Weed-Focused Tech Company Reports Positive Adjusted EBITDA In Q2, What About Net Income?
Portfolio Pulse from Nina Zdinjak
WM Technology, Inc. (NASDAQ:MAPS), a cannabis-focused tech company, reported Q2 2023 financial results with revenue of $50.9 million, compared to $48.0 million in the previous quarter and $58.3 million in the same period last year. The company reported a net income of $2.0 million and an adjusted EBITDA gain of $10.2 million. The company's shares were trading 3.33% higher at $1.24 during Wednesday’s pre-market session.
August 09, 2023 | 12:56 pm
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WM Technology reported positive Q2 2023 results with increased revenue and net income. The company's shares were trading higher in the pre-market session.
WM Technology reported increased revenue and net income for Q2 2023, indicating a positive financial performance. This positive news is likely to boost investor confidence, leading to an increase in the company's stock price in the short term.
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