Financial Data and Key Metrics Changes - First quarter revenue was $44.6 million, a modest increase of $200,000 or 1% compared to $44.4 million in the prior year period, driven by growth in standard listings and display advertising [11][12] - Net income rose to $2.5 million from $2 million in the prior year, primarily due to mark-to-market adjustments on warrants and higher interest income [14] - Adjusted EBITDA for the first quarter was $10.1 million, exceeding expectations due to higher-than-expected revenue and lower-than-anticipated expenses [14] Business Line Data and Key Metrics Changes - Growth in standard listings increased by $400,000, while display advertising grew by $800,000, offset by a $1 million decline in revenue from featured and deal listings [11][12] - Average monthly paying clients increased by 5% year over year to 5,179, but average monthly revenue per paying client declined to $2,871 from $2,997, reflecting spending pullbacks in mature markets [12][13] Market Data and Key Metrics Changes - The cannabis industry continues to face challenges from over-taxation and competition from unregulated hemp, leading to decreased retail prices in mature markets [5][7] - Emerging markets show potential but remain subscale in the overall industry picture, with their growth not compensating for challenges in mature markets [7] Company Strategy and Development Direction - The company is focused on disciplined execution, maintaining a lean cost structure, and driving ROI-driven investments while generating cash [8] - Significant progress has been made in technology and product development, including improvements in data infrastructure and automation, as well as enhancements to the product catalog [9] - The marketing organization has been restructured to reconnect with the brand's heritage in the cannabis culture and community [9][10] Management's Comments on Operating Environment and Future Outlook - The regulatory environment remains unchanged, with no relief in sight regarding federal regulation around taxes, banking, or rescheduling [5][6] - Management remains hopeful for future movement towards federal legalization, as polling indicates strong public support [6][7] - The company expects revenues for the second quarter to be approximately $45 million, with non-GAAP adjusted EBITDA estimated at approximately $8 million [15][16] Other Important Information - GAAP operating expenses totaled $42 million, reflecting a 3% increase over the prior year, driven by higher general and administrative expenses [13] - The company ended the first quarter with a cash balance of $53.3 million, marking the seventh consecutive quarter of cash growth [14] Q&A Session Summary Question: What are the expectations for revenue growth in the upcoming quarters? - The company expects revenues for the second quarter to be approximately $45 million, indicating a cautious but positive outlook for growth [15] Question: How is the company addressing the challenges in the cannabis industry? - The company is maintaining a disciplined approach, focusing on cost management and strategic investments to navigate ongoing industry challenges [8][10]

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 ...

Financial Performance - Revenues for the first quarter of 2025 were $44.6 million, a slight increase from $44.4 million in the prior year[182] - Net income rose to $2.5 million compared to $2.0 million in the same period last year[191] - Adjusted EBITDA for the first quarter of 2025 was $10.1 million, up from $9.6 million in the prior year[182] - Revenues for the three months ended March 31, 2025, were $44,612,000, a 1% increase from $44,389,000 in the same period in 2024[223] - Net income for the three months ended March 31, 2025, was $2,494,000, a 27% increase from $1,959,000 in the same period in 2024[223] Client Metrics - Average monthly paying clients increased by 5% to 5,179 from 4,937 in the same period in 2024[188] - Average monthly revenues per paying client decreased to $2,871 from $2,997 in the prior year[182] Revenue Sources - Revenues from Weedmaps for Business increased by $400,000, while revenues from other WM Ad solutions increased by $800,000, offset by a $1,000,000 decrease in revenues from Featured Listing and WM Deal products[224] Operating Expenses - Total operating expenses for the three months ended March 31, 2025, were $41,965,000, a 3% increase from $40,628,000 in 2024[227] - General and administrative expenses increased by 18% to $19,451,000 in the three months ended March 31, 2025, compared to $16,526,000 in 2024[227] - Sales and marketing expenses decreased by 7% to $8,948,000 in the three months ended March 31, 2025, from $9,634,000 in 2024[227] - Product development expenses decreased by 13% to $8,004,000 for the three months ended March 31, 2025, compared to $9,229,000 in 2024[227] Income and Other Financial Metrics - The increase in net income was primarily due to a $0.2 million increase in revenue and a $0.8 million increase in other income[191] - Other income (expense), net increased by $1.6 million, primarily due to favorable changes in fair value of warrant liability of $0.9 million and an increase in interest income of $0.4 million[234] Cash Flow and Capital Expenditures - Cash as of March 31, 2025, was $53.3 million, up from $52.0 million as of December 31, 2024, with working capital increasing to $39.9 million[237] - Net cash provided by operating activities for Q1 2025 was $5.7 million, down from $7.4 million in Q1 2024, with net income of $2.5 million[242] - Net cash used in investing activities for Q1 2025 was $3.7 million, consistent with $4.5 million in Q1 2024, both related to capital expenditures[244] - Net cash used in financing activities for Q1 2025 was $0.7 million, a decrease from $1.5 million in Q1 2024, primarily due to distributions payments[246] Strategic Plans - The company plans to continue investments in brand awareness and market expansion to capitalize on growth opportunities[181] - The company aims to grow its two-sided marketplace by attracting more cannabis businesses and consumers to its platform[198] - The company plans to accelerate investments in marketing to enhance brand awareness through both online and offline channels[210] - The company intends to continue making focused organic and inorganic investments to grow revenue and scale operations[209] Industry Insights - The cannabis industry experiences seasonality around specific holidays, which may impact future revenue generation[236] - The company expects existing cash and cash generated from operations to meet anticipated cash needs for at least the next 12 months[237] - The company may seek additional funds through equity or debt financing if existing cash flows are insufficient for future activities[238]

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 ...

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]

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].

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].

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].

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].

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]