Leafbuyer Technologies, Inc. Announces Quarterly Results

Rhea-AI Summary

Leafbuyer Technologies (OTCQB:LBUY), a leading cannabis technology company, reported strong financial results for Q1 2025. The company achieved a 16% year-over-year revenue growth, outperforming the industry's projected growth rate of 7.5%. Key highlights include a 44% increase in gross profit and a remarkable 237% surge in net income to $235,154.

The company's success is attributed to increased sales across its marketing technology platforms, including loyalty programs, mobile ordering applications, and the Leafbuyer.com website. Despite noting industry headwinds creating a challenging marketplace, Leafbuyer's performance demonstrates robust growth in its core business segments.

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• Management reports challenging marketplace conditions and industry headwinds

16% Increase in Year-Over-Year Revenue Growth and a 44% increase in Gross profit

DENVER, CO / ACCESS Newswire / May 14, 2025 / Leafbuyer Technologies Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that revenue grew 16% and gross profit increased by 44% in the quarter ending March 31, 2025.

Leafbuyer's 16% year-over-year revenue growth rate is more than double the industry's projected compound annual growth rate of 7.5%, according to New Frontier Data. Increased sales of the Company's loyalty, texting, online ordering, and web application solutions account for the continued success. "We are pleased with our continued revenue increases across our segments. We do see some industry headwinds that are creating a more challenging marketplace. We were able to have our best bottom line quarterly performance with an increase in net income of 237% to $235,154 this quarter," said Kurt Rossner, CEO of Leafbuyer.

Leafbuyer realizes revenue from the sale of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The solutions include loyalty programs, mobile application-based order ahead, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.

About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive marketing technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and the Smart App solution to engage with current and potential customers. Leafbuyer.com is a robust online resource for cannabis consumers, and the company's partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month

Learn more at tech.leafbuyer.com

Contacts
Leafbuyer Technologies, Inc.
Vida Almich 720-427-3927
vida@leafbuyertech.com

Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in the forward-looking statements due to several factors detailed from time to time in our filings with the Securities and Exchange Commission. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings.

Use of Non-GAAP Financial Measures
The Company discloses and uses the above-mentioned non-GAAP financial measures internally as a supplement to GAAP financial information to evaluate its operating performance, for financial planning purposes, to establish operational goals, for compensation plans, to measure debt service capability, for capital expenditure planning and to determine working capital needs and believes that these are useful financial measures also used by investors. Non-GAAP adjusted EBITDA is defined as GAAP net income or net loss before interest, taxes, depreciation, and amortization (EBITDA) adjusted for the non-cash stock compensation and stock option expense, acquisition, integration & restructuring expenses, charges and gains or losses from extinguishment of debt and other non-cash items. Non-GAAP EBITDA and non-GAAP adjusted EBITDA are not terms defined by GAAP and, as a result, the Company's measure of non-GAAP EBITDA and non-GAAP adjusted EBITDA might not be comparable to similarly titled measures used by other companies. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flow that either excludes or includes amounts that are not normally included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP financial measures discussed above, however, should be considered in addition to, and not as a substitute for, or superior to net income or net loss as reported for GAAP on the Consolidated Statements of Operations, cash and cash flows on the Consolidated Statement of Cash Flows or other measures of financial performance prepared in accordance with GAAP, and as reflected on the Company's financial statements prepared in accordance with GAAP. These non-GAAP financial measures are not a substitute for or presented in lieu of financial measures provided by GAAP and all measures and disclosures of financial information pursuant to GAAP should be read to obtain a comprehensive and thorough understanding of the Company's financial results.

SOURCE: Leafbuyer Technologies, Inc.

View the original press release on ACCESS Newswire

FAQ

What was Leafbuyer Technologies (LBUY) revenue growth in Q1 2025?

Leafbuyer Technologies reported a 16% year-over-year revenue growth in Q1 2025, more than double the industry's projected growth rate of 7.5%.

How much did Leafbuyer's (LBUY) net income increase in Q1 2025?

Leafbuyer's net income increased by 237% to $235,154 in Q1 2025.

What was the gross profit growth for Leafbuyer (LBUY) in Q1 2025?

Leafbuyer reported a 44% increase in gross profit for the quarter ending March 31, 2025.

What are the main products and services offered by Leafbuyer Technologies?

Leafbuyer offers marketing technology platforms including loyalty programs, mobile application-based order ahead services, and consumer access through Leafbuyer.com website and network partners.

What challenges did Leafbuyer (LBUY) report in their Q1 2025 earnings?

Leafbuyer reported facing industry headwinds that are creating a more challenging marketplace, despite achieving strong financial results.