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Oblong Inc   (OBLG)
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Price: $0.1350 $-0.02 -11.765%
Day's High: $0.215 Week Perf: -15.63 %
Day's Low: $ 0.13 30 Day Perf: -22.41 %
Volume (M): 7,166 52 Wk High: $ 3.94
Volume (M$): $ 967 52 Wk Avg: $0.81
Open: $0.16 52 Wk Low: $0.13



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 3
 Employees -
 Revenues (TTM) (Millions $) 4
 Net Income (TTM) (Millions $) -5
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 0

Oblong Inc
Oblong Inc is a technology company that specializes in immersive spatial computing solutions. They have created a unique platform called g-speak, which enables users to interact with digital content using natural hand and gesture movements. Oblong Inc's technology has been used in various industries, including architecture, design, and teleconferencing, to revolutionize the way people collaborate and engage with information. The company has gained recognition for their innovative approach to user interfaces and their ability to create intuitive and immersive experiences.


   Company Address: 25587 Conifer Road Conifer 80433 CO
   Company Phone Number: 640-3838   Stock Exchange / Ticker: NASDAQ OBLG
   OBLG is expected to report next financial results on March 20, 2024.


   

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Oblong Inc

Oblong Inc Struggles to Keep Up: Weak Orders Lead to Growth in Losses

Oblong Inc, a company in the Internet Services & Social Media industry, has experienced a period of weak orders which has led to growth in losses for their most recent fiscal period. The company's shortfall per share increased to $-0.30 from $-0.23, while their revenue dropped by -26.414% to $0.87 million from $1.19 million in the previous year.
This decline in top-line revenue is in stark contrast to the overall performance of the Internet Services & Social Media industry, which recorded a revenue improvement during the same period. While the industry as a whole saw growth, Oblong Inc experienced a significant drop in revenue.

Oblong Inc

Oblong Inc's Fiscal Journey: Overcoming Revenue Slump and Shining Bright



Investors turned their attention to Oblong Inc (NASDAQ:TICKER) following the company's recent second-quarter financial update, which showed a significant decline in revenue and a widening shortfall per share, compared to the previous year. With the future performance of the company in question, analysts are eagerly awaiting the next financial results, set to be reported on November 9, 2023.
During the second quarter of 2023, Oblong Inc experienced a shortfall per share of $-0.78, a considerable increase from the $-0.29 reported in the same period last year. Furthermore, the company reported an even larger shortfall compared to the preceding quarter, which stood at $-0.60 per share. Alongside this, Oblong Inc witnessed a decline in revenue by -48.767% to $0.96 million, significantly lower than the $1.87 million reported in the corresponding quarter of the previous year, and a sequential decline of -7.9% from $1.04 million.

Oblong Inc

Headline: Oblong Inc's Profits Plunge in Q1 2023

Oblong Inc, a company operating in the Internet Services & Social Media industry, reported its financial first quarter for 2023, revealing a significant increase in its per share shortfall. The company's shortfall per share rose from $-0.15 a year prior to $-0.60 per share, indicating a significant decline in profitability. Furthermore, there was a surge in the shortfall from $-0.04 per share from the preceding reporting season, which suggests that the company's financial performance has deteriorated over the last quarter.
The company's revenue also decreased by a staggering -32.245% from $1.53 million in the corresponding reporting season a year prior to $1.04 million. However, sequentially revenue improved by 16.237% from $0.89 million. This comparison indicates that, on a quarterly basis, the company's financial performance has improved slightly, but there is a notable decline when compared to the prior year's financial quarter.






 

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