Name | Value |
---|---|
Revenues | 48.8M |
Cost of Revenue | 39.7M |
Gross Profit | 9.1M |
Operating Expense | 16.5M |
Operating I/L | -7.4M |
Other Income/Expense | -7.2M |
Interest Income | 0.5M |
Pretax | -14.6M |
Income Tax Expense | -0.2M |
Net Income/Loss | -14.4M |
Katapult Holdings, Inc. is an e-commerce focused financial technology company that offers lease-purchase options for nonprime consumers in the United States. Through its technology platform, the company provides nonprime consumers with a lease purchase option, allowing them to acquire durable goods from its network of e-commerce merchants. This enables consumers with lower credit scores to access products they may not be able to afford upfront, while providing e-commerce merchants with a way to reach a broader customer base and increase sales.