Leafbuyer Technologies, Inc. Announces Continued Strong Sales Growth

Rhea-AI Summary

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.

Positive

• 41% year-over-year increase in cash sales for Q4 2022
• Strong demand across product line indicates healthy market performance

Negative

• None.

Cash Sales Booked in latest Quarter Rose 41% Year Over Year

DENVER, CO / ACCESSWIRE / January 12, 2023 / Leafbuyer Technologies, Inc.  ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, issued a sales update on strong sales growth for the company through the end of 2022.

"We are pleased to announce an update of our continued sales growth to close out 2022," Kurt Rossner, Chief Executive Officer of Leafbuyer said. "For the three months ending on Dec 31^st 2022, our booked cash sales rose 41% year over year. We continue to see strong demand across our product line and geographic footprint. We will have full updates when we file our quarterly financials in mid-February," Rossner added.

Learn more at tech.leafbuyer.com

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.

CONTACT:

Vida Almich
Email: vida@leafbuyertech.com
Phone: (720) 427 3927

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's business strategy, product development and industry trends. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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.

View source version on accesswire.com:
https://www.accesswire.com/735023/Leafbuyer-Technologies-Inc-Announces-Continued-Strong-Sales-Growth

FAQ

What is the sales growth reported by Leafbuyer Technologies for the latest quarter?

Leafbuyer Technologies reported a 41% year-over-year increase in cash sales for the latest quarter.

When will Leafbuyer Technologies file its quarterly financials?

Leafbuyer Technologies will file its quarterly financials in mid-February 2023.

What is the stock symbol for Leafbuyer Technologies?

The stock symbol for Leafbuyer Technologies is LBUY.

What products does Leafbuyer Technologies offer?

Leafbuyer offers marketing technology solutions for cannabis businesses, including texting and loyalty platform and custom app solutions.

Where can I find more information about Leafbuyer Technologies?

More information about Leafbuyer Technologies can be found on their website at leafbuyer.com.