Katapult For Q1 2024 Expects Revenue To Increase 12% To 14% YoY; And For Fiscal 2024 Expects Revenue Growth To Be At Least 10% YoY
Portfolio Pulse from Benzinga Newsdesk
Katapult expects a 12-14% YoY revenue increase in Q1 2024 and at least 10% YoY growth for the full year. The company anticipates flat YoY gross originations growth in Q1 but expects improvement throughout 2024. Adjusted EBITDA is projected to improve due to revenue growth and a 15% reduction in fixed cash operating expenses. The outlook assumes stable macro conditions and no significant changes from prime creditors.
March 14, 2024 | 10:47 am
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Katapult expects Q1 2024 revenue to grow 12-14% YoY and at least 10% for the full year, with an improved Adjusted EBITDA due to revenue growth and reduced expenses.
The positive revenue growth forecast and the expected improvement in Adjusted EBITDA, combined with a disciplined expense strategy, suggest a positive short-term impact on KPLT's stock price. The company's focus on expanding its customer base and maintaining strong credit quality further supports this outlook. However, the assumption of stable macro conditions and unchanged behavior from prime creditors introduces some uncertainty.
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