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Financial Results | Oblong 2024 Q3 Cumulative Revenue USD 1.82 Million Net Loss USD 3.16 Million
ByAinvest
Friday, Nov 8, 2024 7:00 am ET1min read
Oblong(OBLG) posted the Q3 of its 2024 financial results on 11/7/2024, reporting total revenue of USD 1.82 million in the first three quarters, down 36.67% from USD 2.87 million year over year, reporting net loss of USD 3.16 million in the first three quarters, narrowing 0.13% from USD -3.16 million year over year. The EPS is USD -16.6 in the first three quaters, compare with USD -18.34 last period.
[Detailed Data]
| Million USD | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| Total Revenue | 0.58 | 0.61 | 0.63 | 0.94 |
| Cost of Sales | 0.50 | 0.49 | 0.63 | 0.66 |
| Gross Profit | 0.08 | 0.12 | 0.00 | 0.29 |
| Total Operating Expenses | 1.12 | 1.09 | 1.18 | 1.57 |
| Operating Income | -1.04 | -0.97 | -1.18 | -1.28 |
| Net Income | -1.04 | -0.98 | -1.14 | -1.22 |
| Net Income Attributable to Common Shareholders | -10.03 | -1.00 | -1.18 | -1.28 |
| EPS(USD) | -11.25 | -0.04 | -0.07 | -0.0768 |
[Company Profile]
Oblong, Inc., formed in May 2000 in Delaware.Glowpoint, Inc. is a managed service provider of video collaboration and network applications. Their services are designed to provide a comprehensive suite of automated and concierge applications to simplify the user experience and expedite the adoption of video as the primary means of collaboration. Their customers include Fortune 1000 companies, along with small and medium enterprises in a variety of industries.
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