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Overview of Oblong Inc
Oblong Inc is an innovative enterprise focused on transforming visual collaboration through its patented, multi-stream technology. By integrating advanced spatial interfaces and immersive visual collaboration capabilities, Oblong has redefined the way modern enterprises manage meetings, presentations, and collaborative workflows. Leveraging its flagship platform, Mezzanine, Oblong’s solutions empower businesses to seamlessly share, manipulate, and create visual content in a multi-user, multi-device, and multi-location setting, thereby setting a new benchmark in visual communication and infopresence.
Core Business and Technology
At the heart of Oblong Inc's operations is its commitment to developing next-generation collaboration technologies. The company's core product, mezzanine, represents a breakthrough in visual collaboration that goes well beyond traditional video conferencing and telepresence. With a focus on multi-stream collaboration and immersive spatial interfaces, mezzanine allows for multiple streams of content to be visible concurrently. This approach transforms routine meetings into agile, engaging sessions where data is not only displayed but can be interacted with dynamically across various screens and locations.
Product Features and Applications
The mezzanine platform is designed to tackle the complexities of modern collaborative work environments. It offers a fully shared and unified experience where each participant can contribute to the meeting by interacting with diverse content streams. Designed with versatility in mind, the technology finds application in multiple industries including aerospace, consulting, broadcast media, and healthcare. The platform supports:
- Multi-user simultaneous interaction
- Dynamic, real-time content sharing and manipulation
- Seamless integration across devices and locations
- Enhanced meeting productivity and engagement
Market Position and Industry Impact
Oblong Inc operates within the broader enterprise technology and video collaboration industries, where the need for effective multi-location communication is paramount. The company serves a diverse clientele, ranging from large multinational corporations and academic institutions to specialized enterprises in financial services and real estate. Its technology is not merely an incremental improvement over existing solutions; it represents a systemic shift towards platforms capable of supporting complex, immersive, and highly interactive visual collaboration experiences. This distinct market positioning is bolstered by the company's deep research roots and patent-protected innovations, which collectively underscore its commitment to driving forward the concept of a spatial interface in professional settings.
Business Model and Revenue Generation
Oblong Inc's revenue model is derived from both direct product sales and managed service agreements. By licensing its technology to enterprises and collaborating closely with industry giants, the company taps into multiple revenue streams that reinforce its market presence. The multifaceted business strategy not only includes the commercialization of its groundbreaking visual collaboration platform but also extends to value-added services designed to support and enhance client operations. This blend of technology licensing and service-driven income underscores the sophisticated nature of its business model, where innovation and operational excellence converge.
Competitive Landscape and Differentiation
Within a rapidly evolving sector marked by intense competition, Oblong Inc differentiates itself by focusing on the intricacies of multi-stream, multi-user collaboration. Unlike conventional collaboration tools that typically emphasize simple video connectivity, Oblong's approach is rooted in advanced spatial computing and immersive experience design. This allows users to not only view data simultaneously across multiple screens but also to interact with it in a way that is both intuitive and engaging. Such differentiation is supported by decades of rigorous research and a portfolio of patented technologies, cementing the company's authority in the field of next-generation visual collaboration.
Commitment to Innovation and Expertise
With roots tracing back to extensive research at leading technical institutions, Oblong Inc continually pushes the boundaries of what is possible in the realm of digital collaboration. The company’s commitment to research and development is evident in its ability to patent breakthrough technologies and to consistently evolve its product offerings. By fostering an environment that values deep expertise, operational knowledge, and a focus on authoritativeness, Oblong has established itself as a trusted innovator in the market. This rigorous approach to development ensures that its solutions are not only technologically advanced, but also aligned with the practical needs of diverse enterprise environments.
Conclusion
In summary, Oblong Inc stands out for its pioneering work in multi-stream, immersive visual collaboration. Its flagship mezzanine platform symbolizes a significant advancement in the way information is shared, manipulated, and experienced across spatially distributed environments. With a clear focus on delivering a unified and interactive collaborative experience, Oblong Inc continues to shape the landscape of enterprise collaboration technology, cementing its place as a critical resource for modern businesses seeking to elevate their operational efficiencies.
Oblong, Inc. (Nasdaq: OBLG) has announced a 1-for-15 reverse stock split effective at 5:00 PM ET on January 3, 2023, with shares trading on a split-adjusted basis starting January 4, 2023. The split aims to increase the per share trading value to comply with Nasdaq Capital Market’s listing standards, reducing the number of shares from approximately 30.8 million to about 2.1 million. This action, approved by stockholders, does not affect ownership percentages, and fractional shares will be rounded up. A new CUSIP number will be assigned.
Oblong, Inc. (Nasdaq: OBLG) reported third-quarter 2022 results, revealing total revenue of $1.2 million, a decrease from $1.8 million in Q3 2021. The company faced a net loss of $7.2 million compared to a net loss of $0.7 million in the same period last year. Notably, Oblong recorded non-cash impairment charges of $5.2 million. The adjusted EBITDA loss was $1.4 million, improving from $1.7 million in Q3 2021. With $4.1 million in cash and no debt, Oblong aims for growth through various strategic avenues, including potential business combinations.
Oblong, Inc. (Nasdaq: OBLG) will announce its third-quarter results for the period ending September 30, 2022, on November 10, 2022, following the market close. A conference call is scheduled for the same date at 4:30 P.M. ET, where management will provide a business update. CEO Peter Holst and CFO David Clark will participate in the call. Investors can access the call through a provided link and dial-in numbers. A replay will be available starting November 10, 2022, at 7:30 P.M. ET for two weeks.
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
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