Welcome to our dedicated page for Mobivity Holding news (Ticker: MFON), a resource for investors and traders seeking the latest updates and insights on Mobivity Holding stock.
Mobivity Holdings Corp. reports developments tied to Connected Rewards, a performance-rewards technology platform that connected mobile gaming audiences with real-world brands and products. Recurring news themes include convenience and fuel retailer adoption, restaurant brand campaigns, loyalty integrations, new brand partners, financial results, conference-call scheduling, board composition and material agreements.
The company's public updates also cover capital-structure matters and corporate-status developments following the completed sale of substantially all assets used in its business. Its news record is centered on mobile-game-driven customer engagement programs and the public-company actions connected to that operating history.
Mobivity Holdings (OTCQB: MFON) has partnered with Chicken Shack, a fast-casual restaurant chain, to implement its SmartMessage platform. This collaboration aims to enhance customer engagement and drive guest frequency as Chicken Shack expands its locations. With the ease of use of Mobivity’s system, franchisees can effectively promote new products and build a preopening subscriber base. Chicken Shack is on track to open 8 additional stores in 2021, leveraging the power of first-party data for targeted marketing, ultimately increasing visits and sales.
Mobivity Holdings Corp. (OTCQB: MFON) announced its partnership with WaBa Grill to implement the SmartMessage™ platform, enhancing digital marketing engagement across nearly 200 locations nationwide. The innovative SMS marketing program aims to reach non-loyalty program guests and increase customer visits. WaBa Grill sees this as critical for driving sales, with the potential to boost guest frequency and spending by an average of 23%. This initiative leverages Mobivity’s Trusted Redemption™ technology for accurate promotion attribution without extensive POS integration.
Mobivity Holdings Corp. (OTCQB: MFON) announced the award of U.S. Patent 10,949,868 for its Trusted Redemption™ technology, which facilitates real-time coupon redemption and fraud mitigation at point of sale (POS) without system integration. The technology aligns with Mobivity's SmartMessage™ and Unified Offers™ solutions, ensuring accurate promotion attribution across all channels. It has tracked over 50 million redemptions and features comprehensive fraud protection, making it ideal for brick-and-mortar brands.
Mobivity Holdings Corp. (OTCQB:MFON) reported Q2 2021 revenues of $2.80 million, a slight increase from $2.77 million in Q2 2020. The gross margin decreased to 55% from 56%, and operating expenses rose to $2.9 million from $2.2 million. Net loss expanded to $1.4 million compared to a loss of $725,000 in Q2 2020. Notably, the company expanded its customer base in the convenience store sector, adding a major brand to its roster, boosting subscriber growth significantly, and indicating a promising sales pipeline for future growth.
Mobivity Holdings Corp. (OTCQB: MFON) announced it will release its Q2 financial results on August 12, 2021, after market close. A conference call is scheduled for the same day at 4:30 P.M. ET, featuring the Chairman and CEO, Dennis Becker, and CFO, Lisa Brennan. Investors can join via U.S. and international dial-in numbers or through a webcast. The call replay will be available for two weeks. Mobivity's Recurrency platform enhances customer engagement by leveraging POS transaction data, crucial for retailers and restaurants.
Mobivity Holdings Corp. (OTCQB:MFON) announced its participation in the Canaccord Genuity 41st Annual Growth Conference, scheduled for 11 a.m. ET on August 11, 2021. The virtual conference runs from August 10-12, 2021, providing opportunities for one-on-one meetings with management, including CEO Dennis Becker and CFO Lisa Brennan. Mobivity's Recurrency platform enhances customer engagement for brands in restaurants, retail, and personal care sectors. For more details, visit canaccordgenuity.com.
Mobivity Holdings Corp. (OTCQB: MFON) has announced a two-year partnership with BBQ Holdings, enhancing mobile engagement for its restaurant brands, Famous Dave’s and Granite City. This collaboration follows the success of Mobivity’s Unified Messaging platform, which increased customer frequency by 26% and yielded almost 50X Return on Marketing Spend for Famous Dave’s during the pandemic. The partnership aims to strengthen guest engagement and loyalty through personalized text messaging, positioning BBQ Holdings as a leader in restaurant marketing technology.
Mobivity Holdings Corp. (OTCQB:MFON) reported a Q1 2021 revenue of $2.5 million, down from $4.6 million in Q1 2020, with a gross margin of 58% compared to 65% last year. Net loss widened to $1.7 million from $1.0 million year-over-year. Despite these challenges, the company saw significant growth in its sales pipeline, increasing over 500% since February 2021. Business highlights included a partnership with a major cryptocurrency and the appointment of Al West as Chief Revenue Officer to drive sales expansion.
Mobivity Holdings Corp. (OTCQB: MFON) will announce its first-quarter results for the period ending March 31, 2021, on May 13, 2021, after market close. A conference call is scheduled for 4:30 PM ET the same day, featuring CEO Dennis Becker and CFO Lisa Brennan. Participants can join via U.S. number 1-800-954-0627 or international number 1-212-271-4657, referencing Conference ID 21994184. A replay will be available for two weeks post-call. Mobivity’s Recurrency platform enhances customer engagement for various brands by leveraging detailed POS transaction data and messaging applications.
Mobivity Holdings Corp. (MFON) reported a strong performance for Q4 and full-year 2020, with revenues rising 32% to $13.3 million and a gross margin increase to 64%. The net loss improved to $2.9 million, a $5.9 million reduction from 2019. Q4 revenues reached $2.8 million, and operating expenses decreased by 39%. Cash used in operations fell to $1.4 million. The company ended 2020 with $3.2 million in cash and improved stockholder equity of $1.7 million. CEO Dennis Becker noted the successful adaptation to digital marketing amidst COVID challenges and announced expansion into convenience stores.