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

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

WM Technology Price Performance

WM Technology stock traded down $0.08 during midday trading on Tuesday, reaching $0.19. The stock had a trading volume of 2,912,896 shares, compared to its average volume of 1,069,180. WM Technology has a twelve month low of $0.18 and a twelve month high of $1.21. The firm has a market cap of $30.63 million, a price-to-earnings ratio of 9.63 and a beta of 1.04. The firm’s fifty day simple moving average is $0.34 and its two-hundred day simple moving average is $0.46.

About WM Technology

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.