PHOENIX, Aug. 12, 2021 (GLOBE NEWSWIRE) — Mobivity Holdings Corp. (OTCQB:MFON), maker of the award-winning Recurrency platform that increases customer engagement through mobile messaging and personalized digital offers, and drives digital transformation for brands, today announced financial results for the second quarter (“Q2”) ending June 30, 2021.
Summary of Fiscal 2021 Second Quarter
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Revenues of $2.80 million in Q2 2021 compared to $2.77 million in Q2 2020.
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Gross margin of 55% compared to 56% in Q2 2020.
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Operating expenses increased to $2.9 million compared to $2.2 million during the same period reported in 2020.
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Cash and cash equivalents totalled $1.9 million compared to $1.0 million in Q2 of 2020.
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Net loss was $1.4 million compared to a net loss of $725,000 in Q2 2020.
Second Quarter 2021 Business Highlights
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Expanded customer base to the convenience store industry, including the addition of the world’s second largest convenience store brand expanding deployments to more than 47,000
Article source: https://finance.yahoo.com/news/mobivity-announces-second-quarter-2021-200500193.html
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