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WM Technology (MAPS)
NASDAQ:MAPS
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 3.42%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While WM Technology demonstrated sequential growth, profitability, and effective cost reduction, it continues to face substantial industry and regulatory challenges which are impacting client profitability and revenue. The company is investing in technology and expansion into adjacent markets, but the uncertainty in the regulatory landscape remains a significant hurdle.Company Guidance
During the call, WM Technology reported fiscal year 2024 revenues of $184.5 million and an adjusted EBITDA of $42.9 million, reflecting a 23% margin. The fourth quarter alone saw $47.7 million in revenue and $11.9 million in adjusted EBITDA, marking a 25% margin. The company ended the year with a strong balance sheet, featuring $52 million in cash and a debt-free status. Average monthly paying clients in Q4 2024 numbered 5,225, up 4% year-over-year, although average monthly revenue per paying client dropped by 2% to $3,041. Despite ongoing industry challenges, including regulatory pressures and client budget constraints, WM Technology exceeded its guidance for Q4 revenue and adjusted EBITDA. Looking forward to the first quarter of 2025, the company anticipates revenues of approximately $43 million and an adjusted EBITDA of around $7 million, as it invests in technology and marketing initiatives to support long-term growth.Sequential Growth and Profitability
For the fourth quarter, WM Technology delivered $47.7 million in revenue, $11.9 million in adjusted EBITDA, bringing full year revenue to $184.5 million and adjusted EBITDA of $42.9 million. The company ended the year with a strong debt-free balance sheet, closing with $52 million in cash.
Operational Discipline and Cost Reduction
GAAP OpEx decreased 27% versus the prior year Q4 results, driven by the $16 million impairment charges taken last year. Similarly, for the full year, GAAP OpEx decreased 22% compared to fiscal year 2023. Net income for the quarter was $3.7 million, compared to a net loss of $11.2 million in Q4 of last year.
Strategic Investments and Technological Advancements
WM Technology is prioritizing investments in technology and marketing to strengthen the foundation of the Weedmaps platform and unlock future opportunities. Notable initiatives include expanding into the hemp, head shop, and homegrown seed markets.
Client Base Growth and Revenue Increases
Q4 average monthly paying clients increased 4% versus the prior year period. Additionally, revenues in the fourth quarter increased sequentially and exceeded guidance, driven by growth from deal listings and display ad products.
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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 |
|---|---|---|---|
| Mar 13, 2025 | $1.17 | $1.25 | +6.84% |
| 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% |
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?
MAPS EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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