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Katapult Holdings (KPLT)
NASDAQ:KPLT
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$1.12Last Year’s EPS
-$1.47Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -32.88%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook overall, with strong growth in several areas such as gross originations, revenue, and particularly the Katapult Pay segment. However, challenges remain, particularly with the decline in the home furnishings category and the impact of litigation settlements on expenses. Despite these lowlights, the company appears to be on a strong growth trajectory with positive adjusted EBITDA and strategic initiatives to drive future growth.Company Guidance
During the third quarter of 2024, Katapult Holdings demonstrated significant year-over-year improvements in several key metrics. The company achieved its eighth consecutive quarter of gross originations growth, with a 3.3% increase to $51.2 million, despite challenges in the home furnishings sector, particularly with Wayfair. Excluding Wayfair, gross originations surged 37% year-over-year. Revenue for the quarter rose by 10% to $60.3 million, marking the sixth consecutive quarter of revenue growth. Adjusted EBITDA was positive at $600,000, contributing to a year-to-date adjusted EBITDA of $5.8 million, a $7.4 million improvement from the previous year. Katapult Pay, the company's innovative payment solution, delivered $46 million in gross originations year-to-date, growing 110% year-over-year. The repeat purchase rate reached 60.3%, and cross-shopping activity increased by approximately 62%, reflecting strong customer engagement and loyalty. Looking forward, Katapult expects to achieve 6-8% growth in gross originations and breakeven adjusted EBITDA in Q4, with revenue growth projected between 5-7%.Eighth Consecutive Quarter of Gross Originations Growth
Katapult achieved its eighth consecutive quarter of gross originations growth, with a 3.3% increase to $51.2 million in the third quarter.
Strong Performance from Katapult Pay
Katapult Pay (KPay) delivered $46 million in gross originations year-to-date, growing 110% year-over-year. During Q3, KPay grew 86.1% to $16 million in gross originations and represented 31% of the total base.
Revenue Growth
Katapult reported $60.3 million in revenue for Q3, marking a 10% growth year-over-year.
Positive Adjusted EBITDA
The company delivered positive adjusted EBITDA of $600,000 for Q3, with a year-to-date adjusted EBITDA of positive $5.8 million, showing a $7.4 million improvement compared to the same period last year.
Automotive Segment Growth
The automotive category grew more than 25% during Q3 and is becoming a key category for Katapult.
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KPLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KPLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $8.82 | $7.46 | -15.42% |
| Aug 14, 2024 | $16.59 | $13.70 | -17.42% |
| May 15, 2024 | $17.50 | $18.66 | +6.63% |
| Mar 14, 2024 | $18.40 | $13.48 | -26.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Katapult Holdings (KPLT) report earnings?
Katapult Holdings (KPLT) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Katapult Holdings (KPLT) earnings time?
Katapult Holdings (KPLT) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KPLT EPS forecast?
KPLT EPS forecast for the fiscal quarter 2024 (Q4) is -$1.12.
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