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FatBrain AI, owned by LZG International Inc (LZGI), leads in AI solutions for business. Fiscal 2023 saw robust revenue growth and expansion, serving top companies like Bank of America, IBM, Samsung. The company is working on automating international audit compliance for future filings, with a plan to launch an AI Education Ecosystem. With a 600+ member global team, FatBrain AI transforms learning, narrative reasoning, and cloud tech into easy-to-integrate AI solutions.
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).
FatBrain AI (LZG International, Inc., OTCQB:LZGI) has announced the acquisition of Predictive Black Ltd, a UK-based provider of real-time cash management solutions for SMEs. This acquisition targets the $135B+ open banking market and aims to enhance financial forecasting and insights for small to medium enterprises. The Predictive Black platform offers personalized forecasts and peer intelligence dashboards, promoting improved cash flow management. This strategic move is expected to deliver significant advantages in financial decision-making and accelerate credit delivery for SMEs.
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