MOBIQUITY TECHNOLOGIES INC Stock Price, News & Analysis

Mobiquity Technologies, Inc. (Nasdaq: MOBQ) has filed its Form 10-Q for the period ending September 30, 2022, restoring compliance with Nasdaq Listing Rule 5250 (c)(1). The delay in filing was due to an overstatement of losses for the fiscal years 2020 and 2021. Additionally, an amended 10-K/A has been filed to correct these net losses. Mobiquity is a provider of data intelligence and advertising technologies, maintaining a robust audience database and offering programmatic advertising solutions through its Advangelists subsidiary.

Mobiquity Technologies, Inc. (Nasdaq: MOBQ) announced on November 25, 2022, that it received a deficiency notification from Nasdaq for failing to file its Form 10-Q for the period ending September 30, 2022. The Company has 60 days to submit a compliance plan, with the Form 10-Q expected to be filed by December 9, 2022. Additionally, the Company revealed that its previously filed Form 10-K/A is no longer reliable due to an overstatement of net loss by approximately $3.3 million for 2020, necessitating a restatement of financials for both 2020 and 2021.

Mobiquity Technologies (NASDAQ: MOBQ) has expanded its digital advertising portfolio by adding audio ads. This enhancement allows advertisers to reach audiences through platforms like Spotify and Tunein. The automated programmatic audio ads can be played pre-roll, mid-roll, or post-roll during streaming content. With digital audio expected to account for over 12% of media time in 2022, and ad spending projected to hit $6 billion in the US for 2023, this move aims to boost engagement and targeting for brands.

Mobiquity Technologies, Inc. (NASDAQ: MOBQ) announced the mutual resolution of an employment dispute with Don (Trey) Barrett III regarding his separation from the company, effective March 17, 2022. This agreement, reported in the quarterly 10-Q, states that the termination is not for cause and prevents any significant early termination penalties for the company. Mobiquity Technologies specializes in data and advertising solutions, leveraging one of the largest audience databases through its data services division and programmatic advertising technologies via its Advangelists subsidiary.

Mobiquity Technologies (NASDAQ: MOBQ) announced its partnership with Endorse, a digital marketing firm, to enhance marketing strategies in Crypto, NFT, Gaming, and Web3 sectors using Mobiquity's proprietary CryptoGraph technology. Endorse's CEO praised Mobiquity for its excellent service and results, and Mobiquity's President expressed enthusiasm for providing programmatic services to Endorse's clients. This collaboration aims to strengthen their presence in the evolving digital landscape.

Mobiquity Technologies, Inc. (NASDAQ: MOBQ) has successfully partnered with Swap TC, delivering data and programmatic advertising support for their pre-sale launch of the stablecoin BNB. The pre-sale sold out eight days ahead of schedule, driven by Mobiquity’s CryptoGraph technology, enhancing market awareness. Swap TC aims to offer accurate, real-time crypto analytics while rewarding long-term token holders, promoting market stability. Key executives from both companies expressed optimism about their collaboration and future projects.

Mobiquity Technologies, Inc. reported impressive financial results for Q2 2022, highlighting a 273% revenue growth compared to Q2 2021 and 201% growth for the first half of 2022. Additionally, the loss from operations fell 53% in Q2 and 20% over six months compared to the previous year. The company attributed its growth to new technologies like HomeGraph and CryptoGraph, with a significant 350% increase in Video/CTV revenue. Mobiquity is optimistic about returning to pre-pandemic growth levels, backed by positive client feedback and a robust revenue pipeline.

Mobiquity Technologies, Inc. has launched a 12-month advertising campaign for Bitburn, a burn token aimed at increasing its crypto adoption. Bitburn token holders receive 5% Bitcoin rewards based on transaction volume. The initiative builds on Mobiquity’s CryptoGraph technology success and is expected to enhance Bitburn's visibility within the crypto community. Key figures from Mobiquity expressed enthusiasm about the future relationship, aiming to present Bitburn's unique offerings to a larger audience.

Mobiquity Technologies, Inc. (NASDAQ: MOBQ) has announced an expansion of its partnership with GroveToken LLC for a 12-month global marketing campaign. This initiative aims to raise awareness for GroveToken's GreenKeeper© and GreenOasis© technologies following their recent showcase with the Dubai Royal Family. The campaign will begin in the United States, Canada, and Australia, with plans for expansion to 12 additional countries in the Pacific Rim region. Funding from GEM will support GroveToken's roadmap for advancing eco-friendly digital currency.