WM Technology Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

WM Technology (NASDAQ:MAPS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$45.9m (down 5.2% from 2Q 2023).
• Net income: US$716.0k (down 42% from 2Q 2023).
• Profit margin: 1.6% (down from 2.5% in 2Q 2023).
• EPS: US$0.008 (down from US$0.013 in 2Q 2023).

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

WM Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 2 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 2.3% 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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