Announcement • Feb 01
Mobi724 Global Solutions Listing Transfer to NEX In accordance with TSX Venture Policy 2.5, Mobi724 Global Solutions Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on February 3, 2025, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of February 3, 2025, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from MOS to MOS.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated June 30, 2023, trading in the shares of the Company will remain suspended. Board Change • Jul 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director David Robinson was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Alejandro Rodriguez was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 25
Mobi724 Global Solutions Inc. Appoints Jacques Coté as New Chief Financial Officer Mobi724 Global Solutions Inc. announced the appointment Jacques Coté as new Chief Financial officer. He have been a Board member of the company over the past 5 years. Announcement • Dec 13
Mobi724 Global Solutions Inc. announced that it expects to receive CAD 1.5 million in funding Mobi724 Global Solutions Inc. announced a non-brokered private placement of maximum of 30,000,000 units at an issue price of CAD 0.025 per unit gross proceeds of CAD 750,000 and unsecured convertible debenture of a maximum gross proceeds of CAD 750,000, for aggregate proceeds of up to CAD 1,500,000 on December 12, 2022. Each unit is comprised of one common share of the company and one common share purchase warrant of the company. Each whole warrant entitles the holder here of to purchase one common share for a period of 5 years after the closing date at a price of CAD 0.05 per warrant share. The unsecured convertible debenture will have maturity date of 24 months from its issuance, bears interest at a rate of 15% per annum with capital and interest payable on the maturity date and is convertible at a price of CAD 0.10 per share. The securities issued pursuant to the offering shall be subject to a statutory hold period of four months and one day and completion of the offering remains conditional to the final approval of the TSX Venture Exchange. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: CA$0.005 loss per share. Revenue: CA$91.2k (down 68% from 3Q 2021). Net loss: CA$1.39m (loss widened 59% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Mobi724 Global Solutions Inc. Provides Earnings Guidance for the Year 2023 Mobi724 Global Solutions Inc. provided earnings guidance for the year 2023. The Company's revised business plan aims to achieve a target revenue of $7 million-$10 million in fiscal 2023. Reported Earnings • Sep 02
Second quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.004 loss in 2Q 2021) Second quarter 2022 results: CA$0.005 loss per share (down from CA$0.004 loss in 2Q 2021). Revenue: CA$147.0k (down 6.8% from 2Q 2021). Net loss: CA$1.40m (loss widened 39% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Mobi724 Global Solutions Inc. announced that it has received CAD 0.5 million in funding On August 11, 2022, Mobi724 Global Solutions Inc. closed the transaction. Announcement • Aug 04
Mobi724 Global Solutions Inc. announced that it expects to receive CAD 0.75 million in funding Mobi724 Global Solutions Inc. announced a non-brokered private placement financing maximum of 30,000,000 units of the company at a price of CAD 0.025 per unit for aggregate proceeds of up to CAD 750,000 on August 3, 2022. Each unit is comprised of one common share of the company and one common share purchase warrant of the company. Each whole Warrant entitles the holder thereof to purchase one common share for a period of 5 years after the closing date at a price of CAD 0.05 per warrant share. The securities issued pursuant to the transaction shall be subject to a statutory hold period of four months and one day and completion of the transaction remains conditional to the final approval of the TSX Venture Exchange. Announcement • Jul 23
Mobi724 Global Solutions Inc., Annual General Meeting, Sep 22, 2022 Mobi724 Global Solutions Inc., Annual General Meeting, Sep 22, 2022. Reported Earnings • Jun 01
First quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.004 loss in 1Q 2021) First quarter 2022 results: CA$0.006 loss per share (down from CA$0.004 loss in 1Q 2021). Revenue: CA$128.7k (down 33% from 1Q 2021). Net loss: CA$1.46m (loss widened 51% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • May 31
Mobi724 Global Solutions Inc. to Report Q1, 2022 Results on May 30, 2022 Mobi724 Global Solutions Inc. announced that they will report Q1, 2022 results on May 30, 2022 Reported Earnings • May 03
Full year 2021 earnings released: CA$0.02 loss per share (vs CA$0.016 loss in FY 2020) Full year 2021 results: CA$0.02 loss per share (down from CA$0.016 loss in FY 2020). Revenue: CA$733.5k (down 35% from FY 2020). Net loss: CA$4.96m (loss widened 45% from FY 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Mobi724 Global Solutions Inc. announced that it has received CAD 2.3 million in funding from Investissement Québec On February 16, 2022, Mobi724 Global Solutions Inc. closed the transaction. The company has received CAD 460,000 in its final tranche. The company has raised CAD 2,300,000 in funding till date. Announcement • Jan 15
Mobi724 Launches Its Real-Time Card-Linked Offers Solution in Costa Rica and Panama with Visa Issuer Mobi724 Global Solutions Inc. announced it has launched its first real-time card-linked offers solution with Visa Inc. to customers in the Latam markets of Costa Rica and Panama (the "Real Time Campaigns"). The Real Time Campaigns are made possible given the partnership between Visa and Mobi724, which will make this value-added solution available to Visa clients and cardholders. The Real Time Campaigns consist of messages, offers or reminders that cardholders from select Visa issuers in Panama and Costa Rica will receive after making certain types of transactions. The Real Time Campaigns are expected to generate revenue for the Company in Q1-2022. While these real time card-linked campaigns pertain only to the Costa Rica and Panama markets, the terms of the agreement, could allow Mobi724's solutions to be available to Visa clients and their cardholders in any country where Visa operates. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.003 loss per share (down from CA$0.002 loss in 3Q 2020). Revenue: CA$284.1k (up 73% from 3Q 2020). Net loss: CA$875.3k (loss widened 93% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$157.7k (up 15% from 2Q 2020). Net loss: CA$1.01m (loss widened 61% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Mobi724 Global Solutions Inc. announced that it has received CAD 0.845 million in funding Mobi724 Global Solutions Inc. announced a non-brokered private placement of 16,900,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 845,000 on June 23, 2021. The transaction will involve participation from arm's length investors for 14,600,000 units and an additional 2,300,000 units were acquired by certain officers, directors and members of it's management team. Each unit is comprised of one common share of the company and a three-quarters common share purchase warrant of the company. Each whole warrant entitles the holder thereof to purchase one common share for a period of 3 years after the closing date at a price of CAD 0.06 per warrant share subject to a warrant exercise acceleration, providing that if the volume weighted price of the common shares is equal to or greater than CAD 0.20 for a period of 20 consecutive trading days then the company may anytime thereafter accelerate the expiry date of the warrants to the date that is 30 days following the date on which the company issues notice to all the warrant holders of the new expiry date and also issues a press release on the same date confirming this new expiry date. The securities issued pursuant to the offering are subject to a statutory hold period of four months and one day and
completion of the offering remains conditional to the final approval of the TSX Venture Exchange. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$191.2k (down 69% from 1Q 2020). Net loss: CA$971.6k (loss widened 83% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
Full year 2020 earnings released: CA$0.02 loss per share (vs CA$0.027 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$1.12m (up 5.3% from FY 2019). Net loss: CA$3.43m (loss narrowed 40% from FY 2019). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Mobi724 to Implement Real-Time Loyalty Rewards Processing in Mexico At CorpoGAS Gas Stations & Go Mart Convenience Stores Mobi724 Global Solutions Inc. announces that it has entered into a commercial agreement ("Agreement") with CORPORATIVO MEXICANO DE GASOLINERIAS, S.C ("CorpoGAS)", a company that operates CorpoGAS gas stations & Go Mart convenience stores in Mexico, with an objective to implement real-time loyalty rewards processing for CorpoGAS' existing loyalty program Puntada ("Puntada" or "Program"). This Agreement marks Mobi724's entrance in the high-volume fuel & retail sectors in Mexico, the second economy in Latin America. Under the Agreement, Mobi724 will integrate its card-linked incentives' processing platform with Puntada's operating systems thereby providing CorpoGAS with a real-time communication channel to members of the Program (with currently over 400,000 members) and enabling Puntada's members to redeem their rewards in a real-time and seamless manner. These innovations will facilitate rewards redemption and create an entirely new and personalized consumer experience at the point of purchase, thereby improving the profitability of the existing Program by increasing consumer engagement with the CorpoGAS brand and driving more sales at CorpoGAS gas stations and at Go Mart stores. Announcement • Feb 20
Mobi724 Global Solutions Inc. Announces CFO Changes Mobi724 Global Solutions Inc. announced that effective March 15, 2021 and subject to regulatory and exchange approvals, Mathieu Laurin, CPA, CGA, will assume the role of Chief Financial Officer from Allan Rosenhek, who has been acting as the interim CFO since April 18, 2019 and who will continue to oversee the transition until the Effective Date. Allan Rosenhek, a co-founder, board director, and significant shareholder of Mobi724, was named Interim CFO in April 2019 in order to assist the company until a replacement was found. Allan continued to exercise this role for a longer period than had initially been expected given the unprecedented challenges brought about by COVID-19. Allan will continue his strategic guidance as an active board member with a focus on the M&A activities. Mathieu Laurin has been working in close collaboration with Allan and the rest of the senior management team, the Company's directors, and the audit committee since 2018. Mathieu is a graduate of UQAM, and holds a CPA certification. Announcement • Feb 10
Mobi724 Global Solutions Inc. announced that it has received CAD 1.2805 million in funding from Timelo Investment Management Inc. On February 9, 2021, Mobi724 Global Solutions Inc. (TSXV:MOS) closed the transaction. The company issued 2,610,000 units at the price of CAD 0.05 per unit for proceeds of CAD 130,500 in its final tranche bringing total proceeds to AD 1,280,500. Each Unit is comprised of one common share of the Company and a three-quarters Common Share purchase warrant of the Company. Each warrant entitles the holder thereof to purchase one common share for a period of 3 years after the closing date at a price of CAD 0.06 per warrant share subject to a warrant exercise acceleration providing that if the volume weighted price of the common shares is equal to or greater than CAD 0.20 for a period of 20 consecutive trading days then the company may anytime thereafter accelerate the expiry date of the Warrants to the date that is 30 days following the date on which the company issues notice to all the Warrant holders of the new expiry date. The securities issued pursuant to the offering are subject to a statutory hold period of four months and one day and completion of the offering remains conditional to the final approval of the TSX Venture Exchange. 860,000 units were acquired by an insider which purchase is considered to be a related party transaction. Announcement • Jan 29
Mobi724 Global Solutions Inc. announced that it expects to receive funding from Timelo Investment Management Inc. and other investors Mobi724 Global Solutions Inc. (TSXV:MOS) announced non-brokered private placement of units at a price of CAD 0.05 per unit on January 28, 2021. Each unit consists of one common share and three-quarters share purchase warrant, with each whole warrant is exercisable at CAD 0.06 per share for a period of 3 years after the closing, subject to acceleration providing that if the volume weighted price is equal to or greater than CAD 0.20 for a period of 20 consecutive trading days then the company may anytime thereafter accelerate the expiry date of the warrants to the date that is 30 days following the date on which the company issues notice. The securities issued are subject to a hold period of four months and one day and completion of the transaction remains conditional to the final approval of the TSX Venture Exchange.
On the same date, the company has issued 23,000,000 units for gross proceeds of CAD 1,150,000 in its first tranche. The tranche was led by new investor Timelo Investment Management Inc. for 20,000,000 units and includes participation from certain officers, directors and members of management team for 3,000,000 units. Echelon Wealth Partners, Inc. acted as finder and received CAD 80,000 in cash and issued with 1,600,000 broker warrants as referral fees. The company intends to close a second tranche prior to February 15, 2021. Announcement • Jan 12
Mobi724 Global Solutions Inc. Signs A Market Development Agreement with Pay Human Link S.A. De C.V Mobi724 Global Solutions Inc. announced that it has signed a Market Development Agreement with Pay Human Link S.A. De C.V, with an objective to leverage Pay Human Group's network of clients to intensify Mobi724's market acquisition efforts. Pay Human Group & Mobi724 will jointly target opportunities among Pay Human Group's clients, which include leading global financial institutions and retailers in Mexico, to market Mobi724's solutions, including cash back, as a Pay Human Group's endorsed offering. Reported Earnings • Dec 04
Third quarter 2020 earnings released: CA$0.002 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: CA$164.1k (down 52% from 3Q 2019). Net loss: CA$453.9k (loss narrowed 46% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Mobi724 Global Solutions Inc. to Report Q3, 2020 Results on Nov 30, 2020 Mobi724 Global Solutions Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 30, 2020 Announcement • Nov 19
Mobi724 Global Solutions Inc. Enters into a Strategic Alliance with E-Commerce Marketplace Provider Avenida Inc Mobi724 Global Solutions Inc. announced that on November 11, it signed a Strategic Alliance Agreement (the "Alliance") with Avenida Inc. ("avenida+") to incorporate Mobi724's portfolio of solutions into their rapidly growing white-label marketplace and e-commerce business throughout Latin America, which offers over 100,000 products from more than 4,500 merchants and currently serves B2B clients across the region, including banks. Through this multi-country joint go-to-market effort, avenida+ & Mobi724 (the "Partners") are positioned to expand their market share and enrich their value proposition without extensive capital investments. avenida+'s white-label marketplace platform allows payment card issuers, loyalty program operators, shopping mall associations and other third parties to provide their customers with an infinite variety of products & offers online either from local merchant networks, or from leading global brands. avenida+ provides its clients with a flexible, efficient and fully traceable delivery platform, amalgamating multiple leading logistics enablers, allowing for up to 50% of shipping cost reduction in comparison to industry average. avenida+'s marketplace is integrated to several payment networks, allowing for a rapid scaling-up across Latin America and available either as a SAAS or as an E2E (end-to-end) model including customer service, onboarding of merchants, logistics, etc. The combined product portfolios complement and enhance each other and allow the Partners to deliver a highly competitive and complete engagement & retention solution for payment card issuers, and e-commerce and brick & mortar merchants. The Alliance's market offering includes AI-enhanced personalized cashback offers; points-driven promotions (including an ability to pay with points at any point of sale); travel and entertainment offering through a leading online platform and multichannel real-time communication capabilities. avenida+ and Mobi724 will promote and cross-sell their respective products and, through the integration of their platforms, will develop new data-driven features creating more seamless and personalized rewards options for cardholders, thereby diversifying their joint offering and increasing their competitive advantage. By leveraging mutual strengths and exploiting product, geographic and operational synergies, the Partners are targeting faster market penetration, deeper integrations with clients and incremental revenues. The Alliance is non-exclusive and on a collaborative basis, and avenida+ and Mobi724 retain their marketing, operational and corporate independence. The initial term of the Alliance is two years, which can be extended by mutual agreement. Announcement • Aug 26
Mobi724 Global Solutions Inc. to Report Q2, 2020 Results on Aug 27, 2020 Mobi724 Global Solutions Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 27, 2020 Announcement • Aug 11
Mobi724 Global Solutions Inc. announced that it has received CAD 0.35 million in funding On August 7, 2020, Mobi724 Global Solutions Inc. (TSXV:MOS) closed the transaction. The securities issued pursuant to the transaction are subject to a statutory hold period of four months and one day and its completion remains subject to the final approval of the TSX Venture Exchange. Announcement • Aug 06
Mobi724 Global Solutions Inc. announced that it expects to receive CAD 0.35 million in funding Mobi724 Global Solutions Inc. (TSXV:MOS) announced a private placement of an unsecured convertible debenture for gross proceeds of CAD 350,000 on August 4, 2020. The transaction will include participation from a new wealth management firm . The debenture will bear an interest rate of 10% per annum and will mature in 36 months from the issuance. The debenture is convertible at a price of CAD 0.05 per share during the first year, and CAD 0.10 per share following the first year. The company will also issue 1,000,000 detachable warrants in the transaction. Each warrant will entitle the holder to purchase a common share for a period of 3 years after closing at a price of a CAD 0.075 per share. 