WM Technology(US:MAPS)2024-08-10 15:13Financial Performance - Net Revenues decreased to $45.9 million compared to $48.4 million in the prior year period[6, 7] - Net Income was $1.2 million, compared to $2.0 million in the prior year period[6, 7] - Adjusted EBITDA was $10.1 million, slightly down from $10.2 million in the prior year period[6, 7] - The Adjusted EBITDA margin was 22% compared to 21% in the prior year period[16] Customer Metrics - Average Monthly Paying Clients decreased to 5,045 from 5,609 in the prior year period[6, 11] - Average Monthly Net Revenues per Paying Client increased to $3,033 compared to $2,878 in the prior year period[6, 12] Revenue Breakdown - Weedmaps for Business and other SaaS subscriptions revenue increased to $13.4 million from $11.3 million[12] - Featured and deal listings revenue decreased to $28.4 million from $33.0 million[12] - Other ad solutions revenue slightly decreased to $4.1 million from $4.2 million[12] Balance Sheet and Cash Flow - Cash and Cash Equivalents increased to $41.3 million from $34.4 million at the end of the previous year[13]