WM Technology, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year Ending December 31, 2022
February 23, 2022 at 04:02 pm EST
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WM Technology, Inc. provided earnings guidance for the first quarter and fiscal year ending December 31, 2022. The company expects revenue to be between $255 million and $265 million, which represents 32%-37% growth.
For the first quarter the company expects revenue between $54 million and $56 million, which represents 31%-36% growth.
WM Technology, Inc. operates the online cannabis marketplace for consumers together with a set of eCommerce and compliance software solutions for cannabis businesses, which are sold to retailers and brands in the United States and Canadian cannabis markets. The Company's business primarily consists of its commerce-driven marketplace (Weedmaps), and its fully integrated suite of end-to-end software-as-a-service (SaaS) solutions software offering (Weedmaps for Business). The Weedmaps marketplace provides cannabis consumers with information regarding cannabis retailers and brands. In addition, the Weedmaps marketplace aggregates data from a variety of sources, including retailer point-of-sale solutions to provide consumers to browse by strain, price, cannabinoids and other information regarding locally available cannabis products, through the Company's website and mobile apps. Its subscription package includes WM Listings, WM Listings, WM Listings, WM Connectors and WM Insights.