secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001779474-23-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WM Technology Q3 2023 revenue $47.7M (-5.5% YoY); net loss narrows to $2.5M, Adj EBITDA $10.7M
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- Revenue $47.7M vs $50.5M YoY; average paying clients 5,414 (‑162 YoY), ARPU $2,938 (‑$81).
- Net loss $2.5M (‑$0.02 EPS) vs loss of $10.5M (‑$0.11) in prior year; adjusted EBITDA $10.7M vs –$9.6M.
- Cash $27.7M, zero debt; total shares outstanding 149.4M (Class A + Class V).
- Management cites operational efficiency and disciplined execution in constrained cannabis end markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947423000075/0001779474-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947423000075/maps-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001779474-23-000075

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