Katapult Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023
November 08, 2023 at 07:17 am EST
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Katapult Holdings, Inc. provided earnings guidance for the fourth quarter and full year 2023. For the quarter, company expects a 13% to 15% year-over-year increase in revenue. As a reminder, there is a lag between new gross originations and revenue.
For the full year 2023, company expects a 3% to 4.5% year-over-year increase in revenue.
Katapult Holdings, Inc. is an e-commerce focused financial technology company. It offers e-commerce point-of-sale (POS) lease-purchase options for non-prime United States consumers. Its fully digital technology platform provides non-prime consumers with a flexible lease-purchase option to enable them to obtain durable goods from Companyâs network of e-commerce retailers. It primarily operates within the virtual lease-to-own (LTO) market. Its LTO platform offers customers an alternative to traditional financing of automotive goods, computers, electronics, home furnishings and other durable goods. It has launched Katapult Cartridge for business-to-consumer commerce, an omnichannel solution, which is integrated directly with Salesforce and available on AppExchange for consumers who donât have access to traditional financing or credit. Its platform can be integrated regardless of integration method: platform plug-in, developer documentation, and direct application programming interface.