Leafly Q1 2024: Revenue $9.0M, net loss $2.4M, hires advisors for strategic alternatives

Leafly Holdings, Inc. /DE

2024-Q1 EPS reported -$1.09 revenue$9,048,000

Q1 revenue $9.0M, down 20% YoY from $11.2M; retail revenue $7.9M, brand $1.2M.
Net loss narrowed to $2.4M from $5.4M YoY; adjusted EBITDA loss $0.9M vs $3.3M.
Operating expenses reduced 34% YoY to $9.8M; gross margin improved to 89%.
Cash ended at $14.1M, down $1.2M from Q4 2023; cash burn continues.
Engaged PGP and Benchmark to explore financing and strategic opportunities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Leafly Holdings, Inc. /DE reported the three months ended March 31, 2024 results: revenue $9.0 million, net income $2.4 million.

Period: the three months ended March 31, 2024
Revenue: $9.0 million
Net income: $2.4 million
Result: reported results

Exact text from the filing

Delivered Q1 2024 revenue of $9.0 million Reported net loss of $2.4 million

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Source: SEC EDGAR

accession 0000950170-24-056864

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