secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001779474-23-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947423000033/0001779474-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947423000033/maps-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001779474-23-000033

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