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Fobi AI Inc V.FOBI

Alternate Symbol(s):  FOBIF

Fobi AI Inc. is a Canada-based artificial intelligence (AI) and data intelligence company. The Company operates in the technology industry and sells software as a service (SaaS), reselling, referring, and licensing its technology to licensors. The Company enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences. The Company provides solutions, such as data, wallet passes, coupon platform, and marketing services. Its Sunflora is a global health and wellness retailer in the United States. Its wallet pass platforms deliver personalized, digital experiences directly through the mobile wallet. Wallet apps are used to save digital passes like coupons, membership cards, and event tickets as well as means of payment like credit cards. Its marketing services offer copywriting, blog post writing, video production, podcast production, photo editing, and more. It also offers a Qples SaaS coupon management platform.


TSXV:FOBI - Post by User

Comment by gltaisignlongson Mar 05, 2024 10:09am
83 Views
Post# 35915558

RE:RE:Q2 Earnings call transcript

RE:RE:Q2 Earnings call transcriptI see your point and share some of the frustration.

In terms of the PRs about pilots and POCs - we need that additional transparency to inform shareholders on the final status.  At the same time I think that many of these PRs reflect where Fobi was as a company in its development lifecycle at the time when those PRs came out. 

A junior company trying to get the market attention will always release a PR for any pilot/POC or insignificant development that comes up.  They want to show momentum and get the market to buy into their story.  A pilot/POC is just that... it might result in a future deal but 99% of the time nothing will come out of it.  These pilots provided Fobi with a platform to showcase its tech and demonstrate the business feasibility.  As pointed out, they also provided insight into other areas where the tech stack could be used generating potential new verticals.

For any pilot or POC where we do not see an update within a reasonable timeframe, its safe to assume that no deal will come out of it... All those Sobey's, etc are completed and if we are proven wrong then great but there is little value in hopping that we will get anything out of them.

Fobi has moved past the pilot/POC type of deals/PRs.  We are more into commercial implementation of what we have and what we need are solid deals to move this company to the next stage. 
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