Mobivity Holdings Earnings Call Transcripts
Fiscal Year 2024
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Q3 2024 marked a transformative period, with the SMS business divested and Connected Rewards now the sole focus, driving record audience reach and a robust pipeline. Profitability is expected in the first half of 2025, supported by strong revenue growth and cost reductions.
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Connected Rewards has shifted entirely to a performance marketplace model, driving high engagement and ROI by linking digital and real-world rewards through omnichannel offers. The platform's unique technology, broad integrations, and data-driven approach position it for growth across new verticals and geographies.
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Q2 2024 saw 20% quarter-over-quarter revenue growth in Connected Rewards, a major new Paytronix partnership, and a near doubling of the business pipeline. The company is transitioning to focus exclusively on Connected Rewards by Q3, targeting rapid scaling in a $40B market.