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Press Release: Katapult Announces Third Quarter 2021 Financial Results

Press Release: Katapult Announces Third Quarter 2021 Financial Results

新聞稿:Katapult公佈2021年第三季度財務業績
Dow Jones Newswires ·  2021/11/09 20:02

Katapult Announces Third Quarter 2021 Financial Results

Katapult宣佈2021年第三季度財務業績

PLANO, Texas, Nov. 09, 2021 (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 third quarter ended September 30, 2021.

環球新聞社,得克薩斯州普萊諾,2021年11月9日--專注於電子商務的金融技術公司卡塔普控股公司(以下簡稱“卡塔普”或“公司”)(納斯達克代碼:KPLT)今天公佈了截至2021年9月30日的第三季度財務業績。

Third Quarter 2021 Financial and Operational Highlights:

2021年第三季度財務和運營亮點:


-- Recorded total revenue of $71.7 million in the quarter for a total of
$229.8 million year-to date, an increase of 1% over the quarter and 32%
year-to-date versus the respective periods in the prior year.
-- Onboarded 25 new merchant partners, for a total of 82 new merchants added
year-to-date.
-- Maintained a strong balance sheet with $99.7 million of unrestricted cash
on hand and $56.7 million available on the asset-backed revolving line of
credit to support our growth initiatives.
-- Achieved high customer satisfaction with Net Promoter Score of 60 as of
September 30, 2021, up 23% year-over-year.
-- Increased our repeat customer rate by 42% year-over-year, with more than
50% of new gross originations coming from repeat customers (customers who
have originated more than one lease with Katapult over their lifetime).
-本季度創紀錄的總收入為7170萬美元,總計年初至今2.298億美元,比本季度增長1%,增長32%年初至今與上年同期相比。--新增商户25家,累計新增商户82家今年到目前為止。-保持強勁的資產負債表,無限制現金9970萬美元手頭有5670萬美元,可用於以下資產擔保的循環生產線信貸支持我們的增長計劃。-獲得較高的客户滿意度,截至Net Promoter得分為602021年9月30日,同比增長23%。-回頭率同比增長42%,回頭率超過50%的新毛收入來自回頭客(在他們的有生之年不止一次與卡塔普簽訂了租約)。

Third Quarter 2021 Results

2021年第三季度業績

(Comparisons are to the respective periods of the prior year unless otherwise noted)

(除非另有説明,否則是與上一年的不同時期進行比較)

The Company recorded third quarter revenue of $71.7 million, an increase of 1% over the third quarter 2020 and year-to-date revenue reached $229.8 million as compared to $173.8 million last year, an increase of 32%. The revenue increase was driven primarily by a higher active lease balance and strong payment performance during 2021. Gross originations increased 1% to $61.0 million, despite current macro challenges, including supply chain disruptions, that are impacting our merchant partners.

該公司第三季度的收入為7170萬美元,比2020年第三季度增長了1%,今年迄今的收入達到2.298億美元,而去年同期為1.738億美元,增長了32%。收入的增長主要是由於2021年活躍租賃餘額的增加和強勁的支付表現。儘管當前的宏觀挑戰,包括供應鏈中斷,正在影響我們的商業合作伙伴,但總原始量增長了1%,達到6100萬美元。

Net income was $13.7 million, including a $21.3 million revaluation gain related to our public and private warrants. Adjusted net (loss) income was $(4.5) million, down from $9.9 million. Adjusted EBITDA was $0.1 million, down from $14.2 million, reflecting three areas of year-over-year expense increases: 1) credit normalization back to pre-pandemic levels, 2) incremental public company costs and 3) increased investment in key new hires and growth initiatives.

淨收益為1,370萬美元,其中包括與我們的公共和私人認股權證相關的2,130萬美元的重估收益。調整後的淨(虧損)收入為450萬美元,低於990萬美元。調整後的EBITDA為10萬美元,低於1420萬美元,反映了三個方面的費用同比增長:1)信貸正常化,恢復到大流行前的水平;2)上市公司成本增加;3)增加對關鍵新員工和增長計劃的投資。

"We are pleased to report third quarter 2021 results that represent a step forward in our longer-term growth journey. While many of our merchant partners are facing operational challenges stemming from global supply chain disruptions, Katapult grew revenue and gross originations as we continue to deliver high levels of customer and merchant satisfaction with our products and services," said Orlando Zayas, CEO of Katapult. "We have established a strong foundation for the future with a solid balance sheet, a distinctive product offering and an emerging brand that is driving repeat customer business and merchant enthusiasm. As we look to the remainder of 2021 and beyond, we are excited about the opportunity to execute our growth strategy to steadily expand our merchant partners and reach economies of scale."

Katapult首席執行官奧蘭多·扎亞斯(Orlando Zayas)表示:“我們很高興公佈2021年第三季度的業績,這代表着我們的長期增長之旅向前邁出了一步。雖然我們的許多商業合作伙伴都面臨着全球供應鏈中斷帶來的運營挑戰,但隨着我們繼續對我們的產品和服務提供高水平的客户和商家滿意度,Katapult的收入和毛收入都有所增長,”Katapult首席執行官奧蘭多·扎亞斯(Orlando Zayas)表示。“憑藉穩健的資產負債表、獨特的產品供應以及推動回頭客業務和商家熱情的新興品牌,我們已經為未來奠定了堅實的基礎。展望2021年剩餘時間及以後,我們對有機會執行我們的增長戰略,穩步擴大我們的商業合作伙伴並實現規模經濟感到興奮。”

Katapult CEO, Orlando Zayas, and the company's CFO, Karissa Cupito will discuss the business's performance and growth strategy in greater detail on the company's earnings conference call and webcast.

Katapult首席執行官奧蘭多·扎亞斯(Orlando Zayas)和公司首席財務官卡麗莎·庫皮託(Karissa Cupito)將在公司收益電話會議和網絡直播上更詳細地討論業務表現和增長戰略。

Conference Call and Webcast

電話會議和網絡廣播

Katapult will host a conference call and webcast at 8:00 AM ET on November 9, 2021 to discuss the Company's financial results and current outlook.

Katapult將於美國東部時間2021年11月9日上午8:00主持電話會議和網絡直播,討論公司的財務業績和當前前景。

A live audio webcast of the event will be available on the Katapult Investor Relations website at http://ir.katapultholdings.com/. A copy of the earnings call presentation will also be posted to our website.

此次活動的現場音頻網絡直播將在卡塔普投資者關係部網站上進行,網址是:http://ir.katapultholdings.com/.。財報電話會議演示文稿的副本也將張貼在我們的網站上。

A live dial-in will be available at (888) 302-0680 (domestic) or (281) 962-4859 (international). The conference ID number is 9768849. Shortly after the conclusion of the call, a replay of this conference call will be available through 11:00 AM ET on November 23, 2021 at (855) 859-2056 (domestic) or (404) 537-3406 (international). The replay passcode is 9768849.

可撥打(888)302-0680(國內)或(281)962-4859(國際)進行現場撥號。會議ID號碼是9768849。電話會議結束後不久,本次電話會議將在美國東部時間2021年11月23日上午11:00重播,電話:(855)859-2056(國內)或(404)537-3406(國際)。重播密碼是9768849。

About Katapult

關於卡塔普

Katapult is a next generation platform for digital and mobile-first commerce for the nonprime consumer. Katapult provides point of sale lease purchase options for consumers challenged with accessing traditional financial products who are seeking to obtain everyday durable goods. The Company has developed a sophisticated end-to-end technology platform that enables seamless integration with merchants, underwriting capabilities that exceed the industry standard, and exceptional customer experiences.

Katapult是面向非優質消費者的下一代數字和移動優先商務平臺。Katapult為尋求獲得日常耐用品的消費者提供銷售點租賃購買選擇,這些消費者在獲得傳統金融產品方面遇到了挑戰。該公司開發了一個複雜的端到端技術平臺,可實現與商家的無縫集成、超出行業標準的承保能力以及卓越的客户體驗。

Forward-Looking Statements

前瞻性陳述

Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our market opportunity, our ability to expand our merchant partners and reach economies of scale. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Katapult's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Katapult. These forward-looking statements are subject to a number of risks and uncertainties, including general economic conditions in the markets where Katapult operates, the cyclical nature of consumer spending, and seasonal sales and spending patterns of customers; failure to realize the anticipated benefits of the transaction with FinServ Acquisition Corp.; risks relating to factors affecting consumer spending that are not under Katapult's control, including, among others, levels of employment, disposable consumer income, prevailing interest rates, consumer debt and availability of credit, pandemics (such as COVID-19), consumer confidence in future economic conditions and political conditions, and consumer perceptions of personal well-being and security; risks relating to uncertainty of Katapult's estimates of market opportunity and forecasts of market growth; risks related to the concentration of a significant portion of Katapult's business among a limited number of merchants, or type of merchant or industry; the effects of competition on Katapult's future business; the impact of the COVID-19 pandemic and its effect on Katapult's business; the ability of Katapult to issue equity or equity-linked securities or obtain debt financing in the future or any impacts related to raising additional capital, and those factors discussed in greater detail in the section entitled "Risk Factors" in Katapult's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on August 16, 2021, as well as in other documents filed, or to be filed, by Katapult, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Katapult does not presently know or that Katapult currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Katapult's expectations, plans or forecasts of future events and views as of the date of this Press Release. Katapult anticipates that subsequent events and developments will cause Katapult's assessments to change. However, while Katapult may elect to update these forward-looking statements at some point in the future, Katapult specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Katapult's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

本新聞稿中包含的非歷史事實的某些陳述是為了“1995年美國私人證券訴訟改革法”中的安全港條款的目的而作出的前瞻性陳述。前瞻性陳述通常伴隨着諸如“相信”、“可能”、“將”、“估計”、“繼續”、“預期”、“打算”、“預期”、“應該”、“將”、“計劃”、“預測”、“潛在”、“似乎”、“尋求”、“未來”、“展望”等詞語,以及預測或表明未來事件或趨勢或不是歷史事件陳述的類似表述。這些前瞻性陳述包括但不限於有關我們的市場機會、我們擴大商業合作伙伴和實現規模經濟的能力的陳述。這些陳述是基於各種假設的,無論本新聞稿中是否提及這些假設,以及對Katapult公司管理層目前的預期,並不是對實際業績的預測。這些前瞻性陳述僅供説明之用,並不打算用作任何投資者的擔保、保證、預測或對事實或可能性的明確陳述,也不得將其作為擔保、保證、預測或確鑿的事實或可能性陳述。實際事件和情況很難或不可能預測,並將與假設有所不同。許多實際事件和情況都超出了卡塔普的控制範圍。這些前瞻性陳述會受到一系列風險和不確定性的影響,包括Katapult運營的市場的總體經濟狀況、消費者支出的週期性以及客户的季節性銷售和支出模式;未能實現與FinServ Acquisition Corp.的交易的預期好處;與影響消費者支出的因素相關的風險,這些因素不在Katapult的控制之下,包括就業水平、可支配消費者收入等, 與當前利率、消費者債務和信貸可獲得性、流行病(如新冠肺炎)、消費者對未來經濟和政治狀況的信心以及消費者對個人福祉和安全感的看法有關的風險;與卡塔普公司對市場機會的估計和市場增長預測的不確定性有關的風險;與卡塔普公司很大一部分業務集中在數量有限的商家、或類型的商人或行業中有關的風險;競爭對卡塔普公司未來業務的影響;新冠肺炎疫情的影響及其對卡塔普公司業務的影響;這些因素將在Katapult於2021年8月16日提交給美國證券交易委員會(SEC)的Form 10-Q季度報告以及Katapult提交給SEC的其他文件中題為“風險因素”的章節中進行更詳細的討論,這些因素將在Katapult於2021年8月16日提交給美國證券交易委員會(SEC)的Form 10-Q季度報告以及Katapult提交給SEC的其他文件中更詳細地討論。如果這些風險中的任何一個成為現實,或者我們的假設被證明是不正確的,實際結果可能與這些前瞻性陳述所暗示的結果大不相同。可能還存在Katapult公司目前不知道的或者Katapult公司目前認為是無關緊要的其他風險,這些風險也可能導致實際結果與前瞻性陳述中包含的結果不同。此外,前瞻性陳述反映了截至本新聞稿發佈之日,Katapult公司對未來事件和觀點的預期、計劃或預測。Katapult預計,隨後的事件和發展將導致Katapult的評估發生變化。然而,儘管Katapult可能會選擇在未來的某個時候更新這些前瞻性陳述, Katapult明確表示不承擔任何這樣做的義務。這些前瞻性陳述不應被視為代表Katapult公司在本新聞稿發佈日期之後的任何日期的評估。因此,不應過分依賴前瞻性陳述。

Key Performance Metrics

關鍵績效指標

We regularly review several metrics, including the following key metrics, to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions, which may also be useful to an investor: Gross Originations, Total Revenue, Unearned Revenue, Bad Debt Recoveries and Gross Profit.

我們定期審查幾個指標,包括以下關鍵指標,以評估我們的業務,衡量我們的業績,確定影響我們業務的趨勢,制定財務預測和做出戰略決策,這些指標也可能對投資者有用:毛收入、總收入、未賺取收入、壞賬回收和毛利潤。

Gross Originations are defined as the retail price of the merchandise associated with lease-purchase agreements entered into during the period through the Katapult platform. Gross Originations do not represent revenue earned. However, we believe this is a useful operating metric for both the Company and investors to use in assessing the volume of transactions that take place on our platforms.

毛收入定義為在此期間通過Katapult平臺簽訂的租購協議相關商品的零售價。毛收入並不代表賺取的收入。然而,我們相信這是本公司和投資者在評估我們平臺上發生的交易量時使用的一個有用的運營指標。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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