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Leafly Holdings (LFLYD)
OTHER OTC:LFLYD
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Leafly Holdings
(OTC:LFLYD)
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Rating:38Underperform
Price Target:
$35.00
▼(-5.41% Downside)
Leafly Holdings' overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company's high leverage, negative equity, and lack of profitability are significant concerns. Additionally, the stock's technical analysis indicates weak market sentiment, further contributing to the low score. The absence of earnings call data and corporate events does not alter the overall assessment.
Leafly Holdings (LFLYD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$232.18K
Dividend YieldN/A
Average Volume (3M)76.00
Price to Earnings (P/E)―
Beta (1Y)-1.99
Revenue Growth-16.42%
EPS Growth39.35%
CountryUS
Employees110
SectorCommunication Services
Sector Strength97
IndustryMedical - Pharmaceuticals
Share Statistics
EPS (TTM)N/A
Shares Outstanding6,275
10 Day Avg. Volume0
30 Day Avg. Volume76
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Sell
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Leafly Holdings Business Overview & Revenue Model
Company DescriptionLeafly Holdings (LFLYD) is a leading technology and media company in the cannabis industry, primarily focused on providing consumers with information, education, and access to cannabis products. The company operates a popular online platform that connects users with dispensaries and cannabis products, offering strain reviews, product information, and a marketplace for cannabis-related services. Leafly also engages in digital advertising, facilitating connections between cannabis brands and consumers, while providing insights and analytics to help businesses navigate the evolving cannabis market.
How the Company Makes MoneyLeafly generates revenue through multiple streams, primarily from digital advertising, subscription services, and partnerships with cannabis retailers. The company's advertising revenue comes from brands paying to promote their products on the Leafly platform, leveraging its extensive user base and engagement metrics. Additionally, Leafly offers subscription-based services to dispensaries and cannabis businesses, providing them with tools for inventory management, online ordering, and customer engagement. Partnerships with industry players, such as cannabis producers and distributors, further enhance its revenue model by allowing Leafly to provide targeted marketing and analytics services, thus strengthening its market position and driving earnings.
Leafly Holdings Earnings Call Summary
Earnings Call Date:―
(Q2-2024)
| Next Earnings Date:―
Earnings Call Sentiment Neutral
While Leafly achieved a positive adjusted EBITDA and made strategic expansions, significant revenue declines, retail account reductions, and ongoing payment delinquencies present notable challenges. The positive aspects are countered by financial and operational hurdles.Q2-2024 Updates
Positive Updates
Positive Adjusted EBITDA
Leafly reported a positive adjusted EBITDA of $483,000 for Q2, reflecting continued focus on profitability despite muted revenue performance.
Improved Gross Margin
Gross margin improved to 89% in Q2 compared to 88% in the same quarter last year.
Ohio Recreational Program Launch
Leafly sees strong momentum with the early launch of Ohio's recreational cannabis program, with projected annual sales reaching $2.8 billion by 2030.
Expansion with Uber Eats in Alberta
Leafly expanded its partnership with Uber Eats in Alberta, Canada, enabling legal cannabis delivery directly to consumers' homes.
Negative Updates
Revenue Decline
Leafly reported a Q2 revenue of $8.7 million, down 18.3% year-over-year and 3.6% sequentially.
Retail Account Reduction
The number of retail accounts decreased to 3,595, a decline of 245 accounts compared to the previous quarter, with significant declines in Florida, California, and Oklahoma.
Brand Revenue Drop
Brand revenue was $1.4 million, down 25% year-over-year, although it increased from $1.2 million in Q1.
Payment Delinquencies
Payment delinquencies accounted for nearly 40% of the monthly recurring revenue lost in the quarter, reflecting broader industry capital challenges.
Company Guidance
During the Leafly Q2 2024 earnings call, the company provided guidance for the third quarter, projecting revenue of around $8.4 million and an adjusted EBITDA loss of less than $1 million. For Q2, Leafly reported revenue of $8.7 million, a net loss of $1.3 million, and a positive adjusted EBITDA of $483,000, surpassing guidance. The company highlighted a 6.4% reduction in retail accounts, ending the quarter with 3,595 accounts, and noted that payment delinquencies accounted for nearly 40% of the monthly recurring revenue lost. Despite a 25% year-over-year decline in brand revenue to $1.4 million, there was an observed increase from Q1, attributed to seasonal spending around the 420 holiday. Leafly also reported improvements in gross margin, which stood at 89%, and a decrease in operating expenses, down 17.5% year-over-year. The company continues to focus on operational efficiency and stabilizing revenues while expressing optimism about ongoing projects and market opportunities in regions like Ohio and Washington, D.C.Leafly Holdings Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
40
Negative
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Leafly Holdings Technical Analysis
Negative
37.00
Price Trends
50.14
Negative
78.72
Negative
96.50
Negative
Market Momentum
-2.99
Negative
34.78
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LFLYD, the sentiment is Negative. The current price of 37 is below the 20-day moving average (MA) of 37.00, below the 50-day MA of 50.14, and below the 200-day MA of 96.50, indicating a bearish trend. The MACD of -2.99 indicates Negative momentum. The RSI at 34.78 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LFLYD.
Leafly Holdings Risk Analysis
Leafly Holdings disclosed 90 risk factors in its most recent earnings report. Leafly Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
Our shares of common stock are listed on Nasdaq, but we cannot guarantee that we will be able to satisfy the continued listing standards going forward. Q3, 2022
2.
If we are unable to execute cost-cutting measures successfully, our total operating costs may be greater than expected, which would adversely affect our profitability. Q3, 2022
Leafly Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
44 Neutral | $248.47M | ― | ― | ― | 37.74% | 69.79% | |
40 Underperform | $7.34M | -2.86 | ― | ― | 95.23% | 34.97% | |
38 Underperform | $232.18K | -0.04 | ― | ― | -16.42% | 39.35% | |
38 Underperform | $37.68M | ― | -79.38% | ― | ― | 17.02% |
* Communication Services Sector Average
LFLYD
Leafly Holdings
37.00
-723.00
-95.13%
LDWY
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3.80
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8.88%
RNTX
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1.49
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LFMD
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5.06
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BAOS
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2.61
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NEUP
Neuphoria Therapeutics
4.89
1.09
28.68%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.