Leafly's Q2 2023 Earnings Report Highlights Positive EBITDA Amid Revenue Dip
Portfolio Pulse from Nicolás Jose Rodriguez
Leafly Holdings Inc. (NASDAQ:LFLY) reported Q2 2023 financial results with $10.7 million in revenue, an 11% decline from the same period last year. However, the company had a positive adjusted EBITDA of $0.1 million. For Q3 2023, Leafly forecasts revenue of approximately $11 million, with an anticipated adjusted EBITDA loss of around $0.5 million.
August 10, 2023 | 10:32 pm
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NEUTRAL IMPACT
Leafly's Q2 2023 earnings report shows a decline in revenue but a positive adjusted EBITDA. The company's Q3 2023 forecast indicates a potential increase in revenue but a possible EBITDA loss.
Leafly's Q2 2023 earnings report shows a decline in revenue, which could negatively impact the stock. However, the positive EBITDA indicates operational profitability, which could be a positive sign for investors. The Q3 2023 forecast shows a potential increase in revenue, which could positively impact the stock, but the anticipated EBITDA loss could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100