WM Technology(US:MAPS)2022-02-24 09:12Financial Performance - Full Year 2021 - Full year 2021 revenue reached $193 million, a 19% increase year-over-year on a reported basis, and a 48% increase for the U S only[5] - Gross profit for full year 2021 was $185 million, with a gross margin rate of 96%, reflecting a 61bps margin expansion year-over-year[5] - Adjusted EBITDA for full year 2021 was $32 million, resulting in a 16% adjusted EBITDA margin rate[5] Financial Performance - Q4 2021 - Q4 2021 revenue was $54 million, a 22% increase year-over-year on a reported basis, and a 39% increase for the U S only[5] - Gross profit for Q4 2021 was $52 million, with a gross margin rate of 96%, reflecting a 70bps margin expansion year-over-year[5] - Adjusted EBITDA for Q4 2021 was $4 million, resulting in a 7% adjusted EBITDA margin rate[5] Key Metrics - Q4 2021 - Monthly Active Users grew by 57% year-over-year and 13% from the prior quarter[5] - Average Monthly Revenue per Paying Client declined by 1% year-over-year on a reported basis but grew by 9% year-over-year for the U S only[5] - Average Monthly Paying Clients grew by 23% year-over-year on a reported basis and 27% year-over-year for the U S only[5] Full Year 2022 Guidance - Full year 2022 revenue guidance is $255 million to $265 million, implying a 32% to 37% growth[26] - Full year 2022 Adjusted EBITDA guidance is $15 million to $20 million, implying a 6% to 8% margin[26]