Mobi724 Global Solutions Inc. (C:MOS*CA)

Business Focus: Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEDAR
Company Contact
Address: 257 Sherbrooke St E Suite 400
Tel: N/A
IR: See website
Key People
Stephane Boisvert
Chairman of the Board
Marcel Vieanneau
Chief Executive Officer
Allan Rosenhek
Chief Financial Officer, Director
Michael Schuck
President of USA Business
Johnny Hawa
Chief Operating Officer
David Beauchemin
Chief Technology Officer
Marc Chartrand
Vice President - Accounting
Robert Rioux
General Manager - Payment
Jorge Sierra
Chief Sales Officer
Business Overview
Mobi724 Global Solutions Inc is a Canada-based financial technology company. It is a technology company in digital incentives, such as mobile couponing and loyalty rewards, and payment solutions that includes also mobile payments. It is a provider of both payment and couponing/rewards transactions for both online and offline points of sale. It operates under three business segments: Payment Solution; E-couponing, and Digital Marketing. Its Payment Solution segment offers MobiVirtuo Switch, which is a payment transaction system and mPos, which is a customizable transaction application. Its E-couponing segment offers OneSwipe, Points4Voucher and PayWithPoints solutions that provide card issuers, banks and merchants the ability to issue an offer linked to a payment card that can be redeemed directly at the point of sale. Its Digital Marketing segment offers a loyalty and customer relationship solution to banks and retailers to deliver, manage and control reward options.
Financial Overview
For the three months ended 31 March 2019, Mobi724 Global Solutions Inc revenues increased 13% to C$589K. Net loss decreased 31% to C$1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Amortization of intangible assets decrease of 60% to C$115K (expense), Computer software Development decrease of 21% to C$409K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $17.09M as of Mar 31, 2019
Annual revenue (TTM): $2.64M as of Mar 31, 2019
EBITDA (TTM): -$4.17M as of Mar 31, 2019
Net annual income (TTM): -$6.58M as of Mar 31, 2019
Free cash flow (TTM): -$3.70M as of Mar 31, 2019
Net Debt Last Fiscal Year: $1.40M as of Mar 31, 2019
Shares outstanding: 218,678,031 as of May 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization