Leafly Holdings Reports Q1 2025 Earnings Amid Challenges
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Leafly Holdings, Inc. (LFLY) reported its Q1 2025 earnings, revealing a revenue decline to $7.88 million from $9.05 million year-over-year, and a net loss of $1.78 million, an improvement from $2.39 million last year. Operating expenses decreased to $8.32 million, leading to a reduced operating loss of $1.24 million. Cash reserves fell to $8.64 million, highlighting ongoing financial challenges. The company faces hurdles with convertible promissory notes due in July 2025 and is exploring strategic options, including potentially going private to cut costs.
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