Added to YB: 2024-06-04
Pitch date: 2024-06-02
FOBI.V [bearish]
Fobi AI Inc.
+46.67%
current return
Author Info
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Company Info
Fobi AI Inc., together with its subsidiaries, operates as a technology and data intelligence company in North America and Europe.
Market Cap
N/A
Pitch Price
CAD 0.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
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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