Katapult Holdings, Inc.

Thank you for standing by and welcome to the Catapult Q2 2022 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, please press star one on your telephone keypad. If you'd like to withdraw your question, press star one. As a reminder, today's call is being recorded. I will now hand today's call over to Bill Wright. Please go ahead, sir.

Thank you and good morning. Welcome to the Catapult second quarter 2022 earnings results conference call. With me today are Orlando Zayas, Chief Executive Officer, Carissa Cupidow, Chief Financial Officer, and Derek Medlin, Chief Operating Officer. We issued our earnings release and corresponding investor presentation this morning, and we will be referencing these during the call. Both can be found on our investment relations section of our website. We will all be available for Q&A following today's prepared remarks. Before we begin, I would like to remind everyone this call will contain forward-looking statements regarding future events and our financial performance, including statements regarding the anticipated occurrence and timing of prime lending tightening and impact on our results of operations, our growth opportunity, the timing and impact of our growth initiatives on our future financial performance, the impact of our new executive hires and brand strategy. These should be considered in conjunction with the cautionary statements contained in our earnings release and the company's most recent periodic SEC reports, including our form 10-Q for the quarter ended March 31st, 2022, and the subsequent periodic and current reports we file with the SEC. These statements reflect management's current beliefs, assumptions, and expectations and are subject to a number of factors that may cause actual results to differ materially from those statements. Except as required by law, we undertake no obligation to publicly update or revise any of these statements, whether as a result of any new information, future events, or otherwise. During today's discussion of our financial performance, we will provide certain financial information that constitutes non-GAAP financial measures under SEC rule. These include measures such as adjusted gross profit, adjusted EBITDA, and adjusted net income. These non-GAAP financial measures should not be considered replacements for and should be read together with our GAAP results. Reconciliations to GAAP measures and certain additional information are also included in today's earnings release, which is available on the investor relations section of our websites. This call is being recorded, and a webcast will be available for replay on the investor relations section of our website. I will now turn the call over to Orlando.

Thanks, Bill. Good morning, everyone, and thank you for joining us. On today's call, we will review our financial results for the second quarter of 2022 and provide an update on progress we have made on our strategic growth initiatives. The challenging macro environment for both our retailers and our consumers continued into Q2 2022, including inflationary pressures and shifts in spending away from durable goods, which impacted our gross originations, revenue, and lease portfolio performance for the quarter. Despite facing these near-term macro headwinds, we are confident in our long-term ability to weather these challenges and remain focused on capturing new volume opportunities from a very large addressable market in order to create value for our shareholders. Turning to slide four, some of the key highlights from the second quarter include, we added 42 merchant partners. Two, our satisfaction metrics remain strong. Our net promoter score was 60 as of June 30th, 2022, and our repeat customers made up 52% of our Q2 2022 originations. Three, We hired the final open strategic leadership position that we had laid out in our growth plan, our chief revenue officer, Reid Burke. Reid brings with him a wealth of experience driving growth at companies like Sezzle and PayPal. Four, we launched a new brand platform that we believe differentiates ourselves in the market and is centered around the core philosophy that drives our company, seeing the good in people is good for business. As part of this new brand platform, our brand logo and colors were refreshed, which you'll see in our investor presentation. Five, we continue to be focused on identifying core efficiencies and cost savings opportunities. I will now turn the call over to Carissa, our CFO, who will provide more details on our financial performance. Carissa?