Mobiquity Technologies, a location data intelligence company, reported a net loss of $6,533,117 for the year ended December 31, 2023, an improvement from the previous year's net loss of $8,062,328. The basic and diluted loss per share decreased to $3.18 from $14.85 year-on-year. The company's cash flows from operating activities resulted in a net cash used of $4,395,868 in 2023, compared to $6,187,383 in 2022. Mobiquity Technologies also reported a net cash used in investing activities of $2,157,930, primarily due to payments for software development costs. Financing activities provided net cash of $528,272, with the company ending the year with cash of $220,854. The company's stockholders' equity stood at $2,208,328, with an accumulated deficit of $217,040,339. Mobiquity Technologies continues to focus on its next-generation location data intelligence services, offering...Show More

Mobiquity Technologies, a location data intelligence company, reported a net loss of $6,533,117 for the year ended December 31, 2023, an improvement from the previous year's net loss of $8,062,328. The basic and diluted loss per share decreased to $3.18 from $14.85 year-on-year. The company's cash flows from operating activities resulted in a net cash used of $4,395,868 in 2023, compared to $6,187,383 in 2022. Mobiquity Technologies also reported a net cash used in investing activities of $2,157,930, primarily due to payments for software development costs. Financing activities provided net cash of $528,272, with the company ending the year with cash of $220,854. The company's stockholders' equity stood at $2,208,328, with an accumulated deficit of $217,040,339. Mobiquity Technologies continues to focus on its next-generation location data intelligence services, offering insights on consumer behavior for marketing and research. The company is exploring new revenue streams from data collection and analysis, including advertising, data licensing, and custom research. Mobiquity is also developing its advertising technology operating system (ATOS), which utilizes AI and machine learning for ad serving. Looking ahead, the company plans to implement new revenue streams and seek equity and/or debt financing to meet its financial obligations. The company's future success is contingent upon its ability to generate sufficient revenues and manage liquidity risk.