Welcome to our dedicated page for Leafbuyer news (Ticker: LBUY), a resource for investors and traders seeking the latest updates and insights on Leafbuyer stock.
Leafbuyer Technologies, Inc. (LBUY) operates at the intersection of cannabis retail and digital innovation, providing marketing technology tailored for legal cannabis businesses. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry stakeholders will find timely updates on earnings reports, partnership announcements, and product launches, alongside analysis of regulatory changes impacting the cannabis sector. The curated news collection enables efficient tracking of Leafbuyer’s market position and technological advancements in loyalty programs, online ordering systems, and its cannabis deals network.
Content spans press releases, operational milestones, and leadership updates, offering insights into how LBUY navigates the evolving cannabis landscape. Bookmark this page to stay informed about Leafbuyer’s role in shaping cannabis retail through data-driven marketing solutions and consumer engagement tools.
Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2 FY2024, ending December 31, 2024. The cannabis technology and marketing platform achieved significant growth across key metrics:
Revenue increased 20% year-over-year from $1,434,132 to $1,717,127. The company demonstrated remarkable profitability improvements with gross margins rising 68% year-over-year. Most notably, net income showed a dramatic turnaround, improving 134% from a loss of $220,010 to a profit of $78,815.
CEO Kurt Rossner attributed the strong performance to securing several large-spending MSOs and ongoing cost reduction initiatives that enhanced gross margins by nearly 70%.
Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q3 FY2024, with significant improvements across key metrics. The cannabis technology and marketing platform achieved a 20% year-over-year revenue growth from $1,434,132 to $1,717,127 for the quarter ending December 31, 2024.
The company demonstrated substantial profitability improvements with a 68% increase in gross margins year-over-year. Most notably, Leafbuyer transformed its bottom line, posting a 134% increase in net income, shifting from a loss of $220,010 to a profit of $78,815.
According to CEO Kurt Rossner, the company's growth was driven by securing several large-spending MSOs (Multi-State Operators) and ongoing cost reduction initiatives that enhanced gross margins by nearly 70%.
Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2 FY2024, with revenue increasing 38% year-over-year from $1,169,622 to $1,609,473. The company's growth rate exceeded industry growth by more than 11 times. Gross margins saw a significant improvement, rising 53% year-over-year, while gross profit more than doubled with a 110% increase from $356,278 to $749,281.
The cannabis technology and marketing platform's cost reduction initiatives implemented last year have proven effective, with selling expenses decreasing by 10% despite the revenue growth. CEO Kurt Rossner indicated that these measures are expected to continue driving margin expansion in the near future.
Leafbuyer Technologies reported strong financial results for Q2 FY2024, with revenue increasing 38% year-over-year to $1.61 million from $1.17 million. The company's gross profit surged 110% to $749,281, while gross margins improved by 53%. The revenue growth rate was more than 11 times the industry average. The company achieved these results while reducing selling expenses by 10%, demonstrating effective cost management and market share gains across all segments.
Leafbuyer Technologies Inc. (OTCQB:LBUY), a leading cannabis technology company, has announced its quarterly results for the period ending March 31, 2024. The company reported a 16.4% increase in year-over-year revenue growth and a 9% increase in gross profit. This growth rate is nearly double the industry's projected compound annual growth rate of 8.5%, according to New Frontier Data.
The company's success is attributed to increased sales of its loyalty, texting, online ordering, and web application solutions. Leafbuyer's CEO, Kurt Rossner, emphasized the company's superior offering in the market, noting that many competitors have experienced year-to-year declines in topline numbers. Leafbuyer generates revenue through its marketing technology platforms, which connect cannabis consumers with dispensaries and product companies across the country.
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