Aug. 20 at 2:08 PM
$OBAI OBAI – just the facts, no cheerleading.
My family uses the app. We have two subscriptions after extensive testing of the product – location services, agent response times, the lot. Agents still pick up in a couple of seconds. Peace of mind for my wife and daughter is real. That’s not a pitch. That’s why I own it.
The stock is another story. I’m down pretty hard. Hard cap from here unless this thing goes stupid cheap – 15 to 20 cents – then I might add a little. I can afford the risk. It’s a dent, not the house.
Q2: revenue a bit lighter than last year. The
$3M recurring deal didn’t land. ARR still ~
$10M. They cut costs. Cash ~
$5.2M.
CEO said they’re spending about half a million on GSX. Atlanta, Sept 14–16, Georgia World Congress Center. Bond + Amazon are co-sponsoring a next-gen / women in security event. That’s a booth and a logo, not Amazon buying the company.
Jerusalem signed for 10,000 city workers. Another city bought for ~270k residents.
This morning they announced a Southeast brokerage covering all its agents in Florida and Georgia. New vertical. No dollar figure, no name. They almost never name clients. That’s the frustrating part.
They’re also moving service options forward in South Africa. I got this last week from a Command Center supervisor:
“RE: Follow-up on Bond app access and features for South Africa. Hi, I hope you are well, we are moving forward with our service options in South Africa.”
Product keeps expanding. Enterprise and cities still buy slow. You don’t get a viral hockey stick from HR and mayors.
Nasdaq already flagged them: under
$1, plus the market-value tests. Clock runs to Jan 11, 2027.
$1 for 10 days is the bid-price fix. Reverse split is the mechanical option if the tape doesn’t do it. CEO said in May he’d buy in the open market. No Form 4 buy that I’ve seen. He did renew a
$3M credit line to the company.
He’s built and sold before. I still give him the benefit of the doubt. Time will tell.
This is a speculation. Service can be excellent and the stock can stay ugly for a long time. Both can be true.
I live and die by this: buy when everyone is selling and sell when everyone is buying. It hardly ever lets me down.
Not financial advice. Do your own homework. I’m just here for the ride.