MOBIVITY HOLDINGS CORP - MFON STOCK NEWS

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.

Mobivity Holdings Corp. (MFON) will release Q4 and year-end 2023 results on April 1, 2024, followed by a conference call. The call will be webcast live and a replay will be available for two weeks. Investors can access the replay on the company's website.

Mobivity Holdings Corp. (MFON) achieved a major corporate milestone with over 30 million consumers participating in its Connected Rewards product. The company's technology has been utilized by two of the largest fuel brands, several top 10 convenience stores, and more than 20 major restaurant chains, connecting their brand offers to 200 million U.S. consumers who download and play mobile games monthly. Brands have seen increased customer and loyalty member acquisition and store transactions without impacting marketing budgets. Mobivity's program has helped brands achieve their marketing objectives, with examples including a top 3 C-store reducing acquisition costs by 82%, a national restaurant chain driving 54% of redemptions from lapsed customers, and a major retail brand seeing 57% larger basket sizes by adding games to their offers.

Mobivity Holdings Corp. (OTCQB:MFON) announced Q3 2023 financial results with revenues of $1.6 million, gross profit margin improvement to 29%, and adjusted EBITDA of ($2.1) million. The company also expanded product offerings and optimized business structure.

Mobivity Holdings Corp. (MFON) to Release Q3 2023 Results on November 14, 2023. Conference call scheduled at 4:15 P.M. Eastern Time. Dial-in numbers and webcast information provided. Replay available for two weeks. Investor relations section on the company's website.

Mobivity Holdings Corp. (OTCQB:MFON) strengthens its growth trajectory with key executive hires in finance, engineering, product, and sales. Chairman and CEO Dennis Becker to depart by August 31, 2023. The company's focus on digital user acquisition and retention drives the development of the Connected Rewards solution, targeting brand marketers and mobile gaming audiences.

Mobivity Holdings Corp. announced that a major global convenience store brand successfully acquired thousands of digital consumers through Mobivity’s Connected Rewards. The brand acquired over 158,000 new consumers nearly 30% faster with an 82% lower acquisition cost than their common digital advertising channels. The program also resulted in double-digit improvements in opt-in and opt-out rates, driving increased loyalty memberships and digital sales.