Q: I am interested in your opinion of FOBI and their prospects. Could you also comment on the number of Short positions ?
5i Research Answer:
FOBI shows 28,900 shares short, or 0.02%. At $46M market cap, it is very small, and has minimal revenue ($2M). It has little cash, losses and negative cash flow (-$7M in the last year). More capital is going to be needed here. It has signed some good recent contracts, guidance was good, and the CEO has bought $1.5M in stock this year. Consider it has an AI angle, we would have expected better performance from the stock (down 41% in a year). But we need to see more revenue and better cash flow to get more interested here.