WM Technology, Inc. Provides Earnings Guidance for the Fourth Quarter and Year Ending December 31, 2021
November 11, 2021 at 09:10 pm
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WM Technology, Inc. provides earnings guidance for the fourth quarter and year ending December 31, 2021. For the quarter, the company expects revenue to be in the range of $50 million to $52 million, which implies year-over-year percentage growth of low to high teens on a reported basis, and high 20s to low 30s growth in the U.S. alone.
For the year, the company expects revenue to be in the range of $189 million to $191 million, which represents year-over-year percentage growth in the high teens on a reported basis and mid-40s for the U.S. alone.
WM Technology, Inc. operates the online cannabis marketplace for consumers together with a set of eCommerce and compliance software solutions for cannabis businesses, which are sold to retailers and brands in the United States and Canadian cannabis markets. The Company's business primarily consists of its commerce-driven marketplace (Weedmaps), and its fully integrated suite of end-to-end software-as-a-service (SaaS) solutions software offering (Weedmaps for Business). The Weedmaps marketplace provides cannabis consumers with information regarding cannabis retailers and brands. In addition, the Weedmaps marketplace aggregates data from a variety of sources, including retailer point-of-sale solutions to provide consumers to browse by strain, price, cannabinoids and other information regarding locally available cannabis products, through the Company's website and mobile apps. Its subscription package includes WM Listings, WM Listings, WM Listings, WM Connectors and WM Insights.
WM TECHNOLOGY, INC. 
