RE:RE:Q oneYup. FOBI has over the years accumulated a deficit. In general, most, if not all listed companies at one time or another have an accumlated deficit.
To put FOBI's deficit into perspective, one of my other investments is in Alnylam Pharmaceuticals. Owned it since 2007.
Current Market Cap: ~ $19 billion USD
Accumulated Deficit Since 2004: ~ $7 billion USD
Not Yet Cash Flow Positive: CF+ expected in 2025
Reveneue for 2023: ~$1.2 billion USD and growing.
WebLink to Alnylam Pharmaceuticals:
https://www.alnylam.com (Note: this is not a financial recommendation or endorsement. I am not a professional financial analyst or financial planner or advisor. Do your own Due Diligence and/or seek the advice/help of a professional advisor) FOBI is debt free. Yes, they have an accumulated deficit. But look up any company's security history and you will find accumulated deficits in all of them. Give FOBI time. I am very happy that I gave Alnylam time and I continue to hold Alnylam. I hold FOBI as well.
Hope that this information was helpful and of interest to some.
Cheers and stay informed, jdfm22