Leafbuyer - LBUY STOCK NEWS

Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q3 FY2024, with significant improvements across key metrics. The cannabis technology and marketing platform achieved a 20% year-over-year revenue growth from $1,434,132 to $1,717,127 for the quarter ending December 31, 2024.

The company demonstrated substantial profitability improvements with a 68% increase in gross margins year-over-year. Most notably, Leafbuyer transformed its bottom line, posting a 134% increase in net income, shifting from a loss of $220,010 to a profit of $78,815.

According to CEO Kurt Rossner, the company's growth was driven by securing several large-spending MSOs (Multi-State Operators) and ongoing cost reduction initiatives that enhanced gross margins by nearly 70%.

Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2 FY2024, with revenue increasing 38% year-over-year from $1,169,622 to $1,609,473. The company's growth rate exceeded industry growth by more than 11 times. Gross margins saw a significant improvement, rising 53% year-over-year, while gross profit more than doubled with a 110% increase from $356,278 to $749,281.

The cannabis technology and marketing platform's cost reduction initiatives implemented last year have proven effective, with selling expenses decreasing by 10% despite the revenue growth. CEO Kurt Rossner indicated that these measures are expected to continue driving margin expansion in the near future.

Leafbuyer Technologies reported strong financial results for Q2 FY2024, with revenue increasing 38% year-over-year to $1.61 million from $1.17 million. The company's gross profit surged 110% to $749,281, while gross margins improved by 53%. The revenue growth rate was more than 11 times the industry average. The company achieved these results while reducing selling expenses by 10%, demonstrating effective cost management and market share gains across all segments.

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.