Mobivity Holdings Corp (OTC:MFON)

Mobivity Holdings Corp (OTC:MFON) ($1.75; $96.9M market cap), the maker of the Recurrency platform that increases customer engagement through mobile messaging and personalized digital offers, announced Q2 2021 results:

• Sales of $2.80 million vs $2.77 million in the prior year
• Net loss of $0.03 vs net loss of $0.01

 “Revenue growth resumed in the second quarter as our team expanded our sales and marketing efforts in anticipation of growing demand and expansion into new markets. Our success growing into the convenience store market, including the second largest convenience store chain in the world, has diversified our market focus and greatly expanded our sales pipeline... Our long-term strategy has always been to deliver our products and services beyond the restaurant industry and in just six months we have proven that we can penetrate another lucrative vertical market. As the restaurant industry resumes its recovery from the pandemic, and we expand into new markets such as the convenience store industry, we believe our increased visibility across industries and proven success will result in accelerated growth throughout the remainder of this year. I thank the entire team at Mobivity for their continued dedication to building value for our customers and shareholders, despite the historic challenges of these times.”

Echoing the sentiment of the release, the conference call suggests growth will accelerate moving forward throughout this year and beyond:

“As the restaurant industry resumes its recovery from the pandemic, coupled with our aggressive expansion into new markets such as the convenience store industry, we believe our increased industry visibility and proven success will result in accelerated growth throughout the remainder of this year and beyond.”

Mobivity Holdings Corp (OTC:MFON) ($0.96; $49.5M market cap), the maker of the award-winning Recurrency platform that increases customer engagement through mobile messaging and personalized digital offers, announced Q3 2020 results:

• Sales of $3.2 million vs $2.5 million in the prior year
• Small profit of $39,000 vs a loss of $0.04 per share or $1.9 million in prior year

"For the third quarter, we reached a pivotal point in our company with bottom-line net profitability, and our year-to-date revenue exceeds gross revenue generated for all of last year. Our solutions have played a critical role for our customers as they race to transform their businesses with digital solutions that meet the increasing need for low to no contact commerce and provide a quick and quantifiable return on investment. Importantly, our cash used in operations improved by nearly 90% through the first nine months of the year reflecting the operating leverage in our business model as we continue to grow and leverage the investments we have made in our award-winning technology platform.”

We’re also excited to report that our partnership with a major snack and beverage brand is already yielding wins, adding new logos to our roster and significantly expanding our addressable market. We have begun promoting our Recurrency platform to their 50,000 customers, and we have trained approximately 400 sales reps on the benefits of our Recurrency platform for restaurant operators. We believe that additional growth is achievable as this partnership accelerates and are looking forward to finishing the year strong.”