Leafbuyer Technologies, Inc. Announces Record Results: 38% Increase in Quarterly Revenue and 53% Increase in Gross Margins
Leafbuyer Technologies (OTCQB:LBUY) reported strong financial results for Q2 FY2024, with revenue increasing 38% year-over-year from $1,169,622 to $1,609,473. The company's growth rate exceeded industry growth by more than 11 times. Gross margins saw a significant improvement, rising 53% year-over-year, while gross profit more than doubled with a 110% increase from $356,278 to $749,281.
The cannabis technology and marketing platform's cost reduction initiatives implemented last year have proven effective, with selling expenses decreasing by 10% despite the revenue growth. CEO Kurt Rossner indicated that these measures are expected to continue driving margin expansion in the near future.
Leafbuyer Technologies (OTCQB:LBUY) ha riportato risultati finanziari solidi per il secondo trimestre dell'anno fiscale 2024, con un aumento del fatturato del 38% rispetto all'anno precedente, passando da $1,169,622 a $1,609,473. Il tasso di crescita dell'azienda ha superato di oltre 11 volte la crescita del settore. I margini lordi hanno mostrato un miglioramento significativo, con un aumento del 53% anno su anno, mentre il profitto lordo è più che raddoppiato, con un incremento del 110%, passando da $356,278 a $749,281.
Le iniziative di riduzione dei costi della piattaforma tecnologica e di marketing per la cannabis, implementate lo scorso anno, si sono dimostrate efficaci, con una diminuzione delle spese di vendita del 10% nonostante la crescita del fatturato. Il CEO Kurt Rossner ha indicato che queste misure continueranno a guidare l'espansione dei margini nel prossimo futuro.
Leafbuyer Technologies (OTCQB:LBUY) reportó resultados financieros sólidos para el segundo trimestre del año fiscal 2024, con un aumento de ingresos del 38% interanual, pasando de $1,169,622 a $1,609,473. La tasa de crecimiento de la empresa superó en más de 11 veces el crecimiento de la industria. Los márgenes brutos mostraron una mejora significativa, aumentando un 53% interanual, mientras que el beneficio bruto se más que duplicó con un aumento del 110%, de $356,278 a $749,281.
Las iniciativas de reducción de costos de la plataforma de tecnología y marketing de cannabis implementadas el año pasado han demostrado ser efectivas, con una disminución del 10% en los gastos de venta a pesar del crecimiento en los ingresos. El CEO Kurt Rossner indicó que se espera que estas medidas continúen impulsando la expansión de márgenes en un futuro cercano.
리프바이어 테크놀로지스 (OTCQB:LBUY)는 2024 회계연도 2분기 강력한 재무 결과를 보고했으며, 수익은 전년 대비 38% 증가하여 $1,169,622에서 $1,609,473로 증가했습니다. 회사의 성장률은 업계 성장률을 11배 이상 초과했습니다. 총 마진은 전년 대비 53% 증가하여 상당한 개선을 보였고, 총 이익은 $356,278에서 $749,281로 110% 증가하며 두 배 이상 증가했습니다.
작년에 시행된 대마초 기술 및 마케팅 플랫폼의 비용 절감 이니셔티브는 효과가 입증되었으며, 수익 성장에도 불구하고 판매 비용이 10% 감소했습니다. CEO 커트 로스너는 이러한 조치가 가까운 미래에 마진 확대를 계속 추진할 것으로 예상된다고 밝혔습니다.
Leafbuyer Technologies (OTCQB:LBUY) a rapporté des résultats financiers solides pour le deuxième trimestre de l'exercice 2024, avec un chiffre d'affaires en hausse de 38% par rapport à l'année précédente, passant de $1,169,622 à $1,609,473. Le taux de croissance de l'entreprise a dépassé la croissance du secteur de plus de 11 fois. Les marges brutes ont connu une amélioration significative, augmentant de 53% d'une année sur l'autre, tandis que le bénéfice brut a plus que doublé avec une augmentation de 110%, passant de $356,278 à $749,281.
Les initiatives de réduction des coûts de la plateforme technologique et marketing de cannabis mises en œuvre l'année dernière se sont révélées efficaces, avec une diminution des frais de vente de 10% malgré la croissance des revenus. Le PDG Kurt Rossner a indiqué que ces mesures devraient continuer à favoriser l'expansion des marges dans un avenir proche.
Leafbuyer Technologies (OTCQB:LBUY) berichtete über starke Finanzergebnisse für das zweite Quartal des Geschäftsjahres 2024, mit einem Umsatzanstieg von 38% im Vergleich zum Vorjahr, von $1,169,622 auf $1,609,473. Die Wachstumsrate des Unternehmens übertraf das Branchenwachstum um mehr als das 11-fache. Die Bruttomargen verzeichneten eine signifikante Verbesserung und stiegen um 53% im Jahresvergleich, während der Bruttogewinn sich mehr als verdoppelte und um 110% von $356,278 auf $749,281 anstieg.
Die im letzten Jahr umgesetzten Kostenreduktionsinitiativen der Cannabis-Technologie- und Marketingplattform haben sich als effektiv erwiesen, da die Verkaufsaufwendungen trotz des Umsatzwachstums um 10% gesenkt wurden. CEO Kurt Rossner gab an, dass diese Maßnahmen voraussichtlich auch in naher Zukunft das Margenwachstum vorantreiben werden.
- Revenue increased 38% YoY to $1.61M
- Gross profit surged 110% to $749,281
- Gross margins improved by 53%
- Selling expenses reduced by 10%
- Growth rate 11X higher than industry average
- 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 / ACCESS Newswire / February 17, 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 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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