Katapult Holdings, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2024
May 15, 2024 at 03:30 pm IST
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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 an e-commerce focused financial technology company. It offers e-commerce point-of-sale (POS) lease-purchase options for non-prime United States consumers. Its fully digital technology platform provides non-prime consumers with a flexible lease-purchase option to enable them to obtain durable goods from Companyâs network of e-commerce retailers. It primarily operates within the virtual lease-to-own (LTO) market. Its LTO platform offers customers an alternative to traditional financing of automotive goods, computers, electronics, home furnishings and other durable goods. It has launched Katapult Cartridge for business-to-consumer commerce, an omnichannel solution, which is integrated directly with Salesforce and available on AppExchange for consumers who donât have access to traditional financing or credit. Its platform can be integrated regardless of integration method: platform plug-in, developer documentation, and direct application programming interface.