WM Technology (NASDAQ:MAPS) Posts Earnings Results, Misses Expectations By $0.06 EPS

WM Technology (NASDAQ:MAPS) announced its earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06), RTT News reports. WM Technology had a return on equity of 1.51% and a net margin of 1.12%. The firm had revenue of $38.48 million for the quarter, compared to analyst estimates of $40.70 million. During the same quarter last year, the business earned $0.02 EPS.

WM Technology Stock Down 31.8%

NASDAQ:MAPS traded down $0.09 on Tuesday, reaching $0.19. The stock had a trading volume of 2,810,485 shares, compared to its average volume of 1,068,630. The company has a market capitalization of $29.84 million, a P/E ratio of 9.38 and a beta of 1.04. WM Technology has a 1-year low of $0.18 and a 1-year high of $1.21. The stock has a fifty day moving average price of $0.34 and a 200-day moving average price of $0.46.

WM Technology Company Profile

WM Technology, Inc, doing business as Weedmaps, operates a technology platform serving the legal cannabis industry. Its principal consumer platform, Weedmaps, helps customers discover licensed cannabis retailers, brands, products and delivery services, while providing businesses with digital marketing and customer-engagement tools.

The company also offers software and technology solutions for cannabis retailers and brands through its WM Business operations. These services are designed to support online listings, menus, ordering, advertising, customer relationship management and other aspects of retail operations.

Weedmaps was founded in 2008 by Doug Francis and Justin Hartfield.