Mobiquity Technologies, Inc.
1.4300+0.08 (+5.93%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · MOBQ · USD
Key Stats
Market Cap
31.34MP/E (TTM)
-Basic EPS (TTM)
-0.78Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Mobiquity Technologies posted Q2 FY2025 revenues of $31K, down sharply from $267K a year earlier, as political ad dollars dried up while the team geared up for a big push into casino gaming ads via its Context Networks tie-up. Gross margins held firm at 99%, but operating expenses ballooned to $1.99M from $1.10M, fueled by $1.11M in non-cash stock-for-services hits and higher amortization, driving an operating loss of $1.96M versus $1.02M last year. Net loss widened to $2.17M or $0.11 per share on 20.6M diluted shares, with the extra sting from $208K interest on debt. Cash dipped to $184K after $2.57M ops burn, offset by $1.60M in equity raises; debt sits at $704K current, with merchant deals and notes due soon. The February stock swap for Context equity locked in minority stakes, eyeing synergies in blockchain ad tech for slots. Yet customer concentration risks loom large, with three clients driving 85% of H1 sales.
8-K
Secures $4M equity line
Mobiiquity Technologies secured a $4 million equity line of credit with ClearThink Capital Partners on June 30, 2025, allowing flexible share sales at 91% of recent VWAPs, capped per draw at $1 million or 400% of average volume. It also sold 250,000 restricted shares for $250,000 in two closings, issuing 100,000 shares as commitment fee. This bolsters liquidity over 24 months, yet access hinges on no defaults like trading suspensions. Events of default trigger termination.
10-Q
Q1 FY2025 results
Mobiquity Technologies posted Q1 FY2025 revenue of $12.6K, down sharply 95% y/y from $263K amid a strategic pivot away from one-off political ads toward long-term growth via its Context Networks alliance. Gross loss hit $18.9K on higher costs, while operating expenses jumped to $2.1M—driven by $1.1M in professional fees, including $641K non-cash stock for services—yielding a $2.1M operating loss, 104% worse y/y. Net loss widened to $2.3M or $0.12 per diluted share on 19.5M shares, with the gap to operating loss mainly from $151K interest expense on debt discounts. Cash dipped to $331K after $1.3M operating burn, offset by $570K equity raises and $246K net debt proceeds; total debt stood at $926K net of $194K discounts. In February, it swapped 127K shares for a minority stake in Context, eyeing casino ad tech synergies. Yet customer concentration risks persist, with four clients driving 90% of sales.
8-K
Auditor switch completed cleanly
Mobiquity Technologies switched auditors on April 25, 2025, as Assurance Dimensions resigned while exiting public company audits. No disagreements or reportable events marred the prior audits for 2023 and 2024. The company promptly engaged Stephano Slack for the 2025 fiscal year. Clean handover. This routine shift ensures uninterrupted compliance amid Assurance's broader pullback.
10-K
FY2024 results
Mobiquity Technologies posted FY2024 revenue of $2.1M, up 143% y/y from $860K in 2023, fueled by political ad spend that drove Q4 acceleration amid annual platform enhancements. Gross margins expanded to 46% from 44%, yet operating losses widened to $8.2M from $5.5M, pressured by $4.1M in stock-based compensation—mostly non-cash—while net loss hit $8.6M versus $6.5M prior year. Q4 momentum shone through ATOS and AdHere platform rollouts, plus a November partnership with Context Networks for casino ad tech, setting up 2025 growth; cash burn eased to $2.4M from $4.4M, ending with $1.2M on hand after $4M equity raises. Debt stands at $874K, mostly short-term merchant advances, with no dividends or buybacks. Management eyes FY2025 uplift from the partnership, but customer concentration (two clients at 58% revenue) risks quarterly volatility.
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