secwatch.observer — SEC 8-K summary
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Issuer:     MOBIVITY HOLDINGS CORP. (MFON)
CIK:        0001447380
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001437749-22-020601
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mobivity Q2 revenue down 33% to $1.87M; net loss widens to $1.95M
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- Revenue fell 33% YoY to $1.87M; gross margin dropped to 36% from 54% due to large customer contract restructuring.
- Net loss of $1.95M vs $1.43M in Q2 2021; adjusted EBITDA loss of $1.145M vs $0.95M.
- Operating expenses reduced 16% to $2.45M; cash and equivalents $1.1M, down from $1.8M.
- Appointed Ben Weinberger to Board; launched Connected Rewards with new restaurant and gaming partnerships.
- Pipeline expanded to over 65,000 fuel locations and multiple game publishers for Q3 campaign launches.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1447380/000143774922020601/0001437749-22-020601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1447380/000143774922020601/mobv20220811_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer