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Benzinga
Benzinga
Business
Nina Zdinjak

MYSTERIOUS: Wm technology posts higher net loss negative adjusted ebitda in q1 - What They Never Told You

WM Technology MAPS Weedmaps WM Technology Inc Nasdaq

Cannabis tech provider WM Technology Inc. (NASDAQ:MAPS), d.b.a. Weedmaps, announced Wednesday its financial results for the first quarter ended March 31, 2022, revealing revenue growth of 40% year-over-year to $57.5 million.

 “Our first quarter results demonstrate how we’re playing offense and continuing to drive outsized growth as well as creating distance from the pack as the leading cannabis technology provider and commerce-driven marketplace. We grew our revenue 40% year-over-year to reach $57.5 million for the quarter, which was above the top end of our guidance, as we continued to grow our user and client base,” stated Chris Beals, CEO of WM Technology. “

First Quarter 2022 Financial Highlights

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