secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001779474-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947423000021/0001779474-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947423000021/maps-20230316.htm
  HTML page:      https://secwatch.observer/filing/0001779474-23-000021

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