OTC:MOBQ
Mobiquity Technologies, Inc.
Mobiquity Technologies is a digital connectivity platform provider helping brands deliver personalized content on mobile devices through advanced data infrastructure.
Key Metrics
Investment Thesis
Bull Case
Investors may consider MOBQ for its unique position as a data infrastructure layer within mobile devices, offering potential first-mover advantages in next-generation connectivity standards. The company's ability to monetize massive user graphs could yield high margins if they can successfully scale operations and improve revenue retention.
Bear Case
The stock is fundamentally risky due to deep accumulated losses exceeding $225M and a persistent inability to generate positive operating cash flow from core business activities. With current liabilities significantly outpacing assets and a massive retained earnings deficit, the company faces existential threats if it cannot drastically reduce its burn rate or secure major new funding rounds.
About Mobiquity Technologies, Inc.
Mobiquity Technologies provides digital solutions that connect people to relevant content, primarily serving mobile device manufacturers and technology companies. The company leverages its proprietary data infrastructure to deliver hyper-personalized advertising experiences across various markets including smartphones and tablets. Key products include software platforms for contextual marketing and real-time user engagement analytics.
Analysis
Management Discussion
The company reported a net loss of $8.6M for the latest period with operating expenses reaching $9.2M against only $2.1M in revenue, highlighting significant cost pressures. While cash flow from financing activities provided $4.5M and share issuances added $4.0M, the negative cash flow from operations of $2.4M underscores the difficulty in achieving profitability without substantial external capital injection.
Industry Overview
The digital advertising and mobile technology sector is highly competitive with rapid shifts in user privacy regulations and data usage policies impacting traditional business models. Companies must constantly innovate to integrate seamlessly with evolving operating systems while maintaining compliance with global data protection standards.
Financial Statements
Income Statement
Balance Sheet
Cash Flow
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | $4.2M | $860.1K | $2.1M |
| Cost of Revenue | $2.3M | $480.2K | $1.1M |
| Gross Profit | $1.9M | $379.9K | $961.6K |
| Operating Expenses | $9.2M | $5.9M | $9.2M |
| Operating Income | $-7.3M | $-5.5M | $-8.2M |
| G&A | $9.2M | $5.2M | $8.8M |
| Stock-Based Comp | $83.6K | $306.9K | $4.1M |
| D&A | — | $685.3K | $390.9K |
| Depreciation | $9.2K | $7.4K | $4.7K |
| Amortization | $600.7K | $569.8K | $76.5K |
| Other OpEx | $0 | $685.3K | $390.9K |
| Non-Operating Income | $0 | $-1.2M | $-466.4K |
| Interest Expense | — | $771.9K | — |
| Pre-Tax Income | $-7.3M | $-6.7M | $-8.7M |
| Income Tax | $720.6K | $-182.0K | $-84.3K |
| Continuing Ops | $-8.1M | $-6.5M | $-8.6M |
| Discontinued Ops | $0 | $0 | $0 |
| Net Income | $-8.1M | $-6.5M | $-8.6M |
| Minority Interest | $0 | $0 | $0 |
| Net to Common | $-8.1M | $-6.5M | $-8.6M |
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Current Assets | $621.0K | $712.5K | $2.0M |
| Cash & Equivalents | $220.9K | $528.3K | $1.2M |
| Accounts Receivable | $340.9K | $34.6K | $47.9K |
| Other Current Assets | $59.2K | $149.6K | $768.6K |
| Long-Term Assets | $2.0M | $3.5M | $4.5M |
| PP&E (Net) | $15.4K | $7.3K | $4.4K |
| Intangibles | $646.3K | $76.5K | $0 |
| Goodwill | $1.4M | $1.4M | $1.4M |
| Other LT Assets | $0 | $2.0M | $3.2M |
| Total Assets | $2.6M | $4.2M | $6.5M |
| Current Liabilities | $2.5M | $2.0M | $3.2M |
| Accounts Payable | $2.3M | $1.6M | $2.5M |
| Current Debt | $0 | $168.7K | $673.9K |
| Deferred Revenue | $193.6K | $195.1K | $25.5K |
| Other Current Liab | $0 | $0 | $-12.0K |
| Long-Term Liabilities | $150.0K | $0 | $0 |
| Long-Term Debt | $150.0K | $0 | — |
| Other LT Liab | $0 | $0 | — |
| Total Liabilities | $2.6M | $2.0M | $3.2M |
| Shareholders' Equity | $-10.8K | $2.2M | $3.3M |
| Paid-In Capital | $211.8M | $220.6M | $230.3M |
| Retained Earnings | $-210.5M | $-217.0M | $-225.6M |
| Treasury Stock | $1.4M | — | — |
| Total L&E | $2.6M | $4.2M | $6.5M |
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Income (CFO) | $-8.1M | $-6.5M | $-8.6M |
| Non-Cash Adjustments | $1.1M | $2.6M | $5.3M |
| Working Capital Changes | $797.3K | $-503.6K | $871.5K |
| Cash from Operations | $-6.2M | $-4.4M | $-2.4M |
| Capital Expenditures | $8.0K | $0 | — |
| Cash from Investing | $-8.0K | $-2.2M | $-1.4M |
| Cash from Financing | $1.0M | $6.9M | $4.5M |
| FX Effect | $0 | $0 | $0 |
| Net Change in Cash | $-5.2M | $307.4K | $631.7K |
| Beginning Cash | $5.4M | $220.9K | $528.3K |
| Ending Cash | $220.9K | $528.3K | $1.2M |
Frequently Asked Questions
How does Mobiquity Technologies, Inc. make money?
Mobile Device Solutions providing SDKs and APIs for OEMs; Advertising Technology enabling targeted ad delivery; Data Infrastructure services offering real-time user profiling and contextual matching capabilities.
What are the main risks for MOBQ?
Severe and recurring net losses of $8.6M indicating unsustainable burn rate relative to current revenue; Dramatic revenue contraction from $4.2M in 2022 to $0.9M in 2023 before a partial recovery; High reliance on a few large clients concentrated in the volatile mobile hardware supply chain.
What is MOBQ's competitive advantage?
Proprietary data graph technology that uniquely links users across multiple digital touchpoints; Strong partnerships with major mobile device manufacturers ensuring embedded presence in new hardware; Scalable cloud architecture allowing rapid adaptation to emerging mobile ecosystems.
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Not financial advice. All content is for informational purposes only. Data may contain errors. Consult a qualified financial advisor before making investment decisions.