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WM Technology ( (MAPS) ) just unveiled an update.
WM Technology, Inc. has appointed Douglas Francis as CEO with a lucrative package including stock options and bonuses, while Susan Echard has been confirmed as CFO. The company announced strong financial results for Q3 2024, with net income soaring 312% to $5.3 million and cash reserves growing to $45 million. Despite challenges like product withdrawals, WM Technology remains profitable with an Adjusted EBITDA of $11.3 million, marking its eighth consecutive profitable quarter, and is poised for strategic growth in 2025.
For a thorough assessment of MAPS stock, go to TipRanks’ Stock Analysis page.