Oblong Inc Stock Price, News & Analysis

Oblong (NASDAQ:OBLG) has announced an $8 million investment in Bittensor's $TAO tokens, which have been fully staked with a main validator. The strategic move positions Oblong as a public proxy for Bittensor's decentralized AI ecosystem and AI commodity market.

The company is staking its entire $TAO position to support network operations and reward AI innovators, similar to Ethereum's staking model but focused on a global AI marketplace. CEO Pete Holst emphasized the investment's dual purpose of generating investor returns while advancing decentralized AI development.

Oblong plans to evaluate additional $TAO purchases weekly and explore potential technology partnerships within the Bittensor ecosystem. Performance updates will be included in Q2 2025 financial results.

Oblong (NASDAQ:OBLG) has appointed Siam Kidd, Co-Founder and CIO of DSV Fund, as the inaugural member of its new Advisory Committee. Kidd, a former RAF pilot with over 21 years of financial market experience, will help guide Oblong's strategic treasury investments in Bittensor ($TAO).

The appointment aims to strengthen Oblong's position in the decentralized AI ecosystem, where Bittensor's subnet ecosystem has reached a combined market cap of nearly $1 billion and processes over 50 million daily AI inferences. DSV Fund, under Kidd's leadership, is the world's first hedge fund focused exclusively on Bittensor ($TAO).

Oblong (Nasdaq: OBLG) has significantly expanded its investment in the Bittensor ecosystem by acquiring additional $TAO tokens worth $1.65 million. The company now holds 9,963 $TAO tokens at an average price of $331 per token, all of which have been staked in the Bittensor network.

This strategic move, following the initial purchase announced on July 1, 2025, aligns with Oblong's shift toward decentralized AI announced on June 6, 2025. The company plans to continue weekly evaluations for additional $TAO purchases and will disclose treasury yield metrics in its Q2 2025 earnings report.

Oblong (Nasdaq: OBLG) has announced a significant strategic move into decentralized AI by purchasing 5,025 $TAO tokens for $1.65 million at an average price of $328.38 per token. The investment, funded through recent $7.5 million financing, represents the company's commitment to its newly announced pivot toward decentralized AI.

The company has fully staked all acquired tokens in the Bittensor network, supporting the ecosystem while aiming to enhance treasury performance. This marks Oblong's first investment in the Bittensor ecosystem, with plans for additional weekly evaluations of $TAO purchases and potential technology partnerships. Performance updates will be included in Q2 2025 earnings results.

Oblong (OBLG) has secured a $7.5 million private placement through the sale of 1,989,392 shares at $3.77 per share to institutional investors. The company is strategically pivoting to enter the AI-driven digital asset space by investing in Bittensor's $TAO ecosystem, a decentralized intelligence protocol. With $4.3 million in cash and no debt as of March 31, 2025, Oblong plans to allocate the majority of proceeds toward acquiring $TAO tokens and developing software tools for the network. The company will participate in subnet 0 to generate yield on its $TAO holdings. Oblong views Bittensor as a pioneering platform in the third era of crypto, following Bitcoin and smart contracts, with $TAO having a $3 billion market cap. The offering is expected to close around June 11, 2025, with Dawson James Securities acting as the exclusive placement agent.

Oblong reported its Q1 2025 financial results, highlighting a strong financial position with $4.3 million in cash and zero debt. The company received an additional $518,000 from warrant exercises in April 2025. Total revenue remained flat at $0.6 million compared to Q1 2024. The company showed improvement in net loss, reducing it to $0.7 million from $1.1 million in the previous year. Adjusted EBITDA loss also improved to $0.7 million from $1.2 million. CEO Peter Holst emphasized the company's strategic focus on M&A opportunities, particularly targeting companies with recurring revenue models, digital currency, and AI capabilities. The current cash position is expected to sustain operations through late 2026.

Oblong (Nasdaq: OBLG) has announced a stock buyback program of up to $500,000 of its common stock. With approximately 1.1 million shares outstanding, the program could enable repurchasing up to 25% of shares at current market prices.

The company reported $5.0 million in cash and no debt as of December 31, 2024. Share repurchases may be executed through open market, private transactions, or other legal means, with timing and volume depending on cash availability and market conditions.

While actively pursuing M&A opportunities in pure SaaS businesses and AI-driven automation companies, Oblong maintains this buyback program demonstrates management's belief in the company's intrinsic value while preserving flexibility for strategic growth initiatives.

Oblong (NASDAQ: OBLG) has released its Q4 2024 financial results, reporting a strong cash position of $5.0 million with zero debt as of December 31, 2024. The company's Q4 revenue was $0.6 million, down from $0.9 million in Q4 2023, while net loss improved to $0.9 million from $1.2 million year-over-year.

During Q4, Oblong raised $231,000 from warrant exercises and implemented operational efficiencies expected to yield $1.2 million in annual savings. The company projects maintaining liquidity into mid-2026 and regained Nasdaq compliance in September 2024. Management is actively exploring strategic growth opportunities, including potential mergers, acquisitions, reverse mergers, and asset sales to enhance liquidity and optimize operations.

Oblong Inc (Nasdaq: OBLG) reported financial results for Q3 2024, showing a strong cash position of $5.6 million with zero debt. Revenue decreased to $0.6 million from $0.9 million in Q3 2023, while net loss increased to $1.0 million from $0.9 million year-over-year. The company received additional liquidity of $231,000 from warrant exercises in October and implemented operational efficiencies expected to save $1.2 million annually. Management is exploring strategic growth opportunities, including potential mergers, acquisitions, and asset sales. The company regained Nasdaq compliance in September 2024.