WM Technology Full Year 2022 Earnings: EPS Misses Expectations

WM Technology (NASDAQ:MAPS) Full Year 2022 Results

Key Financial Results

• Revenue: US$215.5m (up 12% from FY 2021).
• Net loss: US$116.0m (down by 292% from US$60.4m profit in FY 2021).
• US$1.36 loss per share (down from US$0.93 profit in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

WM Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for WM Technology that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.