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

WM Technology (NASDAQ:MAPS) posted its quarterly earnings results 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. 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 the consensus estimate of $40.70 million. During the same period last year, the company posted $0.02 earnings per share.

WM Technology Stock Down 29.8%

Shares of NASDAQ MAPS traded down $0.08 during mid-day trading on Tuesday, reaching $0.19. 3,075,546 shares of the company were exchanged, compared to its average volume of 1,069,260. The stock has a market capitalization of $30.69 million, a P/E ratio of 9.65 and a beta of 1.04. The company’s 50-day simple moving average is $0.34 and its 200-day simple moving average is $0.46. WM Technology has a twelve month low of $0.18 and a twelve month 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.

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