Katapult Holdings (KPLT) Misses Q2 EPS by 2c
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Katapult Announces Second Quarter 2022 Financial Results
August 9, 2022 7:00 AM EDTPLANO, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (Katapult or the Company) (NASDAQ: KPLT), an e-commerce-focused financial technology company, today reported its financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial and Operational Highlights:
Recorded total revenue of $53.0 million in second quarter 2022 compared to $77.5 million in the prior year, a decrease of $24.5 million. $8.0 million of this decline was attributable to the Companys adoption of ASC 842 as of January 1, 2022. Added 42 new merchants in the second quarter 2022. Continued high... More