Based on these dynamics and the operating plan in place for the full year 2024, Katapult expects to deliver the following results for the first quarter of 2024:

• Year-over-year gross originations growth that is about flat compared with the first quarter of 2023

• A 12 to 14% year-over-year increase in revenue

• Meaningful improvement in Adjusted EBITDA performance compared with the first quarter of last year, reflecting our revenue growth expectation and a sustained reduction of fixed cash operating expenses. Fixed cash operating expenses are expected to be down approximately 15% year-over-year in the first quarter

For full year 2024, Katapult expects the following dynamics and results:

• We expect to continue to expand our customer base and acquire new customers

• Year-over-year growth in gross originations is expected to continue. For the full year we expect gross originations to grow at a rate of at least 10% and our first quarter performance should be the low point for the year.
  This outlook does not include any material impact from prime creditors tightening or loosening above us and assumes that there are no significant changes to the macro environment. The Company also expects gross originations to improve sequentially in the second half of 2024 compared to the first half of 2024 driven by growth in direct merchant originations and originations coming through Katapult Pay

• We also expect to maintain strong credit quality in our portfolio. This will be driven by ongoing enhancements to our risk modeling, onboarding high quality new merchants through direct integrations, and repeat customers engaging with Katapult Pay

• Revenue growth is expected to be at least 10%

• Finally with the continued execution of our disciplined expense strategy combined with our growing top-line we expect to deliver another year of Adjusted EBITDA growth. We also expect Adjusted EBITDA to follow the seasonal patterns that we have seen historically.