How Catapult's CEO engineered a billion-dollar comeback
After years of struggling to win over investors, CEO Will Lopes is finally earning applause following a strong earnings report for the sports tech company.
Catapult’s stock surged to new peaks on Wednesday, signalling a return to form for the once-hyped sports tech company — and marking a high point for chief executive Will Lopes, nearly six years into his tenure.
The company’s market cap hit $1.3 billion, a dramatic comeback for a business that, just over two years ago, was valued at a sixth of that. It’s a notable win for Lopes, who stepped into the top job in 2019 when Catapult was in the doldrums.
"When I got here, to be honest, the company was in a bit of disarray," Lopes said to Capital Brief.
"They had no CEO for almost nine months, they had a rotating door of CFOs for almost three years. It was a pretty chaotic environment, and yet the retention of the product was actually still pretty strong."
