Katapult reports Q3 EPS (94c) vs. ($2.05) last year

Reports Q3 revenue $74.04 vs. $60.31M last year. Reports Q3 write-offs as a percentage of revenue 9.9%, within the Company’s 8%-10% long-term target range. This compares with 9.3% last year. “We are continuing to execute against our priorities and our third quarter results demonstrate the progress we’re making,” said Orlando Zayas, CEO of Katapult (KPLT). “Our 25% gross originations growth in the third quarter marks our third consecutive year of growth and we are very proud of our team’s hard work and dedication that allowed us to achieve this milestone. Underlying this strong growth are several hallmarks of a healthy marketplace including rapid application growth, an expanding unique new customer base, strong repeat customer rates and an uptick in cross-shopping activity. We believe the Katapult app marketplace has become a premier shopping destination for nonprime consumers and we are very excited about our future. We look forward to delivering a strong fourth quarter for our merchants and customers alike.”