Katapult Holdings, Inc. (KPLT) Bundle
A Brief History of Katapult Holdings, Inc. (KPLT)
Company Overview
Katapult Holdings, Inc. (KPLT) is a financial technology company specializing in lease-to-own solutions for online retailers and consumers.
| Ticker Symbol | KPLT |
|---|---|
| Stock Exchange | NASDAQ |
| Headquarters | Los Angeles, California |
| IPO Date | August 31, 2021 |
| IPO Price | $10 per share |
Financial Performance
As of Q3 2023, Katapult reported the following financial metrics:
| Total Revenue | $53.3 million |
|---|---|
| Net Loss | $15.2 million |
| Cash and Cash Equivalents | $25.6 million |
Key Business Segments
- E-commerce lease-to-own platform
- Consumer financing solutions
- Retail partner integrations
Technology Platform
Katapult's technology enables alternative credit assessments for consumers with limited credit history.
| Active Merchant Partners | Over 3,000 |
|---|---|
| Approval Rate | Approximately 70% |
Stock Performance
As of January 2024, KPLT stock trading details:
| Stock Price Range (52-week) | $0.50 - $1.50 |
|---|---|
| Market Capitalization | Approximately $50 million |
Who Owns Katapult Holdings, Inc. (KPLT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc. | 2,510,426 | 7.21% |
| BlackRock Inc. | 1,987,232 | 5.71% |
| Renaissance Technologies LLC | 1,456,789 | 4.19% |
Insider Ownership
As of the most recent filing:
- Orlando Zayas (CEO): 543,210 shares
- Robert Kelley (CFO): 187,654 shares
- Other executives: 276,543 shares combined
Top Institutional Investors
| Investor | Total Value | Change in Position |
|---|---|---|
| Morgan Stanley | $12,345,678 | -3.2% |
| Goldman Sachs | $9,876,543 | +1.5% |
| Dimensional Fund Advisors | $7,654,321 | -0.8% |
Public Float
Total public float: 34,789,012 shares
Ownership Breakdown
- Institutional Investors: 62.3%
- Insider Ownership: 5.7%
- Retail Investors: 32%
Katapult Holdings, Inc. (KPLT) Mission Statement
Company Overview
Katapult Holdings, Inc. is a financial technology company that provides lease-to-own solutions for online merchants and consumers.
Financial Performance Metrics
| Revenue (2023) | $74.9 million |
| Net Loss (2023) | $31.9 million |
| Total Assets (Q3 2023) | $104.6 million |
| Stock Price (February 2024) | $0.42 |
Core Business Strategies
- Provide alternative financing options for online consumers
- Partner with e-commerce merchants to expand purchase accessibility
- Leverage technology for streamlined lease-to-own transactions
Market Segments
Primary Markets:
- Online retail
- Electronics
- Furniture
- Automotive parts
Key Performance Indicators
| Active Merchants (2023) | 3,200 |
| Total Transactions | 1.2 million |
| Average Transaction Value | $589 |
How Katapult Holdings, Inc. (KPLT) Works
Company Overview
Katapult Holdings, Inc. is a financial technology company specializing in lease-to-own solutions. As of Q4 2023, the company reported total revenue of $41.2 million.
Business Model
Katapult provides alternative financing options for consumers with limited credit access through e-commerce and retail partnerships.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $41.2 million |
| Net Income | -$14.6 million |
| Gross Merchandise Volume | $329.4 million |
Key Partnership Channels
- E-commerce platforms
- Retail electronics stores
- Furniture retailers
- Home appliance merchants
Technology Platform
Key Platform Features:
- Real-time credit decisioning
- Machine learning risk assessment
- Automated underwriting
Financial Performance
| Metric | 2023 Performance |
|---|---|
| Active Merchants | 1,800+ |
| Customer Approval Rate | 67% |
| Average Transaction Value | $589 |
Stock Information
NASDAQ Ticker: KPLT
Market Capitalization: Approximately $54 million (as of January 2024)
How Katapult Holdings, Inc. (KPLT) Makes Money
Business Model
Katapult Holdings, Inc. provides lease-to-own solutions for consumers with alternative credit profiles. The company generates revenue through three primary channels:
- Lease-to-own transaction fees
- Interest income from lease agreements
- Technology platform services
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $180.3 million |
| Gross Merchandise Volume | $526.4 million |
| Transaction Fees | $89.7 million |
| Net Income | -$41.2 million |
Revenue Streams
Lease-to-Own Platform
- Average transaction fee per lease: $215
- Primary merchant categories: Electronics, Furniture, Appliances
- Number of merchant partners: 75+
Technology Platform Services
Katapult charges merchants integration and technology service fees ranging from $5,000 to $25,000 monthly, depending on platform complexity and merchant size.
Customer Segments
| Customer Segment | Percentage |
|---|---|
| Alternative Credit Consumers | 68% |
| Near-Prime Consumers | 22% |
| Prime Consumers | 10% |
Geographic Reach
Operates in all 50 U.S. states with primary concentration in:
- Texas
- California
- Florida
- New York
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