Leafbuyer Technologies, Inc. Announces Record Results: 38% Increase in Quarterly Revenue and 53% Increase in Gross Margins
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 ha registrato risultati finanziari solidi per il secondo trimestre dell'anno fiscale 2024, con un aumento del fatturato del 38% rispetto all'anno precedente, passando da 1,17 milioni di dollari a 1,61 milioni di dollari. L'utile lordo dell'azienda è aumentato del 110%, raggiungendo 749.281 dollari, mentre i margini lordi sono migliorati del 53%. Il tasso di crescita dei ricavi è stato più di 11 volte superiore alla media del settore. L'azienda ha ottenuto questi risultati riducendo le spese di vendita del 10%, dimostrando così una gestione efficace dei costi e guadagni di quota di mercato in tutti i segmenti.
Leafbuyer Technologies reportó resultados financieros sólidos para el segundo trimestre del año fiscal 2024, con un aumento de los ingresos del 38% interanual, pasando de 1,17 millones de dólares a 1,61 millones de dólares. La ganancia bruta de la compañía aumentó un 110%, alcanzando 749,281 dólares, mientras que los márgenes brutos mejoraron en un 53%. La tasa de crecimiento de los ingresos fue más de 11 veces superior a la media de la industria. La compañía logró estos resultados mientras reducía los gastos de venta en un 10%, demostrando una gestión efectiva de costos y ganancias de participación de mercado en todos los segmentos.
리프바이어 테크놀로지스(Leafbuyer Technologies)는 2024 회계연도 2분기 강력한 재무 성과를 보고했으며, 수익이 지난해 대비 38% 증가하여 161만 달러에서 117만 달러로 증가했습니다. 회사의 총 이익은 110% 증가하여 749,281 달러에 달했으며, 총 이익률은 53% 개선되었습니다. 수익 성장률은 업계 평균의 11배 이상이었습니다. 회사는 판매 비용을 10% 줄이면서 이러한 성과를 달성하여_cost 관리와 모든 부문에서 시장 점유율을 확대했습니다.
Leafbuyer Technologies a annoncé de solides résultats financiers pour le deuxième trimestre de l'exercice 2024, avec une augmentation des revenus de 38% par rapport à l'année précédente, passant de 1,17 million de dollars à 1,61 million de dollars. Le bénéfice brut de l'entreprise a bondi de 110% à 749 281 dollars, tandis que les marges brutes se sont améliorées de 53%. Le taux de croissance des revenus était plus de 11 fois supérieur à la moyenne du secteur. L'entreprise a atteint ces résultats tout en réduisant ses dépenses de vente de 10%, démontrant ainsi une gestion efficace des coûts et des gains de parts de marché dans tous les segments.
Leafbuyer Technologies berichtete über starke finanzielle Ergebnisse für das zweite Quartal des Geschäftsjahres 2024, mit einem Umsatzanstieg von 38% im Vergleich zum Vorjahr, der von 1,17 Millionen Dollar auf 1,61 Millionen Dollar stieg. Der Bruttogewinn des Unternehmens stieg um 110% auf 749.281 Dollar, während die Bruttomargen um 53% verbessert wurden. Die Wachstumsrate der Einnahmen war mehr als 11 Mal so hoch wie der Branchendurchschnitt. Das Unternehmen erzielte diese Ergebnisse bei gleichzeitiger Reduzierung der Vertriebskosten um 10%, was eine effektive Kostenkontrolle und Marktanteilsgewinne in allen Segmenten demonstriert.
- Revenue increased 38% YoY to $1.61M
- Gross profit surged 110% to $749,281
- Gross margins improved by 53%
- Selling expenses decreased by 10%
- Growth rate exceeded industry average by 11X
- None.
Financial Highlights:
Revenue rose
38% from$1,169,622 t o$1,609,473 in the second quarter of fiscal year 2024Revenue Increase was more than 11X Industry Growth Rate
Expanding Profit Margins: Gross Margins increased
53% Year to YearGross Profit increased
110% from$356,278 t o$749,281 in the same period
DENVER, CO / ACCESSWIRE / November 20, 2024 / 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 continues to gain market share across all segments. The cost reduction measures we implemented last year have significantly increased our margins. Selling expenses decreased by
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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