Last $1.20 USD
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As of 11:48 AM 12/11/14 All times are local (Market data is delayed by at least 15 minutes).

mobilesmith inc (MOST) Snapshot

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52 Week High
07/2/14 - $2.00
52 Week Low
12/10/14 - $0.51
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mobilesmith inc (MOST) Details

MobileSmith, Inc. develops and markets software products and services to the users of mobile devices. It offers software-as-a-service platform that allows non-programmers to design and build native mobile applications for smartphones and tablets. The company’s flagship product MobileSmith Platform, a mobile app development platform that enables organizations to rapidly create, deploy, and manage smartphones and tablet apps deliverable across iOS and Android mobile platforms. It also provides custom mobile application design and development, mobile application marketing, and mobile strategy implementation consulting services. The company’s target markets include healthcare, government, and large enterprise clients The company was formerly known as Smart Online, Inc. and changed its name to MobileSmith, Inc. in July 2013. MobileSmith, Inc. was founded in 1993 and is based in Raleigh, North Carolina.

28 Employees
Last Reported Date: 03/27/14
Founded in 1993

mobilesmith inc (MOST) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $119.8K
Chief Operating Officer
Total Annual Compensation: $146.4K
Strategic Advisor and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

mobilesmith inc (MOST) Key Developments

MobileSmith Releases Freeman Everywhere Hospital Mobile App

MobileSmith announced the release of Freeman Everywhere hospital mobile app, created and published by its customer Freeman Health System using the MobileSmith mobile app development platform. Freeman is a 485-bed, three-hospital system providing comprehensive healthcare and behavioral health services to more than 450,000 patients across Missouri, Arkansas, Oklahoma, and Kansas. To engage patients on their mobile devices, Freeman decided to create a native mobile app for iOS and Android smartphones, packed with useful features such as physician directory and streaming ER and Urgent Care wait times. Its capabilities include: Quick code-free native app prototyping and over-the-air testing and delivery; Dedicated, role-based CMS access for easy app management; Native and HTML5 platform extensions, proximity beacons, and other cutting edge app blocks.

MobileSmith, Inc. Enters into Loan and Security Agreement with Comerica Bank

On June 9, 2014, MobileSmith, Inc. entered into a Loan and Security Agreement with Comerica Bank (Comerica) under which the company may borrow up to $5,000,000. The LSA has the following terms: a maturity date of June 9, 2016; a variable interest rate at prime plus 0.6% (3.85% on the date of execution) payable quarterly; secured by substantially all of the assets of the company, including the company's intellectual property; secured by an extended irrevocable standby letter of credit (SBLC) issued by UBS AG (Geneva, Switzerland) (UBS AG) with an initial term expiring on May 31, 2015, which term shall be automatically renewed for one year periods, unless notice of non-renewal is given by UBS AG at least 45 days prior to the then current expiration date; and acceleration of payment of all amounts due thereunder upon the occurrence and continuation of certain events of default, including but not limited to, failure by the company to perform its obligations and observe the covenants made by it under the LSA and insolvency of the company. The proceeds of the LSA were used to repay the $5,000,000 IDB Credit Facility.

MobileSmith, Inc. Appoints Bob Dieterle to Serve as Chief Operating Officer and Senior Vice President

On May 13, 2014, the board of directors of MobileSmith, Inc. appointed Mr. Bob Dieterle to serve as the company’s Chief Operating Officer and Senior Vice President. Bob Dieterle has served as the company's Senior Vice President and General Manager since February 2010.


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Price/Sales 35.4x
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