Mobiquity Technologies Reports Second Quarter 2022 Financial Results and Business Update
August 19 2022 - 08:30AM
GlobeNewswire Inc.
Alert
Share On Facebook
Mobiquity Technologies, Inc. (NASDAQ: MOBQ) (the “Company”), a leading provider of next-generation advertising technology, today announced financial results for the second quarter of 2022 and provided a business update.
Business Update
HomeGraph, CryptoGraph and Contextual Targeting paved the way for Mobiquity’s growth.
Revenue growth shows signs of returning to Pre-Pandemic levels.
Political, Crypto and Data verticals lead revenue growth.
Higher margin product mix, Video/CTV revenue increased 350% Q2 2022 versus Q2 2021 and 300% for the 6-months 2022 versus 2021
Dean Julia, Chief Executive Officer of Mobiquity said, “The COVID pandemic significantly derailed our revenue growth during 2020 and 2021, primarily because we were a location-based targeting company and location-based data vanished due to the fact that much of the population was home. Mobiquity had grown from approximately $1.5 million in revenue in 2018 to just under $10 million in revenue in 2019, and our sales pipeline indicated a continuation of that growth trajectory. The pandemic then shut down the country and the need for location-based data. During that shut down period Mobiquity was able to develop new targeting technologies including HomeGraph, CryptoGraph and Contextual targeting. HomeGraph utilizes proprietary IP-Address, Co-Location and Mobile Location Staypoint Algorithms to identify and target unique audiences with precision at scale across mobile, desktop and CTV. CryptoGraph provides access to a contextual market of over 40 million users interested in cryptocurrencies, NFTs, and Metaverse projects. Mobiquity’s proprietary contextual target tool is based on scraping pages to understand the context of the page as opposed to simple keywords, thus providing a more relevant audience. I am pleased to tell our shareholders that we believe we are on pace to resume our growth trajectory to levels prior to the pandemic shut down. We are receiving positive feedback from existing and new clients alike regarding our new targeting tools and we are optimistic about our revenue pipeline moving forward.”
For more information regarding results and business updates for the quarter ended June 30, 2022, please click the here.
About Mobiquity Technologies
Mobiquity Technologies, Inc. is a next generation, Platform-as-a-Service (PaaS) company for data and advertising. The Company maintains one of the largest audience databases available to advertisers and marketers through its data services division. Mobiquity Technologies’ Advangelists subsidiary (www.advangelists.com) provides programmatic advertising technologies and insights on consumer behavior. For more information, please visit: https://mobiquitytechnologies.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Mobiquity Technologies, Inc. Investor Relations:
Columbia Marketing Group
Email: john@TheColumbiaMarketingGroup.com
Phone: 646-736-1900
Primary Logo
Mobiquity Technologies (NASDAQ:MOBQ)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Mobiquity Technologies Charts. Mobiquity Technologies (NASDAQ:MOBQ)
Historical Stock Chart
From Aug 2021 to Aug 202
Recent MOBQ News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/08/2024 09:16:00 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 04/01/2024 08:17:54 PM
- Mobiquity Technologies Expands Partnership with AWINR Brands, Adding Twelve New Clients to its Digital Marketing Platform • GlobeNewswire Inc. • 03/04/2024 01:30:00 PM
- Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 02/15/2024 01:55:14 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:57:22 PM
- Mobiquity Technologies, Inc. Partners with AWINR Brands as Digital Marketing Platform Provider • GlobeNewswire Inc. • 02/14/2024 01:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:09:20 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 10:00:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 10:00:09 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/22/2023 10:00:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/07/2023 11:01:36 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/30/2023 09:00:27 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 11/20/2023 10:15:28 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/17/2023 09:05:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:06:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 02:15:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/09/2023 07:41:07 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 11/09/2023 07:40:01 PM
- Mobiquity Technologies Champions CTV's Power in Political Advertising with Advanced AI • GlobeNewswire Inc. • 10/18/2023 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/11/2023 12:18:34 AM
- Mobiquity Technologies' ElecTech Platform: Changing the Landscape of Political Campaign Engagement • GlobeNewswire Inc. • 08/23/2023 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/04/2023 01:00:08 PM
- Mobiquity Technologies, Inc. Announces Reverse Stock Split and Extension from Nasdaq Hearings Panel • GlobeNewswire Inc. • 08/04/2023 01:00:00 PM
- Mobiquity Technologies and Optical Near ME Rollout Joint Marketing Program to Eye Care Industry with Next-Generation Marketing Solutions • GlobeNewswire Inc. • 08/01/2023 12:00:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM