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Leafbuyer Technologies, Inc. Announces Quarterly Results

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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), un'importante azienda tecnologica nel settore della cannabis, ha annunciato i suoi risultati trimestrali per il periodo conclusosi il 31 marzo 2024. L'azienda ha registrato un aumento del 16,4% nella crescita del fatturato anno su anno e un aumento del 9% nel profitto lordo. Questo tasso di crescita è quasi il doppio del tasso di crescita annuale composto previsto per il settore, pari all'8,5%, secondo New Frontier Data.

Il successo dell'azienda è attribuito all'aumento delle vendite delle sue soluzioni di fidelizzazione, messaggistica, ordinazione online e applicazioni web. Il CEO di Leafbuyer, Kurt Rossner, ha sottolineato l'offerta superiore dell'azienda sul mercato, osservando che molti concorrenti hanno registrato cali anno dopo anno nei numeri di fatturato. Leafbuyer genera entrate attraverso le sue piattaforme di tecnologia di marketing, che collegano i consumatori di cannabis con i dispensari e le aziende produttrici in tutto il paese.

Leafbuyer Technologies Inc. (OTCQB:LBUY), una empresa líder en tecnología de cannabis, ha anunciado sus resultados trimestrales para el período que finalizó el 31 de marzo de 2024. La compañía reportó un incremento del 16.4% en el crecimiento de ingresos interanual y un incremento del 9% en las ganancias brutas. Esta tasa de crecimiento es casi el doble de la tasa de crecimiento anual compuesta proyectada para la industria, que es del 8.5%, según New Frontier Data.

El éxito de la empresa se atribuye a un aumento en las ventas de sus soluciones de lealtad, mensajería, pedidos en línea y aplicaciones web. El CEO de Leafbuyer, Kurt Rossner, destacó la oferta superior de la empresa en el mercado, notando que muchos competidores han experimentado caídas en los números de ingresos año tras año. Leafbuyer genera ingresos a través de sus plataformas de tecnología de marketing, que conectan a los consumidores de cannabis con dispensarios y empresas de productos en todo el país.

리프바이어 테크놀로지스 주식회사(OTCQB:LBUY)는 2024년 3월 31일 기준으로 분기 실적을 발표했습니다. 이 회사는 전년 대비 16.4%의 수익 증가9%의 총 이익 증가를 보고했습니다. 이 성장률은 업계의 예상 연간 복합 성장률인 8.5%의 거의 두 배에 해당합니다. 이는 뉴 프론티어 데이터에 따르면 나타납니다.

회사의 성공은 충성도 프로그램, 문자 서비스, 온라인 주문 및 웹 애플리케이션 솔루션의 판매 증가에 기인합니다. 리프바이어의 CEO인 커트 로스너는 회사의 시장 내 우수한 제안을 강조하며, 많은 경쟁 업체들이 매출 감소를 경험했다고 언급했습니다. 리프바이어는 마케팅 기술 플랫폼을 통해 수익을 창출하며, 이는 cannabis 소비자를 전국의 약국 및 제품 회사와 연결합니다.

Leafbuyer Technologies Inc. (OTCQB:LBUY), une entreprise leader dans la technologie du cannabis, a annoncé ses résultats trimestriels pour la période se terminant le 31 mars 2024. L'entreprise a signalé une augmentation de 16,4% de la croissance des revenus par rapport à l'année précédente ainsi qu'une augmentation de 9% du bénéfice brut. Ce taux de croissance est presque le double du taux de croissance annuel composé projeté pour l'industrie, qui est de 8,5%, selon New Frontier Data.

Le succès de l'entreprise est attribué à une augmentation des ventes de ses solutions de fidélité, de messagerie, de commande en ligne et d'applications web. Le PDG de Leafbuyer, Kurt Rossner, a souligné l'offre supérieure de l'entreprise sur le marché, notant que de nombreux concurrents ont subi des baisses d'une année sur l'autre dans les chiffres des ventes. Leafbuyer génère des revenus grâce à ses plateformes de technologie marketing, qui relient les consommateurs de cannabis aux dispensaires et aux entreprises de produits à travers le pays.

Leafbuyer Technologies Inc. (OTCQB:LBUY), ein führendes Unternehmen im Bereich Cannabistechnologie, hat seine quartalsmäßigen Ergebnisse für den Zeitraum zum 31. März 2024 bekannt gegeben. Das Unternehmen berichtete von einem Umsatzwachstum von 16,4% im Jahresvergleich und einem 9% Anstieg des Bruttogewinns. Diese Wachstumsrate ist fast doppelt so hoch wie die prognostizierte jährliche Wachstumsrate der Branche von 8,5%, so New Frontier Data.

Der Erfolg des Unternehmens wird auf den Anstieg der Verkaufszahlen seiner Treue-, SMS-, Online-Bestell- und Webanwendungslösungen zurückgeführt. Der CEO von Leafbuyer, Kurt Rossner, betonte das überlegene Angebot des Unternehmens auf dem Markt und merkte an, dass viele Wettbewerber im Jahresvergleich Rückgänge bei den Umsatzzahlen erfahren haben. Leafbuyer generiert Umsatz durch seine Marketingtechnologie-Plattformen, die Cannabisverbraucher mit Apotheken und Produktunternehmen im ganzen Land verbinden.

Positive
  • 16.4% increase in year-over-year revenue growth
  • 9% increase in gross profit
  • Growth rate nearly double the industry's projected compound annual growth rate of 8.5%
  • Increased sales of loyalty, texting, online ordering, and web application solutions
Negative
  • None.

16.4% Increase in Year Over Year Revenue Growth and a 9% increase in Gross profit

DENVER, CO / ACCESSWIRE / September 20, 2024 / Leafbuyer Technologies Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that revenue grew 16.4% and gross profit increased by 9% in the quarter ending March 31,2024.

Leafbuyer's 16.4%% year-over-year revenue growth rate is nearly double the industry's projected compound annual growth rate of 8.5%, according to New Frontier Data. Increased sales of the Company's loyalty, texting, online ordering, and web application solutions account for the continued success.

"The increased sales we have experienced represent our superior offering to the market. Many competitors have seen year to year declines in topline numbers. We continue to be aggressive in establishing a superior product offering and will continue to do so," said Kurt Rossner, CEO of Leafbuyer.

Leafbuyer realizes revenue from the sale of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The solutions include loyalty programs, mobile application-based order ahead, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.

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 Smart 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 tech.leafbuyer.com

Contacts
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.

SOURCE: Leafbuyer Technologies, Inc.



View the original press release on accesswire.com

FAQ

What was Leafbuyer Technologies' (LBUY) revenue growth for the quarter ending March 31, 2024?

Leafbuyer Technologies (LBUY) reported a 16.4% increase in year-over-year revenue growth for the quarter ending March 31, 2024.

How did Leafbuyer's (LBUY) gross profit change in the reported quarter?

Leafbuyer Technologies (LBUY) announced a 9% increase in gross profit for the quarter ending March 31, 2024.

How does Leafbuyer's (LBUY) growth compare to the cannabis industry's projected growth rate?

Leafbuyer's 16.4% year-over-year revenue growth is nearly double the industry's projected compound annual growth rate of 8.5%, according to New Frontier Data.

What products contributed to Leafbuyer's (LBUY) sales increase?

Increased sales of Leafbuyer's loyalty, texting, online ordering, and web application solutions contributed to the company's continued success.

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