Leafbuyer Technologies, Inc. Announces Quarterly Results
16% Increase in Year-Over-Year Revenue Growth and a 44% increase in Gross profit DENVER, CO / ACCESS Newswire / May 14, 2025 / Leafbuyer Technologies Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced …
16% Increase in Year-Over-Year Revenue Growth and a 44% increase in Gross profit
DENVER, CO / ACCESS Newswire / May 14, 2025 / Leafbuyer Technologies Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that revenue grew 16% and gross profit increased by 44% in the quarter ending March 31, 2025.
Leafbuyer's 16% year-over-year revenue growth rate is more than double the industry's projected compound annual growth rate of 7.5%, according to New Frontier Data. Increased sales of the Company's loyalty, texting, online ordering, and web application solutions account for the continued success. "We are pleased with our continued revenue increases across our segments. We do see some industry headwinds that are creating a more challenging marketplace. We were able to have our best bottom line quarterly performance with an increase in net income of 237% to $235,154 this quarter," said Kurt Rossner, CEO of Leafbuyer.
Leafbuyer realizes revenue from the sale of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The solutions include loyalty programs, mobile application-based order ahead, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
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 Smart 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 tech.leafbuyer.com
Contacts
Leafbuyer Technologies, Inc.
Vida Almich 720-427-3927
vida@leafbuyertech.com
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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
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