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For the three months ended 31 March 2022, Oblong Inc revenues decreased 20% to $1.5M. Net loss applicable to common stockholders increased 11% to $4.5M. Revenues reflect Oblong (formerly Glowpoint) segment decrease of 19% to $966K, Oblong Industries segment decrease of 22% to $566K, Foreign segment decrease of 24% to $689K, Domestic segment decrease of 17% to $843K. Higher net loss reflects Impairment charges increase from $31K to $1.1M (expense).
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Revenue | 1.53 | 1.97 | 1.8 | 2.05 |
Gross Profit | 0.5 | 0.72 | 0.57 | 0.8 |
Operating Income | -4.52 | -2.79 | -0.66 | -2.48 |
Net Income | -4.54 | -2.71 | -0.66 | -2.25 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Assets | 24.23 | 28.61 | 31.7 | 34.94 |
Total Liabilities | 3.3 | 3.11 | 3.55 | 6.63 |
Total Equity | 20.93 | 25.5 | 28.14 | 28.3 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -2.4 | -7.73 | -5.96 | -3.67 |
Cash From Investing Activities | -0.01 | -0.05 | -0.03 | -0.02 |
Cash From Financing Activities | 11.5 | 11.5 | 11.5 | |
Net Change in Cash | -2.41 | 3.72 | 5.52 | 7.82 |
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