Oblong Inc. - OBLG STOCK NEWS

Oblong, Inc. (Nasdaq: OBLG) has received a 180-day extension from Nasdaq to comply with the minimum bid price requirement, now set for February 13, 2023. The company must maintain a bid price of $1.00 for ten consecutive days to regain compliance. If Oblong fails to do so, it faces potential delisting, although it can appeal such a decision. The notification does not immediately affect trading. Oblong monitors its stock price closely and may explore options to regain compliance.

Oblong, Inc. (Nasdaq: OBLG) reported Q2 2022 financial results, showing a total revenue of $1.3 million, down from $2.0 million in Q2 2021, reflecting ongoing shifts in hybrid work models. The company reported a net loss of $9.0 million, significantly higher than the $2.2 million loss from the same period last year. Non-cash impairment charges totaled $6.4 million. Adjusted EBITDA loss improved slightly to $1.5 million from $1.6 million year-over-year. Oblong holds $5.1 million in cash and has no debt while exploring strategic alternatives to enhance shareholder value.

Oblong, Inc. (Nasdaq: OBLG) will announce its second-quarter financial results on August 9, 2022, after market close. Following the announcement, a conference call will take place at 4:30 P.M. ET to discuss the results and provide a business update. Interested parties can join the call using the provided U.S. and international dial-in numbers, with a Conference ID of 933 9182 6206. A replay will be accessible from August 9, 2022, at approximately 7:30 P.M. ET for two weeks.

Oblong, Inc. (Nasdaq: OBLG) reported Q1 2022 financial results with total revenue of $1.5 million, a decline from $1.9 million in Q1 2021. The company faced a net loss of $4.5 million, compared to $3.4 million in the previous year. An impairment charge of $1.1 million on goodwill was recorded. The Adjusted EBITDA loss stood at $2.5 million, slightly up from $2.4 million in Q1 2021. Oblong highlights the shift towards hybrid work environments, leading to potential growth opportunities for its products.

Oblong, Inc. (Nasdaq: OBLG) will release its first quarter results for the period ending March 31, 2022, on May 11, 2022, after market close. A conference call is scheduled for the same day at 4:30 PM ET, featuring CEO Peter Holst and CFO David Clark. Participants can join via U.S. or international dial-in numbers or through a webinar link. A replay of the call will be available for two weeks starting approximately at 7:30 PM ET on May 11, 2022.

Oblong, Inc. (Nasdaq: OBLG) reported a total revenue of $2.0 million in Q4 2021, a 10% increase sequentially from Q3. Revenue from the Mezzanine™ collaboration suite grew 24% to $1.0 million due to a significant order from an Aerospace and Defense client. However, the company faced a net loss of $2.7 million compared to a net income of $1.2 million in Q4 2020, primarily attributed to a non-cash gain from debt extinguishment. Adjusted EBITDA loss widened to $2.1 million, indicating ongoing financial challenges amid pandemic impacts.

Oblong, Inc. (NASDAQ: OBLG) announced it will release Q4 and full-year results on March 29, 2022, after market close, followed by a conference call at 4:30 P.M. ET. The call will include a business update and slide presentation. Participants can join via a dedicated link and will have access to replay options for two weeks post-call. Oblong, known for its innovative collaboration solutions, serves Fortune 500 clients and integrates with Cisco products. More information can be found on Oblong's website.

Oblong, Inc. (NASDAQ: OBLG) is set to present at the Benzinga All Access Conference on December 14, 2021, at 11:20 a.m. ET. CEO Peter Holst will update on the progress of Oblong's next-generation hybrid collaboration cloud offering. The presentation will highlight the growth of the hybrid workforce and Oblong's strategic positioning to leverage this emerging market opportunity.

For more details, visit the conference presentation here.

Oblong, Inc. (Nasdaq: OBLG) reported its Q3 2021 financial results, with total revenue of $1.8 million, down from $3.3 million in Q3 2020. The net loss was reduced to $0.7 million, improving from a loss of $2.2 million in the previous quarter. The company maintains a cash balance of $10.8 million and has no debt. Key developments include the forgiveness of a $2.4 million PPP loan and operational enhancements in preparation for hybrid work environments. Management emphasizes their focus on advancing multi-share cloud collaboration solutions amidst uncertain market conditions.