Added to YB: 2024-06-04
Pitch date: 2024-06-02
FOBI.V [neutral]
Fobi AI Inc.
-60%
current return
Author Info
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Company Info
Fobi AI Inc., together with its subsidiaries, operates as a data intelligence technology company that delivers contactless solutions and data intelligence for sports and entertainment, telecom, financial services, hospitality, and retail industries in North America and Europe.
Market Cap
CAD 8.8M
Pitch Price
CAD 0.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.29
P/E
-5.17
EV/Sales
10.45
Sector
Software
Category
turnaround
FOBI $FOBI.V (0/5)
FOBI.V: Despite raising $4.5M, cash flow remains a concern with $3.93M burn YTD (up $1M YoY), only 2-3 months runway left. Revenues -45% YoY to $688K in Q3. 50% share dilution since FY22. CEO sold $2.4M more than bought. Comcast deal closed $4.5M raise but 30/40 past accelerator entrants saw commercial deals. Needs cash soon. Zero stars.
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