Leafly Holdings, Inc. (LFLY) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Leafly Holdings, Inc. reported a third-quarter revenue of $8.4 million and a net loss of $1.1 million, while achieving a positive adjusted EBITDA of $0.4 million for the second consecutive quarter. The company is focusing on stabilizing its retail business and managing operating costs effectively to capitalize on future growth opportunities. Leafly aims to maintain its momentum in generating positive adjusted earnings by building a lean and efficient business operation.
For further insights into LFLY stock, check out TipRanks’ Stock Analysis page.