WM Technology Q1 revenue $48.0M, adjusted EBITDA $7.1M, net loss narrows to $4.0M

WM TECHNOLOGY, INC.

Revenue of $48.0M, down 16.5% from $57.5M in Q1 2022, reflecting lower average revenue per client.
Net loss improved to $4.0M from $31.2M in prior year; basic EPS loss $0.03.
Adjusted EBITDA turned positive at $7.1M vs. ($1.0M) in Q1 2022.
Average monthly paying clients increased 12% to 5,641; average revenue per client fell 25.5% to $2,837.
Cash $25.9M, no long-term debt; total shares outstanding 148.1M (Class A + Class V).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WM TECHNOLOGY, INC. reported first quarter ended March 31, 2023 results: revenue $48.0 million, EPS $0.03.

Period: first quarter ended March 31, 2023
Revenue: $48.0 million
EPS: $0.03
Result: reported results

Exact text from the filing

in such a filing. --- EX-99.1 (EX-99.1) --- WM Technology, Inc. Reports First Quarter 2023 Financial Results Announces First Quarter 2023 Financial Results with Revenue of $48.0 million Irvine, Calif. -- May 9, 2023 -- WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis

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Source: SEC EDGAR

accession 0001779474-23-000033

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