VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today it will report its financial results for the fourth quarter and the year ended September 30, 2025 on Monday, December 15, 2025 before the market opens. The financial statements and MD&A will be available on SEDAR at www.sedarplus.ca and on the Company’s website. The Company has scheduled a conference call to discuss the results for Q4 2025 and business outlook ...

WM Technology, Inc. Q2 2025 Results August 7, 2025 Financial Information; Non-GAAP Financial Measures Our financial statements, including net income, are prepared in accordance with principles generally accepted in the United States of America ("GAAP"). To provide investors with additional information regarding our financial results, we have disclosed EBITDA and Adjusted EBITDA, both of which are non-GAAP financial measures that we calculate as net income before interest, taxes and depreciation and amortiza ...

Industry Overview - The cannabis industry is projected to exceed $45 billion by 2025, with strong growth expected over the next five years as demand for accessories and digital services increases [1][4] - Ancillary sectors such as technology, packaging, and paraphernalia are becoming essential, providing support without directly handling cannabis [1][4] Legislative Environment - Momentum for cannabis legalization is building, with new bills being introduced in key states and some regions expanding medical access or softening penalties [2] - Federal reform remains slow, causing fluctuations in cannabis stocks in response to news events [2] Investment Opportunities - Ancillary cannabis companies are seen as a smart investment for exposure to the cannabis sector without the legal risks associated with growers or dispensaries [1][4] - Key ancillary stocks to monitor include Leafly Holdings Inc. (LFLY), WM Technology Inc. (MAPS), and Greenlane Holdings Inc. (GNLN) [4][6] Company Profiles Leafly Holdings Inc. (LFLY) - Leafly is a leading online cannabis marketplace, serving millions of users and listing inventory from over 10,000 licensed dispensaries [5][7] - The company is facing financial strain, having shifted to over-the-counter trading, with anticipated Q1 2025 revenue around $8.5 million [7] - Leafly's primary revenue source is advertising, but operational losses are a concern, necessitating improved monetization and cost management [7] WM Technology Inc. (MAPS) - WM Technology, known as Weedmaps, connects consumers with licensed retailers and provides digital tools for over 5,000 cannabis businesses [8] - In Q1 2025, Weedmaps reported revenue of $44.6 million, maintaining positive adjusted operating income of $2.6 million, indicating financial stability [8] - The company is focusing on improving platform features and retaining long-term clients, despite a slowdown in new customer growth [8] Greenlane Holdings Inc. (GNLN) - Greenlane is a supplier of cannabis accessories and packaging, specializing in vaporizers and safety packaging, with operations across North America and abroad [9] - The company raised $25 million through a private placement in February 2025 and executed a 1-for-750 reverse stock split to meet Nasdaq standards [11] - Greenlane is undergoing restructuring efforts to stabilize and return to profitability, with revenue figures for Q1 yet to be disclosed [11] Market Sentiment - Ancillary cannabis companies are viewed as strong entry points for investors seeking exposure without direct investment in cultivation or retail [12] - Each company presents unique advantages and challenges, with July 2025 being a critical time to monitor their progress and consider investment opportunities [12]

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]