WM Technology, Inc (MAPS), or Weedmaps, a leading marketplace and technology solutions provider to the cannabis industry, announced its financial results for the fourth quarter ending December 31, 2021.
Chris Beals, CEO and Chairman of WM Technology, said, “Our fourth quarter performance was the largest quarterly revenue in our Company’s history at $54 million, which represents a 39% year-over-year growth in our U.S. business. Further, we added over 300 new paying clients during the fourth quarter and expanded our share of licensees in the U.S.”
- Fourth-quarter revenue increased to $54.2 million, exceeding expectations, with full-year revenue of $193.1 million
- U.S. fourth-quarter revenue grew 39% with total forth-quarter revenue growth of 22% year-over-year
- U.S. fourth-quarter revenue grew 48% with Total full-year revenue growth of 19% year-over-year