secwatch.observer — SEC 8-K summary
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Issuer:     MOBIVITY HOLDINGS CORP. (MFON)
CIK:        0001447380
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028608
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1447380/000149315223028608/0001493152-23-028608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1447380/000149315223028608/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028608

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