WM Technology, Inc. · OTC:MAPS
WM Technology — Q4 2024 Earnings Presentation
11 slides from WM Technology's earnings presentation, Mar 13, 2025
Slide 1: WM Technology, Inc. Q4 & Full Year 2024 Results
WM Technology, Inc. Q4 & Full Year 2024 Results March 13, 2025
Slide 2: Disclaimer
Disclaimer This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to WM Technology, Inc. (“WM”, the “Company”, “we”, “us”, “our”) and for no other purpose. References in this presentation to the “10
Slide 3: Q4 & Full Year 2024 Financial Results
Q4 & Full Year 2024 Financial Results ■ Fourth Quarter 2024 ⏤ Revenue of $47.7 million as compared to $46.5 million in the fourth quarter of 2023 (“prior year period”) ⏤ Net Income of $3.7 million as compared to Net Loss of $11.2 million in the prior year period (1) ⏤ Adjusted EBITDA of $11.9 millio
Slide 4: Q4 & FY24 Income Statement
Q4 & FY24 | Income Statement 3 Months Ended 12 Months Ended ($M) Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Dec 31, 2023 Revenue $47.7 $46.5 $184.5 $188.0 Cost of Revenue (2.3) (2.8) (9.0) (12.5) Sales & Marketing (10.1) (10.9) (40.4) (47.1) Product Development (8.1) (8.1) (36.4) (36.0) General & Admini
Slide 5: Historical Quarterly Financials
Historical Quarterly Financials Quarterly Revenue ($M) $46.4 $48.4 $46.7 $46.5 $44.4 $45.9 $46.6 $47.7 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 YoY Growth (19%) (17%) (8%) (6%) (4%) (5%) 0% +3% QoQ Growth (6%) +4% (4%) (1%) (4%) +3% +1% +2% Adjusted EBITDA & Cash ($M) $10.2 $1
Slide 6: Selected Key Operating and Financial Metrics by Quarter
Selected Key Operating and Financial Metrics by Quarter Average Monthly Paying Clients 5,641 5,609 5,414 5,225 5,014 5,045 5,100 4,937 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Average Monthly Revenue per Paying Client(1) $3,089 $3,043 $3,041 $2,997 $3,033 $2,878 $2,874 $2,743
Slide 7: Revenue Breakdown
Revenue Breakdown 3 Months Ended 12 Months Ended ($M) Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Dec 31, 2023 Weedmaps for Business and other SaaS Subscriptions $13.9 $13.9 $54.2 $46.7 Featured and Deal Listings 29.2 28.5 115.0 126.5 Other Ad Solutions 4.6 4.0 15.3 14.7 Revenue $47.7 $46.5 $184.5 $188.0
Slide 8: Summary Balance Sheet and Cash Flow
Summary Balance Sheet and Cash Flow Balance Sheet Cash Flows 12 Months Ended ($M) Dec 31, 2024 Dec 31, 2023 ($M) Dec 31, 2024 Dec 31, 2023 CASH FLOWS FROM OPERATING ACTIVITIES Cash $52.0 $34.4 Net Income / (Loss) $12.2 ($15.7) Accounts Receivable, Net 10.1 11.2 Depreciation & Amortization 13.3 12.1
Slide 9: Basic and Fully Diluted Share Count
Basic and Fully Diluted Share Count Ownership Calculation Percentage 10-K Reference Non-controlling interests ownership as of December 31, 2024 36.7% Note 12 Controlling interests ownership as of December 31, 2024 63.3% Common Shares as of December 31, 2024 Shares 10-K Reference Class A Common Stock
Slide 10: Share Classes
Share Classes Controlling Interest Non-Controlling Interest Non-Controlling Interest Paired Class A Common Stock Class A Unit 1:1 Class V Common Vested Class P Units Holders Stock A 99,033,110 shares C 14,403,732 Units B 54,319,542 63.3% 34.7% 34.7% 2.0%(1) voting and economic interest voting and vo
Slide 11: Non-GAAP Reconciliations: Net Income to EBITDA and Adjusted EBITDA
Non-GAAP Reconciliations: Net Income to EBITDA and Adjusted EBITDA 3 Months Ended 12 Months Ended $M Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Dec 31, 2023 Net Income $3.7 ($11.2) $12.2 ($15.7) + Provision for Income Taxes (0.0) 0.1 0.0 0.1 + Interest (Income) / Expense (0.1) (0.0) (0.4) (0.0) + Deprec