Leafly reports Q3 EPS ($1.10), consensus ($1.20)

Reports Q3 revenue $10.6M, consensus $11.01M. “Our third quarter results reflect our progress toward building a sustainable business in a challenging market,” said Yoko Miyashita, CEO of Leafly. “Cannabis markets continue to experience pain points of various types, but the industry continues to evolve. The Leafly platform plays an important role, providing the technology retailers need to drive consumer sales and e-commerce shopping experiences. With a strategic focus on profitability, we are carefully managing expenses which we believe will set us up for growth as the cannabis market matures and recovers.”