secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001779474-24-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000058/0001779474-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000058/maps-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001779474-24-000058

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