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Mobivity Holdings Corp. (MFON)

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1.7200-0.0200 (-1.15%)
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Previous Close1.7400
Open1.6850
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.6850 - 1.7200
52 Week Range0.6500 - 2.2000
Volume574
Avg. Volume15,555
Market Cap95.306M
Beta (5Y Monthly)0.80
PE Ratio (TTM)N/A
EPS (TTM)-0.0570
Earnings DateMar 30, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • Mobivity Schedules First Quarter 2021 Conference Call for May 13, 2021
    GlobeNewswire

    Mobivity Schedules First Quarter 2021 Conference Call for May 13, 2021

    PHOENIX, May 06, 2021 (GLOBE NEWSWIRE) -- Mobivity Holdings Corp. (OTCQB: MFON), maker of the award-winning Recurrency platform that increases customer engagement through mobile messaging and personalized digital offers, and drives digital transformation for restaurants, retail and personal care brands, today announced that the Company will release results for the first quarter ended March 31, 2021 on Thursday, May 13, 2021 after the market close and has scheduled a conference call for the same day at 4:30 P.M. Eastern Time (ET). Conference Call Information: Date: Thursday, May 13, 2021Time: 4:30 P.M. Eastern Time (ET)Dial in Number for U.S. Callers: 1-800-954-0627Dial in Number for International Callers: 1-212-271-4657Please Reference Conference ID: 21994184 The call will also be accompanied live by webcast over the Internet and accessible at http://public.viavid.com/index.php?id=144892. Participating on the call will be Mobivity’s Chairman and Chief Executive Officer, Dennis Becker, and Chief Financial Officer, Lisa Brennan. To join the live conference call, please dial in to the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time. A replay will be available for two weeks starting on May 13, 2021 at approximately 7:30 P.M. ET. To access the replay, please dial 1-844-512-2921 in the U.S. and 1-412-317-6671 for international callers. The conference ID# is 21994184. The replay will also be available on the Company’s website under the investor relations section. About Mobivity Brick and mortar stores struggle to manage customer connections in a digital world. Mobivity provides a platform to connect national restaurants, retailers, personal care brands, and their partners with customers to increase retention, visits, and spend. Mobivity’s Recurrency platform increases customer engagement and frequency by capturing detailed POS transaction data, analyzing customer habits, and motivating customers and employees through data-driven messaging applications and rewards. For more information about Mobivity, visit mobivity.com or call (877) 282-7660. Investor Relations Contact Brett Maas • Managing Partner, Hayden IRbrett@haydenir.com • (646) 536-7331

  • Mobivity Announces 32% Increase in Annual Revenues, Increased Gross Margin, and Continued Addressable Market Expansion in 2020
    GlobeNewswire

    Mobivity Announces 32% Increase in Annual Revenues, Increased Gross Margin, and Continued Addressable Market Expansion in 2020

    PHOENIX, March 30, 2021 (GLOBE NEWSWIRE) -- Mobivity Holdings Corp. (OTCQB:MFON), maker of the award-winning Recurrency platform that increases customer engagement through mobile messaging and personalized digital offers, and drives digital transformation for restaurants, retail and personal care brands, today announced financial results for the fourth quarter (“Q4”) and full-year ending December 31, 2020. Full-Year 2020 Financial Highlights Revenues increased 32% to $13.3 million compared to $10.1 million in 2019.Gross margin increased to 64% in 2020 compared to 41% in 2019.Net loss was $2.9 million, an improvement of $5.9 million compared to a net loss of $8.8 million in 2019.Cash used in operations for 2020 was $1.4 million compared to $5.7 million during 2019.Stockholder equity improved to $1.7 million in 2020 compared to a deficit of $1.7 million at year end 2019.Ended 2020 with $3.2 million in cash. Fourth Quarter 2020 Financial Highlights Revenues increased to $2.8 million compared to $2.7 million in Q4 2019.Gross margin increased to 64% compared to 43% in Q4 2019.Net loss was $1.2 million, an improvement of $1.3 million compared to a net loss of $2.5 million in Q4 2019. Dennis Becker, Mobivity Chairman and CEO, commented, “Mobivity delivered a record year of 32% revenue growth and significant bottom-line improvement amidst the global pandemic. Covid restrictions hit the restaurant industry particularly hard. Our success amidst these unprecedented challenges demonstrates the value our products that digitize marketing campaigns, and reach and engage consumers one-to-one, bring to our customers. Indeed, our customers have emerged from this pandemic stronger, while others have struggled as traditional marketing became ineffective in the COVID world.” “In the fourth quarter we added a second major vertical, convenience stores, and launched successfully with a key account,” added Mr. Becker. “This relationship has more than doubled since launching in December, demonstrating that our addressable market for our Recurrency platform has increased by an exciting amount. We completed a $3.3 million financing in December and ended the year with a strong balance sheet that can sustainably and rapidly fund expansion. In 2021 we brought on a world class revenue leader in Al West to drive and expand our sales and marketing operations in response to the rapidly growing market opportunity. The pandemic highlighted inefficiencies in traditional marketing campaigns and made the transition to digital mandatory, no longer optional. We are in the ideal position to capitalize, with proven customer relationships, a validated solution, and a strong balance sheet. The future of Mobivity is bright and I am so grateful to our team for continued growth and innovation despite a historic global crisis.” Consolidated Financial Summaries (In thousands)Three months ended December 31,Year ended December 31, Q4 2020Q4 2019$$ %20202019$$ %Revenue$2,759 $2,723 $36 1%$13,256 $10,057 $3,199 32%Gross profit$1,753 $1,170 $583 50%$8,507 $4,119 $4,389 107%Gross margin 64% 43% 48% 64% 41% 57%Operating Expenses$2,216 $3,634 $(1,418)-39%$10,463 $12,506 $(2,043)-16%Income (loss) from Operations$(463)$(2,464)$2,001 81%$(1,956)$(8,387)$6,431 77%Net income (loss)$(1,217)$(2,510)$1,293 52%$(2,918)$(8,822)$5,904 67%Adjusted EBITDA *$ (733)$(2,113)$ 1,380 65%$ (1,184)$(6,850)$ 5,666 83% * Non-GAAP measures Conference CallMobivity will host a conference call at 4:30 p.m. ET on March 30, 2021. Date: Tuesday, March 30, 2021Time: 4:30 P.M. Eastern Time (ET)Dial in Number for U.S. Callers: 1-855-327-6837 Dial in Number for International Callers: 1-631-891-4304 Please Reference Conference ID: 10013628 The call will also be accompanied live by webcast over the Internet and accessible at http://public.viavid.com/index.php?id=143934. A replay will be available for two weeks starting on March 30, 2021 at approximately 7:30 P.M. ET. To access the replay, please dial 1-844-512-2921 in the U.S. and 1-412-317-6671 for international callers. The conference ID# is 10013628. The replay will also be available on the Company’s website under the investor relations section. Mobivity Holdings Corp.Consolidated Balance Sheets December 31, December 31, 2020 2019 (Audited) (Audited)ASSETS Current assets Cash$3,282,820 $273,599 Accounts receivable, net of allowance for doubtful accounts of $33,848 and $88,071, respectively 305,693 614,726 Contracts receivable, current 943,904 526,948 Right to use lease assets 47,038 - Other current assets 272,736 601,749 Total current assets 4,852,191 2,017,022 Goodwill 496,352 496,352 Right to use lease assets 10,444 260,645 Intangible assets, net 1,368,329 1,762,211 Contracts receivable, long term 1,415,856 1,260,371 Other assets 25,230 67,787 TOTAL ASSETS$ 8,168,402 $ 5,864,388 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable$1,935,411 $3,256,888 Accrued interest 47,316 35,292 Accrued and deferred personnel compensation 224,881 244,953 Deferred revenue and customer deposits 606,597 440,309 Related party notes payable 80,000 140,700 Notes payable, net - current maturities 561,676 540,576 Operating lease liability 58,173 258,343 Other current liabilities 566,303 308,465 Total current liabilities 4,080,357 5,225,526 Non-current liabilities Related party notes payable, net - long term - 1,000,000 Notes payable, net - long term 1,499,001 567,529 Operating lease liability 13,296 45,460 Other long term liabilities 831,535 740,218 Total non-current liabilities 2,343,832 2,353,207 Total liabilities 6,424,189 7,578,733 Commitments and Contingencies Stockholders' deficit Common stock, $0.001 par value; 100,000,000 shares authorized; 55,410,695 and 51,380,969, shares issued and outstanding 55,411 51,381 Equity payable 100,862 100,862 Additional paid-in capital 101,186,889 94,781,738 Accumulated other comprehensive income (23,446) 8,780 Accumulated deficit (99,575,503) (96,657,106)Total stockholders' equity 1,744,213 (1,714,345)TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT$ 8,168,402 $ 5,864,388 Mobivity Holdings Corp.Consolidated Statements of Operations Three Months Ended Year Ended December 31, 2020 2019 2020 2019Revenues Revenues$2,759,060 $2,723,478 $13,255,887 $10,056,922 Cost of revenues 1,005,835 1,553,155 4,748,444 5,938,298 Gross profit 1,753,225 1,170,323 8,507,443 4,118,624 Operating expenses General and administrative 778,963 1,301,767 3,917,935 5,588,329 Sales and marketing 576,821 429,982 2,325,709 2,707,356 Engineering, research, and development 715,261 1,890,376 3,535,742 3,609,968 Intangible asset impairment 5,405 - 8,886 - Depreciation and amortization 139,960 11,983 674,942 600,066 Total operating expenses 2,216,410 3,634,108 10,463,214 12,505,719 Income (loss) from operations (463,185) (2,463,785) (1,955,771) (8,387,095)Other income/(expense) Interest income (1) 1,507 1,221 28,160 Interest expense (78,998) (47,377) (286,896) (236,706)Loss on disposal of fixed assets (4,873) - (8,808) - Loss on settlement of debt (668,260) - (668,260) (232,462)Foreign currency (loss) gain (1,233) (340) 117 6,129 Total other income/(expense) (753,365) (46,210) (962,626) (434,879)Income (loss) before income taxes (1,216,550) (2,509,995) (2,918,397) (8,821,974)Income tax expense - - - - Net Income (loss) (1,216,550) (2,509,995) (2,918,397) (8,821,974)Other comprehensive income (loss), net of income tax Foreign currency translation adjustments (23,154) (8,918) (32,226) 4,021 Comprehensive income (loss)$(1,239,704) $ (2,518,913) $(2,950,623) $ (8,817,953)Net income (loss) per share: Basic$ (0.02) $ (0.05) $ (0.06) $ (0.18)Diluted$ (0.02) $ (0.05) $ (0.06) $ (0.18)Weighted average number of shares: Basic 51,575,454 47,720,507 51,575,454 47,720,507 Diluted 51,575,454 47,720,507 # 51,575,454 47,720,507 Three Months Ended Year Ended December 31, 2020 2019 2020 2019 Reconciliation of net (loss) to adjusted EBITDA Net (loss) (1,216,550) (2,509,995) $(2,918,397) $(8,821,974)Stock based compensation 264,725 338,967 773,938 1,163,270 Depreciation and amortization 139,960 11,983 674,942 600,066 Interest expense, net 78,999 45,870 285,675 208,546 Adjusted EBITDA$(732,866) $(2,113,175) $(1,183,842) $(6,850,092) Non-GAAP MeasurementsThis press release includes certain financial information which constitutes "non-GAAP financial measures" as defined by the SEC. A full reconciliation of the non-GAAP measures to GAAP can be found in the tables of today's press release. Non-GAAP adjusted net income is supplemental to results presented under accounting principles generally accepted in the United States of America ("GAAP") and may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures are used by management to facilitate period-to-period comparisons and analysis of Mobivity's operating performance and liquidity. Management believes these non-GAAP measures are useful to investors in trending, analyzing and benchmarking the performance and value of Mobivity's business. These non-GAAP measures should be considered in addition to, but not as a substitute for, other similar measures reported in accordance with GAAP. About MobivityBrick and mortar stores struggle to manage customer connections in a digital world. Mobivity provides a platform to connect national restaurants, retailers, personal care brands, and their partners with customers to increase retention, visits, and spend. Mobivity’s Recurrency platform increases customer engagement and frequency by capturing detailed POS transaction data, analyzing customer habits, and motivating customers and employees through data-driven messaging applications and rewards. For more information about Mobivity, visit mobivity.com or call (877) 282-7660. Forward Looking StatementThis press release contains forward-looking statements concerning Mobivity Holdings Corp. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding the benefits of recent additions to the Company’s management team; the Company’s expectations for the growth of the Company's operations and revenue; and the advantages and growth prospects of the mobile marketing industry. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, our ability to successfully integrate our recent additions to management; our ability to develop the sales force required to achieve our development and revenue goals; our ability to raise additional working capital as and when needed; changes in the laws and regulations affecting the mobile marketing industry and those other risks set forth in Mobivity Holdings Corp.'s annual report on Form 10-K for the year ended December 31, 2020 filed with the SEC on March 30, 2021 and subsequently filed quarterly reports on Form 10-Q. Mobivity Holdings Corp. cautions readers not to place undue reliance on any forward-looking statements. Mobivity Holdings Corp. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. Investor Relations Contact:Lisa Brennan • Chief Financial Officer, Mobivity(877) 282-7660 Brett Maas • Managing Partner, Hayden IRbrett@haydenir.com • (646) 536-7331

  • ACCESSWIRE

    Mobivity Holdings Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 30, 2021 / Mobivity Holdings Corp. (OTC PINK:MFON) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 30, 2021 at 4:30 PM Eastern Time.