Welcome to our dedicated page for Leafly Holdings news (Ticker: LFLY), a resource for investors and traders seeking the latest updates and insights on Leafly Holdings stock.
Leafly Holdings, Inc. (LFLY) operates as a premier online cannabis information resource platform. The company is recognized for offering comprehensive information, reviews, menus, and ordering and delivery options through legal retailers. By providing subscription-based marketplace listings, Leafly connects cannabis retailers and brands with a dedicated audience.
Leafly's platform stands out due to its rich content and user-friendly interface, which includes detailed strain information, user reviews, and educational resources. This makes it an invaluable tool for both new and experienced cannabis consumers. Retailers leverage Leafly's platform to enhance their visibility and reach, utilizing tools and analytics to maximize their market presence.
Recent achievements include expanding partnerships with key cannabis brands and retailers, further enhancing the platform's offerings and user experience. Current projects focus on technological advancements in e-commerce and delivery services, aiming to streamline and enhance the consumer experience.
Financially, Leafly Holdings has been strategically investing in innovations and expanding its market footprint. The company continues to grow its user base and revenue streams, positioning itself as a leader in the cannabis tech space.
With its commitment to providing reliable and relevant cannabis information, Leafly Holdings, Inc. is a key player in the industry, continuously evolving to meet the needs of its audience and partners.
Leafly Holdings (NASDAQ: LFLY) reported a full-year 2022 revenue of $47.4 million, marking a 10% increase from 2021, and a net income of $5.1 million compared to a net loss of $12.0 million in 2021. However, adjusted EBITDA loss was $23.2 million, widening from $9.4 million the previous year. The company expanded its retail accounts by 10% to 5,806. Total operating expenses surged 43% to $69.5 million due to public company costs and new hires. Additionally, a 21% workforce reduction is anticipated to save roughly $8 million annually, as softer ad spending persists into 2023.
Leafly Holdings, Inc. (NASDAQ: LFLY) has announced the release of its financial results for the fourth quarter and fiscal year ended December 31, 2022, scheduled for March 16, 2023, after market close. A webcast will follow at 1:30 p.m. PT to discuss the results. The company, a leader in the cannabis discovery marketplace, aids millions in informed cannabis purchasing decisions through its platform and tools, supporting cannabis businesses with advertising and technology services. For more information, visit Leafly.com.
Leafly Holdings, Inc. (NASDAQ: LFLY) announced that its management will participate in upcoming investor conferences. On December 1, the company will hold meetings at the Benchmark Discovery One-on-One Investor Conference in New York, NY. Additionally, they will present at the Cowen 5th Annual Cannabis Conference on December 8 at 12:30 pm ET, with a live webcast available on Leafly's Investor Relations website. Leafly is a leading online cannabis discovery marketplace, enabling informed consumer decisions and supporting cannabis businesses with advertising and technology services.
Leafly Holdings, Inc. (NASDAQ: LFLY) reported its Q3 2022 financial results with total revenue of $11.8 million, marking an 8.1% increase from Q3 2021. The gross margin stood at 87.1%, down from 88.4% year-over-year. Despite an Adjusted EBITDA loss of $5.2 million, the company achieved a net income of $15.5 million, driven by $22.3 million in gains on derivative liabilities. Ending retail accounts increased by 18.2% year-over-year, reaching 5,637. The company expects 2022 revenue between $47 million and $48 million.
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