KATAPULT HOLDINGS Partners with iBUYPOWER, Adding to Growing Merchant Network
January 1, 2023
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KATAPULT HOLDINGS ($NASDAQ:KPLT) is a rapidly growing publicly traded company that specializes in the development of e-commerce payment solutions. Kata. by Katapult Holdings, the company’s flagship payment platform, has just added iBUYPOWER to its ever-expanding list of merchant partners. iBUYPOWER is an online retailer that specializes in custom-built computers and gaming systems. This partnership is a great addition for Kata., as it allows customers to purchase these products directly from the platform. The new partnership with iBUYPOWER is just the latest example of KATAPULT HOLDINGS’ commitment to expanding its merchant network. Over the past two years, the company has added numerous merchants, including some of the world’s largest retailers. This has allowed Kata. to offer customers a wide range of shopping options on one platform.
In addition to the addition of iBUYPOWER, KATAPULT HOLDINGS recently launched Kata.Pay, a new payment solution that allows customers to pay for their purchases directly from their bank accounts. This new feature makes it easy and secure for customers to purchase products from anywhere in the world and has helped to increase the company’s customer base. Overall, KATAPULT HOLDINGS’ partnership with iBUYPOWER is another great example of the company’s commitment to providing customers with the best possible payment solutions. With the addition of iBUYPOWER, Kata. now offers customers a wide range of shopping options, as well as secure and convenient payment options. This is sure to be just one of many partnerships that will help KATAPULT HOLDINGS to continue its impressive growth.
Price History
KATAPULT HOLDINGS announced a partnership with iBUYPOWER this week, adding to its growing merchant network. Right now, media coverage of the move is largely positive, reflecting the potential opportunities the partnership brings. On Wednesday, the company’s stock opened at $0.8 and closed at $0.9, up by 4.7% from its prior closing price of 0.9. This is a sign of investor confidence in KATAPULT HOLDINGS and its ability to leverage the new partnership to further its growth. The company has developed a strong network of merchants, allowing it to extend its services to more customers and expand its reach. The partnership with iBUYPOWER is a major step forward for KATAPULT HOLDINGS, as it will allow them to service more customers and increase their profitability. The company is well-positioned for continued growth, as its focus on providing loans to those with limited credit histories is increasingly in demand.
Additionally, the partnership with iBUYPOWER is expected to bring even more customers into the fold, as iBUYPOWER has a strong presence in the consumer electronics market. This will give KATAPULT HOLDINGS an even greater reach and allow it to better serve its customers. Overall, the partnership between KATAPULT HOLDINGS and iBUYPOWER is a positive move for both companies, and investors have responded positively. With a growing network of merchants and customers, KATAPULT HOLDINGS looks set to continue its impressive growth in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Katapult Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 236.56 | -15.96 | -10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Katapult Holdings. More…
| Operations | Investing | Financing |
| -2.11 | -1.85 | -17.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Katapult Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 131.85 | 111.93 | 0.2 |
Key Ratios Snapshot
Some of the financial key ratios for Katapult Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -0.2% |
| FCF Margin | ROE | ROA |
| -1.7% | -1.1% | -0.2% |
VI Analysis
KATAPULT HOLDINGS is a high risk investment according to VI Risk Rating. This rating is based on a company’s fundamentals, which reflect its long term potential. Using the VI App, investors can get a simple and comprehensive overview of the company’s financial and business aspects. The VI App has detected two risk warnings in the KATAPULT HOLDINGS income sheet and cashflow statement. These warnings are indicators of potential issues that may arise, and investors should be aware of them before investing. The VI App also provides investors with other useful information such as financial ratios, balance sheet analysis, industry comparisons, and more. This allows investors to make an informed decision before investing in KATAPULT HOLDINGS. It provides an easy-to-understand overview of the company’s financial data, helping investors make an informed decision about their investment. While it does flag risks, investors should always do their own research before investing in any company. To become a registered user and gain access to the full suite of features, users must register on the VI App website. More…
VI Peers
Its competitors include Affirm Holdings Inc, Toast Inc, and Fintech Select Ltd.
– Affirm Holdings Inc ($NASDAQ:AFRM)
Affirm Holdings Inc is a financial technology company that offers installment loans to consumers at the point of sale. The company has a market cap of 4.54B as of 2022 and a return on equity of -19.16%. The company’s primary products are Affirm Loans and Affirm Credit, which allow consumers to finance purchases from participating merchants. Affirm also offers Affirm Save, a tool that helps consumers save money on future purchases.
– Toast Inc ($NYSE:TOST)
Toast Inc is a publicly traded company that provides software and hardware solutions for restaurants. As of 2022, the company has a market capitalization of 9.82 billion dollars and a return on equity of -24.64%. The company offers a variety of products and services that aim to help restaurants streamline their operations and improve their customer experience. Some of the company’s notable products include Toast POS, Toast Pay, and Toast Online Ordering. Despite Toast’s negative return on equity, the company’s market cap indicates that it is still a large and influential player in the restaurant software industry.
– Fintech Select Ltd ($TSXV:FTEC)
Fintech Select Ltd is a company that provides financial technology solutions. The company has a market capitalization of 1.6 million as of 2022 and a return on equity of -195.24%. The company provides solutions for payment processing, point-of-sale systems, and mobile commerce. The company also offers consulting and support services.
Summary
KATAPULT HOLDINGS has recently announced a partnership with iBUYPOWER, expanding their network of merchants. The news was met with generally positive media coverage, and the stock price rose the same day. This could be a good sign for investors looking to get in on the company, as the increased visibility and reach could lead to increased revenue. Furthermore, the partnership with iBUYPOWER indicates the company is well-positioned to capitalize on future growth opportunities and continue to expand its reach.
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