Oblong(OBLG)

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Oblong(OBLG) - 2025 Q2 - Quarterly Results
2025-08-14 12:15
EXHIBIT 99.1 Oblong Reports Q2 2025 Results and Expands $8M TAO Treasury to Power Decentralized AI 21,613 TAO Tokens Now Staked to Generate Revenue and Strengthen Oblong's Role in Bittensor's AI Ecosystem August 14, 2025 – (BUSINESS WIRE) – Oblong, Inc. (Nasdaq: OBLG) ("Oblong" or the "Company"), a digital asset treasury company, today announced financial results for the second quarter ended June 30, 2025 ("Q2 2025") and significant progress in its treasury strategy centered on Bittensor's TAO token. With a ...
Oblong(OBLG) - 2025 Q2 - Quarterly Report
2025-08-14 12:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2025. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Commission file number: 001-35376 OBLONG, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Id ...
Oblong(OBLG) - 2025 Q1 - Quarterly Results
2025-05-13 12:37
"As of March 31, 2025, we're in a very strong financial position with $4.3 million in cash, zero debt, and a fresh $518,000 boost from warrant exercises in April 2025. This war chest gives us the firepower to drive our strategy into late 2026. We're aggressively pursuing high-growth M&A opportunities, zeroing in on recurring revenue models, digital currency, and AI-driven innovators that can supercharge profitability and operating efficiency. In a dynamic market, our disciplined approach ensures we're prime ...
Oblong(OBLG) - 2025 Q1 - Quarterly Report
2025-05-13 12:36
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2025. or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-35376 OBLONG, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer ...
Oblong(OBLG) - 2024 Q4 - Annual Results
2025-03-18 20:18
[Business Update and Strategy](index=1&type=section&id=Business%20Update%20and%20Strategy) Oblong maintains strong liquidity and Nasdaq compliance, while pursuing strategic growth and operational efficiencies - The company holds **$5.0 million in cash** with **zero debt** and expects its current liquidity to last into **mid-2026**[2](index=2&type=chunk) - Operational streamlining is projected to result in **$1.2 million in annual savings**[2](index=2&type=chunk) - Oblong is actively evaluating strategic alternatives such as business combinations, reverse mergers, or the sale of assets to foster growth[2](index=2&type=chunk) - In September 2024, the company regained full compliance with Nasdaq's listing standards[2](index=2&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Oblong reported declining revenue for Q4 and FY2024, with improved net loss but mixed Adjusted EBITDA performance [Fourth Quarter 2024 Performance](index=1&type=section&id=Fourth%20Quarter%202024%20Performance) Q4 2024 saw revenue decline to $0.6 million, while net loss improved to $0.9 million, and Adjusted EBITDA loss remained flat Q4 Financial Performance Comparison (2024 vs. 2023) | Metric | Q4 2024 ($ millions) | Q4 2023 ($ millions) | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $0.6 | $0.9 | -33.3% | | Net Loss | ($0.9) | ($1.2) | Improvement | | Adjusted EBITDA Loss | ($0.9) | ($0.9) | Flat | [Fiscal Year 2024 Performance](index=4&type=section&id=Fiscal%20Year%202024%20Performance) FY2024 revenue declined to $2.4 million, net loss improved to $4.0 million, but Adjusted EBITDA loss widened to $4.0 million Full Year Financial Performance Comparison (2024 vs. 2023) | Metric | FY 2024 ($ millions) | FY 2023 ($ millions) | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $2.4 | $3.8 | -37.6% | | Net Loss | ($4.0) | ($4.4) | Improvement | | Adjusted EBITDA Loss | ($4.0) | ($3.8) | Widened | [Detailed Financial Statements](index=3&type=section&id=Detailed%20Financial%20Statements) Unaudited consolidated financial statements are presented, covering Balance Sheets, Statements of Operations, and GAAP to non-GAAP reconciliation [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $5.3 million by Dec 31, 2024, driven by lower cash, while liabilities and equity also declined Balance Sheet Summary (in thousands) | Account | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $4,965 | $5,990 | | Total current assets | $5,269 | $6,896 | | Total assets | $5,275 | $6,925 | | Total current liabilities | $1,272 | $1,398 | | Total liabilities | $1,272 | $1,424 | | Total stockholders' equity | $4,003 | $5,501 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) FY2024 revenue and gross profit declined, but reduced operating expenses led to a slightly improved net loss of $4.0 million Statement of Operations Summary - Year Ended (in thousands) | Account | 2024 | 2023 | | :--- | :--- | :--- | | Revenue | $2,378 | $3,810 | | Gross profit | $331 | $911 | | Total operating expenses | $4,533 | $5,406 | | Operating loss | ($4,202) | ($4,495) | | Net loss | ($4,043) | ($4,384) | [GAAP to Non-GAAP Reconciliation](index=4&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliation) Reconciliation from GAAP net loss to non-GAAP Adjusted EBITDA loss is provided, detailing adjustments for both Q4 and full year 2024 GAAP Net Loss to Non-GAAP AEBITDA Loss Reconciliation (in thousands) | Period | Net Loss (GAAP) | Adjusted EBITDA Loss (Non-GAAP) | | :--- | :--- | :--- | | **Three Months Ended Dec 31, 2024** | ($884) | ($929) | | **Three Months Ended Dec 31, 2023** | ($1,221) | ($899) | | **Year Ended Dec 31, 2024** | ($4,043) | ($4,035) | | **Year Ended Dec 31, 2023** | ($4,384) | ($3,784) | [About the Company and Disclosures](index=1&type=section&id=About%20the%20Company%20and%20Disclosures) This section outlines Oblong's business, its Mezzanine™ product, non-GAAP financial measures, and forward-looking statements [About Oblong, Inc.](index=1&type=section&id=About%20Oblong,%20Inc.) Oblong, Inc. provides patented collaboration technologies, with Mezzanine™ as its flagship remote meeting platform for enterprise clients - Oblong's flagship product is **Mezzanine™**, a remote meeting technology platform that enables simultaneous content sharing[5](index=5&type=chunk) - The company supplies its Mezzanine systems to **Fortune 500** and other enterprise customers[5](index=5&type=chunk) [Non-GAAP Financial Measures](index=1&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA (AEBITDA) loss is a non-GAAP measure used to evaluate operating performance, calculated by adjusting net loss for specific items - AEBITDA loss is a non-GAAP measure defined as net loss adjusted for items such as amortization, stock-based compensation, impairment charges, and interest income[4](index=4&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This report contains forward-looking statements regarding strategic plans and financial projections, subject to risks and uncertainties that may cause actual results to differ - The report includes forward-looking statements regarding strategic plans and financial projections, which are subject to risks and uncertainties and are not guarantees of future performance[7](index=7&type=chunk)
Oblong(OBLG) - 2024 Q4 - Annual Report
2025-03-18 20:18
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __________ Commission file number: 001-35376 OBLONG, INC. (Exact name of registrant as specified in its charter) Delaware 77-0312442 ...
Oblong(OBLG) - 2024 Q1 - Quarterly Report
2024-05-08 20:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Delaware 77-0312442 ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-35376 OBLONG, INC. (Exact Name of Registrant as Specif ...
Oblong(OBLG) - 2023 Q4 - Annual Results
2024-03-19 20:05
EXHIBIT 99.1 Oblong Announces Financial Results for Fourth Quarter 2023 and Provides Business Update March 19, 2024 -- (BUSINESS WIRE) Oblong, Inc. (Nasdaq: OBLG) ("Oblong" or the "Company"), an innovator in collaboration solutions, today reported financial results for the fourth quarter and fiscal year ending December 31, 2023, and provided updates on the Company's business and strategy. During 2023, the Company diligently optimized its operations, streamlined expenditures, and strengthened Oblong's balanc ...
Oblong(OBLG) - 2023 Q4 - Annual Report
2024-03-19 20:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __________ Commission file number: 001-35376 OBLONG, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...
Oblong(OBLG) - 2023 Q3 - Quarterly Report
2023-11-14 12:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2023. or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-35376 OBLONG, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 77-0312442 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Em ...