Mode Mobile Investor Update - August 2024 🔥

Open for a look into what's been happening at Mode Mobile... ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­

Hi Deiro David,  As we enter the final quarter of 2024, I'm incredibly proud of the progress we've made—from rapid revenue growth and new consumer products to the early success of our Reg A campaign. Mode Mobile is setting the stage for a record finish to the year. Recent Highlights: 60% revenue growth from Jan-Aug 2024 compared to same period last year $8.2M revenue for Jan-Aug 2024 Double-digit gross margins improvement, from 63% to 74% YoY EBITDA losses reduced by 32% YoY, putting us on a strong path to profitability $8M+ in subscriptions to our Reg A+ Finance & Business Performance: We hit a major milestone with $8.2M in revenue year-to-date in 2024, reflecting impressive 60% growth year-over-year. One of the key drivers? Our expansion into Web3, which now accounts for over 15% of our total revenue. Our strategy of tapping into new digital frontiers globally is paying off.   On the efficiency front, we're seeing even more wins. Gross margins have surged from 63% to 74% this year, while we've cut EBITDA losses by 32% YoY. These operational gains are putting us on a faster track toward profitability, and we're confident the coming quarters will bring us even closer to that goal. Product Growth: NUX & UI/UX Improvements In Q3, we prioritized boosting retention through targeted improvements to the new user experience (NUX) and overall UI/UX. Key updates included streamlining navigation, removing outdated features, increasing earning rates, and resolving high-frequency bugs. These changes have doubled our Day 1 to Day 7 retention, providing a strong foundation to scale up user acquisition efforts in Q4.    Product Quality Our focus on app stability is also paying off—our crash rate is at an all-time low. Combined with other performance enhancements, we've reduced user-reported bugs by 50%, contributing to higher retention and overall user satisfaction. Our Earn App rating recently surpassed 4.5 stars overall with over 3,100,000 reviews!    Engineering Costs Our engineering team also delivered a significant win this quarter by cutting cloud expenses by more than 21%, translating to $100K+ in annual savings!   Mode Earn Club (Subscription) A recent user survey of Mode Earn Club subscribers showed encouraging results—78% of users reported being "satisfied" or "very satisfied" with their membership. Users cited increased earning potential as a major highlight. Some reported dissatisfaction did stem from product quality concerns, we're actively addressing these as part of our ongoing strategy to drive higher retention and satisfaction. We'll leverage this feedback as we refine the program heading into Q4 and 2025.   Web3 Rewards, Our Partnership with EARN'M Ecosystem:  We're happy to announce that we have resolved a major pain point for users interacting with Web3 Mystery Boxes in the Mode Earn App. Users previously had to leave the app to see what rewards they unlocked. That friction has been eliminated, and the results are already showing: 48% increase in user engagement with Mystery Boxes 29% boost in NPS for the feature, surpassing our Q3 user satisfaction goals   Happy users have even begun revising previous reviews on Google Play to 5-star ratings: Events:  This month, I attended and presented at TOKEN 2049 in Singapore, the top global crypto event that brings together Web3's biggest leaders, investors, and innovators. The event offered invaluable networking opportunities and fresh insights into the latest trends shaping the Web3 world—perfect timing as we work to expand Mode Mobile's footprint in this fast-evolving market. We're tapping into new revenue streams, growing our user base, and building strong connections with potential advertisers to fuel our next phase of growth.

Fundraising: In just a little over a month of our Reg A offering, we've already had over $8,011,263 in subscriptions. This momentum proves the excitement around Mode's vision and shows that our message is resonating with investors and the world. The Reg A offering allows anyone—not just accredited investors—to join us in transforming the smartphone landscape. This inclusive approach allows us to welcome a wide range of backers who, like you, believe in our mission. Every new investor who joins also becomes part of the Mode Investor Club, where we're building a community that shares our belief in financial empowerment through smartphones.  Mode Investor Club: A big thank you to those who signed up for the Mode Investor Club! If you missed your invitation, don't worry — you can still join us here. The MIC continues to grow, and we're excited to build deeper connections with our valued shareholders.  Special Offer: Don't forget, anyone who attends our investor webinars featuring top founders in the industry gets an EXTRA 20% BONUS on their next investment in Mode. This is just one of the many perks we offer those engaged in our events. We're also excited to announce several new features coming to the Mode Investor Club portal: Real-time bonus calculations for your investments An Investor Update Repository to track company performance and key milestones A comprehensive Data Room to provide enhanced transparency Keep an eye out for more exclusive events designed to keep you connected and informed as we continue scaling.  What's Coming Next: As we head into the final stretch of 2024, we remain laser-focused on hitting key milestones, driving profitability, and continuing to transform smartphones into powerful income-generating tools for users around the world. Stay tuned for more updates as we push toward an impactful Q4 and look ahead to our biggest year yet in 2025. As always, don't hesitate to reach out with any questions or thoughts.  Thank you for your trust and support! Best regards, Dan Novaes Mode Mobile CEO     P.S. As a reminder, half of Americans can't cover a $1,000 emergency expense, globally the stats are even worse! We're on a mission to transform 7 billion smartphones into EarnPhones, empowering people worldwide to achieve financial stability using the devices they already own. As a valued part of our journey, you have exclusive access to a 20% webinar bonus using this link. P.P.S. If our mission resonates with you, we have a favor to ask: Please share this opportunity with friends, family, or colleagues who might share in our vision. Additionally, if you know someone who could amplify our impact—be it potential partners, investors, or influencers—we'd greatly appreciate an introduction by responding to this email today. Together, we can make a real difference and bring financial empowerment to millions. ❤️ Email Us Can't see this email? Open in your browser.   *Past performance described is both for periods that have not closed, and the offering that is still open. Any past performance is not indicative of future performance.   Mode Mobile is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained here.   No longer want to receive these emails? Unsubscribe