Weedmaps Reports YoY Improvements In Adjusted EBITDA, Reports Drop In Q1 Revenue
Portfolio Pulse from Jelena Martinovic
WM Technology, Inc. (NASDAQ:MAPS), also known as Weedmaps, reported its Q1 2024 financial results, showing a slight drop in revenue but improvements in net income and adjusted EBITDA. The company also reported a higher cash balance and an increase in average monthly revenue per paying client.
May 28, 2024 | 3:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
WM Technology, Inc. (NASDAQ:MAPS) reported a slight drop in Q1 2024 revenue but showed improvements in net income and adjusted EBITDA. The company's shares traded 7.44% higher following the announcement.
Despite a slight drop in revenue, the significant improvements in net income and adjusted EBITDA are positive indicators for investors. The market reacted positively, with shares trading 7.44% higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100