Forum Mobile(OTC) FRMB

Forum Mobile, Inc. is a telecommunications services company that specializes in enabling mobile virtual networks. Founded in 1999 and headquartered in New York, the company provides solutions for mobile network operators and virtual network operators, enhancing their service offerings and customer engagement.

Products and Services

• Solutions for mobile virtual network establishment and operation
• Distribution channels for mobile devices
• Packages for long-distance calls

Growth Outlook

• Recent revenue of $5.79 million indicates potential for growth
• Operating income of $7.91 million showcases operational efficiency
• Strong gross profit margin of 19.9% suggests effective cost management

Financial Highlights

• Trailing twelve months (TTM) revenue of $7.41 million reflects upward trend
• Net income margin of -26.5% indicates room for improvement
• Current ratio of 0.67 suggests manageable short-term liabilities

Forum Mobile, Inc. operates in a niche market, providing essential services to mobile network operators. The company's recent financial performance shows a revenue of $5.79 million for the latest quarter, with a TTM revenue of $7.41 million, indicating a positive trajectory. The operating income of $7.91 million highlights the company's ability to manage its operations effectively, despite a net income margin of -26.5%, which points to areas needing attention. The current ratio of 0.67 suggests that the company is capable of meeting its short-term obligations, which is a positive sign for potential investors. Overall, Forum Mobile, Inc. presents an intriguing opportunity within the telecommunications sector, with a focus on growth and operational efficiency.