WM Technology (NASDAQ:MAPS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$46.6m (flat on 3Q 2023).

• Net income: US$3.33m (up from US$1.54m loss in 3Q 2023).

• Profit margin: 7.2% (up from net loss in 3Q 2023).

• EPS: US$0.034 (up from US$0.016 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

WM Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 31% from a week ago.

Risk Analysis

Be aware that WM Technology is showing 1 warning sign in our investment analysis that you should know about...

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