Leafly Holdings Inc
NASDAQ:LFLY

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Leafly Holdings Inc Logo
Leafly Holdings Inc
NASDAQ:LFLY
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Price: 37 USD Market Closed
Market Cap: 230k USD

Leafly Holdings Inc
Investor Relations

Leafly Holdings, Inc. operates as an online platform to buy and learn about cannabis products. The company is headquartered in New York City, New York. The company went IPO on 2019-11-05. I, provides a discovery marketplace which is called as Leafly. The firm's ecommerce tools help shoppers make informed purchase decisions and enable cannabis businesses to retain loyal customers through advertising and technology services. Its Website is focused on cannabis use and education. The firm's Website enables users to discover cannabis products and order them from legal, licensed retailers. Leafly mobile application is available on Apple’s App Store and Google Play.

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Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Aug 8, 2024
AI Summary
Q2 2024

Revenue: Q2 revenue was $8.7 million, down 18.3% year-over-year and in line with guidance.

Profitability: Net loss was $1.3 million, but adjusted EBITDA was positive at $483,000, ahead of guidance due to successful collection efforts.

Retail Accounts: Retail accounts declined 6.4% sequentially to 3,595, with account losses concentrated in Florida, California, and Oklahoma.

ARPA Growth: Average revenue per account (ARPA) rose 23% year-over-year to $684 as lower-ARPA accounts left the platform.

Guidance: Q3 revenue is expected to be around $8.4 million with an adjusted EBITDA loss of less than $1 million.

Liquidity: Leafly ended Q2 with $13.6 million in cash and launched an ATM offering for added financial flexibility.

Nasdaq Listing: Leafly is working with Nasdaq to regain compliance and remains listed on the Nasdaq Capital Market.

Key Financials
Revenue
$8.7 million
Net Loss
$1.3 million
Adjusted EBITDA
$483,000
Retail Accounts
3,595
Brand Revenue
$1.4 million
Gross Margin
89%
Operating Expenses
$8.4 million
ARPA (Average Revenue Per Account)
$684
Cash Balance
$13.6 million
Bad Debt Expense as % of Revenue
2.4%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Yoko Miyashita
CEO & Director
No Bio Available
Mr. Peter H. L. Lee
President, COO & Director
No Bio Available
Mr. Suresh Krishnaswamy
Chief Financial Officer
No Bio Available
Ms. Nicole C. Sanchez
General Counsel & Secretary
No Bio Available
Ms. Deidre Boulware
Chief People Officer
No Bio Available
Mr. Carlos Pinto
Chief Commercial Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
641 Lexington Avenue, 18Th Floor
Contacts
+12128188638.0