Mobivity Touts Record Revenue

Mobivity Touts Record RevenueAhead of the weekend, the folks at Mobivity, a provider of SmartReceipt POS cloud-based SAAS marketing solutions and mobile marketing technologies, announced financial results for the third quarter ended September 30, 2015.

All told, the record revenue touted by the company paints a promising picture of the overall health of the mobile marketing space today.

In its release, Mobivity reported Q3 2015 record revenue of $1,304,000, a year-over-year increase of $260,000, or 25% as compared to the prior year quarter ended September 30, 2014.
Additionally, gross margin in Q3 2015 increased to a record 78% versus 74% in Q3 2014 and 75% in Q2 2015.

Dennis Becker, CEO of Mobivity, was understandably pleased.

“The continuing revenue growth we are experiencing through Q3 2015 is a direct result of new customer wins in earlier quarters and expansion of existing customer programs, including installations of our patented SmartReceipt POS and SmartSMS solutions,” Becker says. “While we’re very excited to post a record quarter, we feel we’re only at the beginning of our growth opportunity given our current customers represent over 25,000 more locations in which we have yet to deploy.”