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

WM Technology (NASDAQ:MAPS) announced its earnings results on Monday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06), RTT News reports. The business had revenue of $38.48 million for the quarter, compared to the consensus estimate 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 Stock Performance

Shares of MAPS stock traded down $0.01 during trading hours on Wednesday, hitting $0.19. 194,980 shares of the company were exchanged, compared to its average volume of 1,086,567. The company has a 50 day simple moving average of $0.34 and a two-hundred day simple moving average of $0.45. The firm has a market cap of $30.20 million, a P/E ratio of 9.50 and a beta of 1.04. WM Technology has a fifty-two week low of $0.18 and a fifty-two week high of $1.21.

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.