Business
Leafbuyer Technologies, Inc. Announces Results: Revenue up Over 30%
Leafbuyer Technologies, Inc. Announces Results: Revenue up Over 30%.
About this update from Leafbuyer Technologies, Inc.
[{"type":"text","content":"Financial Highlights: Revenue rose to $850,693 from $652,723 in the first quarter of fiscal year 2021 Operating expenses decreased from $921,967 to $809,632 in the same periodNet Cash used in Operations decreased to $116,491 from $427,685 in the year DENVER, CO / ACCESSWIRE / November 16, 2021 / Leafbuyer Technologies, Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company") a leading cannabis technology and marketing platform, announced today that quarterly cash sales growth rose 30.5% year over year in the quarter ending September 30, 2021. The increase reflects the GAAP sales booked in the quarter versus the same quarter of the previous year.Kurt Rossner, Chief Executive Officer of Leafbuyer, stated, "Our 1st quarter results reflect strong growth in revenues and a substantial reduction in cash burn. The company is well positioned going forward to exploit the increasing opportunity in the cannatech market. As we go into the 2nd quarter of fiscal 2022, we believe that strong demand will continue as we continue to expand our national footprint and expand our industry leading technology platform. Our revenue increase was primarily driven by strong demand for our loyalty platform and the value of an industry leading website, http://www.leafbuyer.com." 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 www.tech.leafbuyer.comContact:Leafbuyer Technologies, Inc. Vida Almich 720.427.3927 [email protected] Statement Regarding Forward-Looking Information Safe Harbor Statement This 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...