LEAFBUYER TECHNOLOGIES - LBUY STOCK NEWS

Leafbuyer Technologies Inc. (OTCQB:LBUY), a leading cannabis technology company, has announced its quarterly results for the period ending March 31, 2024. The company reported a 16.4% increase in year-over-year revenue growth and a 9% increase in gross profit. This growth rate is nearly double the industry's projected compound annual growth rate of 8.5%, according to New Frontier Data.

The company's success is attributed to increased sales of its loyalty, texting, online ordering, and web application solutions. Leafbuyer's CEO, Kurt Rossner, emphasized the company's superior offering in the market, noting that many competitors have experienced year-to-year declines in topline numbers. Leafbuyer generates revenue through its marketing technology platforms, which connect cannabis consumers with dispensaries and product companies across the country.

Leafbuyer Technologies, Inc. (OTCQB:LBUY) achieved a record monthly sales figure of approximately $481,000.00 in cash sales in November 2023, marking a significant increase from the prior highest sales number recorded in August 2023. CEO Kurt Rossner mentioned the company's growing sales funnel and collaboration with larger MSOs, expressing optimism for a promising quarter ahead. Final results are expected to be reported in mid-February 2024.

Leafbuyer Technologies announces 34% YoY revenue growth in fiscal year 2023

Leafbuyer Technologies, Inc. reported a nearly 40% increase in monthly cash sales in July compared to the same month last year. The company attributes this growth to the development of new technologies, organic growth, and new customer additions. CEO Kurt Rossner expressed optimism about the future, mentioning the upcoming launch of exciting products. Leafbuyer plans to file its annual report by the end of September.

Leafbuyer Technologies (OTCQB:LBUY) unveiled the Leafbuyer Total Network, a new product aimed at revolutionizing client messaging in the cannabis industry. This platform enhances the distribution of marketing content to millions of cannabis consumers through Leafbuyer.com. By combining existing messaging capabilities with the ability to reach new customers, businesses can now expand their audience in targeted regions. CEO Kurt Rossner emphasized that this offering not only improves client engagement but also provides measurable returns on investment (ROI) through new sign-ups and usage. This initiative positions Leafbuyer as a leader in cannabis technology, creating additional revenue streams while allowing clients to track marketing effectiveness.

Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2, with a net income of $95,397 compared to a net loss of $1,373,858 the previous year. Revenue surged 45%, rising from $923,829 to $1,341,750, while gross profit increased 174% from $261,770 to $716,146. Operating expenses were reduced by 23%, falling from $750,675 to $579,978. CEO Kurt Rossner highlighted that this marks the best quarter in the company's history, achieving profitability amidst industry challenges. Leafbuyer aims for continued growth and product enhancements in 2023.

Leafbuyer Technologies (OTCQB:LBUY) reported a significant 41% year-over-year increase in cash sales for Q4 2022, reflecting strong demand across its product offerings. CEO Kurt Rossner expressed satisfaction with the sales growth, indicating a robust market for the company’s services. Leafbuyer is a major player in cannabis marketing technology, providing solutions to cannabis businesses. Full financial results will be available when quarterly filings are submitted in mid-February 2023.