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    MTRX   CA54351R1029

LOOP INSIGHTS INC

(MTRX)
End-of-day quote Bourse de Toronto  -  2022-09-29
0.4850 CAD   +1.04%
09/29Fobi Announces Passcreator Digital Membership Card Deal with Scotch and Soda, a Leading Global Fashion Brand
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09/28Presswire 2022/2023 : Fobi Announces Passcreator Digital Membership Card Deal With Scotch & Soda, A Leading Global Fashion Brand
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09/28Fobi Announces Passcreator Digital Membership Card Deal With Scotch & Soda, A Leading Global Fashion Brand
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Fobi AI Inc. Signs 3 Year Exclusive Data License Agreement with Barnet Technologies

08/10/2022 | 08:00am EDT

Fobi AI Inc. announced the signing of a 3-year exclusive data license with Barnet Technologies enabling access to all point of sale and transactional data from Barnet POS (point of sale) systems. The company will generate revenue by way of selling quarterly and annual data licenses to various industry stakeholders through the FDX - Fobi Data Exchange. Barnet Technologies is one of the leading POS vendors in Western Canada for liquor and other regulated industries, with over 50% market share in BC. The integration with Fobi enables Fobi & Barnet to provide liquor retailers with real-time shopping data, including SKU (product), loyalty and transaction data.

The integration also enables end-to-end measurement and analysis enabling customer acquisition, customer segmentation, retail and brand marketing activation and the holy grail of real-time marketing attribution. In addition, Fobi's real-time insight and analytic forecasting functionality utilize machine learning to help retailers and brand manufacturers with supply and demand chain challenges. Fobi has begun negotiations with numerous brand manufacturers and interested third-party data aggregation companies who are looking for access to real-time store-level data at scale.

Fobi delivers measurement and analysis to brand manufacturers looking for valuable insights such as price trends and visibility into the competitive landscape of key regulated markets, such as liquor retail and cannabis. This type of data is very difficult to generate at scale from the fragmented independent liquor and cannabis retail environment which has hundreds of different POS systems. The agreement will also provide further value over and above the company's previous announcements for the digital liquor loyalty and marketing platform, including Fobi's BevyPass solution. Ultimately, this integration and licensing agreement will provide CPG manufacturers with marketing attribution, campaign analysis, detailed customer segmentation insights, and provide other key data points that will help them improve their overall operational efficiency and profitability.


© S&P Capital IQ 2022
All news about LOOP INSIGHTS INC
09/29Fobi Announces Passcreator Digital Membership Card Deal with Scotch and Soda, a Leading..
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09/28Presswire 2022/2023 : Fobi Announces Passcreator Digital Membership Card Deal With Scotch ..
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09/28Fobi Announces Passcreator Digital Membership Card Deal with Scotch & Soda
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09/20Passcreator by Fobi Launches New Multi-Pass Bundling Capability
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Financials ()
Sales 2021 0,16  - -
Net income 2021 -11,1 M - -
Net cash 2021 7,44 M - -
P/E ratio 2021 -16,4x
Yield 2021 -
Capitalization 73,7 M 53,6 M -
EV / Sales 2020 -
EV / Sales 2021 1 188 401 672x
Nbr of Employees -
Free-Float 79,6%
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Managers and Directors
Robert D. Anson President & Chief Executive Officer
Annie Chan Chief Financial Officer
Jon Haydock Chief Technology Officer
Gavin Lee Chief Operating Officer
Peter Green Independent Director
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