CORRECTION FROM SOURCE: Leafbuyer Technologies, Inc. Announces Record Results: 20% Increase in Quarterly Revenue, 68% Increase in Gross Margins and 134% Increase in Net Income
Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2 FY2024, ending December 31, 2024. The cannabis technology and marketing platform achieved significant growth across key metrics:
Revenue increased 20% year-over-year from $1,434,132 to $1,717,127. The company demonstrated remarkable profitability improvements with gross margins rising 68% year-over-year. Most notably, net income showed a dramatic turnaround, improving 134% from a loss of $220,010 to a profit of $78,815.
CEO Kurt Rossner attributed the strong performance to securing several large-spending MSOs and ongoing cost reduction initiatives that enhanced gross margins by nearly 70%.
Leafbuyer Technologies (OTCQB:LBUY) ha riportato risultati finanziari solidi per il secondo trimestre dell'anno fiscale 2024, terminato il 31 dicembre 2024. La piattaforma tecnologica e di marketing per la cannabis ha registrato una crescita significativa in vari indicatori chiave:
I ricavi sono aumentati del 20% rispetto all'anno precedente, passando da $1,434,132 a $1,717,127. L'azienda ha dimostrato notevoli miglioramenti nella redditività, con i margini lordi che sono aumentati del 68% rispetto all'anno precedente. In particolare, il reddito netto ha mostrato un'inversione drammatica, migliorando del 134%, passando da una perdita di $220,010 a un profitto di $78,815.
Il CEO Kurt Rossner ha attribuito le forti performance alla conquista di diversi MSO con elevate spese e alle iniziative di riduzione dei costi in corso che hanno migliorato i margini lordi di quasi il 70%.
Leafbuyer Technologies (OTCQB:LBUY) reportó resultados financieros sólidos para el segundo trimestre del año fiscal 2024, que finalizó el 31 de diciembre de 2024. La plataforma de tecnología y marketing de cannabis logró un crecimiento significativo en varios indicadores clave:
Los ingresos aumentaron un 20% interanual, pasando de $1,434,132 a $1,717,127. La empresa demostró notables mejoras en la rentabilidad, con márgenes brutos que aumentaron un 68% interanual. Lo más notable fue que el ingreso neto mostró un giro dramático, mejorando un 134% de una pérdida de $220,010 a una ganancia de $78,815.
El CEO Kurt Rossner atribuyó el sólido desempeño a la obtención de varios MSOs de gran gasto y a las iniciativas de reducción de costos en curso que mejoraron los márgenes brutos en casi un 70%.
리프바이어 테크놀로지스 (OTCQB:LBUY)는 2024 회계연도 2분기(2024년 12월 31일 종료)에 대한 강력한 재무 결과를 보고했습니다. 이 대마초 기술 및 마케팅 플랫폼은 주요 지표에서 상당한 성장을 달성했습니다:
수익은 전년 대비 20% 증가하여 $1,434,132에서 $1,717,127로 증가했습니다. 회사는 총 마진이 전년 대비 68% 상승하는 등 놀라운 수익성 개선을 보여주었습니다. 특히, 순이익은 $220,010의 손실에서 $78,815의 이익으로 134% 개선되어 극적인 반전을 보였습니다.
CEO 커트 로스너는 강력한 성과를 여러 대규모 MSO 확보와 총 마진을 거의 70% 향상시킨 지속적인 비용 절감 이니셔티브에 기인한다고 설명했습니다.
Leafbuyer Technologies (OTCQB:LBUY) a rapporté de solides résultats financiers pour le deuxième trimestre de l'exercice 2024, se terminant le 31 décembre 2024. La plateforme technologique et de marketing du cannabis a connu une croissance significative dans plusieurs indicateurs clés :
Les revenus ont augmenté de 20% par rapport à l'année précédente, passant de 1 434 132 $ à 1 717 127 $. L'entreprise a montré des améliorations remarquables de la rentabilité, avec des marges brutes en hausse de 68% par rapport à l'année précédente. Plus particulièrement, le revenu net a montré un retournement spectaculaire, s'améliorant de 134% d'une perte de 220 010 $ à un bénéfice de 78 815 $.
Le PDG Kurt Rossner a attribué cette forte performance à la sécurisation de plusieurs MSOs à forte dépense et à des initiatives de réduction des coûts en cours qui ont amélioré les marges brutes de près de 70 %.
Leafbuyer Technologies (OTCQB:LBUY) berichtete über starke Finanzzahlen für das zweite Quartal des Geschäftsjahres 2024, das am 31. Dezember 2024 endete. Die Cannabis-Technologie- und Marketingplattform erzielte ein signifikantes Wachstum in wichtigen Kennzahlen:
Der Umsatz stieg um 20% im Vergleich zum Vorjahr, von $1,434,132 auf $1,717,127. Das Unternehmen zeigte bemerkenswerte Verbesserungen in der Rentabilität, da die Bruttomargen um 68% im Vergleich zum Vorjahr stiegen. Besonders bemerkenswert war, dass das Nettoeinkommen eine dramatische Wende nahm und um 134% von einem Verlust von $220,010 auf einen Gewinn von $78,815 verbesserte.
CEO Kurt Rossner führte die starke Leistung auf die Sicherung mehrerer hochausgebender MSOs und laufende Kostenreduzierungsinitiativen zurück, die die Bruttomargen um fast 70% erhöhten.
- Revenue growth of 20% YoY to $1.7M
- 68% increase in gross margins
- Net income turned positive to $78,815 from previous loss
- Secured new large MSO clients
- None.
Updated Financial Highlights Section from Third Quarter to Second Quarter
Financial Highlights:
Revenue rose
20% from$1,434,132 t o$1,717,127 in the second quarter of fiscal year 2024Expanding Profit Margins: Gross Margins increased
68% Year to YearNet Income increased
134% from ($220,010) loss to$78,815 in the same period
DENVER, CO / ACCESS Newswire / February 26, 2025 / Leafbuyer Technologies Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis technology and marketing platform, announced today that quarterly revenue rose
Kurt Rossner, Chief Executive Officer of Leafbuyer stated, "The company had nice momentum in the last quarter of the year. We were able to secure several large spending MSOs that have increased our overall revenue numbers. Cost reductions are continuing to add to the gross margins, with a nearly
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive marketing technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and the Custom App solution to engage with current and potential customers. Leafbuyer.com is a robust online resource for cannabis consumers, and the company's partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month.
Learn more at Leafbuyer Technologies
Contact:
Leafbuyer Technologies, Inc.
Vida Almich 720.427.3927
vida@leafbuyertech.com
Cautionary Statement Regarding Forward-Looking Information Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in the forward-looking statements due to several factors detailed from time to time in our filings with the Securities and Exchange Commission. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings.
Use of Non-GAAP Financial Measures
The Company discloses and uses the above-mentioned non-GAAP financial measures internally as a supplement to GAAP financial information to evaluate its operating performance, for financial planning purposes, to establish operational goals, for compensation plans, to measure debt service capability, for capital expenditure planning and to determine working capital needs and believes that these are useful financial measures also used by investors. Non-GAAP adjusted EBITDA is defined as GAAP net income or net loss before interest, taxes, depreciation, and amortization (EBITDA) adjusted for the non-cash stock compensation and stock option expense, acquisition, integration & restructuring expenses, charges and gains or losses from extinguishment of debt and other non-cash items. Non-GAAP EBITDA and non-GAAP adjusted EBITDA are not terms defined by GAAP and, as a result, the Company's measure of non-GAAP EBITDA and non-GAAP adjusted EBITDA might not be comparable to similarly titled measures used by other companies. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flow that either excludes or includes amounts that are not normally included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP financial measures discussed above, however, should be considered in addition to, and not as a substitute for, or superior to net income or net loss as reported for GAAP on the Consolidated Statements of Operations, cash and cash flows on the Consolidated Statement of Cash Flows or other measures of financial performance prepared in accordance with GAAP, and as reflected on the Company's financial statements prepared in accordance with GAAP. These non-GAAP financial measures are not a substitute for or presented in lieu of financial measures provided by GAAP and all measures and disclosures of financial information pursuant to GAAP should be read to obtain a comprehensive and thorough understanding of the Company's financial results.
SOURCE: Leafbuyer Technologies, Inc.
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