How did WM Technology's revenue and expenses trend in Q4 2024?

WM Technology's revenue and expenses in Q4 2024 showed a significant increase in Research and Development (R&D) expenses, which reached $54.17 million, compared to the previous quarter. However, the company's net income was $3.72 million, and operating expenses were $8.07 million, indicating a strong financial performance despite the higher R&D costs.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|MAPS|MAPS.O|WM Technology|20240101-2024|WM Business Subscriptions|5.417E7|185|
|MAPS|MAPS.O|WM Technology|20240101-2024|Other Ad and SaaS Solutions|1.0745E7|185|
|MAPS|MAPS.O|WM Technology|20240101-2024|Other Ad and SaaS Solutions|7009000|185|
|MAPS|MAPS.O|WM Technology|20240101-2024|Other Ad and SaaS Solutions|2941000|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|MAPS|MAPS.O|WM Technology|2024 Q1|149.3575207860922|1959000|185|
|MAPS|MAPS.O|WM Technology|2024 Q2|-39.78819969742814|1194000|185|
|MAPS|MAPS.O|WM Technology|2024 Q3|311.70382165605093|5318000|185|
|MAPS|MAPS.O|WM Technology|2024 Q4|133.09288449550272|3716000|185|

|code|Ticker|Name|Date|R&D Expenses|Operating Expenses|Advertising and Marketing Expenses|market_code|
|---|---|---|---|---|---|---|---|
|MAPS|MAPS.O|WM Technology|2024 Q1|9229000|||185|
|MAPS|MAPS.O|WM Technology|2024 Q2|9642000|||185|
|MAPS|MAPS.O|WM Technology|2024 Q3|9484000|||185|
|MAPS|MAPS.O|WM Technology|2024 Q4|8071000|||185|