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 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) ha riportato risultati finanziari solidi per il terzo trimestre dell'anno fiscale 2024, con miglioramenti significativi in tutti i principali indicatori. La piattaforma tecnologica e di marketing per la cannabis ha registrato una crescita del fatturato del 20% anno su anno, passando da $1.434.132 a $1.717.127 per il trimestre conclusosi il 31 dicembre 2024.
L'azienda ha dimostrato notevoli miglioramenti nella redditività con un aumento del 68% dei margini lordi rispetto all'anno precedente. In particolare, Leafbuyer ha trasformato il proprio bilancio, registrando un aumento del 134% dell'utile netto, passando da una perdita di $220.010 a un profitto di $78.815.
Secondo il CEO Kurt Rossner, la crescita dell'azienda è stata guidata dall'acquisizione di diversi grandi operatori multi-statali (MSO) e da iniziative di riduzione dei costi in corso che hanno migliorato i margini lordi di quasi il 70%.
Leafbuyer Technologies (OTCQB:LBUY) informó resultados financieros sólidos para el tercer trimestre del año fiscal 2024, con mejoras significativas en métricas clave. La plataforma de tecnología y marketing de cannabis logró un crecimiento de ingresos del 20% interanual, pasando de $1,434,132 a $1,717,127 para el trimestre que finalizó el 31 de diciembre de 2024.
La compañía demostró mejoras sustanciales en la rentabilidad con un aumento del 68% en los márgenes brutos interanual. Lo más notable es que Leafbuyer transformó su resultado neto, registrando un aumento del 134% en el ingreso neto, pasando de una pérdida de $220,010 a una ganancia de $78,815.
Según el CEO Kurt Rossner, el crecimiento de la empresa fue impulsado por la obtención de varios operadores multiestatales (MSO) de gran gasto y por iniciativas continuas de reducción de costos que mejoraron los márgenes brutos en casi un 70%.
리프바이어 테크놀로지스 (OTCQB:LBUY)는 2024 회계년 3분기에 강력한 재무 결과를 보고했으며, 주요 지표에서 상당한 개선을 보였습니다. 이 대마초 기술 및 마케팅 플랫폼은 2024년 12월 31일로 종료된 분기에 전년 대비 20%의 매출 성장을 기록하며 $1,434,132에서 $1,717,127로 증가했습니다.
회사는 전년 대비 68%의 총 마진 증가로 상당한 수익성 개선을 보여주었습니다. 특히, 리프바이어는 손실에서 $220,010에서 $78,815의 이익으로 전환하며 순이익이 134% 증가했습니다.
CEO 커트 로스너에 따르면, 회사의 성장은 여러 대규모 다주주 운영자(MSO)를 확보하고 총 마진을 거의 70% 향상시키는 지속적인 비용 절감 이니셔티브에 의해 촉진되었습니다.
Leafbuyer Technologies (OTCQB:LBUY) a annoncé de solides résultats financiers pour le troisième trimestre de l'exercice 2024, avec des améliorations significatives dans tous les indicateurs clés. La plateforme technologique et de marketing du cannabis a enregistré une croissance des revenus de 20 % d'une année sur l'autre, passant de 1 434 132 $ à 1 717 127 $ pour le trimestre se terminant le 31 décembre 2024.
L'entreprise a montré des améliorations substantielles de rentabilité avec une augmentation de 68 % des marges brutesaugmentation de 134 % du bénéfice net, passant d'une perte de 220 010 $ à un bénéfice de 78 815 $.
Selon le PDG Kurt Rossner, la croissance de l'entreprise a été alimentée par la sécurisation de plusieurs grands opérateurs multi-états (MSO) et 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 finanzielle Ergebnisse für das dritte Quartal des Geschäftsjahres 2024, mit erheblichen Verbesserungen in allen wichtigen Kennzahlen. Die Cannabis-Technologie- und Marketingplattform erzielte ein Umsatzwachstum von 20 % im Vergleich zum Vorjahr, das von $1.434.132 auf $1.717.127 für das am 31. Dezember 2024 endende Quartal anstieg.
Das Unternehmen zeigte erhebliche Verbesserungen der Rentabilität mit einem 68% Anstieg der Bruttomargen im Jahresvergleich. Besonders bemerkenswert ist, dass Leafbuyer seine Bilanz transformierte und einen 134% Anstieg des Nettogewinns verzeichnete, der von einem Verlust von $220.010 auf einen Gewinn von $78.815 wechselte.
Laut CEO Kurt Rossner wurde das Wachstum des Unternehmens durch die Sicherung mehrerer großausgebender Multi-State-Operator (MSOs) und laufende Kostenreduzierungsinitiativen, die die Bruttomargen um fast 70 % verbesserten, vorangetrieben.
- Revenue increased 20% YoY to $1.71M
- Gross margins up 68% YoY
- Net income improved 134% to $78,815 from previous loss
- Secured new large MSO clients
- None.
Financial Highlights:
Revenue rose
20% from$1,434,132 t o$1,717,127 in the third 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 25, 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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