Wm Technology Inc (MAPS) said after close Wednesday that it lost $0.02 per share in quarter three 2023.
On the revenue line, the company reported $47.7 million, beating estimates by $525 thousand.
In the same quarter a year ago, the company lost $0.06 per share on revenue of $50.5 million.
The stock is down 7.34% to $1.01 after the report.
Wm Technology Inc's profit margins took a hit as earnings fell at a faster pace than revenues.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Wm Technology Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 84, putting Wm Technology Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $1.88 on September 5, 2023 and set a 52-week low on April 26, 2023 at $0.6.
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.