Leafly Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 04:05 pm EDT
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Leafly Holdings, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 11.25 million compared to USD 11.42 million a year ago. Net loss was USD 5.4 million compared to USD 19.38 million a year ago.
Basic loss per share from continuing operations was USD 2.8 compared to USD 10.4 a year ago. Diluted loss per share from continuing operations was USD 2.8 compared to USD 10.4 a year ago.
Leafly Holdings, Inc. operates an online cannabis discovery marketplace and resource for cannabis consumers. The Company offers cannabis retailers and brands subscription-based marketplace listings that provide its cannabis audience with information, reviews, menus, and ordering and delivery options through legal retailers. It provides retailers with subscription-based offerings and advertising tools to attract its audience to their menus and ultimately, convert that audience into a community of shoppers. It also provides a suite of online tools, which allow retailers to engage and communicate with consumers they acquire on its platform, including a portfolio of software as a service (SaaS)-based tools that allow the retailers to update their menus on the Leafly platform, create deals and promotions for consumers, manage their Leafly order reservation operations, integrate with selected POS systems, and view dashboards and analytics to help them make sales and merchandising decisions.