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Is A 1500% Increase Possible? The Bull Case For This Cannabis Tech Stock Explained

Is A 1500% Increase Possible? The Bull Case For This Cannabis Tech Stock Explained

這隻大麻科技股票的多頭投資理由,有可能增長高達1500%?
Benzinga ·  07/19 09:46

WM Technology's(NASDAQ:MAPS) sales declined by 4.5% year-over-year and quarter-over-quarter in Q1 2024.

Average monthly paying clients decreased by 1.5% sequentially to 4,937, while average monthly revenue per client fell 1.5% to $2,997. Nevertheless, in his latest report, senior analystPablo ZuanicfromZuanic & Associatesfinds a bull case for the cannabis tech stock.

Q1 2024: Highlights

  • EBITDA margins remained above 20%, reaching 21.6% in Q1 2024 due to reduced sales and marketing expenses and improved cost efficiencies.
  • California accounted for approximately 55% of sales, with Colorado, Michigan and Oklahoma contributing about 30%.
  • The company generated $10 million in EBITDA for Q1 2024, compared to -$9 million for all of 2022. As of March...
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