AI Revenue Hits $2M Monthly Run-Rate Just Two Months After Launch
LOBO has more than doubled off its 52-week low of $0.353.
Summary
LOBO's new AI products and API services generated over $2 million in July revenue, doubling from under $1 million in June. This follows the $15 million annual contract announced on June 2, showing rapid commercial traction. For a company with a ~$10 million market cap, a $2 million monthly run-rate in a new segment is material. The speed of ramp—from launch to $2 million in two months—suggests strong product-market fit and could reshape revenue expectations. Watch for sustained growth and margin details in upcoming filings.
At the time of this announcement, LOBO was trading at $0.77 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $10.2M. The 52-week trading range was $0.35 to $1.48. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.