WM Technology Q2 2024: Revenue $45.9M (-5% YoY), net income $1.2M; executive departures announced

WM TECHNOLOGY, INC.

Net revenues $45.9M, down 5% YoY; net income $1.2M vs $2.0M prior year.
Adjusted EBITDA $10.1M; average monthly paying clients 5,045 vs 5,609 prior year.
Cash increased to $41.3M from $34.4M at Dec 31, 2023.
Director Fiona Tan resigns effective Sep 30, 2024; no disagreement with company.
CTO Duncan Grazier separation: 9 months base salary plus 75% of 2024 target bonus, COBRA, RSU vesting acceleration.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Duncan Grazier

Chief Technology Officer

MAPS · WM TECHNOLOGY, INC.

Effective: 2024-07-31
Filed: August 8, 2024, 7:59 PM ET

on July 17, 2024, Duncan Grazier, the Chief Technology Officer of the Company, tendered his resignation from his role as Chief Technology Officer, effective July 31, 2024.

Departed

Fiona Tan

Director

MAPS · WM TECHNOLOGY, INC.

Effective: 2024-09-30
Filed: August 8, 2024, 7:59 PM ET

On August 2, 2024 , Fiona Tan notified WM Technology, Inc. (the “Company”) of her decision to resign as a member of the Company’s board of directors (the “Board”), the Nominating and Corporate Governance Committee of the Board and the Technology Committee of the Board, of which she was the Chairperson, effective September 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Duncan Grazier resigned as Chief Technology Officer at WM TECHNOLOGY, INC..

Action: resigned
Role: Chief Technology Officer

Exact text from the filing

on July 17, 2024, Duncan Grazier, the Chief Technology Officer of the Company, tendered his resignation from his role as Chief Technology Officer, effective July 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Fiona Tan resigned as Director at WM TECHNOLOGY, INC..

Action: resigned
Role: Director

Exact text from the filing

On August 2, 2024 , Fiona Tan notified WM Technology, Inc. (the “Company”) of her decision to resign as a member of the Company’s board of directors (the “Board”), the Nominating and Corporate Governance Committee of the Board and the Technology Committee of the Board, of which she was the Chairperson, effective September 30, 2024.

View on SEC.gov

WM TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001779474-24-000041

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