WM Technology(US:MAPS)2021-11-15 17:36Financial Performance - Q3 revenue reached $51 million, a 9% year-over-year increase on a reported basis, and a 46% year-over-year increase for the U S only[5] - Gross profit for Q3 was $49 million, with a 96% implied gross margin rate[6] - Adjusted EBITDA for Q3 was $10 million, representing a 20% adjusted EBITDA margin rate[6] - Year-to-date revenue totaled $139 million, reflecting a 52% increase compared to the previous year for U S only[8] User and Client Metrics - Monthly Active Users (MAU) grew by 37% year-over-year[5] - Average Monthly Revenue per Paying Client increased by 7% year-over-year on a reported basis and 18% year-over-year for the U S only[5] - Average Monthly Paying Clients grew by 2% year-over-year on a reported basis and 24% year-over-year for the U S only[5] Expenses - Non-GAAP Sales & Marketing expenses for the year-to-date were $33 million, a 52% increase[8] - Non-GAAP Product Development costs for the year-to-date were $22 million, an 8% increase[8] - Non-GAAP General & Administrative expenses for the year-to-date were $50 million, a 34% increase[8] Balance Sheet and Cash Flow - Cash balance increased from $20 million to $78 million[17] - Net cash from operations was $25 million year-to-date[18]