Leafly Holdings, Inc. (NASDAQ: LFLY) revenue was $47.4 million for the year ended December 31, 2022, an increase of 10% compared to $43 million in the prior year.
Full Year 2022 Financial Results
-
Gross margin was 88%, consistent with FY 2021.
-
Net income for 2022 was $5.1 million, compared to net loss of $12.0 million in FY 2021.
-
Adjusted EBITDA loss was $23.2 million, compared to adjusted EBITDA loss of $9.4 million in FY 2021.
Fourth Quarter 2022 Financial Results
-
Total revenue was $12.1 million, in line with Q4 2021.
-
Gross margin was 88%, consistent with Q4 2021.
-
Net loss was $5.8 million, compared to net loss of $5.1 million in Q4 2021.
-
Adjusted EBITDA loss was $4.2 million, compared to adjusted EBITDA loss of $4.1 million in Q4 2021.
Cost Savings
The company announced a headcount reduction of approximately 40 positions – …