WM Technology posts Q3 net income $5.3M, up 312% YoY; names Doug Francis CEO

WM TECHNOLOGY, INC.

Net income of $5.3M up 312% YoY from net loss of $2.5M; revenue $46.6M flat YoY.
Adjusted EBITDA $11.3M, eighth consecutive quarter of positive Adjusted EBITDA.
Cash increased to $45.0M from $34.4M at year-end 2023; debt-free balance sheet.
Doug Francis appointed CEO (previously Executive Chair) effective Nov 7, 2024; Susan Echard made permanent CFO.
Average monthly paying clients 5,100, down 5.8% YoY; ARPU $3,043, up 5.9% YoY.

item 1.01 item 5.02 item 2.02 item 9.01

Executive movements

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

Role change

Douglas Francis

Chief Executive Officer

MAPS · WM TECHNOLOGY, INC.

Effective: 2024-11-07
Filed: November 12, 2024, 6:59 PM ET

On November 7, 2024, the Board approved the appointment of Douglas Francis, age 47, to serve as Chief Executive Officer of the Company, effective as of November 7, 2024.

Role change

Susan Echard

Chief Financial Officer

MAPS · WM TECHNOLOGY, INC.

Effective: 2024-11-07
Filed: November 12, 2024, 6:59 PM ET

On November 7, 2024, the Board approved the appointment of Ms. Echard as the Company’s permanent Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas Francis was appointed as Chief Executive Officer at WM TECHNOLOGY, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On November 7, 2024, the Board approved the appointment of Douglas Francis, age 47, to serve as Chief Executive Officer of the Company, effective as of November 7, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Susan Echard was appointed as Chief Financial Officer at WM TECHNOLOGY, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 7, 2024, the Board approved the appointment of Ms. Echard as the Company’s permanent Chief Financial Officer.

View on SEC.gov

WM TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001779474-24-000058

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