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.

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Fobi AI Inc > 43 not 40 little Timmy.

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Comment by filoux004on Nov 02, 2022 2:44pm

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Post# 35067377

RE:43 not 40 little Timmy.

MVS, are you concerned of the sharp decline in revs in the last 3 quarters : 922k, 315k and now 218K. Also are you concerned of adequacy of working capital? Cash on hand was 1.1M exciting June 30th if you add the recent PP of 1.3M that's 2.4M but minus a monthly cash burn of 500k after cost reduction x 5 months it would appear there is little cash on hands. Please correct my math, much appreciated . 5gis mkt cap of 60M seems awfully stretched given little revenue power and an accumulated deficit of 58M! 5hank you

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