Leafly Holdings, Inc. /DE: restructuring charge — Leafly reports FY2022 revenue up 10% to $47.4M; net income $5.1M; plans 41 layoffs

Leafly Holdings, Inc. /DE

FY2022 revenue $47.4M (+10% YoY); net income $5.1M vs net loss $12.0M in 2021.
FY2022 adjusted EBITDA loss widened to $23.2M from $9.4M in 2021; Q4 adj EBITDA loss $4.2M.
Q4 revenue flat at $12.1M; net loss $5.8M vs $5.1M in Q4 2021.
Restructuring plan: cut ~41 employees (plus 56 in Oct 2022); expects $0.7M charge in Q1 2023.
Total ending retail accounts grew 10% to 5,806.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leafly Holdings, Inc. /DE reported financial results for three months and year ended December 31, 2022.

Period: three months and year ended December 31, 2022
Result: reported results

Exact text from the filing

Leafly Holdings, Inc. (the "Company") announced its financial results for the three months and year ended December 31, 2022. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference.

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Leafly Holdings, Inc. /DE announced a restructuring with charges of approximately $0.7 million (approximately 41 employees).

Type: restructuring
Charge: approximately $0.7 million
Headcount: approximately 41 employees

Exact text from the filing

to be substantially completed by the end of the first quarter 2023. The Company currently estimates it will incur a one-time cash pre-tax restructuring charge of approximately $0.7 million in the first quarter of 2023, as a result of the Restructuring Plan, comprised primarily of one-time severance and other employee-related termination benefits. Estimated amounts

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Source: SEC EDGAR

accession 0000950170-23-008441

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