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Oblong Inc - OBLG STOCK NEWS

Welcome to our dedicated news page for Oblong (Ticker: OBLG), a resource for investors and traders seeking the latest updates and insights on Oblong.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oblong's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Oblong's position in the market.

Rhea-AI Summary
Oblong, Inc. (Nasdaq: OBLG) received a 180-day extension from Nasdaq to meet the minimum bid price requirement, with a deadline of September 16, 2024. The company must reach a bid price of $1.00 per share for 10 consecutive business days to regain compliance. Failure to do so may lead to delisting, with the option to appeal the decision. The company plans to actively monitor its stock price and explore options to meet the requirement.
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Oblong, Inc. (Nasdaq: OBLG) reported financial results for Q4 and fiscal year 2023, focusing on operational optimization, funding, and strategic partnerships. The company raised $5.9 million in 2023 to strengthen its balance sheet. CEO Peter Holst highlighted a twofold growth strategy: organic expansion and seeking inorganic growth through partnerships or acquisitions. The company is exploring strategic alternatives such as business combinations, reverse mergers, or a sale. Q4 2023 financials show $6.0 million in cash, $0.9 million revenue, a net loss of $1.2 million, and an AEBITDA loss of $0.9 million.
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19.78%
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Oblong, Inc. (Nasdaq: OBLG) Announces Strategic Shifts and Financial Results
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6.25%
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Oblong Inc

Nasdaq:OBLG

OBLG Rankings

OBLG Stock Data

2.59M
16.65M
0.88%
2.33%
4.78%
Software Publishers
Information
Link
US
Denver

About OBLG

mezzanine™ is our flagship product for innovative workplaces. mezzanine is next-generation visual collaboration technology for the enterprise which amplifies sales presentations, boosts multi-location team work and makes meetings more productive. this new means of sharing information and collaborating is so extraordinary we coined a new term for it: infopresence. it goes beyond telepresence and it is only available with mezzanine. among those using our technologies are ibm, accenture, boeing, cbre, beats music, and harvard school of design. our work was the inspiration for the computers depicted in the film “minority report” and has its roots in more than two decades of research at mit. we believe the era of one human, one mouse, one screen, one machine is giving way to what’s next: a fully shared and unified experience among multiple users, devices, screens, and locations, via a groundbreaking spatial interface. this is what oblong builds. it's why we're here. oblong industries is hea