Mobivity Q3 revenue down 14% to $1.6M; net loss widens to $3.8M

MOBIVITY HOLDINGS CORP.

2023-Q3 EPS reported -$0.13 revenue$5,375,724

Revenue $1.6M vs $1.9M in Q3 2022; gross profit margin improved to 29% from 4%.
Net loss $3.8M vs $2.8M; Adjusted EBITDA loss $2.1M vs $2.3M.
Cash and equivalents $0.5M at Sept 30, 2023, up from $0.4M at Dec 31, 2022.
Expanded Connected Rewards product offerings and launched new programs with premier brand partners.
Conference call at 4:15 p.m. ET on Nov 14, 2023; dial-in 1-888-886-7786 (ID 18371223).

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 0.95

MOBIVITY HOLDINGS CORP. reported the third quarter ended September 30, 2023 results: revenue $1.6 million.

Period: the third quarter ended September 30, 2023
Revenue: $1.6 million
Result: reported results

Exact text from the filing

Mobivity Announces Third Quarter 2023 Financial Results PHOENIX, November 14, 2023 (GLOBE NEWSWIRE) – Mobivity Holdings Corp. (OTCQB:MFON), global provider of personalized reward solutions that drive customer acquisition, frequency, and spend, today announced financial results for the third quarter ended ended September 30, 2023. Third Quarter 2023 Financial Highlights ● Revenues of $1.6 million compared to $1.9 million in Q3 2022.

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Source: SEC EDGAR

accession 0001493152-23-041062

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