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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.
Katapult, a lease-to-own platform, announced the appointment of Joyce Phillips and Jane J. Thompson to its Board of Directors, effective immediately. Both directors will stand for election at the 2022 Annual Meeting of Stockholders. Ms. Phillips brings over 25 years of experience in retail banking and financial services, while Ms. Thompson has a strong background in retail and customer-focused organizations. Their appointments aim to enhance Katapult's strategic expertise and support its growth in offering financial solutions for non-prime customers.
Katapult Holdings, a leading e-commerce financial technology firm, plans to release its fourth quarter financial results for the period ending December 31, 2021, on March 15, 2022, before the market opens. The company will hold a conference call and webcast at 8:00 AM ET on the same day to discuss these results. Investors can access the live audio webcast on the Katapult Investor Relations website. A replay of the call will be available until March 29, 2022.
Katapult Holdings, Inc. (NASDAQ: KPLT) announced its Gross Originations totaled $40.4 million from October 1 to November 30, 2021, a 3.2% decrease compared to $41.7 million during the same period in 2020, but an increase from $26.1 million in 2019. CEO Orlando Zayas cited ongoing economic trends impacting performance. Katapult plans to release detailed metrics at their fourth-quarter report in 2022. The company also participated in a fireside chat at the Stephens Annual Investment Conference on December 1, 2021.
Katapult Holdings, a financial technology company focused on e-commerce, will participate in the Stephens Annual Investment Conference. CEO Orlando Zayas and CFO Karissa Cupito will host a fireside chat and discuss the company’s fourth quarter performance on December 1, 2021, at 5:00 PM ET. The live audio webcast will be accessible on the Katapult Investor Relations site, with an archived version available afterward. Katapult (NASDAQ: KPLT) offers lease purchase options for nonprime consumers, enhancing access to durable goods through its advanced technology platform.
Katapult Holdings, Inc. (NASDAQ: KPLT) reported its third-quarter 2021 financial results, revealing a total revenue of $71.7 million, marking a 1% increase from Q3 2020 and a 32% increase year-to-date to $229.8 million. The company's net income stood at $13.7 million, bolstered by a $21.3 million revaluation gain. Despite challenges from supply chain disruptions, gross originations were $61.0 million, up 1%. Katapult maintains a healthy cash position of $99.7 million and achieved a 60 Net Promoter Score, reflecting strong customer satisfaction.
Katapult, a financial technology company focused on eCommerce, has upgraded its partnership with Adobe to become an Accelerate partner in the Adobe Exchange Program. This partnership enhances collaboration between Katapult and Adobe, allowing merchants using Adobe Commerce to receive prioritized support and access to real-time data. The integration of Katapult's lease-purchase solution with Adobe Commerce aims to improve the checkout experience for consumers while enabling merchants to grow their business more effectively. Katapult continues to prioritize consumer needs through transparent payment options.
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 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.
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