Katapult Grows First Quarter Revenue 18% Year-Over-Year
PLANO, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT), an e-commerce-focused financial technology company, today reported its financial results for the first quarter ended March 31, 2024.
- PLANO, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT), an e-commerce-focused financial technology company, today reported its financial results for the first quarter ended March 31, 2024.
- “We were able to deliver gross originations and revenue growth above our expectations, despite a challenging retail environment,” said Orlando Zayas, CEO of Katapult.
- Our non-Wayfair gross originations grew 9% during the first quarter, Katapult Pay(R) gross originations grew by more than 150% and our repeat purchase rate remained strong at 56%.
- "During the first quarter we faced retail headwinds, but as expected, we picked up momentum as the quarter progressed,” said Nancy Walsh, CFO of Katapult.