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WM Technology(MAPS) - 2021 Q2 - Quarterly Report
2021-08-13 20:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q _______________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition peri ...
WM Technology(MAPS) - 2021 Q2 - Earnings Call Transcript
2021-08-12 22:33
Financial Data and Key Metrics Changes - Q2 2021 revenue reached $47 million, representing a 21% year-over-year growth, and a 55% growth when excluding Canadian revenue from last year [7][50] - Gross profit for Q2 was $45 million, reflecting a 96% margin rate, with a slight margin expansion of 70 basis points year-over-year [61] - Adjusted EBITDA for Q2 was $9 million, showing a decline compared to the previous year due to operational expense investments [61][62] Business Line Data and Key Metrics Changes - The Weedmaps marketplace and WM business software offerings both contributed to revenue growth, with the featured listings product accounting for 55% of Q2 gross revenue [51][53] - Average monthly revenue per paying client in the US increased by 21% year-over-year, with a 28% growth in paying clients [54] Market Data and Key Metrics Changes - The company has over 4,300 paying clients, with an average spend of approximately $3,600 per month [17] - There are over 12 million monthly active users, with 90% consuming cannabis at least once a week [18] Company Strategy and Development Direction - The company aims to establish the Weedmaps marketplace as the center of commerce for cannabis consumers and WM business as the preferred software solution for cannabis businesses [15][24] - Focus on expanding client acquisition through promotional offers and targeted outreach, while enhancing product offerings to drive cross-product adoption [20][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the cannabis market's growth, citing the legalization momentum and the potential for new market openings [39][40] - The company anticipates total revenue growth of $205 million for the full year, with a focus on Q4 for significant growth [72][74] Other Important Information - The company ended Q2 with $92 million in cash and no financial debt, providing flexibility for future investments [69] - The DOJ has withdrawn a subpoena related to a previous investigation, which management views positively for future compliance and growth [38] Q&A Session Summary - No specific questions or answers were documented in the provided content [77]
WM Technology(MAPS) - 2021 Q2 - Earnings Call Presentation
2021-08-12 22:07
wm technology WM Technology, Inc. Q2 2021 Quarterly Results August 12, 2021 Disclaimer This presentation is crowided for firomational purposes only and has been presenced to askist interested paysist interested partibles with researcts WMT gehoplaces ("W) Tr nopresentations or warranties, exquess or inqtification givenin, or in respect of this presentation T other ulast extent perinted by liew in no circumstances will WM, any o diverton, offices, en produces, advisor or agents be responsibleon liables or an ...
WM Technology(MAPS) - 2021 Q1 - Quarterly Report
2021-05-13 20:01
Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-39021 Silver Spike Acquisition Corp. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION New York, New York 10065 (Address ...
WM Technology(MAPS) - 2020 Q4 - Annual Report
2021-03-08 23:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-39021 SILVER SPIKE ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Other Juri ...
WM Technology(MAPS) - 2020 Q3 - Quarterly Report
2020-11-13 22:11
For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 to Commission File No. 001-39021 Silver Spike Acquisition Corp. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jur ...
WM Technology(MAPS) - 2020 Q2 - Quarterly Report
2020-08-08 01:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to Commission File No. 001-39021 Silver Spike Acquisition Corp. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Cayman Islands N/A (State or other jurisdic ...
WM Technology(MAPS) - 2020 Q1 - Quarterly Report
2020-05-12 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39021 Silver Spike Acquisition Corp. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 600 Madison Ave, 17th Floor New York, New York 10022 For the ...
WM Technology(MAPS) - 2019 Q4 - Annual Report
2020-03-30 20:17
FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-39021 SILVER SPIKE ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Other Juri ...
WM Technology(MAPS) - 2019 Q3 - Quarterly Report
2019-11-13 22:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39021 Silver Spike Acquisition Corp. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jur ...