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Weedmaps Net Income Surges 312% YOY, Cash Reserves Up 31%
Tuesday, November 12, 2024 - 7:46pm | 628WM Technology, Inc. (NASDAQ:MAPS), a technology and software provider to the cannabis industry commonly known as Weedmaps, reported a significant improvement in its third-quarter 2024 financial performance. The company announced on Tuesday afternoon a 312% year-over-year surge in net income,...
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Weedmaps Reports YoY Improvements In Adjusted EBITDA, Reports Drop In Q1 Revenue
Tuesday, May 28, 2024 - 11:08am | 632WM Technology, Inc. (NASDAQ:MAPS) – also known as Weedmaps – announced its first quarter financial results on Friday for the three months ended March 31, 2024 and the full year ending December 31, 2023. "I am proud of the progress and results our team was able to deliver to start the...
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Weed-Focused Tech Company Reports Positive Adjusted EBITDA In Q2, What About Net Income?
Wednesday, August 9, 2023 - 8:55am | 484Cannabis-focused tech company WM Technology, Inc. (NASDAQ: MAPS) released its financial results for the second quarter ended June 30, 2023, disclosing revenue of $50.9 million, compared to $48.0 million in the previous quarter and $58.3 million in the same period last year. “Our second...
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Weedmaps Stock Trading Higher On FY22 Revenue Growth Of 11%
Friday, March 17, 2023 - 7:57am | 639WM Technology, Inc. (NASDAQ: MAPS) revenue was $215.5 million for the year ended December 31, 2022, an increase of 11% compared to $193.1 million in the prior year. Q4 2022 Financial Highlights Revenue was $49.3 million, a decrease of 9% compared to $54.2 million in the fourth quarter of 2021....
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Weedmaps Cuts 25% Of Staff 'To Drive Line Of Sight To Profitability'
Wednesday, December 7, 2022 - 11:03am | 534WM Technology Inc. (NASDAQ: MAPS) recently cut 25% of its workforce, or 175 employees. The layoffs come on the heels of Weed Maps CEO Chris Beals' stepping down on Nov. 7. Doug Francis, a WM Technology co-founder, is now running the company on an interim basis. "The decision to eliminate...
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Key Cannabis Exec Changes You Need To Know About: Who's Florida's New MMJ Czar & More Industry Appointments
Friday, November 18, 2022 - 6:43pm | 665Florida Gets New MMJ Czar Florida Department of Health’s officials recently revealed that Christopher Phillip Kimball agreed to serve as the state’s Office of Medical Marijuana Use, succeeding Chris Ferguson, who served for the past three years. The agency’s spokeswoman Weesam...
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WM Technology: Analyst Lowers Price Target To $5.00 But Stays Overweight
Wednesday, November 9, 2022 - 12:21am | 933WM Technology, Inc.(NASDAQ: MAPS) reported its financial results on Monday for the third quarter that ended September 30, 2022, and a leadership transition to position the Company for its next phase of growth. "Trends Getting Worse; CEO Departs, But We Stay OW on Franchise Strength,...