Benzinga | Dec 1, 2021 04:14PM EST

Katapult Reports Booked Gross Originations Of $40.4M From Oct. 1 To Nov. 30, 2021

Katapult Holdings, Inc. ("Katapult" or the "Company") (NASDAQ:KPLT), an e-commerce focused financial technology company, today provided an interim update on its quarter-to-date Gross Originations. The Company booked Gross Originations from October 1, 2021, through November 30, 2021, of $40.4 million. This compares to Gross Originations in the same period of 2020 and 2019 of $41.7 million and $26.1 million, respectively.

Gross Originations (Oct. 1st - Nov. 30th) ($ millions) Change 2019 $26.1 2020 $41.7 59.8% 2021 $40.4 -3.2%

Chief Executive Officer, Orlando Zayas, notes, "Our quarter-to-date Gross Originations were down 3.2% year-over-year, which reflects many of the same economic trends we saw in the 3rd quarter continuing into the 4th quarter. We look forward to seeing how December 2021 unfolds. We will provide more details in regard to Gross Originations and other key metrics when we report Fourth Quarter and Full Year 2021 results in 2022."

Chief Executive Officer, Orlando Zayas and Chief Financial Officer, Karissa Cupito, will participate in a fireside chat today, Wednesday, December 1, 2021, at 5:00 PM Eastern Time, at the Stephens Annual Investment Conference.

The live audio webcast will be available on the Katapult Investor Relations website at https://ir.katapultholdings.com/news-events/news-releases. After the event, an archive of the webcast will also be available for a limited time on the Katapult Investor Relations website.