Weedmaps Reports YoY Improvements In Adjusted EBITDA, Reports Drop In Q1 Revenue
Weedmaps Reports YoY Improvements In Adjusted EBITDA, Reports Drop In Q1 Revenue
WM Technology, Inc. (NASDAQ:MAPS) – also known as Weedmaps – announced its first quarter financial results on Friday for the three months ended March 31, 2024 and the full year ending December 31, 2023.
威马科技公司(纳斯达克股票代码:MAPS)(也称为Weedmaps)于周五公布了截至2024年3月31日的三个月和截至2023年12月31日的全年第一季度财务业绩。
"I am proud of the progress and results our team was able to deliver to start the year, and more importantly, we are pleased that the net effects of our revenue recognition review were relatively minimal," said Doug Francis, executive chair of WM Technology. "We believe our continued focus on developing strong client relationships and commitment to operational efficiency have positioned the Company to continue to profitably build its base of quality clients in this dynamic industry over time."
WM Technology执行主席道格·弗朗西斯表示:“我为我们的团队在年初能够取得的进展和成果感到自豪,更重要的是,我们很高兴收入确认审查的净影响相对较小。”“我们相信,随着时间的推移,我们持续专注于发展牢固的客户关系和对运营效率的承诺,使公司能够继续在这个充满活力的行业中以盈利的方式建立其优质客户基础。”
Q1 2024 Financial Highlights
2024 年第一季度财务摘要
- Revenue was $44.4 million as compared to $46.4 million in the first quarter of 2023. The company attributed the slight drop in revenue to "our clients continuing to face constrained marketing budgets and the ongoing consolidation of our industry."
- Average monthly paying clients of 4,937 dropped from 5,641 in the prior year period.
- Average monthly revenue per paying client increased to $2,997 from $2,743 in the prior year period.
- Net income increased to $2 million as compared to a net loss of $4 million in the prior year period.
- Adjusted EBITDA increased to $9.6 million from $7.1 million in the prior year period.
- Total shares outstanding across Class A and Class V Common Stock were 150.5 million as of March 31, 2024.
- Cash increased to $35.7 million as of March 31, 2024, as compared to $25.9 million from March 31, 2023.
- 收入为4,440万美元,而2023年第一季度为4,640万美元。该公司将收入略有下降归因于 “我们的客户继续面临有限的营销预算和行业的持续整合”。
- 平均月付费用客户为4,937人,低于去年同期的5,641人。
- 每位付费客户的平均月收入从上一年的2743美元增加到2,997美元。
- 净收入增至200万美元,而去年同期的净亏损为400万美元。
- 调整后的息税折旧摊销前利润从去年同期的710万美元增至960万美元。
- 截至2024年3月31日,A类和V类普通股的已发行总股数为1.505亿股。
- 截至2024年3月31日,现金增至3570万美元,而自2023年3月31日起的现金为2590万美元。
See also: Unparalleled 4/20: Weedmaps Unveils Consumer Trends Ahead Of Cannabis Industry's Biggest Holiday
另见:无与伦比的4/20:Weedmaps在大麻行业最大的节日之前公布了消费者趋势
As yet another earnings reporting season wraps upit is important to understand what these figures mean for the future of the industry. Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
随着又一个财报季的结束,了解这些数字对该行业的未来意味着什么非常重要。在将于10月8日至9日在芝加哥举行的第19届Benzinga大麻资本会议上,直接听取高层管理人员、投资者和决策者的意见。点击此链接,立即在价格飙升之前获取门票。
Full Year 2023 Financial Highlights
2023 年全年财务摘要
- Revenue was $188 million for the year ended Dec. 31, 2023, as compared to $215.5 million in the prior year.
- Average monthly paying clients was 5,419, as compared to 5,457 in the prior year.
- Average monthly revenue per paying client was $2,891, as compared to $3,291 in the prior year.
- Net loss was $15.7 million as compared to net loss of $82.7 million in the prior year.
- Adjusted EBITDA was $36.9 million as compared to an adjusted EBITDA loss of $9.6 million in the prior year.
- In the meantime, the company had announced earlier that its earnings would be delayed as a result of personnel changes in its executive finance leadership and "an inadequate policy associated with its revenue recognition."
- 截至2023年12月31日的年度收入为1.88亿美元,而去年同期为2.155亿美元。
- 平均月付费客户为5,419人,而去年为5,457人。
- 每位付费客户的平均月收入为2,891美元,而去年同期为3,291美元。
- 净亏损为1,570万美元,而上一年的净亏损为8,270万美元。
- 调整后的息税折旧摊销前利润为3,690万美元,而去年调整后的息税折旧摊销前利润亏损为960万美元。
- 同时,该公司早些时候宣布,由于其执行财务领导层的人事变动以及 “与收入确认相关的政策不足”,其收益将推迟。
"With the filing of our 10-K and 10-Q, we will be current with our SEC and Nasdaq listing requirements and look forward to resuming our quarterly reporting cadence," Susan Echard, interim CFO of WM Technology, said. "Building upon our progress in 2023, we are excited to see the effects of our streamlining efforts with year-over-year improvements to our Adjusted EBITDA and cash balance during the first quarter."
威马科技临时首席财务官苏珊·埃查德表示:“随着10-K和10季度的提交,我们将及时了解美国证券交易委员会和纳斯达克的上市要求,并期待恢复季度报告节奏。”“在2023年取得进展的基础上,我们很高兴看到我们的精简工作所产生的影响,第一季度调整后的息税折旧摊销前利润和现金余额同比改善。”
MAPS Price Action
MAPS 价格走势
WM Technology's shares traded 7.4412% higher at $0.9539 per share at the time of writing on Tuesday morning.
截至周二上午撰写本文时,威马科技的股价上涨7.4412%,至每股0.9539美元。