WM Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:26 pm EST
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WM Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 47.73 million compared to USD 50.5 million a year ago. Net loss was USD 1.54 million compared to USD 5.16 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.06 a year ago.
For the nine months, sales was USD 146.58 million compared to USD 166.25 million a year ago. Net loss was USD 2.79 million compared to USD 7.37 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.09 a year ago.
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.
WM TECHNOLOGY, INC. 
