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OBLG Oblong

Oblong's innovative and patented technologies change the way people work, create, and communicate. Oblong's flagship product Mezzanine™ is a remote meeting technology platform that offers simultaneous content sharing to achieve situational awareness for both in-room and remote collaborators. Oblong supplies Mezzanine systems to Fortune 500 enterprise customers and is a Cisco Solutions Plus integration partner.

Company profile

Ticker
OBLG
Exchange
Website
CEO
Peter Holst
Employees
Incorporated
Location
Fiscal year end
Former names
GLOWPOINT, INC., GLOWPOINT INC, WIRE ONE TECHNOLOGIES INC
SEC CIK
IRS number
770312442

OBLG stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Oblong earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.03M 4.03M 4.03M 4.03M 4.03M 4.03M
Cash burn (monthly) 417.33K (positive/no burn) 1.14M 875.92K 411.67K 438.75K
Cash used (since last report) 1.71M n/a 4.68M 3.58M 1.68M 1.79M
Cash remaining 2.32M n/a -650.95K 445.85K 2.34M 2.23M
Runway (months of cash) 5.6 n/a -0.6 0.5 5.7 5.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jun 21 Peter Joseph Hawkes Stock Options common stock Grant Aquire A No No 3.25 150,000 487.5K 150,000
22 Dec 20 Richard Ramlall common stock Grant Aquire A No No 4.73 7,500 35.48K 8,132

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

56.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 20 15 +33.3%
Opened positions 10 15 -33.3%
Closed positions 5 0 NEW
Increased positions 4 0 NEW
Reduced positions 1 0 NEW
13F shares
Current Prev Q Change
Total value 83.25M 26.24M +217.3%
Total shares 14.9M 1.5M +893.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Foundry Group Select Fund 6.2M $32.37M NEW
Greenspring Associates 3.69M $25.24M NEW
MS Morgan Stanley 3.43M $17.1M NEW
Special Equities Opportunity Fund 580K $3.39M 0.0%
Alpha Capital Anstalt 386.94K $1.99M 0.0%
Iroquois Capital Management 219.91K $1.28M 0.0%
Flagship Harbor Advisors 116.24K $579K NEW
Geode Capital Management 63.12K $314K +70.6%
Vanguard 61.16K $305K +36.3%
NTRS Northern Trust 26.85K $134K NEW
Largest transactions
Shares Bought/sold Change
Foundry Group Select Fund 6.2M +6.2M NEW
Greenspring Associates 3.69M +3.69M NEW
MS Morgan Stanley 3.43M +3.43M NEW
Renaissance Technologies 18K -137.9K -88.5%
Flagship Harbor Advisors 116.24K +116.24K NEW
FNY Investment Advisers 0 -40K EXIT
NTRS Northern Trust 26.85K +26.85K NEW
Geode Capital Management 63.12K +26.12K +70.6%
Vivaldi Capital Management 25.59K +25.59K NEW
HighTower Advisors 23.11K +23.11K NEW

Financial report summary

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Competition
AT&TMicrosoftTelusLogMeInConvergeOne
Management Discussion
  • As discussed above, on October 1, 2019, the Company acquired Oblong Industries, and Oblong Industries became a wholly owned subsidiary of the Company. Prior to the acquisition of Oblong Industries on October 1, 2019, the Company operated in one segment. Effective October 1, 2019, the former businesses of Glowpoint (now Oblong, Inc.) and Oblong Industries were
  • managed separately during the fourth quarter of 2019 and the year ended December 31, 2020, and involved different products and services. Accordingly, the Company currently operates in two segments: (1) the Oblong (formerly Glowpoint) business which mainly consists of managed services for video collaboration and network and (2) the Oblong Industries business which consists of products and services for visual collaboration technologies.
  • Because the closing of the acquisition of Oblong Industries occurred on October 1, 2019, the Company’s consolidated financial statements as of and for the year ended December 31, 2019 included in this Report only reflect Oblong Industries’ financial results for the fourth quarter of 2019. Certain information concerning the Company’s segments for the years ended December 31, 2020 and 2019, is presented in the following table (in thousands):
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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