OBLG - Oblong Inc Stock Price, Fair Value and News

0.16USD-0.02 (-11.11%)Delayed

Market Summary

USD0.16-0.02

Delayed

-11.11%

OBLG Stock Price

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OBLG RSI Chart

OBLG Valuation

Market Cap

3.2M

Price/Earnings (Trailing)

-0.75

Price/Sales (Trailing)

0.96

EV/EBITDA

0.52

Price/Free Cashflow

-1.17

OBLG Price/Sales (Trailing)

OBLG Profitability

EBT Margin

-126.90%

Return on Equity

-97%

Return on Assets

-72.47%

Free Cashflow Yield

-85.62%

OBLG Fundamentals

OBLG Revenue

Revenue (TTM)

3.4M

Rev. Growth (Yr)

-39.69%

Rev. Growth (Qtr)

-33.69%

OBLG Earnings

Earnings (TTM)

-4.3M

Earnings Growth (Yr)

6.81%

Earnings Growth (Qtr)

6.96%

Breaking Down OBLG Revenue

Last 7 days

45.5%

Last 30 days

23.1%

Last 90 days

-15.8%

Trailing 12 Months

-89.3%

How does OBLG drawdown profile look like?

OBLG Financial Health

Current Ratio

3.98

OBLG Investor Care

Shares Dilution (1Y)

686.19%

Diluted EPS (TTM)

-0.5

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.4M	0	0	0
2023	5.0M	4.6M	4.3M	3.8M
2022	7.4M	6.6M	6.0M	5.5M
2021	23.3M	22.6M	21.1M	7.7M
2020	15.6M	15.9M	16.8M	26.7M
2019	11.7M	10.8M	10.3M	12.8M
2018	14.2M	13.6M	13.1M	12.6M
2017	17.8M	16.5M	15.7M	14.8M
2016	23.9M	22.5M	20.6M	19.2M
2015	31.3M	29.4M	27.6M	25.5M
2014	32.9M	32.7M	32.3M	32.2M
2013	30.8M	32.8M	34.5M	33.5M
2012	27.6M	27.4M	27.1M	29.1M
2011	27.6M	27.7M	27.7M	27.8M
2010	0	0	0	27.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Oblong Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Oct 24, 2023	adelman jason t	sold	-9,655	0.185	-52,191	-
Jul 03, 2023	foundry group select fund, l.p.	sold	-	-	-321,759	-
Jul 03, 2023	foundry group select fund, l.p.	sold	-	-	-85,017	-
Jun 16, 2023	meredith deborah jean	sold	-10,503	1.4246	-7,373	-
Jun 15, 2023	meredith deborah jean	sold	-5,530	1.5065	-3,671	-
Jun 14, 2023	meredith deborah jean	sold	-10,795	1.6467	-6,556	-
Jun 13, 2023	meredith deborah jean	sold	-10,490	1.6162	-6,491	-
Jun 12, 2023	meredith deborah jean	sold	-491	1.6367	-300	-
Jun 06, 2023	meredith deborah jean	sold	-16,218	1.6218	-10,000	-
Jun 05, 2023	adelman jason t	sold	-6,225	1.61	-3,867	-

Which funds bought or sold OBLG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-7,583	-	-%
May 15, 2024	Stone House Investment Management, LLC	unchanged	-	-	-	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	2.74	-557	1,336	-%
May 15, 2024	TWO SIGMA SECURITIES, LLC	new	-	2,339	2,339	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-2,954	-	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-69.22	-7,359	1,975	-%
May 14, 2024	NewEdge Advisors, LLC	unchanged	-	-441	967	-%
May 13, 2024	XTX Topco Ltd	new	-	3,850	3,850	-%
May 13, 2024	UBS Group AG	added	121,011	29,283	29,318	-%
May 13, 2024	HRT FINANCIAL LP	new	-	8,000	8,000	-%

Are Funds Buying or Selling OBLG?

Are funds buying OBLG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OBLG

No. of Funds

Unveiling Oblong Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 12, 2024	stepstone group lp	0%	0	SC 13G/A
Jul 05, 2023	foundry group select fund, l.p.	1.04%	24,215	SC 13D/A
May 10, 2023	morgan stanley	2.2%	57,573	SC 13G/A
Feb 23, 2022	iroquois capital management, llc	2.39%	754,656	SC 13G/A
Feb 11, 2022	stepstone group lp	12.0%	3,692,661	SC 13G/A
Feb 11, 2022	morgan stanley	9.5%	3,416,345	SC 13G
Oct 08, 2021	stepstone group lp	12.1%	3,692,661	SC 13G/A
Feb 22, 2021	foundry group select fund, l.p.	6.2%	1,638,474	SC 13D
Feb 12, 2021	greenspring associates, llc	5.8%	1,554,541	SC 13G
Jan 21, 2021	alpha capital anstalt	4.99%	386,939	SC 13G/A

Recent SEC filings of Oblong Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
Mar 22, 2024	8-K	Current Report
Mar 20, 2024	8-K	Current Report
Mar 19, 2024	8-K	Current Report
Mar 19, 2024	10-K	Annual Report
Feb 12, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Oblong Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	277.0B	34.9B	3.35%	33.87%	66.98	7.95	11.18%	1888.46%
UBER	137.2B	38.6B	-8.72%	67.31%	98.72	3.56	14.01%	141.26%
ADSK	47.3B	5.3B	2.96%	8.03%	51.62	8.85	9.15%	48.14%
ANSS	28.6B	2.2B	0.65%	6.79%	65.84	12.85	3.59%	-21.47%
ZM	19.3B	4.5B	8.62%	-7.71%	30.27	4.26	3.06%	514.65%
MID-CAP
APPF	8.7B	671.8M	11.01%	66.39%	113.53	12.92	33.64%	185.98%
LYFT	6.7B	4.7B	-3.99%	99.28%	-36.23	1.43	10.90%	88.31%
ALRM	3.5B	895.2M	7.46%	35.00%	38.7	3.87	5.72%	46.94%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	3.2B	296.4M	28.11%	-1.60%	-11.7	10.73	11.14%	-3.59%
AGYS	2.7B	228.1M	21.43%	43.87%	31.34	11.99	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	256.1M	31.6M	76.57%	260.07%	-43.61	8.1	2.76%	43.72%
APPS	253.0M	572.4M	33.33%	-82.31%	-1.28	0.44	-19.38%	-489.49%
ASUR	193.1M	117.7M	5.95%	-44.01%	-19.58	1.64	12.54%	11.24%

Oblong Inc News

Latest updates

Oblong Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-33.7%	626,000	944,000	872,000	956,000	1,038,000	1,426,000	1,185,000	1,333,000	1,532,000	1,973,000	1,799,000	2,049,000	1,918,000	15,333,000	3,266,000	2,816,000	5,328,000	5,424,000	2,370,000	2,439,000	2,594,000
Gross Profit	-101.0%	-3,000	289,000	224,000	122,000	276,000	296,000	344,000	407,000	499,000	719,000	571,000	800,000	628,000	8,053,000	1,654,000	1,133,000	2,954,000	2,898,000	788,000	795,000	919,000
Costs and Expenses	-24.5%	1,181,000	1,565,000	1,149,000	1,213,000	1,479,000	1,569,000	7,504,000	9,440,000	5,021,000	3,513,000	3,682,000	3,278,000	4,039,000	18,117,000	3,644,000	4,433,000	5,931,000	8,360,000	1,428,000	1,669,000	1,517,000
S&GA Expenses	107.2%	54,000	-749,500	81,000	1,577,000	218,000	270,000	282,000	317,000	562,000	658,000	438,000	572,000	527,000	677,000	668,000	834,000	1,220,000	1,825,000	38,000	40,000	33,000
R&D Expenses	1150.0%	50,000	4,000	5,000	5,000	6,000	65,000	232,000	398,000	1,004,000	929,000	693,000	599,000	692,000	649,000	747,000	988,000	1,327,000	1,371,000	190,000	249,000	213,000
EBITDA Margin	-13.2%	-1.19	-1.05	-0.93	-2.12	-3.46	-3.66	-3.49	-2.18	-1.03	-0.83	-0.51	-0.53	-0.56	-	-	-	-	-	-	-	-
Interest Expenses	150.0%	5,000	2,000	9,000	7,000	2,000	-	1,000	6,000	-	7,000	-	2,000	-	54,000	63,000	6,000	90,000	105,000	-	-	-
Income Taxes	100.0%	-	-11,000	-	-	38,000	-15,000	-3,000	-	11,000	-90,000	-	-	-	103,000	-	-	-	-	-	-	-
Earnings Before Taxes	7.8%	-1,136,000	-1,232,000	-895,000	-1,049,000	-1,181,000	-1,232,000	-7,155,000	-9,033,000	-4,528,000	-2,800,000	-662,000	-2,246,000	-3,433,000	-7,318,000	-2,085,000	-3,385,000	-3,129,000	-	-	-	-
EBT Margin	-11.0%	-1.27	-1.14	-1.02	-2.31	-3.73	-4.01	-3.90	-2.56	-1.39	-1.18	-0.65	-0.67	-0.70	-	-	-	-	-	-	-	-
Net Income	7.0%	-1,136,000	-1,221,000	-895,000	-1,049,000	-1,219,000	-1,217,000	-7,152,000	-9,033,000	-4,539,000	-2,710,000	-662,000	-2,246,000	-3,433,000	-7,421,000	-2,085,000	-3,385,000	-3,129,000	-5,648,000	-640,000	-875,000	-598,000
Net Income Margin	-10.0%	-1.27	-1.15	-1.02	-2.31	-3.74	-4.01	-3.89	-2.55	-1.38	-1.17	-0.65	-0.67	-0.70	-	-	-	-	-	-	-	-
Free Cashflow	10.6%	-630,000	-705,000	-106,000	-1,338,000	-844,000	-1,058,000	-965,000	-1,507,000	-2,415,000	-1,796,000	-2,299,000	-2,435,000	-1,252,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-14.3%	5,935	6,925	7,979	8,873	6,338	5,661	7,364	14,570	24,229	28,607	31,698	34,937	26,671	29,143	27,242	29,293	31,953	34,909	5,878	6,268	7,611
Current Assets	-14.1%	5,923	6,896	7,577	8,354	5,687	4,872	6,395	7,826	10,300	12,751	15,369	17,565	8,445	9,993	6,728	7,764	8,805	9,926	2,736	2,934	3,650
Cash Equivalents	-10.5%	5,360	5,990	6,766	6,872	3,714	3,085	4,143	5,107	6,586	9,000	10,795	13,094	4,025	5,277	2,670	4,141	2,059	4,602	1,271	987	1,589
Inventory	-46.9%	127	239	324	402	634	723	1,027	1,078	1,718	1,821	1,856	2,125	1,494	920	1,126	1,344	1,439	1,816	-	-	-
Net PPE	-	-	-	-	-	3.00	3.00	25.00	75.00	122	159	198	307	430	573	641	910	1,091	1,316	359	492	610
Goodwill	-	-	-	-	-	-	-	-	-	6,229	7,367	7,367	7,367	7,367	7,367	7,366	7,366	7,366	7,908	7,366	2,342	2,795
Liabilities	5.4%	1,501	1,424	1,318	1,258	2,436	2,044	2,561	2,646	3,303	3,110	3,553	6,632	7,740	7,086	13,897	13,886	13,178	13,124	-	-	-
Current Liabilities	6.4%	1,487	1,398	1,280	1,201	2,352	1,913	2,366	2,365	2,831	2,493	2,959	3,566	6,756	5,575	9,973	8,519	9,700	8,258	1,168	912	1,366
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	2,417	2,014	4,942	3,665	3,550	2,664	-	-	-
Shareholder's Equity	-19.4%	4,434	5,501	6,661	7,615	3,902	3,617	4,803	11,924	20,926	25,497	28,145	28,305	18,931	22,057	13,345	15,407	18,775	21,785	4,710	5,356	6,245
Retained Earnings	-0.5%	-229,367	-228,231	-227,010	-226,115	-225,066	-223,847	-222,630	-215,478	-206,445	-201,906	-199,196	-198,534	-196,288	-192,855	-194,033	-191,948	-188,563	-185,434	-179,786	-179,146	-178,271
Additional Paid-In Capital	0.0%	233,980	233,911	233,852	233,911	229,149	227,645	227,611	227,580	227,549	227,584	227,519	227,017	215,397	215,092	207,558	207,535	207,509	207,383	184,660	184,650	185,008
Shares Outstanding	21.6%	20,286	16,685	4,287	2,729	2,063	2,063	2,065	2,065	2,065	2,054	1,675	1,483	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	3,002	-	-	-	5,674	-	-	-	50,293	-	-	-	6,483	-	-	-	5,057	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	10.6%	-630	-705	-106	-1,338	-844	-1,058	-965	-1,507	-2,404	-1,776	-2,286	-2,435	-1,235	-2,241	-1,468	-321	-2,536	-2,585	300	-560	-408
Share Based Compensation	0%	31.00	31.00	31.00	411	31.00	32.00	31.00	31.00	52.00	62.00	502	-	33.00	109	28.00	29.00	32.00	43.00	14.00	24.00	29.00
Cashflow From Investing	-	-	-	-	-	-	-	1.00	28.00	-10.00	-19.00	-13.00	-	-17.00	-23.00	-3.00	-5.00	-	2,166	-	-8.00	-9.00
Cashflow From Financing	100.0%	-	-71.00	-	4,496	1,473	-	-	-	-	-	-	11,504	-	4,871	-	2,408	-7.00	3,750	-16.00	-34.00	-1.00
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16.00	-	9.00	7.00	-	16.00	34.00	1.00

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OBLG Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 626	$ 1,038
Cost of revenue (exclusive of depreciation and amortization)	629	762
Gross profit	(3)	276
Operating expenses:
Research and development	50	6
Sales and marketing	54	218
General and administrative	1,077	1,169
Depreciation and amortization	0	86
Total operating expenses	1,181	1,479
Loss from operations	(1,184)	(1,203)
Interest and other expense, net	0	5
Other income	(48)	(27)
Interest and other income, net	(48)	(22)
Loss before income taxes	(1,136)	(1,181)
Income tax expense	0	38
Net loss	(1,136)	(1,219)
Preferred stock dividends	44	0
Warrant modification	0	25
Net loss attributable to common stockholders	$ (1,180)	$ (1,244)
Net loss attributable to common stockholders per share:
Basic net loss per share (in dollars per share)	$ (0.07)	$ (0.60)
Diluted net loss per share (in dollars per share)	$ (0.07)	$ (0.60)
Weighted-average number of shares of common stock:
Basic (in shares)	17,123	2,065
Diluted (in shares)	17,123	2,065

OBLG Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 5,360,000	$ 5,990,000
Accounts receivable, net	15,000	424,000
Inventory, net	127,000	239,000
Prepaid expenses and other current assets	421,000	243,000
Total current assets	5,923,000	6,896,000
Operating lease - right of use asset, net	0	17,000
Other assets	12,000	12,000
Total assets	5,935,000	6,925,000
Current liabilities:
Accounts payable	351,000	211,000
Accrued expenses and other current liabilities	1,031,000	1,038,000
Current portion of deferred revenue	105,000	132,000
Operating lease liabilities	0	17,000
Total current liabilities	1,487,000	1,398,000
Long-term liabilities:
Deferred revenue, net of current portion	14,000	26,000
Total liabilities	1,501,000	1,424,000
Commitments and contingencies (see Note 9)
Stockholders’ equity:
Preferred stock Series F, convertible; $.0001 par value; $1,102,150 stated value; 42,000 shares authorized, 1,008 and 1,930 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	0	0
Common stock, $.0001 par value; 150,000,000 shares authorized; 20,294,228 shares issued and 20,285,675 outstanding at March 31, 2024 and 16,692,124 shares issued and 16,683,572 shares outstanding at December 31, 2023	2,000	2,000
Treasury stock, 8,000 shares of common stock	(181,000)	(181,000)
Additional paid-in capital	233,980,000	233,911,000
Accumulated deficit	(229,367,000)	(228,231,000)
Total stockholders' equity	4,434,000	5,501,000
Total liabilities and stockholders’ equity	$ 5,935,000	$ 6,925,000

About Oblong Inc

Oblong, Inc., 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. Further, it provides professional services, such as software development, visual and interaction design, engineering, and project support services. 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 Conifer, Colorado.

CEO	Mr. Peter J. Holst
WEBSITE	oblong.com
INDUSTRY	Software - Apps
EMPLOYEES	22

Oblong Inc Frequently Asked Questions

What is the ticker symbol for Oblong Inc? What does OBLG stand for in stocks?

OBLG is the stock ticker symbol of Oblong Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Oblong Inc (OBLG)?

As of Fri May 17 2024, market cap of Oblong Inc is 3.25 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OBLG stock?

You can check OBLG's fair value in chart for subscribers.

What is the fair value of OBLG stock?

You can check OBLG's fair value in chart for subscribers. The fair value of Oblong Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Oblong Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OBLG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Oblong Inc a good stock to buy?

The fair value guage provides a quick view whether OBLG is over valued or under valued. Whether Oblong Inc is cheap or expensive depends on the assumptions which impact Oblong Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OBLG.

What is Oblong Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, OBLG's PE ratio (Price to Earnings) is -0.75 and Price to Sales (PS) ratio is 0.96. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OBLG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Oblong Inc's stock?

In the past 10 years, Oblong Inc has provided -0.518 (multiply by 100 for percentage) rate of return.