MiMedia Provides Business Update Heading into Calendar Year-End

Executive Summary

• All MiMedia partners are now shipping or preparing to ship devices for the end of 2025, a first‑time occurrence for the company.
• U.S. mobile advertising CPM rates have consistently exceeded $20, more than double management’s prior projections, indicating strong revenue potential.
• Management expects continued partner device shipments and higher revenue in 2026, citing improved supply‑chain resilience and expanded partner base.

Key Details

• Partner Shipments: Every MiMedia partner is either actively shipping devices or has them ready for shipment by year‑end, creating a significant influx of potential revenue.
• Revenue Streams Ready: Both core revenue streams—mobile advertising and storage subscriptions—are fully operational and generating income.
• Advertising CPM Performance: U.S. CPM rates have stayed above USD $20, the highest level recorded by MiMedia and over 2× management’s earlier forecasts.
• Supply‑Chain Adaptation: In Q1 2025, higher tariffs disrupted OEM shipments; partners shifted production from China to Vietnam and the Philippines within months, reducing future tariff risk.
• Future Outlook: Management projects a “solid rebound” in 2026 with expectations of higher revenue and cash flow as additional partners join the device funnel and existing partners scale production.
• Upcoming Announcements: Specific partner device details will be disclosed in the coming weeks, aimed at converting shipments into engaged users for the platform.

Notable Quotes

“Now in Q4, our partners have multiple production centers firing, insulating their device production from further tariff disruption while adding scalability.” – Chris Giordano, CEO

“We look forward to these device shipments turning into engaged users in our revenue funnel which will then propel the Company forward to key revenue and cash flow thresholds in 2026.” – Chris Giordano, CEO