Forum Mobile, Inc. (FRMB) Stock Price & Analysis
Educational signal · not a buy or sell recommendation · How to read this
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerForum Mobile, Inc. (FRMB) trades at $0.0001. Forum Mobile, Inc. provides mobile virtual network enabling solutions to mobile network operators. The company offers tools for business development, customer retention, and loyalty incentives. Sector: Communication services.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for FRMB: FRMB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
No score published: we hold no usable price for this ticker, and a grade beside a missing price says nothing.
Forum Mobile, Inc. (FRMB) Media & Communications Profile
Forum Mobile, Inc. delivers mobile virtual network enabling solutions, providing mobile network operators with tools for acquiring virtual network capabilities. The company focuses on business development, customer retention, and loyalty incentives within the telecommunications services sector, operating in a competitive landscape of established and emerging players.
What Is the Investment Thesis for FRMB?
Investing in Forum Mobile, Inc. presents a speculative opportunity given its position in the mobile virtual network enabling solutions market. The company's focus on providing tools for business development, customer retention, and loyalty incentives could drive growth if executed effectively. However, the company's negative profit margin of -26.5% and OTC listing introduce significant risk. Potential investors should closely monitor the company's ability to improve profitability and navigate the challenges associated with operating on the OTC market. Successful execution of growth strategies and improved financial performance are critical for realizing any potential value.
Based on FMP financials and quantitative analysis
FRMB Key Highlights
Forum Mobile, Inc. operates in the mobile virtual network enabling (MVNE) solutions market, providing services to mobile network operators.
- The company's gross margin stands at 19.9%, indicating a potential for profitability improvement.
- Forum Mobile offers tools for business development, customer retention, and loyalty incentives to its clients.
- The company's market capitalization is $0.00B, reflecting its small size and potential volatility.
- Forum Mobile's beta is -1.71, suggesting an inverse correlation with the overall market, but may also reflect limited trading activity.
Who Are FRMB's Competitors?
FRMB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| PCLA PicoCELA Inc. | $6.74 | +0.90% | $6.18M | — |
| IQST iQSTEL Inc. | $1.03 | -1.90% | $9.92M | 34 5-pillar |
| FNGR FingerMotion, Inc. | $0.25 | +41.15% | $15.2M | — |
| CABO Cable One, Inc. | $12.21 | +17.86% | $69.3M | 33 5-pillar |
| GLIBA GCI Liberty, Inc. | $23.16 | -1.32% | $84.6M | 30 5-pillar |
| RDCM RADCOM Ltd. | $10.29 | +1.28% | $172M | 48 5-pillar |
| CXDO Crexendo, Inc. | $5.92 | -0.17% | $192M | 62 5-pillar |
| GOGO Gogo Inc. | $2.11 | -2.76% | $285M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FRMB's Key Strengths?
Specialized expertise in MVNE solutions.
- Established relationships with MNOs and MVNOs.
- Proprietary tools for business development and customer retention.
What Are FRMB's Weaknesses?
Negative profit margin.
- Small market capitalization.
- OTC listing increases risk.
What Are the Key Risks for FRMB?
Financial-distress signal — its Altman Z-Score of -6.26 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Intense competition in the telecommunications industry impacting market share and profitability.
- Rapid technological advancements potentially rendering existing solutions obsolete.
- Evolving regulatory landscape impacting business operations and compliance costs.
- Economic downturns impacting demand for MVNE solutions and customer spending.
- Negative profit margin impacting financial stability and growth prospects.
What Are FRMB's Competitive Advantages?
- Specialized Expertise: Forum Mobile possesses specialized expertise in providing MVNE solutions, which can be difficult for new entrants to replicate.
- Established Relationships: The company has established relationships with MNOs and MVNOs, providing a competitive advantage.
- Proprietary Tools: Forum Mobile offers proprietary tools for business development, customer retention, and loyalty incentives, differentiating it from competitors.
What Does FRMB Do?
Founded in 1999 and based in New York City, Forum Mobile, Inc., formerly known as Quantum Telecom, Inc., changed its name in October 2012. The company specializes in providing mobile virtual network enabling (MVNE) solutions. These solutions empower mobile network operators (MNOs) to acquire virtual network capabilities without the extensive infrastructure investments typically required. Forum Mobile offers a suite of services, including long-distance air packages and mobile device distribution, specifically tailored for mobile virtual network operators (MVNOs). Furthermore, the company provides essential tools for business development, customer retention strategies, and loyalty incentives, enabling MVNOs to compete effectively in the telecommunications market. Forum Mobile's services aim to streamline MVNO operations, enhance customer engagement, and drive revenue growth for its clients. The company operates within the broader telecommunications services industry, focusing on niche solutions for MVNOs.
What Products and Services Does FRMB Offer?
- Provides mobile virtual network enabling (MVNE) solutions.
- Offers solutions to mobile network operators (MNOs) for acquiring virtual network capabilities.
- Distributes long-distance air packages to mobile virtual network operators (MVNOs).
- Distributes mobile devices to mobile virtual network operators (MVNOs).
- Provides tools for business development to MVNOs.
- Offers customer retention strategies to MVNOs.
- Provides loyalty incentive programs to MVNOs.
How Does FRMB Make Money?
- Provides MVNE solutions to MNOs, enabling them to offer virtual network services.
- Generates revenue through the distribution of long-distance air packages.
- Earns revenue from the distribution of mobile devices to MVNOs.
What Industry Does FRMB Operate In?
Forum Mobile operates within the telecommunications services industry, which is characterized by rapid technological advancements and evolving consumer demands. The rise of mobile virtual network operators (MVNOs) has created a niche market for companies like Forum Mobile that provide enabling solutions. The industry is competitive, with established telecommunications giants and smaller, specialized players vying for market share. Trends include the increasing demand for data, the expansion of 5G networks, and the growing importance of customer experience. Forum Mobile's success depends on its ability to adapt to these trends and differentiate itself in a crowded market.
Who Are FRMB's Key Customers?
- Mobile Network Operators (MNOs) seeking to offer virtual network capabilities.
- Mobile Virtual Network Operators (MVNOs) requiring enabling solutions.
- MVNOs needing tools for business development and customer retention.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● No usable price
- ● No filing on record
- ● No analyst coverage
Financial Health
Forum Mobile, Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -6.26 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on assets is -29.3%, showing how much profit it generates from its asset base. A current ratio of 0.67 means current liabilities exceed short-term assets, a liquidity point worth watching.
Company Profile
Forum Mobile, Inc. operates in the Telecommunications Services industry within the Communication Services sector. It is headquartered in New York City, US. The company is led by CEO Ami Segal. FRMB has traded publicly since 2001.
FRMB Financials
FRMB Latest News
No recent news available for FRMB.
FRMB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FRMB.
Price Targets
Wall Street price target analysis for FRMB.
FRMB MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FRMB; grades run from A+ (80-100) to F (below 30).
Leadership: Ami Segal
CEO
Ami Segal serves as the CEO of Forum Mobile, Inc. His background encompasses experience in the telecommunications and technology sectors. Prior to joining Forum Mobile, Segal held various leadership positions in companies focused on mobile solutions and network services. He has a track record of driving growth and innovation in the telecommunications industry. Segal's expertise includes strategic planning, business development, and operational management. He is responsible for guiding Forum Mobile's strategic direction and overseeing its day-to-day operations.
Track Record: Under Ami Segal's leadership, Forum Mobile has focused on expanding its MVNE solutions and strengthening its relationships with MNOs and MVNOs. He has overseen the development of new tools for business development and customer retention. Key milestones include the implementation of strategic partnerships and the expansion of the company's service offerings. Segal's leadership aims to drive revenue growth and improve profitability.
FRMB OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Forum Mobile, Inc. may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial reporting and may not be subject to the same regulatory oversight as companies listed on major exchanges such as the NYSE or NASDAQ. This tier is often associated with higher risk and greater potential for volatility compared to higher-tiered OTC stocks or exchange-listed stocks.
- OTC Tier: OTC Other
- Limited Financial Disclosure: The lack of comprehensive financial reporting increases the difficulty of assessing the company's financial health and performance.
- Low Liquidity: Thin trading volume and wide bid-ask spreads can make it challenging to buy or sell shares.
- Potential for Price Manipulation: The OTC market is more susceptible to price manipulation due to lower regulatory oversight and limited trading activity.
- Going Concern Risk: Companies on the OTC Other tier may face financial difficulties and have a higher risk of going out of business.
- Shell Risk: The 'Shell Risk Detected' warning indicates a potential risk of the company being used for illicit purposes or lacking legitimate business operations.
- Verify the company's business operations and legitimacy.
- Review available financial statements and assess the company's financial health.
- Research the background and experience of the company's management team.
- Assess the company's competitive positioning and market opportunities.
- Understand the risks associated with investing in OTC stocks, particularly those on the OTC Other tier.
- Consult with a financial advisor before making any investment decisions.
- Check for any regulatory actions or legal issues involving the company or its management.
- Verify the company's physical address and contact information.
- Review the company's website and assess its professionalism and transparency.
- Check for independent audits of the company's financial statements (if available).
- Research the company's history and track record.
- Look for evidence of real business activity, such as customer testimonials or product demonstrations.
What Investors Ask About Forum Mobile, Inc. (FRMB) — Communication Services
What do analysts say about FRMB stock?
As of 2026-03-17, there is no available analyst coverage or consensus on Forum Mobile, Inc. due to its OTC listing and small market capitalization. Key valuation metrics such as P/E ratio are not meaningful due to negative earnings.
What are the main risks for FRMB?
Forum Mobile, Inc. faces several significant risks. Its negative profit margin of -26.5% raises concerns about its financial sustainability. As an OTC-listed company, it is subject to lower regulatory oversight and faces higher liquidity risk. The 'Shell Risk Detected' warning further increases the risk profile.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is limited and may not be fully up-to-date.
- OTC market investments carry significant risks.