Fobi Ai Inc Stock Price, News & Analysis

Fobi AI (OTCQB: FOBIF) launched Fobi AI 3.0 on October 6, 2025, an integrated AI-native consulting and implementation framework that unifies advisory, technical architecture, and execution across professional services, licensing, and subscriptions.

Key disclosed metrics: FY2024 revenue $2.92M (+40% YoY) and an AI-enabled operational burn reduction of ~82%, with an expected annualized run-rate of ~$1.3M for 2026. Management targets cash-flow-positive operations in 2026.

Fobi AI (OTCQB:FOBIF) has appointed tech entrepreneur Uddeshya Agrawal as its new Chief Technology Officer. Agrawal, recognized as one of India's youngest cybersecurity talents at age 12, brings extensive experience in Web3, AI, and cybersecurity to the role.

The new CTO has previously worked with Fobi on platform upgrades and has a proven track record of success, including selling a predictive AI analytics firm to a major U.S. telecom corporation and launching multiple Web3 platforms. His appointment aims to integrate Fobi's mobile wallet credentialing and data intelligence capabilities into a secure, AI-powered Web3 ecosystem.

Agrawal succeeds Jon Haydock and brings immediate access to an elite developer network, which is expected to accelerate project scalability and execution of the company's strategic vision.

Fobi AI (OTCQB:FOBIF) announced a significant leadership change with the appointment of board member Jeffrey Hyman as Chief Financial Officer (CFO), effective immediately. The transition comes as the company restructures its finance team following the completion of its German subsidiary sale and amid ongoing audit processes.

CEO Rob Anson highlighted that the company identified necessary changes during this year's audit. To address these needs, Fobi has engaged a third-party accounting firm to assist with the audit and handle daily accounting tasks, implementing new automated systems to improve efficiency while reducing full-time headcount.

FOBI AI Inc. (FOBIF) has announced the sale of its German subsidiary, Fobi AI Germany GmbH, to an arm's length third party purchaser for EUR 1,540,000. The transaction includes a cash purchase price of EUR 1,400,000 and an additional EUR 140,000 for licensing rights. The company will retain a 48-month non-exclusive, worldwide, irrevocable, and sublicensable license to use the "Passcreator Software".

CEO Rob Anson stated this strategic decision aims to strengthen FOBI's financial position without shareholder dilution, while enabling the company to focus on AI and Web3 developments. The transaction requires TSX Venture Exchange approval and is currently subject to a failure-to-file cease trade order from November 1, 2024.

Fobi AI has received a Cease Trade Order from regulatory authorities due to not filing their annual 2024 financial documents. CEO Rob Anson acknowledged the disappointing delay, explaining they didn't proactively file for a Management Cease Trade Order (MCTO) as they were confident in meeting the filing deadline. The company assures shareholders that management and auditors are working to complete the audit efficiently and maintain transparent communication. Updates will be provided as progress is made.

Fobi AI has provided a corporate update highlighting several key initiatives. The company has launched integrated payment processing within its event and ticketing platform, generating revenue through a 2.9% merchant fee and additional service charges. The company is restructuring Qples to optimize operations and align with the emerging 8112 digital coupon standard. Following participation in the Comcast SportsTech program, Fobi has gained new business prospects and investor interest. The company has also expanded its presence in equestrian show parks through the Tbird partnership and completed successful paid pilots in the transportation industry.

Fobi AI has been selected to represent Canadian AI technology at Asia Tech x Singapore (ATxSG) from May 29-31, 2024, at the Singapore EXPO. This selection is part of a delegation organized by the BC Government's Ministry of Jobs, Economic Development, and Innovation. ATxSG is Asia’s flagship tech event, showcasing the convergence of global tech leaders and innovations. Fobi's participation aims to raise awareness of Canadian tech in the APAC region, identify industry pain points, and connect with key industry players. The event presents opportunities for Fobi to enhance its market presence, attract new customers and investors, and forge strategic partnerships globally. Fobi CEO Rob Anson emphasizes the honor of representing Canada's advancements in technology and the potential for growth in the dynamic tech ecosystem of Asia.

Fobi AI has launched a new integrated event registration and digital ticketing platform, aiming to enhance user experience and expand revenue opportunities. The platform consolidates event registration, ticket purchases, memberships, and credentials into a single, streamlined interface accessible through Apple or Google wallets. This eliminates the need for physical tickets, reducing paper waste and enhancing security and convenience. A key feature is pass bundling, which allows bundling of event tickets with additional offerings like merchandise and food, providing a more enjoyable experience and new revenue streams.

CEO Rob Anson emphasized the company's commitment to driving new revenue streams and enhancing shareholder value through innovative technology. The new platform is designed to address client needs and set new standards in the event industry.

Fobi AI Inc. partners with Verifiction to enhance data verification and cyber security protection, aiming to revolutionize data verification and authentication in the digital landscape. The partnership will provide innovative solutions to verify the authenticity and ownership of digital assets, safeguarding against data manipulation, forgery, and unauthorized use.