November 22, 2024

Mode Mobile: Here's Why Over 29,000 People Have Already Invested*

Mode Mobile was named by Deloitte as the fastest-growing software company last year with 32,481% 3-year revenue growth¹.

They are a disruptor in an industry led by giants and have flipped the smartphone on its head, creating a way for people to earn money through the simple everyday use of their phones.

Since its launch, Mode has over 45 million installs, millions of earners from over 170 countries, and facilitated $325M+ in earnings & savings back to consumers.

And now, you have the opportunity to invest in this rising startup through Mode Mobile's equity crowdfunding raise. But, is buying Mode Mobile stock a good investment? Keep reading to decide for yourself.

Why is the Mode Mobile stock attracting investors?

Mode is a smartphone that pays for itself. This isn't just a new product. It's a new category of device altogether. Mode is poised to revolutionize the $1 trillion smartphone market similar to how Uber & Airbnb turned cars and homes into a reliable income for gig workers.

The Mode Earn app (Mode EarnOS) is a rewards-based app that gives phone users the opportunity to earn supplemental income. Users can earn up to $1,200 per year (sometimes more) for doing everyday activities such as listening to music or playing games on a mobile device.

The company targets budget-conscious consumers looking for a side hustle that is easy to do and doesn't have a lot of upfront costs.

Since its launch in 2019, Mode EarnOS has had over 45 million users sign up to save over $325M!

Can Mode Mobile disrupt the $1 Trillion smartphone market?

The Mode Earn app sits at the intersection of three of the fastest-growing markets: smartphones, digital ads, and mobile apps.

Smartphones are a $484 billion market. Digital ads are a $616 billion market, and mobile apps are a $207 billion market.

According to AppAnnie's State of Mobile 2022 Report, we spend one-third of our waking hours on the phone. This equates to 4 trillion hours spent on smartphones every year.

The market potential is huge. Mode's global total addressable market (TAM) is roughly five billion people. In the United States, Mode's TAM is about 100 million people.

The Mode phone is disrupting the smartphone market similar to how Uber disrupted the taxi industry to dominate the $100 billion ride-sharing market & Airbnb disrupted hotels to dominate the $110 billion short-term rental market.

Why are users flocking to Mode Mobile?

Mode Mobile has three primary products: an app, a smartphone, and an operating system they can license to phone makers. There are tens of ways that users can earn money through their tech, including listening to music, playing games, and even charging their phones.

Users can also complete surveys, track their fitness, read the news, watch videos, and install apps to receive revenue.

Due to inflation, over 2/3 of Americans say they're blowing through savings to cope with rising costs. The increasing cost of living combined with the heightened threat of layoffs has led many to seek side hustle opportunities for extra income. In fact, over 1 billion people participate in the gig economy worldwide, in search of flexible income.

Mode provides an easy way for people to earn extra money by using their smartphones.

How does Mode Mobile make money?

Mode has diversified revenue streams including advertising, subscriptions, direct-to-consumer sales, sales to retailers, and sales/licensing to carriers.

A significant portion of Mode's monetization is through advertising. Ads are shown when users listen to music and on the lock and charge screens of their devices.

Their revenue streams are robust and the company's semi-annual report filed with the SEC shows a 62% increase in revenue and a 91% increase in gross profit for the first half of 2024, compared to the same period in 2023. Additionally, gross margin improved to 72%, up from 61% in the prior period. Net income also saw a 27% improvement year-over-year.

This significant growth was driven by new monetization strategies, including the Mode Earn Club subscription service, which launched in early 2023 and gained significant traction in late 2023 and 1H2024.

Moreover, Mode started recognizing Web3-related revenue via advertising and partnerships, specifically through the EARNM program, which has become a strong source of income. The company also reported better quality advertising revenue at lower costs, contributing to higher gross profit and improved margins.

Mode's accomplishments for advertisers and users

The top ten advertisers on Mode Mobile earn an average of $1.4M per year. Additionally, users love the product. Users have saved and earned over $325 million and left over 2 million 5-star Mode earn app reviews (4.3 average).

Over 45 million users have signed up for Mode's services, and 30% of premium users use it for a year. The high retention and consistent user base have generated over $60M in cumulative revenue for Mode, including the time period where the product was in testing.

In 2019, Mode had $160,000 in revenue. In 2020, it climbed to $4.5 million, and in 2021 it skyrocketed to $22 million. The company continues to see strong revenue growth, with the recent report indicating a promising trajectory for investors.

Is Mode Mobile a good investment?

If you're wondering, "Should I invest in Mode Mobile?", you should ask yourself three questions:

What are the potential roadblocks?
What is the potential growth or upside?
How does this align with my values and/or overall investment strategy?

The most significant potential challenge for Mode Mobile is the dominant presence of iPhone and Samsung Galaxy smartphones. As of 2024, there are approximately 143 million iPhone users in the United States, representing over 50% of the country's smartphone users. In the first quarter of 2024, Samsung sold over 60 million smartphones worldwide, representing over 20% of market share.

However, we also see huge potential for growth. Mode has over 45 million registered beta users across 170+ countries and has helped its users earn up to $1,200 per year by doing everyday phone activities. Users have demonstrated that they are huge fans of Mode Mobile by leaving over 2 million 5-star Google reviews.

Another upside is the team. Mode's team is based across Argentina, Brazil, the United States, Poland, and India. The diverse background of the team strengthens its product and marketing strategies.

Additionally, Mode's co-founders, Dan Novaes and Kiran Panesar, have worked together for over a decade. Combined, they have over 20 years of experience in the mobile phone space.

Lastly, Mode is already backed by seasoned venture capitalists and angel investors who believe in its potential. The company has over 45 million users signed up for its services and has generated over $60M in revenue since 2019.

When it comes to your values and personal investment strategy, we encourage you to research the team and Mode's business approach to see if it aligns with your style.

How to invest in Mode Mobile stock

Until 5:00 PM (ET), you can purchase Mode shares at $0.25/share with a minimum investment of $1,000.

The process of investing is straightforward. Head over to the Mode Mobile investment portal to complete their investment application. The website will guide you through the seamless process of becoming an investor.

The opportunity to invest at their current share price closes today - don't miss it.

Disclaimer: ¹The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

This is a paid advertisement for Mode Mobile's Regulation A Offering. Please read the offering circular at invest.modemobile.com.

*Sponsored by Mode Mobile.

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