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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 that provides businesses with real-time applications to digitally transform and future-proof their organizations. The Company enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale. It operates in the technology industry and earns revenues from directly selling software-as-a-service (SaaS), reselling, referring, and licensing its technology to licensors. It offers Wallet passes, which are digital representations of physical cards or documents that are stored in mobile wallet apps and simplify the user experience by providing smartphone access to membership cards, coupons, tickets, and more. It enables businesses to action, leverage, and monetize real-time data across online and offline platforms.


TSXV:FOBI - Post by User

Bullboard Posts
Comment by jethro549on Aug 16, 2020 12:32pm
156 Views
Post# 31414616

RE:Revenues?

RE:Revenues?
They have been active and commercialized for about 2 months total. Since the pandemic cut many projects short. So revenue is difficult to predict. But if you look at the news releases the CTO David Salisbury gave predictive revenue stream estimates of 7000 to 10000 dollars annually per physical location. Considering each location can have several POS systems and the redemption metrics apply to all along with SaaS revenue, onboarding etc along with hardware royalty and license revenue. The estimated profit margin is 40 to 70%. which is pretty standard for software as a service and hardware developers. You can estimate based off that. 10000 locations . 70 000 000 to 100 000 000 revenue per year. 20000 locations 140M to 200M etc... We have to get there first. Q2 will be better than Q 1 that I am sure. But big dollars don't happen over night.
Bullboard Posts