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. reports company developments tied to its cannabis marketing technology platform for dispensaries and cannabis brands. Recurring updates cover quarterly and annual operating results, revenue from loyalty, texting, online ordering and web application solutions, and customer acquisition tools used across legal cannabis markets in the United States.
Company news also discusses Leafbuyer.com, network partnerships for cannabis deals and information, cost controls, gross profit trends, and messaging-compliance changes affecting SMS and MMS marketing. Updates often connect operating performance with the company’s restructuring of its messaging platform for FCC 10DLC compliance and the continued commercialization of its Custom App, loyalty and order-ahead products.
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Leafbuyer Technologies (OTCQB:LBUY) unveiled the Leafbuyer Total Network, a new product aimed at revolutionizing client messaging in the cannabis industry. This platform enhances the distribution of marketing content to millions of cannabis consumers through Leafbuyer.com. By combining existing messaging capabilities with the ability to reach new customers, businesses can now expand their audience in targeted regions. CEO Kurt Rossner emphasized that this offering not only improves client engagement but also provides measurable returns on investment (ROI) through new sign-ups and usage. This initiative positions Leafbuyer as a leader in cannabis technology, creating additional revenue streams while allowing clients to track marketing effectiveness.
Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2, with a net income of $95,397 compared to a net loss of $1,373,858 the previous year. Revenue surged 45%, rising from $923,829 to $1,341,750, while gross profit increased 174% from $261,770 to $716,146. Operating expenses were reduced by 23%, falling from $750,675 to $579,978. CEO Kurt Rossner highlighted that this marks the best quarter in the company's history, achieving profitability amidst industry challenges. Leafbuyer aims for continued growth and product enhancements in 2023.
Leafbuyer Technologies (OTCQB:LBUY) reported a significant 41% year-over-year increase in cash sales for Q4 2022, reflecting strong demand across its product offerings. CEO Kurt Rossner expressed satisfaction with the sales growth, indicating a robust market for the company’s services. Leafbuyer is a major player in cannabis marketing technology, providing solutions to cannabis businesses. Full financial results will be available when quarterly filings are submitted in mid-February 2023.
Leafbuyer Technologies (OTCQB:LBUY) has reported significant progress in 2022, nearing its best year ever. Key highlights include:
- 11 consecutive months of revenue growth
- 53% year-over-year sales growth in the latest quarter
- Added 239 new customers
- 64% increase in average revenue per customer
- Operating expenses declined by nearly 25%
- Record monthly sales achieved in November 2022
The company is optimistic about future opportunities, driven by high-margin sales and ongoing technology deployments.
Leafbuyer Technologies (OTCQB:LBUY) reported a 53% rise in cash sales for November 2022, totaling $444,000, compared to $290,000 in November 2021. The company attributes this growth to effective strategies and innovations amidst a declining retail cannabis market in Colorado. CEO Kurt Rossner expressed optimism about future financial progress and ongoing projects aimed at sustaining growth through 2023. Leafbuyer remains focused on providing value and ROI for clients in the cannabis industry.
Leafbuyer Technologies (OTCQB:LBUY) announced the signing of contracts with three multi-state operators (MSOs) totaling over $450,000 in annual revenue. The company is growing at nearly double the industry rate, as noted by COO Mark Breen, highlighting the effectiveness of their targeted marketing strategies and custom solutions. Leafbuyer will release its current quarter results in early February. As a leading cannabis marketing technology provider, Leafbuyer serves hundreds of cannabis businesses and maintains a strong digital presence through its platform.
Leafbuyer Technologies, Inc. (OTCQB:LBUY) reported a significant increase in quarterly revenue, rising to $1,128,665, up 32.5% year-over-year. The company's gross profit also saw a notable increase, climbing to $476,145, reflecting a 115% year-on-year growth. Operating expenses decreased from $809,639 to $635,136, showcasing improved efficiency. CEO Kurt Rossner highlighted strong demand for higher-margin products amidst a challenging overall cannabis market. Leafbuyer continues to expand into new markets, contributing to their positive growth trajectory.