Katapult reports Q2 EPS ($1.57) vs. ($2.64) last year

Reports Q2 revenue $54.6M vs. $53M last year “During the quarter, our team continued to build the foundation for sustainable, profitable growth,” said Orlando Zayas, CEO of Katapult. “Our financial results were strong; year-over-year, we grew gross originations by 18% and revenue by nearly 3%, and we improved our Adjusted EBITDA performance by more than $5 million. We believe we offer merchants a unique growth channel by providing access to an underserved and loyal base of consumers. At the same time, we provide consumers with a lease-to-own product that allows them to gain access to the durable goods they need at fair and transparent pricing terms. With these strong value propositions, we are well positioned to grow both our merchant base and our customer base profitably, and create a flywheel for sustainable, profitable growth. We look forward to continuing to unlock the power of our business model while focusing on our mission to help an underserved community gain access to critical financial resources while driving growth for our merchant partners.”