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. (OTCQB:LBUY) is a cannabis technology and marketing platform that regularly reports on its financial performance, product adoption, and corporate developments. The company’s news releases highlight its role as a provider of marketing technology platforms for cannabis businesses, including texting, loyalty, online ordering, and web application solutions, as well as its Leafbuyer.com consumer website and partner network.
On this news page, readers can find company-issued updates on revenue growth, gross margin trends, and profitability metrics as reported in Leafbuyer’s press releases. The company frequently announces year-over-year changes in revenue and gross profit, as well as commentary on cost reduction measures, market conditions in the cannabis industry, and the performance of its technology offerings.
Leafbuyer’s news flow often includes quarterly and annual results, record sales months, and discussions of how increased sales of loyalty, texting, online ordering, and web application solutions contribute to its financial results. The company also provides narrative context from management about industry headwinds, market share, and the impact of compliance requirements on its operations and customers.
In addition to financial updates, Leafbuyer has used news releases to describe significant corporate actions and strategic plans. These include references to expansion into other markets, the development of new technologies, channel partner agreements, and, as disclosed in regulatory filings, an agreement and plan of merger and reorganization involving LB Acquisition Corp. and RagingBull.com, LLC.
Investors and observers can use this page to review Leafbuyer’s own descriptions of its business performance, technology platforms, and strategic direction over time. By following the sequence of press releases, readers can see how the company characterizes its growth, its marketing technology offerings to cannabis businesses, and its evolving corporate structure.
Leafbuyer Technologies (OTCQB:LBUY) announced record-breaking results for the fiscal year ending June 30, 2022.
Annual revenue surged to $3.8 million, reflecting a 43% increase from the prior year. The company reported a net profit of $955,695.
Operational efficiencies were achieved, leading to a 12% reduction in total operating expenses, decreasing from $3,054,637 to $2,698,313.
Additionally, interest expenses on loans were significantly lowered, contributing to a positive cash flow position.
Leafbuyer Technologies announced a 46% year-over-year increase in quarterly revenue, reaching $984,000 for the quarter ending March 31, 2022. The gross profit rose to $292,682, demonstrating significant growth in comparison to $171,331 from the previous period. Additionally, operating expenses decreased to $513,469, while gross margins improved by 17%. CEO Kurt Rossner highlighted plans for continued growth and upcoming product launches.
Leafbuyer Technologies (OTCQB:LBUY) reported a remarkable 58% year-over-year sales growth, achieving the best sales month in its history for March 2022. The increase reflects cash sales booked compared to the same month last year. This success is attributed to new technology developments, integrations with top POS companies, and organic client growth. CEO Kurt Rossner noted a 22% surge in sales over the past four months with significantly reduced overhead costs. Full GAAP quarterly results are expected by May 15, 2022.
Leafbuyer Technologies (OTCQB:LBUY) announced a 53% year-over-year revenue increase for the quarter ending December 31, 2021, rising to $923,829 from $602,787. Gross profit also surged, climbing to $261,770 compared to $115,746 in the same period. Furthermore, selling expenses decreased to $210,885 from $230,852. CEO Kurt Rossner highlighted that this growth outpaces the industry average and reflects ongoing product innovation and expansion of the company's sales footprint.
Leafbuyer Technologies, Inc. (OTCQB:LBUY) reported significant financial growth for the first quarter of fiscal year 2021. Revenue increased to $850,693, a 30.5% rise from $652,723 in the previous year. Operating expenses also declined from $921,967 to $809,632, and net cash used in operations decreased to $116,491 from $427,685. CEO Kurt Rossner emphasized the company's position to capitalize on the expanding cannatech market, aided by their loyalty platform and website.
Leafbuyer Technologies (OTCQB:LBUY) reported significant growth in its loyalty program, achieving 92% growth in traffic and 165% increase in loyalty signups from January to September 2021. CEO Kurt Rossner emphasized the loyalty product line as core to business success, with enhancements planned for the platform. The company provides marketing technology solutions that drive cannabis consumers to dispensaries and product companies nationwide, strengthening its position in the cannabis industry.
Leafbuyer Technologies (OTCQB:LBUY) achieved record sales in August 2021, marking the highest monthly sales total in the company's history. The surge is attributed to strong demand and an expanded product offering, alongside the addition of over 100 new clients in the past four months. CEO Kurt Rossner expressed optimism about the company's growth trajectory and upcoming enhancements to its platform, aiming for continued above-market growth. Leafbuyer continues to be a key player in the cannabis technology sector, providing marketing solutions for cannabis businesses.
Leafbuyer Technologies (OTCQB:LBUY) has announced the launch of a new mobile app product called CANNALERT to enhance communication between cannabis dispensaries and consumers. This app integrates online ordering, messaging, deal alerts, and loyalty programs, ensuring nearly 100% message delivery via push notifications, which avoids SMS costs and legal challenges. CEO Kurt Rossner anticipates full deployment within 60 days, believing the app will drive ROI by providing reliable marketing communication for dispensaries.
Leafbuyer Technologies (OTCQB:LBUY) reported a robust financial performance for the quarter ending March 31, 2021, with revenues increasing by 17% year-over-year. The company also significantly reduced operating expenses by 43%, achieving its first profitable quarter as a public entity with over $100,000 in profits compared to a loss exceeding $1 million in the prior year. The shift towards a SaaS model has enhanced efficiency and recurring revenue streams, fueling further growth and innovation in its product offerings.
Leafbuyer Technologies has announced an integration with LeafLogix, enhancing its loyalty technology platform for dispensaries. This partnership allows dispensaries using LeafLogix POS systems to integrate seamlessly with Leafbuyer's technology, enabling features like loyalty point checks, reward redemptions, and pre-order capabilities through a branded app. COO Mark Breen emphasized the potential for growth in new markets, while CEO Kurt Rossner highlighted the importance of such partnerships for customer engagement. The integration aims to enhance consumer experiences in the cannabis market.
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