Fobi AI Inc V.FOBI

Q2 Earnings call transcript

[gltaisignlongs]

"...There's a lot of positivity around the story, around the company and around the position for a company to be at the state of where we're at from a scale perspective. I can assure you through all of the investor meetings that I had and presentations that I went through over the last several weeks, the fact of the level of scale globally which we have with the total monies raised previously prior to this raise here of under $20 million is if people loose I found that hard to believe. As I said, we've done a tremendous job of executing on scale. The organic revenue growth from transactions and verifications and of course, third party monetization, through data intelligence and whatnot, these are our organic plugins now that come as a result of scale. The distribution, channel of revenue, as well of course, media from an ad tech play, this is where, to me, there's a lot of the interest and a lot of the excitement is around that. It's not easy to scale a company to global perspective and footprint...we're not servicing any debt, that was the other sort of anomaly that people found and interestingly that is a huge reason why we're still here.

...
which industry would there be a substantial opportunity to increase Fobi’s portfolio in the future?
...sports and entertainment, healthcare and airports. I look at the insurance is right up there too...

https://ca.investing.com/news/stock-market-news/earnings-call-fobi-ai-reports-strong-q2-2024-with-revenue-up-56-93CH-3287940

Youtube video of conference call

[grammarsoldier]

The problem, as I see it, is Rob and Fobi are their own worst enemy. Investors have grown tired, weary and frustrated with the lack of growth. The press releases each paint a picture that Fobi is going to explode and the good times are going to start flowing. When we don't see that happening the general population becomes deflated. I've said it many times before, Fobi's PR's need

[gltaisignlongs]

I 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

[tinkvid]

Well said! The amount of news Releases that Fobi kept on putting out in the past, Weekly almost, the market became immunue to it and lost the buzz. It is time to change the trend and with the continued buying strength I continue to see, we have already started the trend reversal, which is up. Buying is still strong

[steamerlane]

"The problem, as I see it, is Rob and Fobi are their own worst enemy" Exactly. I came to the same conclusion months ago. I don't think Rob will admit this. He did say if the board asked him to step aside, he would. Why does he need the board to come to the conclusion there is the need for this? The frustration of investors increases more and more because now Rob had said, FOBI