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Oblong Q1 2024 Earnings Report

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$3.68 +0.07 (+1.94%)
(As of 12/19/2024 05:16 PM ET)

Oblong EPS Results

Actual EPS
-$0.07
Consensus EPS
N/A
Beat/Miss
N/A
One Year Ago EPS
N/A

Oblong Revenue Results

Actual Revenue
$0.63 million
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

Oblong Announcement Details

Quarter
Q1 2024
Time
N/A

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Oblong Earnings Headlines

Oblong reports Q3 revenue $$578K vs $872K last year.
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Why Oblong Shares Are Trading Higher Today
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About Oblong

Oblong (NYSE:OBLG), together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications. The company also provides managed videoconferencing services; and remote service management, which offers an overlay to enterprise information technology and channel partner support organizations, as well as support and management services for customer video environments. In addition, it provides network solutions, including Cloud Connect: Video that allows its customers to outsource the management of their video traffic to them and provides the customer's office locations with a secure, dedicated video network connection to the Oblong Cloud for video communications; Cloud Connect: Converge, which offers customized multiprotocol label switching solutions; and Cloud Connect: Cross Connect that allows the customer to leverage existing carrier for the extension of a Layer 2 private line to its data center. The company serves a range of industries comprising aerospace, consulting, executive search, broadcast media, legal, insurance, technology, financial services, education, healthcare, real estate, retail, construction, hospitality, and others, as well as government sector. Oblong, Inc. is based in Denver, Colorado.

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