WM Technology Reports Preliminary Q1 Revenue $42M-$44M, Adjusted EBITDA $5M-$7M
summarizeSummary
WM Technology announced preliminary first quarter 2026 financial results, projecting revenue between $42 million and $44 million and Adjusted EBITDA between $5 million and $7 million. The company also reported approximately $57 million in cash, cash equivalents, and investments as of March 31, 2026. This update follows the company's recent announcement on April 7th regarding its voluntary delisting from Nasdaq to move to OTC Markets, a strategic decision reiterated by the CEO in this release. While these results are preliminary and unaudited, they provide the first financial insight into the current quarter, which is material for a micro-cap company that recently disclosed an adverse auditor opinion on internal controls and a 5% revenue decline in its last 10-K. Investors will be watching for the final Q1 results, expected on May 11, 2026, and further details on the company's transition to the OTCQX exchange.
At the time of this announcement, MAPS was trading at $0.35 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $55.7M. The 52-week trading range was $0.33 to $1.36. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.