Thu, May 15, 10:08 AM (37 days ago)
**Leafly Holdings, Inc. (LFLY) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $7,882 (down 13% YoY from $9,048) - Retail revenue: $6,946 (down 12% YoY) - Brands revenue: $936 (down 20% YoY) - **Gross Profit:** $7,080 (down 12% YoY from $8,072) - **Operating Expenses:** $8,321 (down 15% YoY from $9,820) - Sales & marketing: $2,155 (down 18% YoY) - Product development: $2,136 (down 11% YoY) - General & administrative: $4,030 (down 16% YoY) - **Net Loss:** $1,781 (down 25% YoY from $2,387) - **Cash & Cash Equivalents:** $8,881 (down 40% from $14,772) **Profit Margins:** - Gross margin: 90% (up from 89%) - Operating margin: -22% (improved from -19%) **Cash Flow:** - Net cash used in operations: $1,862 (up from $873) - Net cash used in investing: $349 (up from $209) - Net cash used in financing: $3,680 (up from $114) **Earnings Changes:** - EBITDA: -$813 (improved from -$1,451) - Adjusted EBITDA: $49 (improved from -$867) **Key Metrics & Trends:** - Ending retail accounts: 3,362 (down 12% YoY) - Retailer ARPA: $684 (up 1% YoY) - Cost savings efforts and headcount reductions led to lower operating expenses. **Uncertainties & Future Operations:** - Substantial doubt about Leafly's ability to continue as a going concern due to debt maturity and liquidity issues. - Considering going private to reduce costs and suspend reporting obligations. - Delisted from Nasdaq; trading on OTC Pink. - Seeking capital infusion or debt refinancing to meet obligations. - Reverse stock split proposal to reduce record holders and suspend reporting. **Impact:** - Delisting and potential going private may limit access to capital markets. - Reverse stock split may affect liquidity and trading volume. - Continued cost savings and strategic alternatives are crucial for sustainability.