WM Technology, Inc. (MAPS)
OTCInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
$0.36-2.17%
Close 2026-09-09 · 1-day change
OTCInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
Broken: Primary pillar broken — Revenue stabilizes near $43.6M in 2026-Q1: rev $42.4M vs $43.6M.
The company aims to stop revenue decline near $43.6M in 2026-Q1. It targets adjusted EBITDA between $5M and $7M. Management plans to fix Nasdaq listing problems. These steps could stabilize and grow the business.
Revenue keeps falling below $43.6M. EBITDA misses the $5M to $7M range. Nasdaq delisting issues remain unresolved. The company may fail to recover.
The price is about 23% below our fair value near $0.51. Analysts expect revenue to fall about 8%. Our view aligns with this cautious outlook.
Breaks if: Adjusted EBITDA falls below $5M in any quarter after 2026-Q1
Aim to improve Adjusted EBITDA within the guided range of $5M to $7M.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This is a turnaround investment thesis focused on stabilizing revenue and improving profitability. The current state reflects mixed results, with management emphasizing growth but facing declining financial metrics.
The market appears to have priced in a low level of fragility, suggesting that current valuations are justified compared to peers. There is a slight expectations gap, indicating that the market is not overly optimistic about immediate improvements.
Management's focus on revenue stabilization and adjusted EBITDA improvement has shown limited progress, with recent declines in both areas. The high risk factor suggests that near-term challenges could persist, impacting overall performance.
Key scenarios include potential cuts to guidance, which could negatively affect sentiment, or favorable conditions such as Fed rate cuts and strong performance from sector leaders that might provide a boost. Monitoring these factors will be crucial for the multi-year outlook.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Failure to resolve delisting within 4 quarters
Address the delisting notice and work towards compliance with Nasdaq listing standards.
Breaks if: Revenue falls below $43.6M in any quarter after 2026-Q1
Focus on stabilizing revenue and growing the business by expanding into underpenetrated states and evaluating adjacent cannabis ecosystem opportunities.
Stated as a priority in 2 of last 2 quarters. Revenue declined from $44.6M in 2025-Q1 to $42.4M in 2026-Q2, with average monthly paying clients decreasing from 5,179 to 5,040. Management emphasizes expansion into underpenetrated states and adjacent opportunities, but revenue and client metrics show limited progress in stabilization and growth.
“Weedmaps is responding by strengthening our core marketplace and expanding into underpenetrated states and continuing to evaluate adjacent opportunities.”
“We are pairing long-term optimism with disciplined execution by investing in product enhancements and sharpening our go-to-market efforts.”
In the next 1 to 3 years, MAPS must navigate significant challenges while addressing regulatory compliance and improving financial performance. Not investment advice.