Business
Leafbuyer Technologies, Inc. Announces Record Results: 38% Increase in Quarterly Revenue and 53% Increase in Gross Margins
Leafbuyer Technologies, Inc. Announces Record Results: 38% Increase in Quarterly Revenue and 53% Increase in Gross Margins.
About this update from Leafbuyer Technologies, Inc.
[{"type":"text","content":"Financial Highlights:Revenue rose 38% from $1,169,622 to $1,609,473 in the second quarter of fiscal year 2024Revenue Increase was more than 11X Industry Growth RateExpanding Profit Margins: Gross Margins increased 53% Year to YearGross Profit increased 110% from $356,278 to $749,281 in the same period DENVER, CO / ACCESS Newswire / February 17, 2025 / Leafbuyer Technologies Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis technology and marketing platform, announced today that quarterly revenue rose 38% year over year in the quarter ending September 30, 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 continues to gain market share across all segments. The cost reduction measures we implemented last year have significantly increased our margins. Selling expenses decreased by 10%, while revenue increased by 38%. These cost-reduction measures should continue to drive margin expansions in the near future. We are pleased with where the Company is positioned and the market reaction to our product offerings."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 ...