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WM Technology(MAPS) - 2025 Q1 - Earnings Call Presentation
2025-05-08 21:19
WM Technology, Inc. Q1 2025 Results Disclaimer This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to WM Technology, Inc. ("WM", the "Company", "we", "us", "our") and for no other purpose. References in this presentation to the "10- Q" refer to the Quarterly Report on Form 10-Q for the period ended March 31, 2025 to be filed with the Securities and Exchange Commission (the "SEC"). No representations or w ...
WM Technology(MAPS) - 2025 Q1 - Quarterly Report
2025-05-08 20:41
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 March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition per ...
WM Technology(MAPS) - 2025 Q1 - Quarterly Results
2025-05-08 20:35
Exhibit 99.1 WM Technology, Inc. Reports First Quarter 2025 Financial Results Q1 2025 Net Income was $2.5 million, an Increase of 27% year-over-year Tenth Consecutive Quarter of Adjusted EBITDA Profitability IRVINE, Calif.--(BUSINESS WIRE)--May 8, 2025 --WM Technology, Inc. ("WM Technology" or the "Company") (Nasdaq: MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced its financial results for the first quarter ended March 31, 2025. "Our first quarter res ...
ProStar Holdings Announces Non-Brokered Private Placement
Globenewswire· 2025-05-05 21:13
Core Viewpoint - ProStar Holdings Inc. is conducting a non-brokered private placement to raise gross proceeds of up to C$750,000 [1] Group 1: Offering Details - The Offering will consist of up to 5,357,143 units priced at C$0.14 per Unit, each Unit includes one common share and one warrant [2] - Each warrant allows the holder to acquire one common share at C$0.20 for 36 months, with an acceleration clause if the share price exceeds C$0.30 for ten consecutive trading days [2] - ProStar plans to use the proceeds for sales, marketing, and working capital [3] Group 2: Participation and Regulatory Aspects - Directors and officers of ProStar will participate in the Offering, which is considered a related party transaction but is exempt from formal valuation and minority shareholder approval [4] - The securities issued will have a hold period of 4 months and one day, and the Offering is subject to regulatory approval from the TSX Venture Exchange [5] Group 3: Company Overview - ProStar is a leader in Precision Mapping Solutions, integrating modern GPS, cloud, and mobile technologies [7] - The flagship product, PointMan, enhances workflow processes for managing critical infrastructure assets [8] - ProStar has a significant intellectual property portfolio, including several patents in the U.S. and Canada [9]
WM Technology: Speculative Upside With Or Without Take-Private Offer
Seeking Alpha· 2025-04-28 03:25
Company Overview - WM Technology, Inc. operates an online marketplace and data aggregator specifically for the cannabis industry, known as Weedmaps, which facilitates education and compliant transactions for users and vendors [1]. Market Position - The platform allows users to learn about cannabis products while enabling vendors to sell their products in a compliant manner, indicating a strong positioning within the cannabis market [1].
ProStar and Pix4D Partner to Provide Precision 3D Augmented Reality of Critical Underground Infrastructure Worldwide
Globenewswire· 2025-04-09 12:02
Core Insights - ProStar Holdings Inc. has formed a strategic partnership with Pix4D to enhance its Precision Mapping Solutions, integrating ProStar's PointMan with Pix4D's 3D modeling technology for improved underground infrastructure management [1][4]. Company Overview - ProStar is a leading software company specializing in cloud and mobile mapping solutions for critical infrastructure, with its flagship product, PointMan, designed to manage above- and below-ground assets [6][7]. - Pix4D, based in Switzerland, develops end-to-end mapping solutions that utilize advanced algorithms for creating survey-grade georeferenced maps and models [5]. Partnership Details - The collaboration aims to deliver a user-friendly mobile solution that allows professionals in construction, engineering, and utilities to visualize and manage buried infrastructure with high accuracy and efficiency [2][4]. - The integration of PointMan and Pix4D's technology is expected to enhance operational efficiency, reduce risks, and improve safety for organizations globally [4]. Technological Advancements - The combined technologies will provide a mobile-friendly solution that offers real-time 3D mapping capabilities, enabling users to visualize subsurface assets directly from their smartphones [2][4]. - ProStar's strategy includes forming alliances with industry leaders to create a powerful and cost-effective precision mapping solution, leveraging partners' distribution networks [3].
ProStar Announces Global Commercial Strategy with Radiodetection to Deliver Precision Utility Mapping
Globenewswire· 2025-04-08 12:00
Core Viewpoint - ProStar Holdings Inc. has announced a strategic collaboration with Radiodetection to enhance the global critical buried infrastructure industry through integrated mapping solutions [1][2]. Group 1: Strategic Collaboration - The partnership combines Radiodetection's RD82 series locating devices with ProStar's PointMan, creating a comprehensive solution for utility locating [1][3]. - This collaboration aims to simplify operations, reduce costs, and enhance workflows in the construction industry by utilizing high-precision geospatial data [2][4]. Group 2: Product Integration - Radiodetection will market ProStar's PointMan as the preferred mapping solution for its utility locating equipment, including the RD8200SG with integrated RTK technology [3][4]. - The integration allows field crews to build high-precision digital maps of underground infrastructure in real-time, significantly reducing the complexity and time associated with traditional mapping methods [4][5]. Group 3: Industry Impact - The collaboration addresses the global issue of utility location, which is critical for public and environmental safety, aligning with both companies' missions to enhance safety protocols and reduce risks [5][6]. - ProStar's CEO emphasized that this partnership will accelerate global reach and adoption across multiple industry sectors [5][8].
ProStar and Emlid Partner to Deliver Centimeter Accuracy for Critical Infrastructure Mapping Worldwide
Globenewswire· 2025-03-31 12:00
Core Viewpoint - ProStar Holdings Inc. has partnered with Emlid Tech Kft. to enhance its PointMan® Precision Mapping Solutions® by integrating Emlid's high-precision GNSS equipment, aiming to provide affordable centimeter-level precision for mapping underground utilities and critical infrastructure [1][3]. Group 1: Partnership and Technology Integration - The strategic partnership aims to combine ProStar's PointMan platform with Emlid's GNSS receivers, enabling users to achieve affordable centimeter-accurate mapping solutions globally [3][4]. - ProStar is actively forming alliances with industry leaders to integrate top technologies into PointMan, enhancing its capabilities and driving revenue through partners' distribution networks [2][5]. Group 2: Product Features and Benefits - Emlid's Reach RX and Reach RS3 receivers offer lightweight, cost-efficient solutions for precision mapping, with the Reach RX being a pocket-sized RTK GNSS receiver that requires no configuration [4][6]. - PointMan, enhanced with Point One RTK corrections, utilizes over 2,000 base stations and major satellite constellations to provide a user-friendly mobile mapping solution [4][5]. Group 3: Company Background - ProStar specializes in cloud and mobile mapping solutions for the critical infrastructure sector, with its flagship product, PointMan, designed to streamline the management of utility and pipeline assets [7][8]. - Emlid develops high-precision RTK GNSS receivers and software, catering to various applications including surveying, GIS, and drone mapping, with a global distribution network [6].
WM Technology(MAPS) - 2024 Q4 - Earnings Call Transcript
2025-03-14 13:36
Financial Data and Key Metrics Changes - For Q4 2024, the company reported revenue of $47.7 million and adjusted EBITDA of $11.9 million, bringing full-year revenue to $184.5 million and adjusted EBITDA to $42.9 million, reflecting a focus on profitability despite industry headwinds [10][28] - The net income for Q4 was $3.7 million, compared to a net loss of $11.2 million in Q4 2023, indicating a significant turnaround [27] - Full-year net income was $12.2 million, compared to a net loss of $15.7 million in 2023, showcasing improved financial health [30] Business Line Data and Key Metrics Changes - Average monthly paying clients in Q4 reached 5,225, a 4% increase year-over-year, driven by new client acquisition and reactivation [25] - The average monthly revenue per paying client decreased by 2% to $3,041 due to clients' marketing budget constraints [26] - Full-year average monthly paying clients declined to 5,077 from 5,419 in the prior year, primarily due to client churn and the sunset of certain products [29] Market Data and Key Metrics Changes - The company noted ongoing pricing and regulatory pressures in mature markets like California, while newer markets such as New York and Florida face their own challenges [12][13] - The impact of emerging markets remains small, but the company is committed to developing these markets despite current limitations [14] Company Strategy and Development Direction - The company plans to prioritize investments in technology and marketing to strengthen the Weedmaps platform and unlock future growth opportunities [15][34] - Key initiatives include expanding into the hemp, head shop, and homegrown seed markets, which are seen as natural extensions of the existing marketplace [16][17] - The company emphasizes the need for collaboration across all departments to enhance the marketplace and improve user experience [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the cannabis industry continues to face significant challenges, including regulatory uncertainty and competition from illicit markets [12][20] - The company remains hopeful for long-term market stabilization and is focused on operational improvements to navigate these challenges [15][19] - Management criticized government regulations, stating that they hinder the industry's growth and called for smarter regulation to support market development [21][22] Other Important Information - The company ended 2024 with a strong balance sheet, closing with $52 million in cash and a debt-free position, providing flexibility for strategic growth initiatives [31][32] - The company generated $17.6 million in cash for the full year, aided by effective accounts receivable management [31] Q&A Session Summary Question: What are the expectations for Q1 2025 revenues? - The company expects Q1 revenues to be approximately $44 million, consistent with prior year results, and non-GAAP adjusted EBITDA to be around $7 million [34][35]
WM Technology(MAPS) - 2024 Q4 - Earnings Call Transcript
2025-03-13 22:37
WM Technology, Inc. (NASDAQ:MAPS) Q4 2024 Results Conference Call March 13, 2025 5:00 PM ET Company Participants Simon Yao - Director, Investor Relations Doug Francis - Chief Executive Officer Susan Echard - Chief Financial Officer Operator Good afternoon, everyone. And welcome to WM Technology, Inc. Fourth Quarter and full year 2024 earnings conference call. All participants will be in a listen-only mode for the duration of the call. I would now like to turn the call over to your host, Simon Yao, Director ...