Katapult Holdings (KPLT) Tops Q1 EPS by 4c

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Go back to Katapult Holdings (KPLT) Tops Q1 EPS by 4c

Katapult Announces First Quarter 2022 Financial Results

May 10, 2022 7:00 AM EDT

PLANO, Texas, May 10, 2022 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (Katapult or the Company) (NASDAQ: KPLT), an e-commerce-focused financial technology company, today reported its financial results for the first quarter ended March 31, 2022.

First Quarter 2022 Financial and Operational Highlights:

Recorded total revenue of $59.9 million in first quarter 2022 compared to $80.6 million in the prior year, a decrease of $20.7 million. $3.0 million of this decline was attributable to the Companys adoption of ASC 842 as of January 1, 2022.

Added 27 new merchants in the first quarter 2022.

Continued high... More