Katapult Holdings reports mixed Q4 results; initiates Q1 and FY24 outlook [Seeking Alpha]
Katapult Holdings, Inc. (KPLT)
Company Research
Source: Seeking Alpha
Adjusted net loss improved to $6.1 million for the fourth quarter of 2023 compared with an adjusted net loss of $13.4 million reported for the fourth quarter of 2022 Adjusted EBITDA loss improved to 0.1 million for the fourth quarter of 2023 compared to an Adjusted EBITDA loss of $5.0 million in the prior year period Gross originations were $67.5 million, an increase of 13.0%. Katapult ended the quarter with total cash and cash equivalents of $28.8 million, which includes $7.4 million of restricted cash and $60.7 million in outstanding debt on its credit facility. Based on these dynamics and the operating plan in place for the full year 2024, Katapult expects to deliver the following results for the first quarter of 2024: Year-over-year gross originations growth that is about flat compared with the first quarter of 2023 A 12 to 14% year-over-year increase in revenue vs. estimated growth of 11.26% Y/Y. Meaningful improvement in Adjusted EBITDA performance compared with t
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KPLT
News
- Katapult Holdings, Inc. Files Annual Report on Form 10-K [Yahoo! Finance]Yahoo! Finance
- Katapult Holdings, Inc. Files Annual Report on Form 10-KGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Katapult Holdings, Inc. - KPLTGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Katapult Holdings, Inc. - KPLTPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Katapult Holdings, Inc. - KPLTAccesswire
KPLT
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- KPLT's page on the SEC website