Welcome to our dedicated page for Viewbix news (Ticker: VBIX), a resource for investors and traders seeking the latest updates and insights on Viewbix stock.
Viewbix Inc. (VBIX) is a leader in interactive video technology that transforms passive content into engagement-driven experiences through embedded applications and real-time analytics. This news hub provides investors and industry professionals with essential updates about the company's strategic developments, financial performance, and technological innovations.
Access authoritative information about Viewbix's market position in the digital advertising sector, including earnings reports, product enhancements, and partnership announcements. Our curated collection includes press releases detailing new interactive app integrations, platform upgrades, and measurable impacts on video marketing effectiveness.
Key updates cover advancements in customizable video players, cross-platform compatibility improvements, and data-driven engagement solutions. Stay informed about how Viewbix continues to redefine viewer interactions through technologies that convert passive watching into actionable consumer behavior.
Bookmark this page for streamlined access to official Viewbix communications. Regularly updated content ensures you maintain current awareness of developments affecting the company's role in shaping interactive digital experiences.
Viewbix Inc. (OTC: VBIX) has announced a strategic move to acquire a 19.99% stake in Metagramm Software , an innovative AI and natural language processing company. The deal involves a securities exchange agreement where Viewbix will receive 19.99% of Metagramm's outstanding capital stock, while Metagramm will acquire 9.99% of Viewbix's stock.
Metagramm's flagship product, Bubbl, is an advanced writing tool that leverages machine learning, NLP, AI, and deep learning technologies. Bubbl offers various interactive modes, including a re-write floating window, inline mode, and grammar-only mode. The tool aims to revolutionize writing assistance by combining semantic analysis with advanced technologies like pre-training and reinforcement learning of Specialized Language Models (SLMs) and Large Language Models (LLMs).
Viewbix reported strong financial results for the fiscal year ended December 31, 2022, with a record revenue of $96.6 million, representing a 114% increase year-over-year. The fourth quarter alone saw revenues reach $30.5 million, up 43%. Operating income surged to $2.7 million compared to $541,000 in 2021. EBITDA rose 123% year-over-year to $5.5 million. Notably, net profit increased to $1.1 million, reflecting a 89% growth from the previous year. Viewbix attributes this growth to its digital content activity and the acquisition of Cortex Media Group, and aims to expand further in the digital advertising market.
Viewbix (OTC: VBIX) has announced the acquisition of an additional 10% stake in Cortex Media Group Ltd., increasing its ownership to 80%. This Subsequent Purchase was valued at approximately $27 million, funded by $2.7 million in cash and a $1.5 million bank loan. Since the Initial Purchase in October 2021, Cortex's valuation has increased due to improved financial results, with Gix Media's revenues growing by 176% to $66.1 million in the first nine months of 2022 compared to 2021. Viewbix's CEO expressed excitement over Cortex's positive trend and plans to expand in the content sector.
Viewbix announced significant financial growth for Q3 2022, marking its first results post-acquisition of Gix Media. Revenues soared to $22.8 million, up 182% year-over-year, leading to an operating income of $427,000, a turnaround from a $111,000 loss in Q3 2021. EBITDA reached $1.2 million, a 268% increase, while net cash from operations doubled to $1.6 million. Despite a GAAP net loss of $30, the non-GAAP net income rose by 56% to $844,000. CEO Amihay Hadad highlighted plans for further growth in ad and mar-tech sectors.
FAQ
What is the current stock price of Viewbix (VBIX)?
What is the market cap of Viewbix (VBIX)?
