secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001779474-24-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000041/0001779474-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000041/maps-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001779474-24-000041

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