Katapult sees 8%-10% year-over-year increase in revenue in Q2

Sees Q2 3%-5% year-over-year increase in gross originations, which reflects the ongoing headwinds in the home furnishings retail category. Sees Q2 continued improvement in Adjusted EBITDA performance compared with the last year, despite an expectation for fixed cash operating expenses to increase slightly year-over-year as we invest in new growth initiatives. The Company said, “The company is continuing to navigate an evolving macro environment and it is unclear if interest rates will move lower this year given recent inflation trends. At the same time, our results lead us to believe that our customer is generally resilient. As a result, it’s difficult to assess what, if any impact these dynamics will ultimately have on our core consumer, and what, if any impact these dynamics will have on prime lending standards and the US consumer’s access to credit. We continue to believe that we have a large addressable market of underserved, non-prime consumers, and it’s important to note that lease-to-own solutions have historically benefited when prime credit options become less available.”