Leafly Holdings Faces Lower Revenue, Tightens Operations
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Leafly Holdings Faces Lower Revenue, Tightens Operations

Leafly Holdings, Inc. (LFLY) has released an update.

Leafly Holdings, Inc. reported a revenue of $9.0 million in Q1 2024, down from $11.2 million the previous year, alongside a net loss of $2.4 million and an adjusted EBITDA loss of $0.9 million. Despite a decrease in revenue and cash, the company improved its gross margin to 89% and reduced total operating expenses by 34%, reflecting enhanced operational efficiency. Leafly is also exploring financing and strategic opportunities with the aid of financial advisors, indicating proactive steps toward future growth.

For further insights into LFLY stock, check out TipRanks’ Stock Analysis page.

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