MOBIVITY HOLDINGS CORP - MFON STOCK NEWS

Mobivity Holdings Corp. (OTCQB: MFON) announced that Checkers and Rally's has renewed their partnership for a third annual term following successful results with Mobivity's Connected Rewards™ platform. The collaboration has significantly increased engagement and redemption rates, particularly among lapsed customers. Key achievements include:

1. 35.3x higher offer redemption rates for promotions tied to mobile games compared to standard offers.
2. 54% of redemptions came from customers inactive for over 90 days.
3. 2.5x increase in subsequent offer redemptions from participating mobile gaming customers.

Checkers plans to expand the program to other channels, including their loyalty app, due to the positive consumer response. The partnership has allowed Checkers to fund additional marketing efforts without increasing their overall budget.

Mobivity Holdings Corp. (OTCQB: MFON) announced Q2 2024 financial results, highlighting a 40% growth in consumer audience to over 16 million and a 10% increase in active programs. The company partnered with Paytronix to expand its Connected Rewards programs and added new brand partners in fuel and convenience sectors. Despite these positives, revenue decreased by 20.9% to $1.47 million compared to Q2 2023. Gross profit slightly increased to $494,000, with gross margin improving by 720 basis points to 33.5%. However, the company reported a net loss of $2.48 million, wider than the $2.27 million loss in Q2 2023. Adjusted EBITDA was negative $2.74 million, compared to negative $2.33 million in the same period last year.

Mobivity Holdings Corp. (OTCQB: MFON), a provider of technology connecting mobile gaming audiences to real-world brands and products, has scheduled its second quarter 2024 earnings conference call for Wednesday, August 14, 2024, at 4:30 p.m. Eastern Time. The company plans to release its Q2 2024 results, for the period ended June 30, 2024, after market close on the same day.

Investors can join the call by dialing 1-800-717-1738 (U.S. callers) or 1-646-307-1865 (international callers) using the conference ID: 66124. A live webcast will also be available. A replay of the call will be accessible for two weeks starting August 14, 2024, at approximately 7:30 p.m. ET, by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (international) with access ID: 1166124.

Mobivity Holdings Corp. (OTCQB: MFON) announced a strategic partnership and technical integration with Paytronix, a leading loyalty and guest engagement solutions provider. This partnership aims to enhance Paytronix's capabilities by offering Connected Rewards programs that increase loyalty program utilization and customer engagement. Users can seamlessly earn loyalty points by downloading and playing mobile games, driving in-store purchases with minimal effort for retailers. This collaboration allows brands to tap into the mobile gaming audience, fostering more store visits and higher order values. Bryce Daniels, President of Mobivity, and Jeff Hindman, CEO of Paytronix, emphasized the mutual benefits of bridging digital engagement with in-store loyalty programs. The partnership provides Mobivity access to Paytronix's extensive client base, including numerous restaurants, retailers, and convenience stores across the US.

Mobivity Holdings Corp. (OTCQB: MFON) released its Q1 2024 financial results on May 15, 2024. Mobivity, a technology provider connecting mobile gaming audiences to brands, showcased several business highlights:

- Consumer audience grew by over 30% to 9 million vs Q4 2023.

- Added 6 new brand partners in Q1 2024, including leaders in fuel and convenience and fast casual restaurants.

- Increased audience conversion rate by 15% vs Q4 2023.

- Grew the number of mobile game titles by 83% vs Q4 2023.

Financially, Mobivity reported a revenue decline of 15% to $1.6 million and a gross profit drop of 22% to $636,000. Operating expenses were reduced by 18% to $2.5 million, resulting in a net loss decrease of 9% to $2.3 million. Adjusted EBITDA was -$1.7 million, a 21% increase in losses. Bryce Daniels was appointed as President, focusing on growth and profitability.

Mobivity Holdings Corp. (OTCQB: MFON) has scheduled a conference call to announce first quarter 2024 results on May 15, 2024, at 4:30 p.m. ET. The company will release results after markets close. Investors can join via phone or webcast, with a replay available for two weeks.

Mobivity Holdings Corp. (MFON) reported Q4 2023 revenues of $1.6 million, a slight decrease from the previous year. Cash and cash equivalents were $0.4 million. Adjusted EBITDA improved to ($1.2) million. The company saw growth in active Connected Rewards campaigns and launched new product offerings. Mobivity reduced overhead and focused on connected rewards, leading to positive operational results.

Mobivity Holdings Corp. reschedules its conference call to announce Q4 and year-end 2023 results to April 16, 2024, after market close. Details of the call and webcast provided.

Mobivity Holdings Corp. (MFON) delays financial results and conference call for Q4 and full fiscal year 2023 due to auditing process, promising a rescheduled announcement soon.