Wm Technology Inc Stock Price, News & Analysis

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.

WM Technology, Inc. (NASDAQ: MAPS) will participate in the 2023 ICR Conference in Orlando, Florida, on January 10, 2023. Chief Financial Officer Arden Lee will lead a fireside chat at 1:30 p.m. EST, with additional opportunities for investors to meet company representatives during Breakout Sessions at 11 a.m. and 2:30 p.m. EST. The event will be available via a live audio webcast on WM Technology's Investor Relations website, with a replay accessible for 90 days. The company, founded in 2008, leads the cannabis marketplace and provides software solutions to cannabis businesses.

WM Technology has appointed Randa McMinn as its new Chief Marketing Officer. McMinn's extensive marketing experience includes leading roles at Reali, where she launched a pricing model that boosted profit margins by 30%, and Ten-X. She aims to enhance the consumer marketplace experience and innovate technology solutions for cannabis retailers and brands. The company, founded in 2008, operates a leading online cannabis marketplace and offers compliance software solutions in the U.S. and Canadian markets, advocating for safe cannabis access.

WM Technology, Inc. (Nasdaq: MAPS) reported its third quarter 2022 results, revealing revenue of $50.5 million, a slight decrease from $50.9 million year-over-year. The company posted a net loss of $10.5 million, compared to a net income of $49.2 million in the prior year's quarter. Average monthly paying clients rose to 5,576, up from 4,444 a year earlier, but average revenue per client fell to $3,019 from $3,817. Additionally, Doug Francis steps in as interim leader following Chris Beals' departure. Fourth quarter revenue is expected to decline in the low double-digit percentage range.

WM Technology, Inc. (NASDAQ: MAPS) will report its financial results for Q3 2022 on November 7, 2022, after market close. A conference call and webcast will take place at 2:00 PM PT to discuss these results. The company operates the leading cannabis marketplace and provides eCommerce software solutions for cannabis businesses. With over 14 years of experience, WM Technology aims to enhance consumer access to cannabis and support business compliance in the U.S. and Canadian markets.

WM Technology, Inc. (NASDAQ: MAPS) announced its participation in key investor conferences including the Benzinga Cannabis Capital Conference and Piper Sandler Growth Frontiers Conference on September 13-14, 2022. CEO Chris Beals will keynote at the Benzinga event in Chicago, while CFO Arden Lee will engage in a discussion at the Piper Sandler event in Nashville. These gatherings aim to enhance investor relations and showcase the company's pivotal role in the cannabis marketplace. For more updates, visit the WM Technology Investor Relations website.

WM Technology (Nasdaq: MAPS) has launched Weedmaps for Business, a revamped suite of SaaS solutions aimed at cannabis retailers and brands. This rebranding reflects a comprehensive platform that integrates tools to help businesses manage operations, marketing, and customer engagement. The new offerings include services for managing inventory, customer relationships, and performance analytics. Notably, the integration of recent acquisitions enhances their ability to support cannabis businesses at every stage of the consumer funnel.

WM Technology reported strong second quarter results with revenue increasing to $58.3 million, a 24% year-over-year growth. The number of Average Monthly Paying Clients rose to 5,537, a 31% increase. Despite this, the Average Monthly Revenue per Paying Client fell by 5% to $3,509. The company achieved a gross profit of $54.4 million, reflecting a 93% margin rate. Looking ahead, guidance suggests total revenue may be flat to down in the mid-single digits for the second half of 2022. Adjusted EBITDA is expected to be positive for the full year.

WM Technology, Inc. (NASDAQ: MAPS) will release its Q2 financial results for the quarter ending June 30, 2022, after market close on August 9, 2022. A conference call will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results, with a replay available by August 10. WM Technology operates the Weedmaps marketplace, providing eCommerce and compliance software for the cannabis industry, aiming to promote a transparent global cannabis economy.