Oblong Inc. Company profile
About Oblong Inc
Oblong Inc., formerly Glowpoint, Inc., delivers visual solutions for collaboration and computing environments. The Company’s flagship product Mezzanine is the technology platform that defines the computing: simultaneous multi-user, multi-screen, multi-device, multi-location for dynamic and immersive visual collaboration. The Company’s products include Mezzanine 200 Series, Mezzanine 300 Series, Mezzanine 600 Series and Mezzanine 650 Series. Mezzanine transforms routine meetings and workflows into agile, engaging experiences by making data visible and accessible in a collaborative setting. Mezz-In is a content-sharing experience. Mezzanine enables multiple, concurrent pieces of content to be shared, manipulated, created and captured across distance. It serves various industries, digital business consulting, federal agency, financial services, healthcare, pharmaceutical, marketing and advertising and oil & gas.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Oblong Inc revenues decreased 49% to $5.8M. Net loss applicable to common stockholders decreased 19% to $7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Research and development decrease of 80% to $599K (expense), Sales and marketing decrease of 59% to $1.1M (expense), Interest and other expense.
Equity composition
Common Stock $.0004 Par, 04/11, 150M auth., 21,453,604 issd., Insiders control 9.93%. Preferred Stock Ser.A $.0001 Par,8K auth., 1,097 issd. Preferred Stock Ser.B $.0001 Par, 100K auth., 100 issd. 10/05, Co. delisted from NASDAQ to OTC Pink Sheets. 01/11, 1-for-4 reverse split.
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