The following is a summary of the WM Technology, Inc. (MAPS) Q3 2024 Earnings Call Transcript:

Financial Performance:

• WM Technology, Inc. reported Q3 net revenues of $46.6 million.

• The company achieved an adjusted EBITDA of $11.3 million.

• Net income for the quarter stood at $5.3 million, a significant improvement from a net loss of $2.5 million in Q3 of last year.

• The company remains debt-free with a cash balance of $45 million at the end of the quarter.

Business Progress:

• The company recorded the eighth consecutive quarter of positive adjusted EBITDA profit.

• Focused on increasing efficiencies and demonstrated continued growth and financial stability.

• Plans include expanding product offerings in its core marketplace and entering new sectors like hemp-based marketplaces.

• Transition in CEO role with Doug Francis to continue leading, spurred by the stability and progress achieved under his leadership.

Opportunities:

• The potential change in cannabis regulation under the new U.S. administration could enhance the growth opportunities for the industry.

• Continued market expansion in hemp-derived edibles and beverages amid regulatory uncertainties.

Risks:

• Ongoing regulatory uncertainties, particularly with cannabis and hemp.

• Potential outright bans of hemp by states leading to stricter controls and affecting the advantageous positions of hemp businesses.

• The need for cautious expansion in areas where market or policy environments may not fully support sustainable growth.

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