Katapult Holdings (KPLT) Tops Q1 EPS by 1c; Offers Q2 outlook

Katapult Holdings (NASDAQ: KPLT) reported Q1 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $55.68 million versus the consensus estimate of $50.94 million.

Q2 Outlook: A 15%-17% year-over-year increase in gross originations, building on the 17.3% year-over-year increase in Q1 2023; The lag between gross originations and revenue is expected to result in roughly flat year-over-year revenue performance for the second quarter, generating revenue growth in future quarters; Solid improvement in year-over-year Adjusted EBITDA reflecting improved revenue and low-double-digit fixed cash operating expense reduction.

For earnings history and earnings-related data on Katapult Holdings (KPLT) click here.

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