- Revenue rose to $923,829 from $602,787 in the second quarter of fiscal year 2021
- Gross Profit increased from $115,746 to $261,770 in the same period
- Selling Expenses decreased from $230,852 to $210,885
DENVER, CO / ACCESSWIRE / FEBRUARY 15, 2022 /Leafbuyer Technologies (OTCQB:LBUY) ("Leafbuyer" or "the Company") a leading cannabis technology and marketing platform, announced today that quarterly revenue rose 53% year over year in the quarter ending December 31, 2021. The increase reflects the GAAP revenue booked in the quarter versus the same quarter of the previous year.
Kurt Rossner, Chief Executive Officer of Leafbuyer, stated, "We are very pleased with the significant growth over the last twelve months. Our growth was nearly three times the industry average and a substantial acceleration from previous results. We continue to drive innovation with our product development and continue to broaden our national sales footprint.”
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.com
Cautionary 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 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 uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in the forward-looking statements due to several
factors detailed from time to time in our filings with the Securities and Exchange Commission. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings.
SOURCE: Leafbuyer Technologies, Inc.
