secwatch.observer — SEC 8-K summary
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Issuer:     Leafly Holdings, Inc. /DE (—)
CIK:        0001785592
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056864
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785592/000095017024056864/0000950170-24-056864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785592/000095017024056864/lfly-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer