Katapult Holdings, Inc. (NASDAQ:KPLT) Q3 2023 Earnings Call Transcript

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Orlando Zayas: Yeah. Anthony, last quarter I mentioned that, our strategy going forward is to expand the pie of customers, and in numerous ways, obviously, a direct integration, a waterfall integration or partnership, and this is the third prong of that expansion of getting new customers to our platform.

Anthony Chukumba: Got it. That’s helpful. And then just one last question for me, just any updates in terms of the, I mean, you talked about the Casper integration, but any updates in terms of the new retail partners that you signed on in the third quarter or just potential partnerships in the pipeline?

Orlando Zayas: Yeah. The pipeline question. Yeah. We are — we obviously have a strong pipeline of not only Synchrony retailers, new retailers that are new to us, but also on the partnership front. So we’re kind of attacking it on all three fronts and I’m looking forward to 2024 and getting some of these integrations done. I mean, the beauty of partnership one is the easier integration than the direct integration. Waterfall one with Synchrony will be a much easier integration to add retailers at a quicker pace.

Anthony Chukumba: That’s helpful. Good luck with the remainder of the year.

Orlando Zayas: All right. Thanks, Anthony.

Nancy Walsh: Thank you.

Operator: There are no further questions at this time. I would like to turn the floor back over to Orlando Zayas, CEO for closing comments. Please go ahead.

Orlando Zayas: Thank you. Before we sign off, I want to acknowledge the amazing Katapult team. I’m so grateful to the work with our team and is so focused on winning and delivering for our customers and merchants. Thank you for your hard work and dedication. You are the most important ingredient of our success. To everyone listening, thank you so much for tuning in to hear about the progress we’ve made over the past quarter. We are proud of our ability to grow while providing our customers with a fair, transparent and accessible lease-to-own product and our merchants with a growth channel that has so much potential. We look forward to chatting with the Wall Street community throughout the quarter and providing a next update after our fourth quarter concludes.

We plan to participate in the Stephen’s Annual Investment Conference in Nashville next week and we hope to see you there. If we can’t meet you in person, you can access a live webcast and replay of our fireside chat on our IR website. Thanks again for your support and interest in our story.

Operator: This concludes today’s conference call. You may disconnect your lines at this time. Thank you for your participation and have a great day.

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