WM Technology Q4 revenue $49.3M, net loss $60.8M; FY22 revenue $215.5M

WM TECHNOLOGY, INC.

Q4 revenue $49.3M (-9% YoY); net loss $60.8M vs net income $78.4M in Q4 2021.
Adjusted EBITDA $1.5M, down from $3.8M YoY; non-cash provisions reduced figure.
Average monthly paying clients hit 5,689 (+19% YoY) but ARPU fell to $2,888 from $3,789.
Full year 2022 revenue $215.5M (+12% YoY); net loss $82.7M vs net income $152.2M in 2021.
Cash $28.6M, no long-term debt; management cites challenging cannabis operating environment.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

WM TECHNOLOGY, INC. reported the fourth quarter ended December 31, 2022 results: revenue $49.3 million, net income $60.8 million, EPS $1.19.

Period: the fourth quarter ended December 31, 2022
Revenue: $49.3 million
Net income: $60.8 million
EPS: $1.19
Result: reported results

Exact text from the filing

WM Technology, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results Announces Fourth Quarter 2022 Financial Results with Revenue of $49.3 million with Full Year Revenue of $215.5 million

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WM TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001779474-23-000021

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