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New Integrated Digital Platform Aims To Revolutionize Ticketing Industry

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Fobi AI Inc. has introduced a new integrated event registration and digital ticketing platform, designed to change event registration. Read on to learn how it will effect the future of the industry.

Fobi AI Inc. (FOBI:TSX) has introduced a new integrated event registration and digital ticketing platform, designed to expand revenue opportunities and enhance user experiences by integrating ticket purchase transaction fees into its Software-as-a-Service (SaaS) model.

This platform consolidates event registration, ticket purchases, memberships, and credentials into a unified web or mobile interface, providing a streamlined, paperless, and secure method for managing event-related needs directly from Apple or Google wallets.

Additionally, Fobi has integrated a pass bundling feature, allowing the bundling of event tickets with additional purchases such as merchandise and food, enhancing convenience and potentially increasing revenue through bundled sale.

AI and SaaS

According to Grand View Research, the global AI market is undergoing significant expansion and is projected to grow to US$1.81 trillion by 2030 from US$196.63 billion in 2023, reflecting a compound annual growth rate (CAGR) of 38.1%.

In 2022, the market's value increased by US$60 billion, driven by greater accessibility to historical data sets, which is accelerating innovation in AI.

Furthermore, the global mobile wallet market is also set for rapid growth, with Precedence Research predicting a CAGR of 27.2% through 2033. This growth is primarily fueled by the increasing adoption of contactless payments, with the market expected to reach US$88.36 billion, up from US$8 billion last year.


Fobi AI Inc. has introduced several catalysts with its new integrated event registration and digital ticketing platform, promising to drive new revenue streams and enhance user experiences.

According to Rob Anson, CEO of Fobi AI, "This product release is a testament to Fobi AI's dedication to addressing client needs and enhancing user experiences through innovative technology." He emphasized the platform's role in "enhancing shareholder value by driving new revenue streams," highlighting the integration of ticket purchase transaction fees into Fobi's SaaS model.

The platform addresses the pain points of event organization by providing a unified solution for event registration, ticketing purchases, memberships, and credentials, all accessible via a streamlined web or mobile interface. This integration facilitates a smoother, hassle-free experience for attendees, who can manage all event-related needs from a secure and convenient location, eliminating the need for physical tickets and reducing paper waste.

Additionally, the new feature of pass bundling allows attendees to combine their event tickets with other purchases, such as merchandise, food, and beverages, potentially increasing overall sales.

This feature "unlocks new opportunities for generating additional revenue for Fobi AI," as it simplifies the consumer experience while promoting further sales within the same platform. Anson's comments underscore the platform's potential to redefine the event registration and ticketing landscape, making every event more seamless and efficient while setting new standards in the event industry.

Expert Analysis 

streetwise book logoStreetwise Ownership Overview*

Fobi AI Inc. (FOBI:TSX)

*Share Structure as of 5/16/2024

Techincal Analyst Clive Maund wrote about Fobi's long-term potential in April, pointing out, "On the 6-month chart we see that there is a clear line of support at 7 cents which is a reason that the stock was recommended back in February after which it made a substantial if fleeting gain when it rose briefly to touch 12 cents, since which time it has dropped back to arrive at 7 cents again. 

Maund went on to say, "Whilst we cannot entirely rule out that it won't breach this support, which could be a false break lower given the positive outlook for the company, there is thought to be a high probability that it is making a Double Bottom with the January – February lows here, in which case we are at an excellent entry point (again) now."

Ownership and Share Structure

According to the company, about 20% is held by insiders, including the CEO Anson, who has 4.35% personally and 15.45% through Fobisuite Technologies Inc. The rest is with retail.

Fobi's market cap is CA$15.42 million, and its 52-week trading range is CA$0.07−0.45 per share.

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Important Disclosures:

  1. Fobi AI Inc. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Fobi AI Inc.
  3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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Contributing Author Disclosures

Author Certification and Compensation: [Clive Maund of] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts’ Diploma in 1989.  The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed. Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.

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