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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...

wm technology WM Technology, Inc. Q3 FY22 Quarterly Results November 7, 2022 Disclaimer this presentations provided by informational/processes only and botherested to assistinteneded partision their were eduction with respect by WM The Compony," we', "20"," on the "B-O" Pole" relect be drively and color do collection tres contrastion of the SCC", Novepeentation or dicallarge continues or warantilize, express rimple despress rimpl cicountances will 1014, anyd firse respectives bobblanci, interest haddes, dif ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 24% year-over-year for Q2 2022, primarily driven by an increase in the paying client base [11][37] - The gross margin rate for Q2 was 93%, consistent with Q1, reflecting investments in new client solutions [42] - Adjusted EBITDA for Q2 was minus $0.6 million, resulting in a first half adjusted EBITDA of minus $1.5 million, falling short of breakeven expectations [48][51] Business Line Data and Key Metrics Changes - The number of paying clients grew by over 30% year-over-year, despite significant churn due to financial challenges faced by clients [23][38] - Average monthly revenue per paying client experienced a mid-single-digit year-over-year decline, offsetting the growth in the number of paying clients [40][54] - The company had to remove nearly 500 clients from the platform or put them on payment plans due to billing issues, primarily affecting clients in California [38][100] Market Data and Key Metrics Changes - The California licensed cannabis market saw a decline of 10% year-over-year in Q2, while the company's California marketplace revenue grew by nearly 10% [41] - The company is planning for a flat to mid-single-digit decline in total revenue for the second half of the year, reflecting ongoing challenges in the market [55][56] Company Strategy and Development Direction - The company is focusing on driving deep client engagement, improving the shopping experience on the Weedmaps marketplace, and expanding the adoption of its software and ad network solutions [22][29] - The strategy includes rigorous cost discipline and preparing for unknowns, with a recent headcount reduction of approximately 10% to create efficiencies [30][36] - The company aims to maintain its position as the platform of choice for cannabis users, retailers, and brands, despite the challenging macro environment [29][64] Management's Comments on Operating Environment and Future Outlook - Management expressed caution for the second half of the year due to inflationary pressures and liquidity challenges faced by clients [14][52] - Despite current challenges, management remains optimistic about long-term growth opportunities, particularly in emerging markets like New York and New Jersey [31][57] - The company is not assuming material revenue contributions from new markets this year, as visibility on license issuance remains unclear [57][60] Other Important Information - The company ended Q2 with $48 million in cash and is comfortable with its liquidity position, indicating no immediate need for outside capital [50] - The company is actively engaging in international markets, with a focus on Canada and potential opportunities in the EU and Mexico [78][79] Q&A Session Summary Question: Monthly paying clients and M&A impact - The company added about a couple of hundred clients via M&A, with the balance being organic growth despite churn [69] Question: ARPU assumptions for the back half - The company expects pressure on revenue per client due to client financial health challenges, offset by growth in paying clients [72][74] Question: Updates on international market - The company is engaging in international markets, with progress in Canada and slow developments in the EU [78][79] Question: Linear performance within the quarter - The company noted that performance tracked with California gas prices, with strong retention early in the quarter but challenges later on [83][86] Question: Transparency on removed clients - The 500 clients removed from the platform were a mix of those unpublished and those on payment plans, with the majority being California-based [100][104] Question: Legislative changes in California - Recent legislative changes include a reduction in state tax on cannabis and grants to local governments to encourage licensing [93][96]

wm technology WM Technology, Inc. Q2 FY22 Quarterly Results August 9, 2022 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 10-Q for the quarter ended June 30, 2022 to be filed with the Securities and Exchange Commission (the "SEC"). No represe ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition peri ...

WM Technology, Inc. (NASDAQ:MAPS) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Tim O'Shea - Director of Investor Relations Chris Beals - Chief Executive Officer Arden Lee - Chief Financial Officer Conference Call Participants Tom Champion - Piper Sandler Andrew Carter - Stifel Pablo Zuanic - Cantor Fitzgerald Luke Morison - Canaccord Operator Good day, good afternoon, everyone, and welcome to WM Technology Inc.'s First Quarter 2022 Earnings Conference Call. At this time, all ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition per ...

wm technology WM Technology, Inc. Q1 FY22 Quarterly Results May 4, 2022 Disclaimer This presentation is organisation is organs only and flacbeen prepered to assistinterested parties in malinar ther overeyalation with responses (*M) Technology, Inc." WW, References in this prosestation to the "D-C" refer to the 0-2 for the quarter ended Mach 131, 2022 to befiled with the Securities ond Ecchange Commision (the "SEC") No re this presentation TT o the Ulest soctanted by law in no circumstrosewill WA A any of fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-K _______________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period f ...

wm technology WM Technology, Inc. Q4 and Full Year Fiscal 2021 Results February 23, 2022 Disclaimer This presentation is organisation is crosses only and flacbeen prepered to assistinterested parties in malinar ther overeyalation with responses (*NV). The "Complex", "we" References in this presentation to the "D-K" refer to the year on the ONY for the year notal 2/3/21 to be filed with the Securities and Euchange Commission (the "SEC") No presentation. To the diffect of permitted by law in no circumstances ...