Oblong Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 2.93
Dividend & YieldN/A$ (N/A)
Beta 3.04
Market capitalization 3.88M
Operating cash flow -6.65M
ESG Scores unknown

Company description

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 provides 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 offers network services comprising 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; and resells video equipment to its customers. Oblong, Inc. is based in Conifer, Colorado.

Sector: Technology - Industry: Software—Application

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -4.94M -244k -513k -613k
Total Cashflows From Investing Activities -465.03k 2.15M -31k -49k
Net Borrowings 197.22k -83k -83k
Total Cash From Financing Activities 9.69M 3.7M 7.27M 11.5M
Change To Operating Activities -900.98k 104k -1.31M -1.33M
Issuance Of Stock 7.3k 7.37M 7.37M 11.5M
Net Income -17.85M -7.76M -7.42M -9.05M
Change In Cash -6.04M 2.6M 675k 3.72M
Effect Of Exchange Rate -51.47k
Total Cash From Operating Activities -15.21M -3.25M -6.57M -7.73M
Depreciation 1.46M 817k 4.69M 3.23M
Change To Account Receivables 6.08M 780k -792k 2M
Other Cashflows From Financing Activities -57.63k -16k -16k
Change To Netincome 1.25M 2.44M -1.54M -1.06M
Capital Expenditures -200.69k -45k -38k -50k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 7.75M 2.02M 3.71M 2.91M
Income Before Tax -17.84M -7.76M -7.32M -9.14M
Net Income -17.85M -7.76M -7.42M -9.05M
Selling General Administrative 21.07M 6.84M 10.12M 8.56M
Gross Profit 12.75M 5.4M 8.05M 2.72M
Ebit -17.41M -4.79M -8.91M -11.49M
Operating Income -17.41M -4.79M -8.91M -11.49M
Interest Expense -129.16k -187k -352k -22k
Income Tax Expense 10.05k 103k -90k
Total Revenue 17.25M 12.83M 15.33M 7.74M
Cost Of Revenue 4.5M 7.43M 7.28M 5.02M
Total Other Income ExpenseNet -434.49k -2.97M 1.6M 2.35M
Net Income From Continuing Ops -17.85M -7.76M -7.42M -9.05M
Net Income Applicable To Common Shares -17.85M -7.79M -8.23M -9.76M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 10.76M 13.12M 7.09M 3.11M
Total Stockholder Equity -62.46M 21.79M 22.06M 25.5M
Other Current Liabilities 3.13M 2M 1.49M 1.02M
Total Assets 20.06M 34.91M 29.14M 28.61M
Common Stock 2.73k 1k 1k 3k
Other Current Assets 93.15k 417k 186k 802k
Retained Earnings -105.67M -185.43M -192.85M -201.91M
Treasury Stock -393.99k -165k -181k -181k
Cash 8.55M 4.6M 5.06M 8.94M
Total Current Liabilities 5.28M 8.26M 5.58M 2.49M
Other Stockholder Equity -393.99k
Property, Plant, and Equipment 1.8M 4.43M 1.48M 818k
Total Current Assets 13.55M 9.93M 9.99M 12.75M
Net Tangible Assets -66.91M 1.3M 4.55M 10.57M
Net Receivables 2.23M 2.54M 3.17M 849k
Accounts Payable 550.42k 647k 313k 259k


Insider Transactions

Here are the insider transactions of stock shares related to Oblong Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LUSK JAMES SStock Award(Grant) at price 2.19 per share.D2021-08-18Director50k
ADELMAN JASON TStock Award(Grant) at price 2.19 per share.D2021-08-18Director150k
RAMLALL RICHARD RStock Award(Grant) at price 4.73 per share.D2020-12-22Director7.5k
CLARK DAVID CStock Award(Grant) at price 1.07 per share.D2020-06-04Chief Financial Officer11.67k
ADELMAN JASON TPurchase at price 0.89 - 0.93 per share.D2020-04-22Director20k
ADELMAN JASON TPurchase at price 1.31 - 1.47 per share.D2020-03-20Director10k
GIANGANO DAVIDStock Award(Grant) at price 1.00 per share.D2019-10-01Director2.5k
HOLST PETER JStock Award(Grant) at price 1.46 per share.D2019-05-02Chief Executive Officer33.33k
CLARK DAVID CStock Award(Grant) at price 1.46 per share.D2019-05-02Chief Financial Officer22.33k
LUSK JAMES SStock Award(Grant) at price 0.19 per share.D2018-05-31Director25k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.19 per share.D2018-05-31Director25k
ARCHER KENNETHStock Award(Grant) at price 0.19 per share.D2018-05-31Director25k
GIANGANO DAVIDStock Award(Grant) at price 0.19 per share.D2018-05-31Director25k
LUSK JAMES SStock Award(Grant) at price 0.21 per share.D2018-04-13Director25k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.21 per share.D2018-04-13Director25k
ARCHER KENNETHStock Award(Grant) at price 0.21 per share.D2018-04-13Director25k
CLARK DAVID CStock Award(Grant) at price 0.21 per share.D2018-04-13Chief Financial Officer116.67k
GIANGANO DAVIDStock Award(Grant) at price 0.21 per share.D2018-04-13Director25k
HOLST PETER JD2017-07-31Chief Executive Officer1.81M
LUSK JAMES SStock Award(Grant) at price 0.34 per share.D2016-05-26Director117.65k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.34 per share.D2016-05-26Director117.65k
ARCHER KENNETHStock Award(Grant) at price 0.34 per share.D2016-05-26Director117.65k
GIANGANO DAVIDStock Award(Grant) at price 0.34 per share.D2016-05-26Director117.65k
LUSK JAMES SStock Award(Grant) at price 0.49 per share.D2016-02-01Director15k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.49 per share.D2016-02-01Director75k
ARCHER KENNETHStock Award(Grant) at price 0.49 per share.D2016-02-01Director15k
GIANGANO DAVIDStock Award(Grant) at price 0.49 per share.D2016-02-01Director25k
HOLST PETER JD2016-01-26Chief Executive Officer108.74k
CLARK DAVID CD2016-01-26Chief Financial Officer61.26k
LUSK JAMES SStock Award(Grant) at price 0.80 per share.D2015-05-28Director50k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.80 per share.D2015-05-28Director50k
ARCHER KENNETHStock Award(Grant) at price 0.80 per share.D2015-05-28Director50k
GIANGANO DAVIDStock Award(Grant) at price 0.80 per share.D2015-05-28Director50k
ILES GARYStock Award(Grant) at price 0.99 per share.D2015-03-03Officer20k
HOLST PETER JStock Award(Grant) at price 1.04 per share.D2015-02-04Chief Executive Officer250k
CLARK DAVID CStock Award(Grant) at price 1.04 per share.D2015-02-04Chief Financial Officer80k
GIANGANO DAVIDStock Award(Grant) at price 1.04 per share.D2015-02-04Director12.01k
LUSK JAMES SStock Award(Grant) at price 1.05 per share.D2015-01-27Director56.39k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 1.05 per share.D2015-01-27Director62.24k
ARCHER KENNETHStock Award(Grant) at price 1.05 per share.D2015-01-27Director56.39k
COHEN JAMES HUGHStock Award(Grant) at price 1.05 per share.D2015-01-27Director57.24k
LUSK JAMES SStock Award(Grant) at price 0.00 per share.D2014-05-28Director25.32k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.00 per share.D2014-05-28Director25.32k
ARCHER KENNETHStock Award(Grant) at price 0.00 per share.D2014-05-28Director25.32k
COHEN JAMES HUGHStock Award(Grant) at price 0.00 per share.D2014-05-28Director25.32k
LOMBARDI PATRICK JOSEPHStock Award(Grant) at price 0.00 per share.D2014-04-21Director4.04k
COHEN JAMES HUGHStock Award(Grant) at price 0.00 per share.D2014-04-21Director4.04k
HOLST PETER JStock Award(Grant) at price 0.00 per share.D2014-03-07Chief Executive Officer62.26k
CLARK DAVID CStock Award(Grant) at price 0.00 per share.D2014-03-07Chief Financial Officer35.12k
DELUCA JON ANDREStock Award(Grant) at price 0.00 per share.D2014-01-02Director9.29k
DELUCA JON ANDREStock Award(Grant) at price 0.00 per share.D2013-10-04Director24.14k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Oblong Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Oblong Inc

Here is the result of two systematic investment strategies applied to Oblong Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Oblong Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Oblong Inc:

Oblong Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -45.55% on the backtest period.

Performance at glance

Performance

-45.55 %

Latent gain

-342.38 $

Invested capital

751.58 $

Annualized return

-30.78 %
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Momentum strategy results on Oblong Inc

This is the result of two momentum investment strategies applied to Oblong Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Oblong Inc

The following chart shows all the entries opened by the momentum investment system on Oblong Inc:

Oblong Inc momentum entries
  • The first momentum investment strategy would give -41.54% of return on Oblong Inc. That represents -728.14$ of latent gain with 1752.69$ of employed capital.
  • The second momentum investment strategy would give -51.58% of return on Oblong Inc. That represents -515.22$ of latent gain with 998.82$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-41.54 %

Latent gain

-728.14 $

Invested capital

1752.69 $

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-51.58 %

Latent gain

-515.22 $

Invested capital

998.82 $

Annualized return

-51.58 %

Momentum equity curve on Oblong Inc

The following chart shows the equity curve of the two momentum strategies applied to Oblong Inc:

Oblong Inc momentum equity

Note: the dividends potentially given by Oblong Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Oblong Inc

The following chart shows the employed capital evolution of the two momentum strategies on Oblong Inc since the beginning:

Oblong Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Oblong Inc

Buy the dip entry openings on Oblong Inc

Oblong Inc

The performance achieved by the robo-advisor on Oblong Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Oblong Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Oblong Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Equity curve of the strategy applied to Oblong Inc

The following chart shows the result of the investment strategy applied to Oblong Inc:

Oblong Inc

Note: the dividends potentially given by Oblong Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Oblong Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Oblong Inc:

Oblong Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Oblong Inc

In this section, I will compare the three previous investment strategies applied to Oblong Inc.

Equity curve comparison on Oblong Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Oblong Inc investment strategy comparison

Employed capital comparison on Oblong Inc

Oblong Inc investment comparison

Performance comparison on Oblong Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -45.55% -342.38$ 751.58$ -30.78%
Momentum 1 quarter -41.54% -728.14$ 1752.69$ -33.5%
Momentum 2 quarters -51.58% -515.22$ 998.82$ -51.58%
Non-directional 0% 0.0$ 0.0$ -0.0%
Annualized return comparison

Automatic investment

-30.78 %

Momentum 1Q

-51.58 %

Momentum 2Q

-51.58 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Oblong Inc:

Positive correlations

Most correlated stocks this year

  • Oblong Inc

  • Most correlated stocks last 3 months

  • HANVEY GROUP
  • Oblong Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • WD-40 Company

  • Note: The algorithm computes the probability of correlation between Oblong Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Oblong Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Oblong Inc
    Country United States
    City Conifer
    Address 25587 Conifer Road
    Phone 303 640 3838
    Website www.oblong.com
    FullTime employees 47
    Industry Software—Application
    Sector Technology
    Exchange XNYS
    Ticker OBLG
    Market www.nyse.com

    Oblong Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown