WM Tech prelim FY2023 rev $185-195M; delays 10-K on material weaknesses

WM TECHNOLOGY, INC.

2025-Q1 EPS reported $0.01 revenue$44,389,000

Prelim FY2023 revenue $185-195M; adjusted EBITDA $33-37M.
Cash $34M at Dec 31, 2023, up ~20% from $28.6M.
Delays 2023 10-K filing due to finance leadership change and expected material weaknesses.
Material weaknesses in internal controls: control environment, risk assessment, and IT controls.
Executive Chair notes industry headwinds but positive trends in cannabis legalization.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WM TECHNOLOGY, INC. reported full year 2023 results: revenue $185 million to $195 million.

Period: full year 2023
Revenue: $185 million to $195 million
Result: preliminary results

Exact text from the filing

preliminary unaudited and unreviewed financial results for the year-end 2023: Year-End 2023 Financial Highlights: • Revenue is expected to be in the range of approximately $185 million to $195 million. • Adjusted EBITDA is expected to be in the range of approximately $33 million to $37 million. • Cash totaled approximately $34 million as of December 31, 2023,

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WM TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001779474-24-000006

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