LEAFBUYER TECHNOLOGIES - LBUY STOCK NEWS

Leafbuyer Technologies (OTCQB:LBUY) reported a 53% rise in cash sales for November 2022, totaling $444,000, compared to $290,000 in November 2021. The company attributes this growth to effective strategies and innovations amidst a declining retail cannabis market in Colorado. CEO Kurt Rossner expressed optimism about future financial progress and ongoing projects aimed at sustaining growth through 2023. Leafbuyer remains focused on providing value and ROI for clients in the cannabis industry.

Leafbuyer Technologies (OTCQB:LBUY) announced the signing of contracts with three multi-state operators (MSOs) totaling over $450,000 in annual revenue. The company is growing at nearly double the industry rate, as noted by COO Mark Breen, highlighting the effectiveness of their targeted marketing strategies and custom solutions. Leafbuyer will release its current quarter results in early February. As a leading cannabis marketing technology provider, Leafbuyer serves hundreds of cannabis businesses and maintains a strong digital presence through its platform.

Leafbuyer Technologies, Inc. (OTCQB:LBUY) reported a significant increase in quarterly revenue, rising to $1,128,665, up 32.5% year-over-year. The company's gross profit also saw a notable increase, climbing to $476,145, reflecting a 115% year-on-year growth. Operating expenses decreased from $809,639 to $635,136, showcasing improved efficiency. CEO Kurt Rossner highlighted strong demand for higher-margin products amidst a challenging overall cannabis market. Leafbuyer continues to expand into new markets, contributing to their positive growth trajectory.

Leafbuyer Technologies (OTCQB:LBUY) reported a remarkable 59.5% annualized sales growth in cash sales for September 2022 compared to the same month last year. This growth is attributed to advancements in technology, organic growth, and successful integrations with larger multi-state operators. CEO Kurt Rossner highlighted enhancements in platform features and reduced variable costs for services. The company aims for continued growth and margin expansion through future platform enhancements and customer engagement strategies.

Leafbuyer Technologies (OTCQB:LBUY) announced record-breaking results for the fiscal year ending June 30, 2022.

Annual revenue surged to $3.8 million, reflecting a 43% increase from the prior year. The company reported a net profit of $955,695.

Operational efficiencies were achieved, leading to a 12% reduction in total operating expenses, decreasing from $3,054,637 to $2,698,313.

Additionally, interest expenses on loans were significantly lowered, contributing to a positive cash flow position.

Leafbuyer Technologies announced a 46% year-over-year increase in quarterly revenue, reaching $984,000 for the quarter ending March 31, 2022. The gross profit rose to $292,682, demonstrating significant growth in comparison to $171,331 from the previous period. Additionally, operating expenses decreased to $513,469, while gross margins improved by 17%. CEO Kurt Rossner highlighted plans for continued growth and upcoming product launches.

Leafbuyer Technologies (OTCQB:LBUY) reported a remarkable 58% year-over-year sales growth, achieving the best sales month in its history for March 2022. The increase reflects cash sales booked compared to the same month last year. This success is attributed to new technology developments, integrations with top POS companies, and organic client growth. CEO Kurt Rossner noted a 22% surge in sales over the past four months with significantly reduced overhead costs. Full GAAP quarterly results are expected by May 15, 2022.

Leafbuyer Technologies (OTCQB:LBUY) announced a 53% year-over-year revenue increase for the quarter ending December 31, 2021, rising to $923,829 from $602,787. Gross profit also surged, climbing to $261,770 compared to $115,746 in the same period. Furthermore, selling expenses decreased to $210,885 from $230,852. CEO Kurt Rossner highlighted that this growth outpaces the industry average and reflects ongoing product innovation and expansion of the company's sales footprint.

Leafbuyer Technologies, Inc. (OTCQB:LBUY) reported significant financial growth for the first quarter of fiscal year 2021. Revenue increased to $850,693, a 30.5% rise from $652,723 in the previous year. Operating expenses also declined from $921,967 to $809,632, and net cash used in operations decreased to $116,491 from $427,685. CEO Kurt Rossner emphasized the company's position to capitalize on the expanding cannatech market, aided by their loyalty platform and website.