Business
CORRECTION FROM SOURCE: Leafbuyer Technologies, Inc. Announces Record Results: 20% Increase in Quarterly Revenue, 68% Increase in Gross Margins and 134% Increase in Net Income
CORRECTION FROM SOURCE: Leafbuyer Technologies, Inc. Announces Record Results: 20% Increase in Quarterly Revenue, 68% Increase in Gross Margins and 134% Increase in Net Income.
About this update from Leafbuyer Technologies, Inc.
[{"type":"text","content":"Updated Financial Highlights Section from Third Quarter to Second QuarterFinancial Highlights:Revenue rose 20% from $1,434,132 to $1,717,127 in the second quarter of fiscal year 2024Expanding Profit Margins: Gross Margins increased 68% Year to YearNet Income increased 134% from ($220,010) loss to $78,815 in the same period DENVER, CO / ACCESSWIRE / February 26, 2025 / Leafbuyer Technologies Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis technology and marketing platform, announced today that quarterly revenue rose 20% year over year in the quarter ending December 31, 2024. The financial data reflects the GAAP revenue booked in the quarter versus the same quarter of the previous year.Kurt Rossner, Chief Executive Officer of Leafbuyer stated, "The company had nice momentum in the last quarter of the year. We were able to secure several large spending MSOs that have increased our overall revenue numbers. Cost reductions are continuing to add to the gross margins, with a nearly 70% increase year to year."About Leafbuyer Technologies, Inc.Leafbuyer Technologies is one of the most comprehensive marketing technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and the Custom App solution to engage with current and potential customers. Leafbuyer.com is a robust online resource for cannabis consumers, and the company's partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month.Learn more at Leafbuyer TechnologiesContact:Leafbuyer Technologies, Inc.Vida Almich [email protected] Statement Regarding Forward-Looking Information Safe Harbor StatementThis press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertaint...