{"schema_version":"secwatch.filing_event.v1","accession":"0001779474-24-000021","form_type":"8-K","ticker":"MAPS","cik":"0001779474","company_name":"WM TECHNOLOGY, INC.","filed_at":"2024-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.055299+00:00","generated_at":"2026-06-01T08:47:35.130277+00:00","sec_items":["2.02","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WM Technology restates 2023 quarterly results due to revenue recognition error; reports Q1 2024 net income of $2.0M","bullets":["Non-reliance on Q1, Q2, Q3 2023 financials; revenue overstated by $1.6M, $4.0M, $5.1M respectively with no impact to operating or net income.","Q1 2024 net income of $2.0M vs net loss of $4.0M YoY; Adjusted EBITDA $9.6M vs $7.1M YoY.","Q1 2024 revenue $44.4M down 4% YoY; average monthly paying clients 4,937 (-13% YoY).","Cash $35.7M as of March 31, 2024, up 38% from $25.9M a year ago.","Company now current on SEC and Nasdaq periodic reporting requirements with filings of 10-K and 10-Q."],"urls":{"canonical":"https://secwatch.observer/filing/0001779474-24-000021","json":"https://secwatch.observer/filing/0001779474-24-000021.json","markdown":"https://secwatch.observer/filing/0001779474-24-000021.md","text":"https://secwatch.observer/filing/0001779474-24-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1779474/000177947424000021/0001779474-24-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1779474/000177947424000021/maps-20240520.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T08:47:35.130277+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}