Our Bond (OBAI)
Market Price (3/28/2026): $1.2 | Market Cap: $12.1 MilSector: Information Technology | Industry: Systems Software
Our Bond (OBAI)
Market Price (3/28/2026): $1.2Market Cap: $12.1 MilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -158% | High stock price volatilityVol 12M is 223% |
| Key risksOBAI key risks include [1] the potential for failure or bias in its core AI security platform, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -158% |
| High stock price volatilityVol 12M is 223% |
| Key risksOBAI key risks include [1] the potential for failure or bias in its core AI security platform, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Severe Financial Distress and Unprofitability.
Our Bond (OBAI) has demonstrated significant financial weakness since its direct listing. The company reported a net loss of $(11,017,000) for fiscal year 2024 on revenues of $9,736,000, alongside an operating loss of $(9,583,000). Furthermore, OBAI recorded a negative pretax profit margin of -94.9% and a concerningly low current ratio of 0.44, indicating that its short-term liabilities substantially exceed its liquid assets. These fundamental financial challenges, including negative free cash flow of $7.63 million, have significantly eroded investor confidence.
2. Highly Dilutive Financing Activities and Restrictive Debt Terms.
The company has undertaken financing measures that suggest acute financial pressure and carry a high risk of shareholder dilution. On March 1, 2026, Our Bond amended an existing warrant, temporarily lowering the exercise price for 12,000,000 shares from $12.35 to tiers ranging from $2.25 to $3.25 for a 90-day period. This move creates significant potential for new shares to enter the market at substantially lower prices. Concurrently, Our Bond issued a $2,500,000 promissory note to Ascent Partners Fund, LLC at a 10% annual interest rate, which includes a critical covenant mandating that 25% of the net proceeds from all future securities offerings must be used to repay this note. This restrictive debt agreement severely limits the company's ability to allocate future capital raises towards growth initiatives, with a default interest rate of 24%.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
11/30/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| OBAI | ||
| Market (SPY) | -5.3% | 34.7% |
| Sector (XLK) | -9.1% | 34.9% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| OBAI | ||
| Market (SPY) | 0.6% | 34.7% |
| Sector (XLK) | -0.7% | 34.9% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| OBAI | ||
| Market (SPY) | 9.8% | 34.7% |
| Sector (XLK) | 15.9% | 34.9% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/27/2026| Return | Correlation | |
|---|---|---|
| OBAI | ||
| Market (SPY) | 69.4% | 34.7% |
| Sector (XLK) | 94.5% | 34.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OBAI Return | - | - | - | - | - | -96% | -96% |
| Peers Return | 20% | -20% | 4% | 24% | -17% | 3% | 5% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| OBAI Win Rate | - | - | - | - | - | 0% | |
| Peers Win Rate | 58% | 37% | 48% | 48% | 45% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| OBAI Max Drawdown | - | - | - | - | - | -96% | |
| Peers Max Drawdown | -12% | -44% | -27% | -24% | -28% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AXON, MSI, ALRM, ADT, KSCP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
OBAI has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to AXON, MSI, ALRM, ADT, KSCP
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
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About Our Bond (OBAI)
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Bond (OBAI):
Think of it as an **ADT for your personal safety, rather than your home.**
It's like **OnStar for your daily life, accessible via a smartphone app.**
AI Analysis | Feedback
- Bond Preventative Personal Security Platform: A cloud-based, AI-powered platform delivering remote personal security services through a mobile app and human agents.
- Real-time Proactive Monitoring: Utilizes AI and various data inputs to continuously monitor members, detect anomalies, and identify potential threats before they escalate.
- 24/7 Personal Security Agent Support: Provides access to live, trained Personal Security Agents via chat, phone, or video for guidance, de-escalation, deterrence, and assistance.
- App-Based Preventative Security Services: Offers 14 distinct services through the Bond App, including video monitoring, route monitoring, scheduled security checks, and agent standby.
- Emergency Response Coordination: Facilitates rapid coordination with first responders and other public/private sector resources in developing or active emergency situations.
AI Analysis | Feedback
Major Customers of Our Bond (OBAI)
Based on the provided information, Bond serves both Direct-to-Consumer (DTC) members and Business-to-Business (B2B) customers. With "over a few thousand DTC end-users (members)" compared to "over 40 B2B customers," the company currently serves a significantly larger number of individual customers directly. Therefore, we will describe categories for individual customers. The major categories of individual customers that Bond serves are:- Individuals seeking proactive preventative security: This category includes individuals who frequently find themselves in situations that cause feelings of discomfort, unsafety, or fear (e.g., walking alone at night), but where emergency services like 911 are not yet warranted. They subscribe to Bond for a pre-emergency, preventative security solution and a general sense of being "looked after."
- Individuals and families desiring monitored safety and peace of mind: These customers utilize Bond's services for active monitoring, such as video monitoring, route monitoring, or scheduling security checks for themselves or their loved ones. They value the continuous support and reassurance provided by the platform and Personal Security Agents, acting as a personal security companion.
- Individuals needing rapid, human-guided intervention and support: This segment comprises customers who require real-time assistance, de-escalation, guidance, or coordination with responders in escalating or unsettling situations. They frequently engage with Bond's 24/7 Personal Security Agents via chat, phone, or video for immediate expert help.
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Doron Kempel, Founder, President, Chief Executive Officer, Treasurer, Secretary and Director
Doron Kempel is an Israeli-born American serial entrepreneur and technology innovator who founded Bond in 2017. He also founded and served as CEO of SimpliVity Corporation, which was acquired by HPE in 2017 for an estimated $650 million, and co-founded and was Chairman and CEO of Diligent Technologies, acquired by IBM in 2008 for approximately $200 million. Prior to these ventures, he was Vice President and General Manager at Dell EMC (formerly EMC Corporation). SimpliVity Corporation notably received backing from prominent venture capital firms, including Kleiner Perkins Caufield & Byers and Accel Partners. Kempel holds an MBA from Harvard Business School and law and philosophy degrees from Tel Aviv University. He also served for over a decade in the Israeli Defense Forces, rising to deputy chief of the elite Sayeret Matkal special forces unit.
Amit Hod, Chief Financial Officer & Head of Corporate Operations
Amit Hod is the Chief Financial Officer and Head of Corporate Operations at Bond. Before joining Bond, he held the position of CFO at BCM, where he oversaw the company's acquisition. His experience also includes working as a senior auditor at PwC, where he managed financial audits for both private and listed high-tech and online startups. Amit holds a B.A. in accounting and information technologies and an M.A. in law, and previously served for eight years in the Ministry of Defense.
Rob Quimby, Head of Product Management
Rob Quimby is the Head of Product Management at Bond, responsible for leading the team that develops the product vision, policies, delivery, and growth of Bond's personal safety and security services. He has over a decade of product leadership experience with venture-backed companies, specializing in AI and mobile user experiences. Before his product career, Quimby worked for the MITRE corporation, developing artificial intelligence solutions for the U.S. Government. He holds a B.S. in Electrical and Computer Engineering.
Mike Hollick, Head of Command Center Operations
Mike Hollick serves as the Head of Command Center Operations at Bond, where he leads the vision, strategy, and implementation of the company's 24/7 Command Center Operation. He is an operations executive with over 20 years of experience in Call Center operations, Information Technology, Project Management, and Customer Care. Prior to Bond, Mike led the Customer Care Organization at The Vitamin Shoppe. He earned a Bachelor of Science degree in Computer Science.
Hezi Sayar, Head of Engineering Operations
Hezi Sayar is the Head of Engineering Operations at Bond, overseeing the vision, strategy, and implementation of all technological aspects of Bond's products and services, including the 24/7 operation of its cloud-based technology platform. He brings over 15 years of software development experience to Bond, having previously led engineering and R&D teams at Hewlett Packard Enterprise and Micro Focus. Hezi holds a BS in Computer Science.
AI Analysis | Feedback
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Market Adoption and Education for a Novel Preventative Security Service
The company explicitly states its solution establishes a "novel paradigm" and creates a "new tier of preventative pre-emergency personal security." This necessitates a significant investment in educating the market—both corporations and direct consumers—on the value and necessity of this pre-911 preventative security to drive widespread adoption. The company notes that its growth is directly tied to "invest[ing] in marketing and sales resources to create market awareness," indicating that securing broad market understanding and acceptance is a key challenge.
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Operational Scalability and Maintaining Rapid, Effective Response
Bond's core offering relies on a "multilayered, multifaceted technology platform," a "versatile AI program," and Personal Security Agents who, on average, respond within "4 seconds." As the company is in "hyper-growth mode" and envisions serving "millions of individual members globally" across an expanding footprint of 28 countries, there is a substantial operational and technological risk in consistently maintaining this high level of precision, speed, and reliability in threat detection, preemptive intervention, and coordination with various responders.
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Competition from Existing and Evolving Security Solutions
While Bond distinguishes itself by offering preventative, pre-911 security, it acknowledges "known competitors" that offer panic button solutions, such as Noonlight, Silent Beacon, Centeix Crisis Alert, ROAR FOR Good, and Motorola Solutions Panic Button. Although currently not direct competitors in the preventative space, there is a risk that these existing players or new market entrants could evolve their offerings to include more preventative features, thereby increasing competitive pressure and potentially challenging Bond's unique market position.
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Here are 3-5 expected drivers of future revenue growth for Our Bond (OBAI) over the next 2-3 years:- Expansion of B2B Enterprise Client Base with Large-Scale Deployments: Our Bond is strategically focused on securing large enterprise deployments, evidenced by the successful completion of a one-year paid pilot with one of the world's largest employers. This pilot is expected to lead to discussions for an enterprise-wide rollout across nearly one million U.S. employees, potentially generating over $10 million in annual revenue. The company is also in active discussions with other Fortune 500 companies, indicating a strong pipeline for acquiring major corporate clients.
- Deepening Relationships and Expanding Deployments with Existing Multinational Customers Across Geographies: Our Bond aims to grow by expanding its services within its current client base. A recent example includes the geographic expansion of a deployment with a multinational corporation into Mexico, with expectations for further U.S. and international rollout. This strategy leverages Bond's unique technology to enable corporations to gradually extend coverage to more employees across various geographies, leading to incremental Annual Recurring Revenue (ARR) growth.
- Global Geographical Expansion for B2B and DTC Markets: Our Bond has a vision to become a globally recognized leader in personal security, serving millions of individual members worldwide. The company currently operates in 28 countries and is actively growing its international presence. Its cloud-based AI platform facilitates scaling services geographically for both B2B customers and direct-to-consumer (DTC) members, underscoring a commitment to reaching new markets globally.
- Increased Investment in Marketing and Sales to Drive Market Awareness and Customer Acquisition: The company is in a "hyper-growth mode" and attributes its growth to investments in marketing and sales resources aimed at creating market awareness. The recent corporate name change to Our Bond, Inc. from TG-17, Inc. was specifically intended to strengthen market recognition and ensure consistency as the company expands its sales, marketing, and public awareness initiatives across enterprise, municipal, and direct-to-consumer channels.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 24.48 |
| Mkt Cap | 5.3 |
| Rev LTM | 2,780 |
| Op Inc LTM | 134 |
| FCF LTM | 136 |
| FCF 3Y Avg | 178 |
| CFO LTM | 211 |
| CFO 3Y Avg | 270 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.6% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 12.3% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Mgn LTM | 13.2% |
| Op Mgn 3Y Avg | 10.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 15.2% |
| CFO/Rev 3Y Avg | 17.5% |
| FCF/Rev LTM | 13.4% |
| FCF/Rev 3Y Avg | 15.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.3 |
| P/S | 4.0 |
| P/EBIT | 11.5 |
| P/E | 16.0 |
| P/CFO | 13.8 |
| Total Yield | 4.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.4% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -13.5% |
| 3M Rtn | -19.0% |
| 6M Rtn | -22.5% |
| 12M Rtn | -20.6% |
| 3Y Rtn | -6.1% |
| 1M Excs Rtn | -8.4% |
| 3M Excs Rtn | -10.6% |
| 6M Excs Rtn | -16.9% |
| 12M Excs Rtn | -32.4% |
| 3Y Excs Rtn | -68.0% |
External Quote Links
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| CNBC | Etrade |
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| YCharts | Perplexity Finance |
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