Fobi AI Inc V.FOBI

Alternate Symbol(s): FOBIF

Technology Software - Application

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

Fobi AI Inc > Only Stock Not Moving -- Rob updates?? New Shoes??

<< Previous

Bullboard Posts

Next >>

Comment by zabberon Aug 16, 2022 10:31pm

140 Views

Post# 34901116

RE:RE:RE:RE:RE:RE:Only Stock Not Moving -- Rob updates?? New Shoes??

Interesting PB .. So you think they will take on debt if revenues don't pick up? As a shareholder I am concerned about the company's burn rate vs. what they are bringing in. 2.96m cash at end of Mar 2022. 6.71m used in OpEx in the preceeding 9 months = about 2.3m per quarter. Revenues declined last Q, so unless they go parabolic that's enough cash for 1 more quarter. How will they fund operations *if* revenues don't pick up (I'm not saying they won't, but is that what you are relying on)?

<< Previous

Bullboard Posts

Next >>

AI companies to invest in