WM Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 01:40 am IST
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WM Technology, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 50.85 million compared to USD 58.29 million a year ago. Net income was USD 1.23 million compared to USD 11.69 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.13 a year ago.
For the six months, sales was USD 98.86 million compared to USD 115.75 million a year ago. Net loss was USD 1.25 million compared to USD 2.2 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
WM Technology, Inc. operates the online cannabis marketplace for consumers together with a set of eCommerce and compliance software solutions for cannabis businesses, which are sold to retailers and brands in the United States and Canadian cannabis markets. The Company's business primarily consists of its commerce-driven marketplace (Weedmaps), and its fully integrated suite of end-to-end software-as-a-service (SaaS) solutions software offering (Weedmaps for Business). The Weedmaps marketplace provides cannabis consumers with information regarding cannabis retailers and brands. In addition, the Weedmaps marketplace aggregates data from a variety of sources, including retailer point-of-sale solutions to provide consumers to browse by strain, price, cannabinoids and other information regarding locally available cannabis products, through the Company's website and mobile apps. Its subscription package includes WM Listings, WM Listings, WM Listings, WM Connectors and WM Insights.
WM TECHNOLOGY, INC. 
