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WM Technology (MAPS)
NASDAQ:MAPS
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Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 127.65%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, including consecutive positive adjusted EBITDA, improved net income, and a strong cash position. However, challenges such as a slight revenue decline, decreased average monthly paying clients, and regulatory uncertainties were noted. Overall, the company remains optimistic about its strategic initiatives and future growth potential.Company Guidance
During the third quarter 2024 earnings call for WM Technology, Inc., the company reported net revenues of $46.6 million and an adjusted EBITDA of $11.3 million, marking the eighth consecutive quarter of positive adjusted EBITDA profitability. The company ended the quarter with a cash balance of $45 million and remained debt-free. Its average monthly paying clients numbered 5,100, a 6% decrease from the same period last year, while the average monthly net revenues per paying client increased by 6% to $3,043. The GAAP operating expenses decreased by 21% year-over-year, attributed to reduced costs from products sunset in the previous year and lower headcount. For the fourth quarter, WM Technology anticipates net revenues of approximately $46 million and a non-GAAP adjusted EBITDA of around $7 million.Positive Adjusted EBITDA for Eighth Consecutive Quarter
The company reported an adjusted EBITDA of $11.3 million, marking the eighth consecutive quarter of positive adjusted EBITDA profitability.
Strong Cash Position
WM Technology closed the quarter with a cash balance of $45 million and remains debt-free, providing flexibility for strategic growth initiatives.
Increased Average Monthly Net Revenue Per Client
The average monthly net revenues per paying client increased by 6% compared to the prior year, reaching $3,043.
Reduction in Operating Expenses
GAAP operating expenses declined by 21% compared to the prior year, driven by the impairment charge related to sunsetting certain products and reduced sales, marketing, and G&A expenses.
Net Income Improvement
The company reported a net income of $5.3 million, a significant improvement from a net loss of $2.5 million in Q3 of the previous year.
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MAPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MAPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.72 | $0.86 | +19.44% |
| Aug 08, 2024 | $0.94 | $0.98 | +4.26% |
| May 24, 2024 | $0.89 | $0.94 | +5.62% |
| Feb 21, 2024 | $0.94 | $0.99 | +5.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WM Technology (MAPS) report earnings?
WM Technology (MAPS) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is WM Technology (MAPS) earnings time?
WM Technology (MAPS) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAPS EPS forecast?
Currently, no data Available
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