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Viewbix Inc. is a leading provider of interactive video marketing solutions that help businesses drive sales and leads through their videos. With Viewbix, users can easily add calls-to-action and interactive apps to their existing videos in just minutes, making them instantly engaging and actionable. The platform supports videos from YouTube, Vimeo, Facebook, and other third-party sources, and allows for seamless sharing across web, mobile, and social networks. Viewbix offers a range of customizable players and over two dozen interactive apps to choose from, including options for mailing list sign-ups, eBay listings, Skype interactions, Twitter feeds, and more.
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.
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