Oblong Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 11, 2021 at 04:05 pm EDT
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Oblong Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported revenue of USD 2,049,000 against USD 2,816,000 a year ago. Loss from operations was USD 2,478,000 against USD 3,300,000 a year ago. Net loss was USD 2,246,000 against USD 3,385,000 a year ago. Basic and diluted net loss per share was USD 0.08 against USD 0.65 a year ago.
For the year to date, the company reported revenue of USD 3,967,000 against USD 8,144,000 a year ago. Loss from operations was USD 5,889,000 against USD 6,287,000 a year ago. Net loss was USD 5,679,000 against USD 6,514,000 a year ago. Basic and diluted net loss per share was USD 0.29 against USD 1.25 a year ago.
Oblong Inc. is a provider of patented multi-stream collaboration products and managed services for video collaboration and network solutions. The Companyâs flagship product is called Mezzanine, a family of turn-key products that enable dynamic and immersive visual collaboration across multi-users, multi-screens, multi-devices and multi-locations. Mezzanine allows multiple people to share, control and arrange content simultaneously, from any location, enabling all participants to see the same content in its entirety at the same time in identical formats, resulting in enhancements to both in-room and virtual videoconference presentations. The Company has two segments: Collaboration Products and Managed Services. Collaboration Products segment represents the Oblong Industries business surrounding its Mezzanine product offerings. Managed Services segment represents the Oblong business surrounding managed services for video collaboration and network solutions.
OBLONG, INC. 
