WM Technology, Inc. (NASDAQ: MAPS) revenue was $215.5 million for the year ended December 31, 2022, an increase of 11% compared to $193.1 million in the prior year.
Q4 2022 Financial Highlights
Revenue was $49.3 million, a decrease of 9% compared to $54.2 million in the fourth quarter of 2021.
Net loss was $60.8 million as compared to net income of $78.4 million in the prior year period. The net loss included the impact of severance payments related to headcount reductions as well as a non-cash charge related to a full valuation allowance recorded against deferred tax assets.
Adjusted EBITDA was $1.5 million as compared to $3.8 million in the prior year period. Prior to provision for doubtful accounts (non-cash), adjusted EBITDA was $3.9 million as compared to $6.3 million in the prior year period.
Basic and diluted net loss per share were $1.19 based on 91.4 million weighted average …