Oblong Inc Stock Price, News & Analysis

Oblong, Inc. (Nasdaq: OBLG) announced that it will release its third-quarter results on November 10, 2021, after market close. A conference call is scheduled on the same day at 4:30 P.M. ET, with participation from CEO Peter Holst and CFO David Clark. Dial-in options include 1-888-394-8218 for U.S. callers and 1-856-344-9221 for international participants. The call will be accessible via a live webcast. A replay will be available for two weeks post-call. Oblong specializes in collaborative technology solutions, notably its product Mezzanine™.

Oblong, Inc. (NASDAQ: OBLG) announced its participation in the Dawson James Small Cap Growth Conference on October 21st, 2021, at 9:45 a.m. ET in Jupiter, Florida. CEO Peter Holst and CFO David Clark will discuss innovative multi-stream collaboration solutions and how Oblong is enhancing the future of work. Investors can access the live webcast on Oblong's website. Oblong’s flagship product, Mezzanine™, offers unique remote meeting technology for Fortune 500 clients, promoting effective communication and collaboration.

Oblong (Nasdaq: OBLG) reported Q2 2021 results with total revenue of $2.0 million, down from $2.8 million in Q2 2020. Product sales from the Mezzanine™ suite grew to $0.5 million compared to $0.4 million last year. The company recorded a net loss of $2.2 million, improved from $3.4 million the previous year. Oblong raised $11.5 million from equity financing and had a cash balance of $13.1 million with no debt. The company plans to focus on the development of hybrid workspace solutions amid ongoing demand for collaboration tools.

Oblong (Nasdaq: OBLG) appointed Matt Blumberg and Debby Meredith as independent directors, effective August 16, 2021. Blumberg will join the Audit and Nominating Committees, while Meredith will serve on the Compensation and Nominating Committees. Following these appointments, Oblong's board will consist of five directors, with four being independent. CEO Pete Holst emphasized their strategic expertise, which is expected to aid Oblong's growth and the commercialization of its cloud-based collaboration solutions.

Oblong, Inc. (Nasdaq: OBLG) announced it will release its second quarter results for the period ending June 30, 2021, on August 11, 2021, post market close. A conference call is scheduled for the same day at 4:30 P.M. ET, with participation from CEO Peter Holst and CFO David Clark. The call will be accessible via telephone and live webcast. A replay will be available for two weeks after the call. Oblong specializes in multi-stream collaboration solutions, with its flagship product, Mezzanine™, catering to Fortune 500 companies.

Oblong, Inc. (Nasdaq: OBLG) announced its Mezzanine product has been chosen by a leading entertainment company to enhance meeting spaces as 8,000 employees return to the office. CEO Pete Holst emphasized Mezzanine's role in transforming workspaces for better collaboration. The product is currently deployed in Los Angeles and Los Gatos, California. As workplaces evolve post-pandemic, demand for innovative collaboration tools rises, driven by factors such as varying vaccination rates and flexible work configurations. Oblong's technologies aim to support effective teamwork across diverse environments.

Oblong, Inc. (Nasdaq: OBLG) will present at the Access to Giving Virtual Conference on July 14, 2021, at 2 p.m. ET. The free conference allows companies to share their stories and meet with qualified investors, aimed at raising funds for charity. Oblong's Chairman and CEO, Pete Holst, will lead the presentation. Oblong specializes in innovative technologies for collaboration, including the Mezzanine™ remote meeting platform. Interested participants can register for the conference and schedule one-on-one meetings with Oblong management.

Oblong, Inc. (Nasdaq: OBLG) announced a registered direct offering of 4,000,000 shares at $3.10 per share, raising estimated gross proceeds of $12.4 million. The company will also issue Series A and Series B warrants for additional capital. Series A warrants permit the purchase of 1,000,000 shares at $4.00, and Series B warrants allow for 3,000,000 shares at $4.40, potentially generating up to $17.2 million more. Proceeds will be used for general corporate purposes. Closing is expected around June 30, 2021, pending customary conditions.

Oblong (Nasdaq: OBLG) will join the Russell Microcap® Index after the annual reconstitution, effective June 28, 2021. This selection enhances the company's visibility among investors and access to a broader audience for its strategies and initiatives. The Russell indexes are widely utilized by investment managers, with approximately $10.6 trillion in assets benchmarked against them. Oblong is recognized for its innovative collaboration solutions, including the Mezzanine™ platform, which serves Fortune 500 companies.