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LZG International Inc., doing business as FatBrain AI, reports developments tied to its OTC-traded AI-driven SaaS business. Company updates describe AI solutions, advanced data services, peer intelligence, hierarchical AI, private data models, and subscription deployments for enterprises, small and medium-sized businesses, government institutions, and sector-specific customers.
Recurring news themes include operational results, customer and distribution activity, product and intellectual property updates, audit and financial reporting controls, international compliance systems, partnerships, strategic direction, and shareholder governance matters such as board elections and preservation of corporate assets and electronic data systems.
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On April 26, 2023, FatBrain AI (OTC-PINK:LZGI) released a shareholder update highlighting significant financial performance. The company reported over $9.55M in revenue for the December 2022 to February 2023 cycle and projected $22.88M for March 2023. Their trailing twelve months (TTM) revenue is projected at $44.01M, reflecting a 130% quarter-over-quarter growth. FatBrain AI is not currently pursuing acquisitions but is monitoring a $587M pipeline for potential opportunities. The update also emphasizes the expansion of their distribution relationships and the market potential of AI solutions, with forecasts indicating a possible $15.7 trillion increase in global GDP driven by AI by 2030.
FatBrain AI (LZG International, OTCQB:LZGI) announced a significant shareholder update from CEO Peter B. Ritz on January 23, 2023. The company reported a remarkable 184% quarterly revenue increase, totaling over $6.9M from September to November 2022, with gross margins of 81%. In December 2022, monthly revenue surpassed $6M. FatBrain AI is focused on integrating its acquisitions, streamlining operations, and tracking a $281M acquisition pipeline. The AI Solutions market is projected to grow from $119.78B in 2022 to $1,597.1B by 2030. The company aims to lead this market by enhancing innovation and AI solutions for small and medium enterprises (SMEs).