WM Technology (NASDAQ:MAPS) Releases Earnings Results

WM Technology (NASDAQ:MAPS) announced its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06), RTT News reports. WM Technology had a return on equity of 1.51% and a net margin of 1.12%. The firm had revenue of $38.48 million during the quarter, compared to the consensus estimate of $40.70 million. During the same quarter in the prior year, the business posted $0.02 EPS.

WM Technology Price Performance

Shares of MAPS traded down $0.09 on Tuesday, reaching $0.19. 2,810,485 shares of the stock traded hands, compared to its average volume of 1,068,630. The stock’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.46. The firm has a market cap of $29.84 million, a price-to-earnings ratio of 9.38 and a beta of 1.04. WM Technology has a 12 month low of $0.18 and a 12 month high of $1.21.

WM Technology Company Profile

WM Technology, Inc, doing business as Weedmaps, operates a technology platform serving the legal cannabis industry. Its principal consumer platform, Weedmaps, helps customers discover licensed cannabis retailers, brands, products and delivery services, while providing businesses with digital marketing and customer-engagement tools.

The company also offers software and technology solutions for cannabis retailers and brands through its WM Business operations. These services are designed to support online listings, menus, ordering, advertising, customer relationship management and other aspects of retail operations.

Weedmaps was founded in 2008 by Doug Francis and Justin Hartfield.