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    Mark Patterson

    Research Analyst at private investor

    Mark Patterson, PhD, is an accomplished investment professional with over 15 years of experience on Wall Street, including a background as an analyst at Goldman Sachs and expertise in both public and private investments. Throughout his career, Patterson has contributed to capital raising, business optimization, and investment strategies, although specific performance metrics and company coverage are not publicly available. He has held significant roles in advisory and executive positions, currently serving with Proteus Ocean Group, and is recognized for his deep insights into business development and financial optimization. Patterson holds a PhD and brings a rigorous analytical approach rooted in advanced academic and financial credentials.

    Mark Patterson's questions to MOBIVITY HOLDINGS (MFON) leadership

    Mark Patterson's questions to MOBIVITY HOLDINGS (MFON) leadership • Q3 2024

    Question

    Inquired about the financial details of the SMS business divestiture, including the cash received and its allocation, and asked for clarification on the timeline to achieve profitability and positive cash flow.

    Answer

    The company received about $300,000 in cash at closing for the SMS business, with a two-year earnout based on performance. The use of cash is still being evaluated to balance growth and capital structure. Profitability is anticipated in the first half of 2025, aided significantly by the shedding of expenses and legacy technology from the divested SMS business, which has reduced costs and made the company more lean.

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