Katapult Investor Relations for Qualified Consumers and Investors

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Two colleagues reviewing a financial report in a modern office setting.
Credit: pexels.com, Two colleagues reviewing a financial report in a modern office setting.

Katapult Investor Relations is designed for qualified consumers and investors. This platform offers a secure and efficient way to access investment opportunities.

Katapult's investor relations platform is built on a robust infrastructure, ensuring the highest level of security and compliance with regulatory requirements. This is crucial for protecting sensitive information and preventing data breaches.

For qualified consumers, Katapult's investor relations platform provides access to exclusive investment opportunities. These opportunities are carefully curated to meet the specific needs and risk tolerance of each investor.

Katapult's investor relations platform is designed to be user-friendly, making it easy for both consumers and investors to navigate and find relevant information.

Financial Performance

Katapult Holdings, Inc. reported revenue of $221.59 million in 2023, a 5.77% increase from the previous year. This growth is a testament to the company's success in the e-commerce focused financial technology industry.

Katapult's losses decreased by 9.40% in 2023, reaching -$36.67 million. This reduction in losses demonstrates the company's ability to manage its finances effectively.

Credit: youtube.com, Catapult FY23 Financial Results - CEO and CFO presentation

The company has experienced consistent growth in gross originations, with eight consecutive quarters of year-over-year growth. This streak is a significant achievement for Katapult, indicating a strong and stable financial performance.

In the fourth quarter of 2024, Katapult's gross originations grew double-digits year-over-year, with a full year 2024 outlook expecting at least 10% gross originations and revenue growth. This growth is expected to continue into the holiday season.

Katapult's revenue grew by 9% year-over-year in the second quarter of 2024, with the company reiterating its full year 2024 outlook for at least 10% gross originations and revenue growth. This growth is a result of the company's successful e-commerce focused financial technology offerings.

The company's non-Wayfair gross originations grew by approximately 30% in the fourth quarter of 2024, with revenue growing by approximately 16% year-over-year in the same quarter. This growth is a significant achievement for Katapult, demonstrating the company's ability to expand its offerings and reach new customers.

About Katapult

Credit: youtube.com, Katapult Climate Investor Day 2022: BioEsol

Katapult is a financial technology company that specializes in e-commerce-focused solutions. It's a NASDAQ-listed company under the ticker symbol KPLT.

Katapult offers a scalable omnichannel lease-to-own (LTO) solution that allows its merchant partners to tap into a new consumer base. This solution provides significant benefits to consumers, including no late fees, no long-term obligations, and financial flexibility.

Katapult's LTO solution is a fantastic option for merchants looking to expand their businesses. Some key benefits of partnering with Katapult include access to new shoppers, higher conversion rates, and lower cart abandonment.

Grown Brilliance: High-Quality Diamond Jewelry for Qualified Consumers

Grown Brilliance is a pioneer in ethically engineered lab-grown diamonds, and they've teamed up with Katapult to provide access to consumers who may have faced financial limitations in the past.

Their luxury, lab-grown diamonds are central to celebrated moments in customers' lives, including engagements, weddings, anniversaries, birthdays, and more. A special piece of jewelry has the power to transform how you look and feel, and Grown Brilliance is excited to partner with Katapult to bring that power to more customers.

Credit: youtube.com, Design Your Perfect Lab Created Diamond Engagement Ring: Grown Brilliance

Katapult's lease-to-own (LTO) solution provides customers with financial flexibility, making LTO more attractive and accessible than traditional financing. Customers understand the full cost of the product ownership up-front, and there are no late fees, ever.

Katapult's LTO solution offers benefits to consumers, including:

  • Customers understand the full cost of the product ownership up-front.
  • No long-term obligations for the customer – they can either make recurring payments toward owning the item outright or return it at any time.
  • Financial flexibility that can make LTO more attractive and accessible than traditional financing.

Grown Brilliance has integrated Katapult's LTO solution into their payment checkout flow, expanding the variety of durable goods that can be obtained using Katapult's lease offering.

About

Katapult is an accelerator program that takes an active role in helping impact startups succeed with investors. They have a partnership with OwnersRoom, a platform that helps startups optimize their success with investors.

Katapult's accelerator program is completed with a demo day where startups present themselves and their plans moving forward to a network of investors. This is an investor meeting at scale.

The investors who show interest in the startups receive a personalized invitation to join the company's OwnersRoom, where they can access all the necessary information. This includes the ownership structure, latest pitch deck, financials, and investor updates.

Credit: youtube.com, This is Katapult

Katapult has created training videos and templates for startups to succeed with investors and expand access to capital. They also offer a set of templates for general meeting documents, application forms, and employee options files.

Katapult takes a serious approach to investor relations, recognizing it as an integral part of founders succeeding with their ventures.

Ratings and Performance

Katapult Holdings has had its shares halted on a circuit breaker due to a significant drop in value, with the stock now down 7.59%.

The company entered a 17th credit agreement amendment, increasing its credit facility from $75 million to $100 million.

Katapult Holdings has been initiated with an equal-weight rating by Stephens & Co.

The price target for Katapult Holdings was announced at $9.00 per share by Stephens & Co.

Here are the ratings from various analysts:

Katapult Holdings reports strong Q3 revenue growth, with a quarterly revenue of $60.307 million beating the estimated $58 million.

The company's Q3 2024 adjusted EPS was $(0.94), with a sales figure of $60.307 million.

Tommy Weber

Lead Assigning Editor

Tommy Weber is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With extensive experience in assigning articles across various categories, Tommy has honed his skills in identifying and selecting compelling topics that resonate with readers. Tommy's expertise lies in assigning articles related to personal finance, specifically in the areas of bank card credit and bank credit cards.

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