Summary by Moomoo AI
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