Montreal, Quebec (Newsfile Corp. - May 31, 2021) -
Mobi724 Global Solutions Inc. (TSXV: MOS) ( Mobi724 or the Company ), a fintech enabler of AI-enhanced payment card-linked solutions, announces its Q1-2021 financial highlights.
Q1-2021 vs. Q4-2020
The operating cost decreased by 49%: $872K in Q1-2021 compared to $1.724M in Q4-2020.
Net loss decreased by 47%: $971.6K in Q1-2021 compared to $1.818M in Q4-2020.
Q1-2021 vs. Q1-2020
Net loss increased by 83%: $971.6K in Q1-2021 compared to $530.8K in Q1-2020.
Our cash position on March 31 was $636.9K.
Marcel Vienneau, CEO said: In this past quarter we continued to regain sales and operations momentum, which we expect will produce results in the second half of this year. With the expansion of both our customer base and connectivity in Mexico & Central America we are becoming the Latam regional aggregator of rewards and offers.
Montreal, Quebec (Newsfile Corp. - May 31, 2021) - Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-enhanced payment card-linked solutions, announces its
Montreal, Quebec (Newsfile Corp. - May 26, 2021) - Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-enhanced payment card-linked incentives, will announce
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Mobi724 Global Solutions Inc.: Mobi724 Announces FY 2020 Financial Highlights
Montreal, Quebec (Newsfile Corp. - April 29, 2021) -
Mobi724 Global Solutions Inc. (TSXV: MOS) ( Mobi724 or the Company ), a fintech enabler of AI-enhanced payment card-linked incentives, announces FY 2020 financial highlights.
FY 2020 vs. FY 2019
Revenue increased by 5%: $1,119,742 in 2020 compared to $1,063,863 in 2019.
The burn rate decreased by 62%: $1,382,886 in 2020 compared to $3,623,356 in 2019.
Net loss decreased by 35%: $3,429,963 in 2020 compared to $5,294,419 in 2019.
Cash position on December 31, 2020 was $385K.
Q4-2020 vs. Q3-2020
Mathieu Laurin, CFO of Mobi724 said: In 2020 our focus was to preserve cash and control the burn rate. In addition, we have been working on revenue generation from our existing contracts and partnerships.