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 > Correct me

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Comment by RedGaurderson Nov 07, 2022 10:01am

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Post# 35078663

RE:Correct me

filoux004 wrote: Correct me : they had 1.1M cash existing June 30th add 1.3M PP that's 2.4M their monthly cash burn is north of 500k. Therefore after 5M and no meaningful revenus (218k! Last quarter) they are once again very very low on cash and will require another cash/equity raise (ie more dilution). Please correct my math if 8 am wrong, much appreciated. Glta

no point in being honest about expenses. I will never again invest in a consist cash burn company, smoke n mirrors is all we have left. R. I .p

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