KPLT - Katapult: Misleading Event But Not Giving Up Quite Yet
- After providing bullish guidance on June 15, Katapult quickly removed their guidance, citing uncertainty in predicting consumer spending trends.
- This quickly caused investors to sell the news as questions started to arise around revenue visibility and management's credibility.
- With a market cap of just $360 million and revenue and gross originations likely eclipsing that level in the next 1-2 years, this idea could be interesting for long-term investors.
- While it will likely take many quarters of strong execution, Katapult could also become an acquisition target for a larger BNPL player.
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Katapult: Misleading Event, But Not Giving Up Quite Yet