Welcome to our dedicated page for Oblong news (Ticker: OBLG), a resource for investors and traders seeking the latest updates and insights on Oblong stock.
Oblong Inc (OBLG) pioneers next-generation visual collaboration solutions through its Mezzanine platform, redefining enterprise communication. This dedicated news hub provides investors and professionals with timely updates on financial developments, technology advancements, and strategic initiatives.
Access verified press releases covering earnings reports, product enhancements, partnership announcements, and operational milestones. Our curated collection ensures efficient tracking of Oblong's progress in spatial computing and multi-stream collaboration technologies.
Key updates include Mezzanine platform innovations, enterprise client deployments, and financial performance metrics. Bookmark this page for direct access to primary source materials that inform strategic analysis of OBLG's market position.
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.
Oblong, Inc. (Nasdaq: OBLG) reported its Q1 2021 financial results, revealing a total revenue of $1.9 million, down from $5.3 million in Q1 2020. Product sales for the Mezzanine™ collaboration suite experienced a significant decline to $0.3 million from $1.7 million. The net loss expanded to $3.4 million, compared to $3.1 million the previous year. The gross profit margin fell to 33% versus 55% in Q1 2020. Despite the challenges, Oblong remains optimistic about future growth as companies prepare for a return to office environments, emphasizing the importance of its upcoming Mezzanine Cloud product.
Oblong, Inc. (Nasdaq: OBLG) will release its first quarter results on May 13, 2021, after market close. A conference call will follow at 4:30 PM ET, featuring CEO Peter Holst and CFO David Clark. U.S. callers can dial 1-866-269-4262, while international participants can use 1-856-344-9207. The conference ID is 7727484. A live webcast will also be available. A replay of the call can be accessed for two weeks following the event.
Oblong is known for its innovative collaboration technologies, particularly the Mezzanine™ platform utilized by Fortune 500 companies.
Oblong, Inc. (Nasdaq: OBLG) announces its participation in several upcoming investor conferences over the next 60 days. Key dates include:
- May 13-14: Benzinga Virtual Global Small Cap Conference
- May 20: NYC Microcap Conference Sidoti & Company
- May 25-27: Money Show Accredited Investors Virtual Expo
- June 9-10: LD Microcap Invitational Conference in Los Angeles
Chairman and CEO Pete Holst will present, and all presentations will be webcast live. Oblong specializes in innovative technologies, notably the Mezzanine™ platform.
Oblong, Inc. (Nasdaq: OBLG) announced its fourth quarter and fiscal year 2020 results, showcasing strong financial growth. Q4 product sales surged over 50% sequentially to $1.6 million, while total revenue rose over 20% to $3.9 million. The gross profit margin improved to 59%. Oblong reported a net income of $1.2 million, contrasting with previous quarters' losses. The company also noted a non-cash gain of $3.1 million from debt extinguishment. With a cash balance of $5.3 million, Oblong entered 2021 optimistic about its Mezzanine™ collaboration suite.
Oblong, Inc. (Nasdaq: OBLG) will announce its fourth-quarter and year-end results for 2020 on March 30, 2021, post-market close. The company will hold a conference call at 4:30 PM ET, featuring CEO Peter Holst and CFO David Clark. Interested participants can join via U.S. and international dial-in numbers, as well as through a live webcast. A replay of the call will be available for two weeks following the event. Oblong specializes in collaboration solutions, with its flagship product, Mezzanine™, serving Fortune 500 clients.
Oblong (Nasdaq: OBLG) reported preliminary unaudited financial results for Q4 2020, indicating a significant turnaround. Product sales from the Mezzanine™ collaboration suite surged over 50% sequentially to $1.6 million, and total revenue increased more than 20% to $3.9 million. Gross profit margin rose to 57%, and the company achieved a net income of $1.4 million, compared to losses in previous quarters. Oblong also reported a cash balance of $5.3 million and no debt, apart from a $2.4 million PPP loan expected to be forgiven.
Oblong, Inc. (NYSE American: OBLG) is transferring its stock listing to the Nasdaq Capital Market effective February 11, 2021. This transition simplifies its capital structure by converting preferred shares to common shares. Oblong leverages a strong partnership with Cisco and innovative technology solutions to serve Fortune 500 clients, enhancing remote collaboration. CEO Peter Holst emphasized that the Nasdaq listing aligns with their growth strategy and is expected to boost investor engagement. The Mezzanine™ product suite addresses the increasing demand for remote work solutions, offering collaborative experiences.
Oblong, Inc. (NYSE American: OBLG) has received a new Cisco Certification for its Mezzanine™ solution in the Content Experiences category. This certification enhances the Webex video device user experience by enabling simultaneous sharing of up to 10 live content streams, promoting engagement among distributed teams. The integration also allows remote participants to join seamlessly. Oblong emphasizes that their technology accelerates innovation by bridging physical and digital interactions, improving decision-making processes.
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