Wm Technology Inc Stock Price, News & Analysis

WM Technology (NASDAQ: MAPS), a leader in cannabis technology solutions, will disclose its first-quarter financial results for the period ending March 31, 2023, following market close on May 9, 2023. A conference call and webcast for discussing these results will commence at 2:00 p.m. PT (or 5:00 p.m. ET) on the same day. Interested parties can access a replay of the Q4 call on ir.weedmaps.com by the end of May 10. Since its inception in 2008, WM Technology has established itself as a dominant marketplace and technology provider for legal cannabis, offering an array of eCommerce and compliance software solutions. The company aims to support a transparent cannabis economy by facilitating consumer access and business compliance.

WM Technology (Nasdaq: MAPS) announced its fourth quarter and full-year financial results, reporting fourth-quarter revenue of $49.3 million, down from $54.2 million in Q4 2021. Full-year revenue rose to $215.5 million from $193.1 million in 2021. Average monthly paying clients increased to 5,689 from 4,766, but average revenue per client declined to $2,888 from $3,789. The company recorded a net loss of $60.8 million in Q4 and $82.7 million for the year, compared to net income in the prior periods. Looking ahead, 2023 Q1 revenue is estimated at $47 million with Non-GAAP Adjusted EBITDA predicted at $4 million.

WM Technology, Inc. (NASDAQ: MAPS) will announce its fourth quarter financial results for the period ending December 31, 2022, on March 16, 2023, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) to discuss the results. This session will also be available for replay on the company’s investor relations site after March 17. Founded in 2008, WM Technology is the premier online cannabis marketplace, providing eCommerce solutions and compliance software to cannabis retailers and brands in the U.S. and Canadian markets. The company's mission is to empower a transparent and inclusive cannabis economy.