Welcome to our dedicated page for Wm Technology news (Ticker: MAPS), a resource for investors and traders seeking the latest updates and insights on Wm Technology stock.
WM Technology, Inc. (Nasdaq: MAPS) is a marketplace and technology solutions provider to the cannabis industry, and its news flow reflects both its role in this sector and its status as a publicly traded software publisher. The company operates Weedmaps, which it describes as a leading cannabis marketplace for consumers, and offers eCommerce and compliance software tools for cannabis businesses and brands in U.S. state-legal markets.
News updates for WM Technology commonly include quarterly and annual financial results, where the company reports revenue, net income, Adjusted EBITDA, cash balances, and key operating metrics such as average monthly paying clients and average monthly revenues per paying client. Management commentary in these releases often discusses operating conditions in core and emerging cannabis markets, client marketing budgets, and the company’s focus on cost discipline and profitability.
Investors and followers of MAPS can also expect news about webcasts and conference calls for earnings announcements, as WM Technology regularly schedules and archives earnings webcasts. Additional news items may cover corporate governance developments, such as board of directors changes, annual meeting voting results, and any indications of interest or proposals related to potential transactions, as documented in company communications.
Because WM Technology positions itself as an advocate for full U.S. cannabis legalization, social equity, and cannabis education, its news may also highlight advocacy-related initiatives and partnerships. For those tracking the cannabis technology space, the MAPS news page offers a centralized view of WM Technology’s financial disclosures, strategic commentary, and corporate updates, and can be revisited to follow how the company responds to ongoing industry challenges and opportunities.
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WM Technology (NASDAQ: MAPS), a leader in cannabis technology solutions, will disclose its first-quarter financial results for the period ending
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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.
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.