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Mobi724 Announces Q1-2021 Financial Highlights


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. ....

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