SYMBOLIC LOGIC INC - EVOL STOCK NEWS

Evolving Systems (NASDAQ: EVOL) announces that Cellcard Cambodia is upgrading to its new Evolution 2.0 platform. This upgrade aims to enhance the Cellcard Club loyalty program by delivering personalized offers to 4 million customers through digital media. New features will include journey-based campaigns, real-time offers, and gamified experiences. Currently, 50% of club members engage in games, with significant growth in membership and engagement. The upgrade targets reduced churn and enhanced appeal to the youth market, aligning with Cellcard's digitalization goals.

Evolving Systems, Inc. (NASDAQ: EVOL) reported Q1 2021 revenue of $6.5 million, a 2.8% increase from the previous year, driven by existing client projects. The company's cash and cash equivalents rose to $4.3 million. However, it recorded a net loss of $0.9 million, largely due to foreign currency losses and a $0.3 million contingent liability related to ongoing litigation. Adjusted EBITDA was $0.3 million, indicating steady performance amidst challenges. Operating loss was $0.2 million.

Evolving Systems (NASDAQ: EVOL) will release its Q1 2021 financial results on May 13, 2021, after market close. A conference call for investors is scheduled for the same day at 3 p.m. MT (5 p.m. ET). Interested participants can register via the company's website for a live video webcast of the call. Evolving Systems provides real-time digital engagement solutions for over 90 service providers globally, enhancing customer activation and retention.

Evolving Systems, Inc. (NASDAQ: EVOL) is highlighted in a new report by Loyalty360, emphasizing the crucial role of digital customer engagement in today’s competitive landscape. The report indicates that over half of companies are planning to enhance their technology for better customer experiences. However, creating these experiences remains challenging. Evolving Systems’ Evolution Customer Value Management platform, designed to integrate customer data and improve engagement, is noted for its success in numerous deployments. CEO Matthew Stecker acknowledges the report's insights into the importance of customer loyalty amidst digital transformations.

Evolving Systems, a leader in real-time digital engagement, reported a 2020 revenue increase to $26.4 million, up 2.3% from 2019. For Q4, revenues were $7.0 million, a 4.2% year-over-year growth. Operating income was $1.0 million for the year and $0.5 million for Q4, with positive adjusted EBITDA of $2.4 million for the full year. The company increased working capital by 44.9% to $5.5 million. Positive cash flow and the final bank loan payment were made, while management emphasized innovation for future growth amidst the pandemic.

Evolving Systems (NASDAQ: EVOL) will announce its 2020 fourth quarter and year-end financial results on March 17, 2021, after market close. A conference call discussing these results is scheduled for the same day at 3 p.m. MT (5 p.m. ET). Investors can register for a live video Webcast through the company’s website. Evolving Systems, headquartered in Englewood, Colorado, provides digital engagement solutions for Communications Service Providers globally, serving over 90 clients in 60 countries.

Evolving Systems, Inc. (Nasdaq: EVOL) outlines anticipated trends for 2021, highlighting ongoing changes due to the COVID-19 pandemic. Key focuses include the rollout of 5G, enhancing customer data usage for improved experience, and expanding content monetization through AI. The company expects increased investments from telecom operators and a rise in mobile service utilization despite economic challenges. Customer loyalty programs will evolve, emphasizing personalized engagement to foster deeper relationships and address shifting consumer needs.

Evolving Systems, Inc. (Nasdaq: EVOL) has joined the TM Forum, an alliance of over 850 global companies focused on digital transformation. As a leader in operational support and business support systems, Evolving Systems intends to leverage its 30 years of experience to help accelerate digital transformations across the industry. The collaboration aims to enhance 5G developments and improve customer engagement through innovative solutions. CEO Matthew Stecker emphasized the importance of business and IT agility in the evolving digital landscape, signaling the company's commitment to shaping future industry standards.

Evolving Systems (EVOL) reported third-quarter 2020 revenue of $6.8 million, a $0.5 million increase from the previous quarter. Year-to-date revenue reached $19.4 million, marking a 1.7% increase from 2019. The company achieved an operating profit of $0.4 million and net income of $0.1 million. Adjusted EBITDA was $0.8 million, up from $0.1 million a year ago. Despite challenges posed by the pandemic, Evolving Systems maintained positive cash flow and increased its working capital to $4.8 million.