Katapult Holdings, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2024
May 15, 2024 at 06:00 am EDT
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Katapult Holdings, Inc. provided revenue guidance for the second quarter and full year 2024. For the second quarter, the company expects 8% to 10% year-over-year increase in revenue.
For the full year, the company expects revenue growth is expected to be at least 10%.
Katapult Holdings, Inc. is a technology driven lease-to-own (LTO) platform that integrates with omni-channel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved United States non-prime consumers. The Company primarily operates within the virtual LTO market. Its LTO platform offers customers an alternative to traditional financing of automotive goods, computers, electronics, home furnishings and other durable goods. By using its integrated LTO solution or Katapult Pay (its virtual card technology), customers who may be unable to access traditional financing can use its product to shop directly with more than 200 merchant partners. Customers can also choose to shop directly with different merchants in the Katapult marketplace within its mobile app. The Company's platform can be integrated regardless of integration method: platform plug-in, developer documentation, direct application programming interface and waterfall partnerships.
KATAPULT HOLDINGS, INC. 
