Mobivity Q2 2023 revenue flat at $1.9M; net loss widens to $2.3M

MOBIVITY HOLDINGS CORP.

2023-Q2 EPS reported -$0.07 revenue$3,742,653

Revenue of $1.9M flat YoY; gross margin fell to 26.3% from 35.6% (930 bps decline).
Net loss widened to $2.3M from $2.0M; adjusted EBITDA loss deepened to $1.8M from $1.1M.
Cash and equivalents $529K as of June 30, 2023, up from $427K at Dec 31, 2022.
Appointed Will Sanchez as CFO, Asif Iqbal VP Engineering, Dan Grigorovici VP Product, and others.
Signed contracts with mobile game publisher, international restaurant brand, and global convenience store brand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOBIVITY HOLDINGS CORP. reported Q2 2023 results: revenue $1.9 million, net income $2.3 million.

Period: Q2 2023
Revenue: $1.9 million
Net income: $2.3 million
Result: reported results

Exact text from the filing

acquisition, frequency, and spend, today announced financial results for the second quarter (“Q2”) ended June 30, 2023. Q2 2023 Financial Highlights ● Revenues of $1.9 million remained consistent compared to $1.9 million in Q2 2022. ● Gross profit margin of 26% compared to 36% in Q2 2022. ● Operating expenses of $2.5 million compared to $2.4 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOBIVITY HOLDINGS CORP. reported the second quarter ended June 30, 2023 results: revenue $1.9 million, net income $2.3 million.

Period: the second quarter ended June 30, 2023
Revenue: $1.9 million
Net income: $2.3 million
Result: reported results

Exact text from the filing

acquisition, frequency, and spend, today announced financial results for the second quarter (“Q2”) ended June 30, 2023. Q2 2023 Financial Highlights ● Revenues of $1.9 million remained consistent compared to $1.9 million in Q2 2022. ● Gross profit margin of 26% compared to 36% in Q2 2022. ● Operating expenses of $2.5 million compared to $2.4 million

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

MOBIVITY HOLDINGS CORP. filing history →

Source: SEC EDGAR

accession 0001493152-23-028608

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