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Mobivity Holdings Corp. (MFON)

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Previous Close0.9300
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.9000 - 0.9200
52 Week Range0.5200 - 1.1100
Avg. Volume17,101
Market Cap46.454M
Beta (5Y Monthly)0.21
PE Ratio (TTM)N/A
EPS (TTM)-0.1220
Earnings DateAug 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Mobivity Wins the 2020 MarTech Breakthrough Award for Best Mobile Messaging Based Marketing Solution

    Company Recognized for its Effective Mobile Messaging for Papa Gino’s Pizzeria and D’Angelo Grilled Sandwiches Delivering 440% Return on Marketing Spend Powering the Restaurants Through the COVID PandemicPHOENIX, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Mobivity Holdings Corp. (OTCQB: MFON) a global provider of personalized customer engagement solutions that drive customer frequency and spend, today announced that its Unified Mobile Messaging, part of its Recurrency platform, was recognized for the "Best Mobile Messaging Based Marketing Solution" award by MarTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global marketing, sales and advertising technology industry. Mobivity’s award-winning work with Papa Gino’s Pizzeria and D’Angelo Grilled Sandwiches illustrates the power of mobile messaging and its effectiveness for restaurants during the pandemic.This year’s Martech Breakthrough Awards program attracted more than 2,750 nominations from around the world, which were evaluated by an independent panel of experts within the martech industry, including analysts, journalists and technology executives. Mobivity joins an impressive group of winners from other categories including: Shopify, Adobe, Mailchimp, ringDNA, Unbounce, Hootsuite, Bluehost, Sprinklr, The Trade Desk, Acxiom. “We’re proud to be named the Best Mobile Messaging Based Marketing Solution as it validates the power of our platform and value of mobile messaging helping our customers engage digitally with their customers,” said Dennis Becker, Mobivity Chairman and CEO. “Due to the pandemic, brands are realizing the need to transition to digital marketing channels like mobile and directly connecting to their customers. Brands that embrace digital campaigns are succeeding, and those who stick to traditional marketing channels could be missing out on new opportunities. The success we’ve seen with Papa Gino’s Pizzeria and D’Angelo Grilled Sandwiches and this win underscore the effectiveness of our platform.”Mobile Messaging Powers Papa Gino’s Pizzeria and D’Angelo Grilled Sandwiches through COVID Using Mobivity’s Recurrency platform, Papa Gino’s Pizzeria and D’Angelo Grilled Sandwiches (PGDA) segmented customers and created a mobile messaging campaign. This targeted customers who had not visited a PGDA 90-days prior to COVID restrictions. With highly targeted offers encouraging a return visit, this campaign drove twice as many return visits as non-SMS subscribers and 17% more than members of the company’s loyalty program. With this campaign that ran during the pandemic, PGDA saw Mobivity’s mobile messaging deliver an average Return on Marketing Spend of 440%, compared to its other traditional marketing channels. Click here for the full case study.“Mobivity deserves this win for their quick, strategic thinking, which helped see us through the COVID 19 pandemic,” said Deena McKinley, Chief Marketing Officer at Papa Gino’s Pizzeria and D’Angelo Grilled Sandwiches. “When the pandemic led restaurants to dining room closures, we really doubled down on take-out and delivery, and Mobivity understood how to connect with our customers, encouraging them to return more frequently, and return they did. By understanding the value of creating an owned mobile messaging channel, Mobivity helped us amass valuable first-party customer data that insulated us from the downturn of sports, large gatherings, catering and other forms of traditional advertising. By owning a direct, targeted and personalized channel, we were able to not only sustain, but grow customer frequency and spend despite clear challenges imposed by the pandemic.”Part of the Tech Breakthrough Awards organization, each year the MarTech Breakthrough Awards honor excellence and recognize innovation in a range of marketing, sales and advertising technology-related categories, including marketing automation, customer experience, email marketing and more. For the full list of winners, click here.To learn more about how Mobivity can put the power of mobile messaging to work for multi-unit franchise brands, visit https://www.mobivity.com/products/reach or call (877) 282-7660. 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.About Papa Gino’s Pizzeria Founded in 1961, Papa Gino’s Pizzeria is a proud New England staple with a heritage of serving high quality, handmade pizzas with fresh ingredients and an 80-year old Italian family recipe. From a single restaurant in East Boston, Papa Gino’s has expanded over the years and now has nearly 100 restaurants in Massachusetts, Rhode Island, New Hampshire, and Connecticut. It is the Official Pizza of the New England Patriots of the NFL and the New England Revolution of Major League Soccer.About D’Angelo Grilled Sandwiches With roots stretching back to 1967, D’Angelo Grilled Sandwiches has been serving generations of hungry New Englanders on-the-go, great tasting, grilled sandwiches like our legendary Steak Number 9® and original Steak & Cheese. Today, each restaurant remains proud to serve authentic New England sandwiches with the same highest-quality meats and breads that first won over fans more than 50 years ago.Media Contacts Jennifer Handshew • Marketing Communications, Mobivity jennifer.handshew@mobivity.com • (917) 359-8838Investor Relations Contacts Lynn Tiscareno • Chief Financial Officer, Mobivity (877) 282-7660Brett Maas • Managing Partner, Hayden IR brett@haydenir.com • (646) 536-7331


    Mobivity to Present at The LD 500 Virtual Conference Today, September 2, 2020

    PHOENIX, AZ / ACCESSWIRE / September 2, 2020 / Mobivity Holdings Corp.

  • GlobeNewswire

    Mobivity Announces Q2 2020 Results, Net Loss Narrows as Gross Profit Climbs 92%

    PHOENIX, Aug. 10, 2020 (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 second quarter (“Q2”) ending June 30, 2020. Q2 2020 Highlights * Revenues increased 14% to $2.8 million compared to $2.4 million in Q2 2019. * Gross margins increased by 69% to 56% in Q2 of 2020 versus 33% during the same period last year. * Gross profit rose 92% to $1.56 million in Q2 2020 from $808,000 in Q2 2019. * Net loss narrowed by 72% to $(726,000) compared to $(2.6) million in Q2 2019. * Cash used in operations for the first half of 2020 fell to just $167,000 compared to $2.6 million during the first half of 2019.Dennis Becker, Mobivity Chairman and CEO, commented, “For the second quarter we delivered a 14% year-over-year increase in revenue and a significant improvement in our bottom-line, despite the unprecedented challenges faced due to the pandemic. Customer deployments continued to increase across the globe, and we brought several COVID relief programs to market while our workforce moved to an all-virtual work environment. We are on pace to achieve a recurring revenue run rate of $14 million for the year and continue to approach cash flow break even.”Becker continued, “The pandemic has forced merchants to transition to digital solutions so they can continue to operate and grow while navigating shutdowns and a decreasing number of opportunities for face-to-face customer interactions. Our solutions enable restaurateurs to pivot quickly and spontaneously roll out special offers and low contact ordering options like delivery and curbside pickup. The pandemic has exposed the importance of investing in direct, digital connections with consumers, and we are well-positioned to capture a meaningful share of the opportunities. Our proven solutions provide an above average return on investment and in some cases are necessary for the ongoing viability of a business given current conditions. Mobivity’s tremendous scale of billions of customer interactions, and millions of offers handled monthly gives us the experience and track record to help this transition.”Consolidated Financial Summaries(In thousands)Three months ended June 30,Six months ended June 30,  20202019$$%20202019$$% Revenue$2,767 $2,435 $332 14%$7,317 $4,851 $2,465 51% Gross profit$1,552 $808 $744 92%$ 4,517 $ 2,053 $2,465 120% Gross margin 56% 33% 69% 62% 42% 46% Operating Expenses$2,205 $3,293 $(1,088)-33%$6,112 $6,333 $(221)-3% Income (loss) from Operations$(654)$(2,485)$1,831 74%$(1,594)$(4,280)$2,686 63% Net income (loss)$(726)$(2,575)$1,849 72%$(1,741)$(4,412)$2,670 61% Adjusted EBITDA *$ (349)$ (1,841)$1,492 81%$(915)$(3,297)$2,382 72%           * Non-GAAP measures            Conference Call Mobivity will host a conference call at 4:30 p.m. ET on August 10, 2020.Date: Monday, August 10th, 2020 Time: 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: 10010631The call will also be accompanied live by webcast over the Internet and accessible at http://public.viavid.com/index.php?id=141082.A replay will be available for two weeks starting on August 10th, 2020 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 10010631. The replay will also be available on the Company’s website under the investor relations section.  Mobivity Holdings Corp. Condensed Consolidated Balance Sheets         June 30, December 31,  2020 2019  (Unaudited) (Audited) ASSETS      Current assets      Cash$996,710  $273,599  Accounts receivable, net of allowance for doubtful accounts of $85,803 and $88,071, respectively 382,848   614,726  Contracts receivable, current 943,904   526,948  Right to use lease assets 147,946   -  Other current assets 374,553   601,749  Total current assets 2,845,961   2,017,022  Goodwill 496,352   496,352  Right to use lease assets 25,559   260,645  Intangible assets, net 1,547,051   1,762,211  Contracts receivable, long term 1,887,808   1,260,371  Other assets 57,027   67,787  TOTAL ASSETS$6,859,758  $5,864,388  LIABILITIES AND STOCKHOLDERS' EQUITY      Current liabilities      Accounts payable$3,753,234  $3,256,888  Accrued interest 133,997   35,292  Accrued and deferred personnel compensation 187,925   244,953  Deferred revenue and customer deposits 781,324   440,309  Related party notes payable 80,000   140,700  Notes payable, net - current maturities 534,241   540,576  Operating lease liability 182,672   258,343  Other current liabilities 547,014   308,465  Total current liabilities 6,200,407   5,225,526         Non-current liabilities      Related party notes payable, net - long term 1,200,000   1,000,000  Notes payable, net - long term 1,255,642   567,529  Operating lease liability 32,690   45,460  Other long term liabilities 1,108,712   740,218  Total non-current liabilities 3,597,044   2,353,207  Total liabilities 9,797,451   7,578,733  Commitments and Contingencies      Stockholders' equity      Common stock, $0.001 par value; 100,000,000 shares authorized; 51,615,469 and 51,380,969, shares issued and outstanding 51,616   51,381  Equity payable 100,862   100,862  Additional paid-in capital 95,338,760   94,781,738  Accumulated other comprehensive income (30,437)  8,780  Accumulated deficit (98,398,494)  (96,657,106) Total stockholders' equity (2,937,693)  (1,714,345) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$6,859,758  $5,864,388         Mobivity Holdings Corp. Condensed Consolidated Statements of Operations           Three Months Ended Six Months Ended  June 30, June 30,  (unaudited) (unaudited)  2020 2019 2020 2019 Revenues        Revenues$2,766,662  $2,434,841  $7,316,656  $4,851,436  Cost of revenues 1,214,915   1,626,823   2,799,328   2,798,649  Gross profit 1,551,747   808,018   4,517,328   2,052,787           Operating expenses        General and administrative 1,003,146   1,581,266   2,249,922   2,726,502  Sales and marketing 495,616   802,050   1,303,623   1,559,192  Engineering, research, and development 521,597   761,320   2,199,127   1,739,428  Depreciation and amortization 184,918   148,391   358,845   307,481  Total operating expenses 2,205,277   3,293,027   6,111,517   6,332,603  Income (loss) from operations (653,530)  (2,485,009)  (1,594,189)  (4,279,816) Other income/(expense)        Interest income 76   -   913   17  Interest expense (68,088)  (89,855)  (145,277)  (130,992) Loss on sale of fixed assets (3,935)  -   (3,935)  -  Foreign currency (loss) gain (52)  (35)  1,100   (856) Total other income/(expense) (71,999)  (89,890)  (147,199)  (131,831) Income (loss) before income taxes (725,529)  (2,574,899)  (1,741,388)  (4,411,647) Income tax expense -   -   -   -  Net Income (loss) (725,529)  (2,574,899)  (1,741,388)  (4,411,647) Other comprehensive income (loss), net of income tax        Foreign currency translation adjustments (26,136)  6,136   (39,217)  (17,554) Comprehensive income (loss)$(751,665) $(2,568,763) $(1,780,605) $(4,429,201) Net income (loss) per share:        Basic$(0.01) $(0.06) $(0.03) $(0.10) Diluted$(0.01) $(0.06) $(0.03) $(0.10) Weighted average number of shares:        Basic 51,615,469   45,998,053   51,524,778   45,998,053  Diluted 51,615,469   45,998,053   51,524,778   45,998,053                    Reconciliation of net (loss) to adjusted EBITDA        Net (loss) (725,529)  (2,574,899) $(1,741,388) $(4,411,647) Stock based compensation 123,544   495,805   322,757   676,554  Depreciation and amortization 184,918   148,391   358,845   307,481  Interest expense, net 68,012   89,855   144,364   130,975  Adjusted EBITDA$(349,055) $(1,840,848) $(915,422) $(3,296,637)          Non-GAAP Measurements This 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 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.Forward Looking Statement This 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, 2019 filed with the SEC on March 30, 2020 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: Lynn Tiscareno • Chief Financial Officer, Mobivity (877) 282-7660Brett Maas • Managing Partner, Hayden IR brett@haydenir.com • (646) 536-7331