adds SimpleTire to its merchant network, enhancing financing options for customers with non-prime credit. The partnership aims to provide these consumers a transparent lease-purchase solution for tire purchases, addressing immediate needs. CEO Orlando Zayas emphasized that this collaboration allows consumers to manage expenses while facing economic challenges like inflation. Katapult supports various retailers, ensuring a seamless checkout experience. SimpleTire is recognized for its extensive tire inventory and was named a top workplace in the tire industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of Katapult Holdings Warrant (kpltw)?

The current stock price of Katapult Holdings Warrant (kpltw) is $0.0046 as of December 24, 2024.

What does Katapult Holdings Inc do?

Katapult Holdings Inc is a technology driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to enable the purchase of everyday durable goods for underserved U.S. non-prime consumers.

What are Katapult's key offerings?

Katapult offers an innovative lease-purchase solution to consumers, provides transparent pricing, fair terms, and no late fees, and is associated with hundreds of retailers across the United States.

What were the financial highlights for Katapult in the fourth quarter of 2023?

In the fourth quarter of 2023, Katapult reported double-digit, year-over-year increases in gross originations and revenue. The company experienced growth in new customers and had a customer repeat rate of approximately 60%.

What are Katapult's goals for 2024?

Katapult aims to enhance the customer journey, expand merchant selection, and continue delivering sustainable and profitable growth. The company focuses on humanizing payment solutions for underserved consumers.

How does Katapult differentiate itself from competitors?

Katapult differentiates itself by providing transparent pricing, fair terms, no late fees, and a customer-centric approach. The company believes in offering payment solutions based on fairness and dignity for underserved consumers.

Katapult Holdings, Inc. Warrant

Nasdaq:KPLTW

KPLTW Rankings

KPLTW Stock Data

4.22M
Software - Infrastructure
Services-equipment Rental & Leasing, Nec
Link
United States of America
NEW YORK