WM Technology (MAPS)
Market Price (4/22/2026): $0.35 | Market Cap: $38.1 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
WM Technology (MAPS)
Market Price (4/22/2026): $0.35Market Cap: $38.1 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 5.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 35% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -94% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -69% Megatrend and thematic driversMegatrends include Cannabis Industry Digitization. Themes include Cannabis E-commerce Platforms, Cannabis Delivery & Logistics, and Cannabis Marketing & Advertising. | Weak multi-year price returns2Y Excs Rtn is -110%, 3Y Excs Rtn is -119% | Penny stockMkt Price is 0.3 Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.6%, Rev Chg QQuarterly Revenue Change % is -9.7% Key risksMAPS key risks include [1] material weaknesses in its internal controls over financial reporting and [2] declining revenue per client due to significant competitive pressure. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 5.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 35% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -94% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -69% |
| Megatrend and thematic driversMegatrends include Cannabis Industry Digitization. Themes include Cannabis E-commerce Platforms, Cannabis Delivery & Logistics, and Cannabis Marketing & Advertising. |
| Weak multi-year price returns2Y Excs Rtn is -110%, 3Y Excs Rtn is -119% |
| Penny stockMkt Price is 0.3 |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.6%, Rev Chg QQuarterly Revenue Change % is -9.7% |
| Key risksMAPS key risks include [1] material weaknesses in its internal controls over financial reporting and [2] declining revenue per client due to significant competitive pressure. |
Qualitative Assessment
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WM Technology (MAPS) stock has lost about 60% since 12/31/2025 because of the following key factors:
1. Voluntary delisting from Nasdaq due to sustained low share price and high compliance costs.
WM Technology announced its voluntary delisting from the Nasdaq Global Select Market, effective April 17, 2026, with the last trading day on Nasdaq expected to be April 24, 2026. The company's shares had not traded above $1 since December 18, 2025, and it received a deficiency notice from Nasdaq on February 4, 2026, for trading below $1 for thirty consecutive business days. Management cited thin trading volumes, high compliance costs, and regulatory constraints as key reasons for the delisting.
2. Disappointing Q4 2025 financial results and weak Q1 2026 guidance.
On March 12, 2026, WM Technology reported a Q4 2025 earnings per share (EPS) of -$0.03, significantly missing the anticipated $0.04 by 175%. Revenue for the quarter was $43.07 million, a 10% year-over-year decrease and slightly below the forecasted $43.85 million. The company further projected a sequential revenue decline of mid- to high-single digit percentages for Q1 2026 from Q4 2025 levels.
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1. Voluntary delisting from Nasdaq due to sustained low share price and high compliance costs.
WM Technology announced its voluntary delisting from the Nasdaq Global Select Market, effective April 17, 2026, with the last trading day on Nasdaq expected to be April 24, 2026. The company's shares had not traded above $1 since December 18, 2025, and it received a deficiency notice from Nasdaq on February 4, 2026, for trading below $1 for thirty consecutive business days. Management cited thin trading volumes, high compliance costs, and regulatory constraints as key reasons for the delisting.
2. Disappointing Q4 2025 financial results and weak Q1 2026 guidance.
On March 12, 2026, WM Technology reported a Q4 2025 earnings per share (EPS) of -$0.03, significantly missing the anticipated $0.04 by 175%. Revenue for the quarter was $43.07 million, a 10% year-over-year decrease and slightly below the forecasted $43.85 million. The company further projected a sequential revenue decline of mid- to high-single digit percentages for Q1 2026 from Q4 2025 levels.
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Stock Movement Drivers
Fundamental Drivers
The -57.6% change in MAPS stock from 12/31/2025 to 4/21/2026 was primarily driven by a -74.5% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.83 | 0.35 | -57.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 179 | 175 | -2.6% |
| Net Income Margin (%) | 4.4% | 1.1% | -74.5% |
| P/E Multiple | 11.3 | 19.4 | 72.4% |
| Shares Outstanding (Mil) | 108 | 109 | -1.2% |
| Cumulative Contribution | -57.6% |
Market Drivers
12/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| MAPS | -57.6% | |
| Market (SPY) | -5.4% | 32.9% |
| Sector (XLK) | 7.4% | -3.3% |
Fundamental Drivers
The -69.9% change in MAPS stock from 9/30/2025 to 4/21/2026 was primarily driven by a -76.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.16 | 0.35 | -69.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 184 | 175 | -4.9% |
| Net Income Margin (%) | 4.8% | 1.1% | -76.4% |
| P/E Multiple | 14.0 | 19.4 | 38.6% |
| Shares Outstanding (Mil) | 106 | 109 | -2.9% |
| Cumulative Contribution | -69.9% |
Market Drivers
9/30/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| MAPS | -69.9% | |
| Market (SPY) | -2.9% | 25.7% |
| Sector (XLK) | 9.9% | 3.3% |
Fundamental Drivers
The -69.1% change in MAPS stock from 3/31/2025 to 4/21/2026 was primarily driven by a -72.9% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.13 | 0.35 | -69.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 185 | 175 | -5.3% |
| Net Income Margin (%) | 4.1% | 1.1% | -72.9% |
| P/E Multiple | 14.5 | 19.4 | 34.2% |
| Shares Outstanding (Mil) | 98 | 109 | -10.2% |
| Cumulative Contribution | -69.1% |
Market Drivers
3/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| MAPS | -69.1% | |
| Market (SPY) | 16.3% | 23.7% |
| Sector (XLK) | 50.5% | 12.3% |
Fundamental Drivers
The -58.8% change in MAPS stock from 3/31/2023 to 4/21/2026 was primarily driven by a -41.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312023 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.85 | 0.35 | -58.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 175 | 0.0% |
| Net Income Margin (%) | � | 1.1% | 0.0% |
| P/E Multiple | � | 19.4 | 0.0% |
| Shares Outstanding (Mil) | 64 | 109 | -41.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2023 to 4/21/2026| Return | Correlation | |
|---|---|---|
| MAPS | -58.8% | |
| Market (SPY) | 63.3% | 18.1% |
| Sector (XLK) | 108.9% | 12.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MAPS Return | -53% | -83% | -29% | 92% | -40% | -55% | -97% |
| Peers Return | -2% | -53% | 22% | 23% | 8% | -8% | -32% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| MAPS Win Rate | 42% | 33% | 33% | 58% | 17% | 0% | |
| Peers Win Rate | 57% | 30% | 47% | 48% | 50% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MAPS Max Drawdown | -54% | -86% | -39% | -1% | -46% | -58% | |
| Peers Max Drawdown | -24% | -61% | -26% | -25% | -36% | -25% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SHOP, IIPR, GRWG, TPB, AFCG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)
How Low Can It Go
| Event | MAPS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -97.8% | -25.4% |
| % Gain to Breakeven | 4549.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -16.7% | -33.9% |
| % Gain to Breakeven | 20.0% | 51.3% |
| Time to Breakeven | 21 days | 148 days |
Compare to SHOP, IIPR, GRWG, TPB, AFCG
In The Past
WM Technology's stock fell -97.8% during the 2022 Inflation Shock from a high on 2/17/2021. A -97.8% loss requires a 4549.4% gain to breakeven.
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About WM Technology (MAPS)
WM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. It also provides WM Business suite of monthly subscription-based software solutions, including WM Orders, WM Dispatch, WM Store, WM Dashboard, integrations, and API platform, as well as access to its WM Retail and WM Exchange products. In addition, the company offers advertising solutions; Sprout, a customer relationship management solution; and Cannveya, a delivery and logistics software solution. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.
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Here are 1-3 brief analogies for WM Technology:
- Yelp for cannabis dispensaries
- Shopify for cannabis businesses
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- Weedmaps Marketplace: A consumer-facing online platform for users to browse, search, and reserve cannabis products from local retailers, alongside providing industry information.
- WM Business Suite: A collection of subscription-based software solutions for cannabis retailers and brands, including tools for orders, dispatch, store management, and analytics.
- Advertising Solutions: Services offered to cannabis businesses for promoting their products and brands across the company's platforms.
- Sprout: A customer relationship management (CRM) solution specifically designed for the cannabis industry.
- Cannveya: A delivery and logistics software solution for managing cannabis product transportation.
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WM Technology (MAPS) primarily sells its software solutions and services to other companies within the cannabis market. Its major customers can be categorized as:
- Cannabis Retailers: These are businesses such as dispensaries or other licensed sales points that sell cannabis products directly to consumers. They utilize WM Technology's comprehensive WM Business suite for ecommerce, compliance, inventory management, dispatch, and point-of-sale operations. They also leverage the Weedmaps marketplace for advertising their products and attracting customers.
- Cannabis Brands: These include companies that cultivate, process, manufacture, and market various cannabis products (e.g., flower, edibles, concentrates, vapes). They use the Weedmaps marketplace to showcase their products, build brand awareness, and reach potential consumers through advertising solutions. They may also utilize WM Technology's API platform and other business solutions for integration and brand management.
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The major suppliers for WM Technology (MAPS) are:
- Amazon.com, Inc. (AMZN) (for Amazon Web Services)
- Alphabet Inc. (GOOGL) (for Google Cloud Platform)
- Stripe
- Visa Inc. (V)
- Mastercard Incorporated (MA)
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Douglas Francis, Chief Executive Officer
Douglas Francis is a co-founder of Weedmaps (Legacy WMH), which he helped bootstrap from its inception in 2008. He served as President & Chief Operating Officer from 2009 to 2016 and as Chief Executive Officer from 2016 to March 2019. Mr. Francis rejoined the WM Technology board of directors in 2021, became Executive Chair in August 2022, and was named Chief Executive Officer in November 2024. He holds a B.S. in Business Administration and Management from Chapman University.
Susan Echard, Chief Financial Officer
Susan Echard was appointed Chief Financial Officer in February 2024, with her role transitioning to full employment in January 2026. She is a Partner at SeatonHill Partners, a CFO services firm. Her prior experience includes serving as CFO for Direct Digital Holdings from June 2021 to June 2023, and for Trinity Capital Investment from April 2019 to February 2021. Before that, Ms. Echard was CFO at CUBEX LLC from January 2017 to February 2019. She brings over 35 years of experience in domestic and international finance, including work with public companies such as Royal Caribbean, Tupperware, PetSmart, and CSK Automotive. Ms. Echard earned a Bachelor of Business Administration degree in accounting from the University of Michigan-Flint.
Sarah Griffis, Chief Technology Officer
Sarah Griffis has served as Chief Technology Officer since January 2025. Her previous roles include Chief Technology Officer for Cerebral Inc. from January 2022 to December 2024, and Director of Engineering for GoodRx from May 2020 to January 2022. Ms. Griffis was also a founding member and Head of Engineering for Kindbody from July 2018 to May 2020. She holds a B.S. in Environmental and Science Engineering from the California Institute of Technology.
Brian Camire, General Counsel and Secretary
Brian Camire has served as General Counsel and Secretary of WM Technology since May 2019. Prior to joining the company, Mr. Camire was Associate General Counsel of Snap Inc. from May 2016 until April 2019.
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The key risks to WM Technology's business are primarily rooted in the evolving and complex landscape of the cannabis industry.- Regulatory and Legal Risks Due to Federal Illegality of Cannabis: WM Technology operates in a sector where cannabis remains federally illegal in the United States, despite state-level legalizations. This dichotomy creates significant regulatory uncertainty, limits strategic options, and exposes the company to active and potential litigation, as well as ongoing regulatory scrutiny. The federal prohibition restricts WM Technology's ability to fully monetize its services, such as facilitating transactions and logistics, and impacts its overall growth strategy and investor sentiment.
- Intense Competition, Client Churn, and Market Challenges: The cannabis market is characterized by fierce competition from both licensed and illicit operators, as well as from traditional technology providers. WM Technology faces pricing pressures and a challenging environment where declining market volumes in mature cannabis markets, high excise taxes, and consolidation among retailers lead to client churn. These factors directly contribute to declining revenue and make it difficult for the company to acquire and retain paying clients, impacting its top-line growth.
- Internal Control Weaknesses and Financial Reporting Concerns: WM Technology has reported ongoing material weaknesses in its internal control over financial reporting. Additionally, the company has previously restated financial statements, which can erode investor confidence and lead to increased regulatory scrutiny. These issues can impair the timely and accurate reporting of financial results and may expose the company to further legal or compliance challenges.
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A clear emerging threat for WM Technology is the potential impact of federal legalization of cannabis in the United States. Currently, the fragmented and specialized nature of the cannabis market due to varying state and federal regulations allows WM Technology's specialized marketplace (Weedmaps) and B2B software solutions (WM Business suite, Sprout, Cannveya) to thrive. Should cannabis become federally legal, it could open the door for large, mainstream technology companies and e-commerce platforms (which currently largely avoid the federally illicit market) to enter and directly compete. These companies possess immense resources, established user bases, and robust general-purpose platforms that could potentially diminish the unique value proposition of WM Technology's specialized cannabis-centric offerings, either by offering superior alternatives or by making highly specialized solutions less necessary for compliance and operations.
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WM Technology (NASDAQ: MAPS) provides a range of software and marketplace solutions to the cannabis industry. The addressable markets for its main products and services are significant and span across different segments of the legal cannabis economy. Here are the estimated addressable market sizes for WM Technology's key products and services: * **Weedmaps Marketplace and WM Store (Cannabis E-commerce):** The global cannabis e-commerce market is projected to reach **$134.4 billion by 2030**. Specifically within the U.S., the cannabis e-commerce market is expected to grow to **$45.3 billion in 2025**. * **WM Business Suite (Compliance Software):** The global cannabis compliance software market size was valued at **USD 681.2 million in 2024** and is projected to reach **USD 2.13 billion by 2033**, growing at a compound annual growth rate (CAGR) of 15.6% from 2025 to 2033. North America is a leading region in this market, with a market size of **USD 423 million in 2024**. * **Advertising Solutions (WM Ads):** While specific figures for the "cannabis advertising market" as a standalone software/platform market are not consistently reported at a large scale, the overall U.S. cannabis industry is projected to reach **$47 billion in revenue in 2026**. Cannabis brands typically allocate 2–5% of their revenue to marketing, suggesting an addressable market for marketing and advertising spend in the U.S. ranging from approximately **$0.94 billion to $2.35 billion in 2026**. * **Sprout (Customer Relationship Management - CRM):** The CRM offerings for WM Technology fall under the broader "cannabis industry software" market. The global cannabis industry software market was valued at **USD 1207.91 million in 2024** and is projected to reach **USD 9962.94 million by 2031**, growing at a CAGR of 30.18% from 2024 to 2031. North America holds the largest share of this market. * **Cannveya (Delivery and Logistics Software):** The global cannabis delivery service market is estimated at **USD 2.95 billion in 2024** and is projected to reach approximately **USD 18.65 billion by 2033**, with a CAGR of 20.3% from 2025 to 2033. North America accounts for the largest share of this market, typically ranging from 50–60%.AI Analysis | Feedback
WM Technology (NASDAQ: MAPS) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market developments:
- Potential Federal Cannabis Regulatory Reform: Significant federal changes, such as the rescheduling of cannabis, are identified as a major potential catalyst. While the company maintains a cautious stance on immediate impacts, these reforms could eventually unlock new business lines, enable new revenue strategies, and pave the way for interstate commerce, which would fundamentally alter the cannabis market landscape.
- Continued Investment in Product and Technology Innovation: WM Technology is prioritizing strategic investments in technology and marketing initiatives to strengthen its platform. This includes enhancing client support, upgrading platform features, and developing new offerings like AI-powered data products. These efforts aim to improve the Weedmaps experience for both consumers and clients, driving engagement and value.
- Expansion and Client Acquisition in Emerging State Markets: The company is focused on acquiring new clients and improving adoption in underpenetrated and newer regulated state markets. While mature markets have experienced consolidation, WM Technology has observed growth in emerging regions, such as New York, where client count has significantly increased.
- Growth of Advertising Solutions: WM Technology expects revenue growth from its advertising offerings, specifically citing increases in its Deal Listing and Display Ad products. These advertising solutions continue to be a key component of the company's revenue stream, indicating an ongoing focus on expanding and optimizing these services for retailers and brands.
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Share Issuance
WM Technology went public in 2021, which involved a significant share issuance. The number of shares outstanding increased from 129 million in Q4 2021 to 157.8 million as of December 31, 2025, indicating further share issuances, likely related to equity compensation or other forms of fundraising.Inbound Investments
In December 2024, an offer was made by the company's founders to take WM Technology private.Capital Expenditures
WM Technology's capital expenditures have primarily focused on the purchases of intangible assets, which are crucial for a technology company focused on software solutions. Purchases of intangible assets were approximately $7.94 million in fiscal year 2021, $16.06 million in fiscal year 2022, $11.87 million in fiscal year 2023, and $11.64 million in fiscal year 2024. Additionally, the company reported investing $2.9 million in capital expenditures in Q3 2025, funding long-term assets and infrastructure. WM Technology plans to continue investing opportunistically across the business in 2026.Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| WM Technology Earnings Notes | 12/16/2025 | |
| Can WM Technology Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 27.82 |
| Mkt Cap | 0.7 |
| Rev LTM | 220 |
| Op Inc LTM | 95 |
| FCF LTM | 29 |
| FCF 3Y Avg | 37 |
| CFO LTM | 42 |
| CFO 3Y Avg | 46 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -9.6% |
| Rev Chg 3Y Avg | -3.7% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Inc Chg LTM | 17.9% |
| Op Inc Chg 3Y Avg | 9.2% |
| Op Mgn LTM | 16.3% |
| Op Mgn 3Y Avg | 10.7% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 16.3% |
| CFO/Rev 3Y Avg | 16.8% |
| FCF/Rev LTM | 13.4% |
| FCF/Rev 3Y Avg | 15.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.7 |
| P/S | 3.4 |
| P/Op Inc | 11.5 |
| P/EBIT | 10.8 |
| P/E | 16.0 |
| P/CFO | 6.5 |
| Total Yield | 2.7% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 9.8% |
| D/E | 0.4 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.9% |
| 3M Rtn | -15.4% |
| 6M Rtn | -18.3% |
| 12M Rtn | 18.1% |
| 3Y Rtn | -23.4% |
| 1M Excs Rtn | -6.7% |
| 3M Excs Rtn | -19.3% |
| 6M Excs Rtn | -25.5% |
| 12M Excs Rtn | -13.2% |
| 3Y Excs Rtn | -93.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 185 | 188 | 162 | ||
| Featured and deal listings | 150 | 138 | |||
| Other ad solutions | 15 | 12 | |||
| Weedmaps for Business and other Software-as-a-Service (SaaS) solutions | 51 | 43 | |||
| Total | 185 | 188 | 216 | 193 | 162 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 12 | ||||
| Total | 12 |
Price Behavior
Price Behavior
| Market Price | $0.35 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/01/2019 | |
| Distance from 52W High | -73.1% | |
| 50 Days | 200 Days | |
| DMA Price | $0.62 | $0.90 |
| DMA Trend | down | down |
| Distance from DMA | -43.6% | -61.3% |
| 3M | 1YR | |
| Volatility | 102.2% | 82.7% |
| Downside Capture | 2.39 | 1.58 |
| Upside Capture | 136.54 | 99.46 |
| Correlation (SPY) | 13.7% | 18.9% |
MAPS Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.22 | 1.26 | 1.22 | 1.17 | 0.86 | 0.99 |
| Up Beta | -2.58 | -0.33 | 0.68 | 1.34 | 0.65 | 0.79 |
| Down Beta | -0.18 | -0.13 | 0.12 | 1.24 | 0.60 | 0.65 |
| Up Capture | 265% | 186% | 141% | 9% | 73% | 135% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 21 | 28 | 53 | 111 | 337 |
| Down Capture | 158% | 196% | 198% | 165% | 139% | 109% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 21 | 35 | 71 | 131 | 384 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAPS | |
|---|---|---|---|---|
| MAPS | -66.1% | 82.7% | -0.91 | - |
| Sector ETF (XLK) | 61.4% | 20.8% | 2.20 | 8.0% |
| Equity (SPY) | 23.7% | 12.7% | 1.52 | 22.7% |
| Gold (GLD) | 41.4% | 27.5% | 1.25 | -0.5% |
| Commodities (DBC) | 22.4% | 16.2% | 1.25 | -3.2% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 4.0% |
| Bitcoin (BTCUSD) | -10.4% | 42.7% | -0.14 | 22.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAPS | |
|---|---|---|---|---|
| MAPS | -55.8% | 92.4% | -0.47 | - |
| Sector ETF (XLK) | 17.9% | 24.7% | 0.65 | 23.9% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 26.1% |
| Gold (GLD) | 21.6% | 17.8% | 0.99 | 2.2% |
| Commodities (DBC) | 10.9% | 18.8% | 0.47 | 3.8% |
| Real Estate (VNQ) | 4.1% | 18.8% | 0.12 | 19.9% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAPS | |
|---|---|---|---|---|
| MAPS | -29.0% | 86.5% | -0.24 | - |
| Sector ETF (XLK) | 22.8% | 24.3% | 0.85 | 20.4% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 20.7% |
| Gold (GLD) | 13.7% | 15.9% | 0.71 | 2.6% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 4.2% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 14.7% |
| Bitcoin (BTCUSD) | 68.0% | 66.9% | 1.07 | 14.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/12/2026 | -10.3% | -15.1% | -50.8% |
| 11/6/2025 | -3.0% | -7.1% | -10.8% |
| 8/7/2025 | 3.4% | 38.6% | 35.3% |
| 5/8/2025 | -4.3% | 0.4% | -5.1% |
| 11/12/2024 | 19.5% | 67.6% | 88.5% |
| 8/8/2024 | 3.9% | 10.5% | -0.8% |
| 4/2/2024 | 1.5% | 0.0% | -6.1% |
| 11/8/2023 | -4.6% | -13.7% | -19.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 7 | 5 |
| # Negative | 10 | 9 | 11 |
| Median Positive | 7.9% | 10.5% | 35.3% |
| Median Negative | -6.5% | -13.7% | -10.8% |
| Max Positive | 27.6% | 67.6% | 88.5% |
| Max Negative | -33.2% | -32.1% | -50.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/24/2024 | 10-Q |
| 12/31/2023 | 05/24/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 42.00 Mil | 43.00 Mil | 44.00 Mil | 2.4% | Higher New | Actual: 42.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 5.00 Mil | 6.00 Mil | 7.00 Mil | 0 | Same New | Actual: 6.00 Mil for Q4 2025 | |
Prior: Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 41.00 Mil | 42.00 Mil | 43.00 Mil | 0 | Affirmed | Guidance: 42.00 Mil for Q3 2025 | |
| Q4 2025 Non-GAAP Adjusted EBITDA | 5.00 Mil | 6.00 Mil | 7.00 Mil | 0 | Affirmed | Guidance: 6.00 Mil for Q3 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Camire, Brian | GENERAL COUNSEL | Direct | Sell | 11202025 | 0.84 | 90,979 | 76,604 | 1,551,690 | Form |
| 2 | Francis, Douglas | Chief Executive Officer | Direct | Sell | 11202025 | 0.83 | 158,733 | 131,891 | 7,121,483 | Form |
| 3 | Francis, Douglas | Chief Executive Officer | Direct | Sell | 8202025 | 1.16 | 156,974 | 182,702 | 10,160,310 | Form |
| 4 | Camire, Brian | GENERAL COUNSEL | Direct | Sell | 8202025 | 1.17 | 90,482 | 106,153 | 2,268,782 | Form |
| 5 | Ibbott, William Glen | Direct | Sell | 6262025 | 0.91 | 50,505 | 46,040 | 107,428 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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