LFLY
Leafly Holdings, Inc.37.00
+0.00+0%
Sep 24, 4:00:00 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
232.14KP/E (TTM)
-Basic EPS (TTM)
-900.00Dividend Yield
0%Recent Filings
8-K
Reverse split enables deregistration
Leafly Holdings executed a 1-for-500 reverse stock split effective June 20, 2025, slashing outstanding common shares from 3.15 million to about 5,000 and trimming authorized shares sharply. This maneuver drops record holders below 300, paving the way for SEC deregistration via Form 15 to halt public reporting burdens. Yet the board shelved a proposed name change to Leafly.com Holdings, opting to reassess in six months. Equity awards accelerated to sidestep split costs.
10-Q
Q1 FY2025 results
Leafly's Q1 FY2025 revenue fell 13% y/y to $7.9M, with retail down 12% to $6.9M and brands off 20% to $0.9M, yet gross profit held at 89.8% margin amid cost efficiencies. Operating loss narrowed to $1.2M from $1.7M, while net loss improved to $1.8M or $(0.59) per diluted share on 3.0M shares, consistent with basic. Cash burned $1.9M in operations, leaving $8.6M at quarter-end after repaying $3.7M on $25.7M convertible notes due July 2025 at 8% interest; free cash flow not disclosed in the 10-Q. Delisting to OTC and reverse split plans aim to slash public costs. Substantial doubt lingers on going concern amid regulatory hurdles in cannabis.
8-K
Annual meeting postponed
Leafly Holdings postponed its 2025 annual stockholder meeting from May 28 to June 11, setting a record date of May 9. This shift, announced May 6, preserves the March 24 deadline for director nominations and other proposals. Investors face a brief delay in governance matters. No rationale disclosed.
8-K
Leafly eases reverse split path
Leafly Holdings issued one share of Series A Preferred Stock to CEO Yoko Miyashita for $100 on April 1, 2025, granting it 100 million votes solely on reverse stock split proposals, mirroring common stock votes while neutralizing abstentions' impact. The board also cut the stockholder quorum to one-third and accepted director Alan Pickerill's resignation without disagreement. This setup eases approval of a reverse split. Redemption follows at $100 upon approval.
10-K
FY2024 results
Leafly Holdings wrapped FY2024 with revenue of $34.6M, down 18% y/y amid cannabis industry headwinds, but narrowed net loss to $5.7M from $9.5M in 2023 through aggressive cost cuts, including a 20-employee reduction to 111 staff. Q4 showed sequential stabilization, with retail accounts dipping just 2% q/q to 3,480 while ARPA climbed 14% y/y to $692, signaling pricing power amid churn from budget-strapped suppliers; brands revenue fell 25% y/y but gross margins held firm at 89%. Liquidity stood at $14.8M cash, yet $29.4M in 2022 Notes loom due July 2025 post-extension, with covenants demanding $30M annualized revenue and positive EBITDA trends. No 2025 guidance disclosed. Federal illegality risks could stall quarterly momentum.
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