Katapult Holdings Inc. (KPLT) shares surged 23.48% in after-hours on Friday, August 27, 2021, and closed the weekly trading at $4.47. Earlier in the regular trading session on Friday, KPLT’s stock gained 5.85%. KPLT shares have fallen 63.89% over the last 12 months, and they have moved up 13.84% in the past week. Over the past three months, the stock has lost 72.43%, while over the past six months, it has shed 74.45%. Further, the company has a current market of $331.09 million and its outstanding shares stood at 98.37 million.
Let’s discuss its recent news and developments.
KPLT new Direct apply feature
On August 23, 2021, Katapult (KPLT) start offering a direct apply feature for customers.
The direct apply feature makes the shopping experience even easier for customers. Rather than apply through one of our merchant partners, customers can now apply directly at Katapult.com to receive their approved lease amount.
KPLT recent financial results announcement
On August 10, 2021, Katapult Holdings, Inc (KPLT), announced financial results for the second quarter ended June 30, 2021.
Q2 2021 financial highlights
- KPLT reported revenue of $77.5 million for Q2 2021 compared to $60.7 million in Q2 2020.
- Total operating expenses were $30.5 million in Q2 2021 compared to $9.7 million in Q2 2020.
- It suffered a net loss of 8.1 million in Q2 2021 compared to $5.1 million of net income in Q2 2020.
- Net loss per basic and diluted share was $0.17 in Q2 2021 compared to net income of $0.17 per basic and $0.09 per diluted share in Q2 2020.
- In Q2 2021, Adjusted EBITDA was $3.9 million compared to $11.1 million in the second quarter of 2020.
KPLT rang Nasdaq Opening Bell
On July 10, 2021, Katapult Holdings, Inc (KPLT) rang the Opening Bell on the Nasdaq stock market. Katapult, a newly public company, began trading under the Ticker KPLT on June 10, 2021. Orlando Zayas, the CEO, rang the Opening Bell alongside members of Katapult’s team.
KPLT Q1 2021 financial results announcement
On June 15, 2021, Katapult Holdings, Inc (KPLT) announced financial results for the first quarter ended March 31, 2021.
Q1 2021 financial highlights
- KPLT reported total revenue of $80.6 million in Q1 2021 compared to $42.9 million in Q1 2020.
- It earned a total net income of $8.1 million in the first quarter of 2021 compared to $3.7 million in Q1 2020.
- Adjusted EBITDA was $14.7 million in the first quarter of 2021 compared to $6.6 million in the first quarter of 2020.
Conclusion
Well, as of this writing, we have no recent news or developments which could be linked with its gains on Friday. We hope that the company will commence the new trading week with the same positive momentum.
