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OBLG

Oblong NasdaqCM:OBLG Stock Report

Last Price

US$0.16

Market Cap

US$4.9m

7D

-28.6%

1Y

-92.7%

Updated

23 Sep, 2022

Data

Company Financials
OBLG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

OBLG Stock Overview

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.

Oblong Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Oblong
Historical stock prices
Current Share PriceUS$0.16
52 Week HighUS$2.29
52 Week LowUS$0.16
Beta2.23
1 Month Change-39.56%
3 Month Change-50.74%
1 Year Change-92.72%
3 Year Changen/a
5 Year Changen/a
Change since IPO-83.99%

Recent News & Updates

Aug 17

Oblong gets 180-day extension to comply with Nasdaq's minimum bid price rule

Oblong (NASDAQ:OBLG) said Wednesday it was granted a 180-day extension to regain compliance with Nasdaq's minimum bid price rule. OBLG now has till Feb. 13, 2023 to meet the requirement.

Shareholder Returns

OBLGUS SoftwareUS Market
7D-28.6%-4.4%-5.2%
1Y-92.7%-35.3%-23.1%

Return vs Industry: OBLG underperformed the US Software industry which returned -34.5% over the past year.

Return vs Market: OBLG underperformed the US Market which returned -21.6% over the past year.

Price Volatility

Is OBLG's price volatile compared to industry and market?
OBLG volatility
OBLG Average Weekly Movement9.0%
Software Industry Average Movement9.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: OBLG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: OBLG's weekly volatility has decreased from 15% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a48Pete Holsthttps://www.oblong.com

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.

Oblong Fundamentals Summary

How do Oblong's earnings and revenue compare to its market cap?
OBLG fundamental statistics
Market CapUS$4.93m
Earnings (TTM)-US$16.98m
Revenue (TTM)US$6.64m

0.7x

P/S Ratio

-0.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OBLG income statement (TTM)
RevenueUS$6.64m
Cost of RevenueUS$4.44m
Gross ProfitUS$2.20m
Other ExpensesUS$19.18m
Earnings-US$16.98m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.55
Gross Margin33.09%
Net Profit Margin-255.85%
Debt/Equity Ratio0%

How did OBLG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is OBLG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OBLG?

Other financial metrics that can be useful for relative valuation.

OBLG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.04x
Enterprise Value/EBITDA-0.03x
PEG Ration/a

Price to Sales Ratio vs Peers

How does OBLG's PS Ratio compare to its peers?

OBLG PS Ratio vs Peers
The above table shows the PS ratio for OBLG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.5x
IFBD Infobird
0.6xn/aUS$5.5m
KSPN Kaspien Holdings
0.04x2.8%US$5.5m
AIFS Agent Information Software
1.3xn/aUS$7.0m
VNUE VNUE
16xn/aUS$3.6m
OBLG Oblong
0.7xn/aUS$4.9m

Price-To-Sales vs Peers: OBLG is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (4.5x).


Price to Earnings Ratio vs Industry

How does OBLG's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: OBLG is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Software industry average (4.3x)


Price to Sales Ratio vs Fair Ratio

What is OBLG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OBLG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate OBLG's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of OBLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OBLG's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OBLG's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Oblong forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.1%

Forecasted Software industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oblong has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Oblong's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Oblong performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OBLG is currently unprofitable.

Growing Profit Margin: OBLG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OBLG is unprofitable, but has reduced losses over the past 5 years at a rate of 15.4% per year.

Accelerating Growth: Unable to compare OBLG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OBLG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.3%).


Return on Equity

High ROE: OBLG has a negative Return on Equity (-142.1%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Oblong's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OBLG's short term assets ($7.8M) exceed its short term liabilities ($2.4M).

Long Term Liabilities: OBLG's short term assets ($7.8M) exceed its long term liabilities ($281.0K).


Debt to Equity History and Analysis

Debt Level: OBLG is debt free.

Reducing Debt: OBLG has no debt compared to 5 years ago when its debt to equity ratio was 20.3%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: OBLG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: OBLG has less than a year of cash runway if free cash flow continues to grow at historical rates of 24.2% each year.


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Dividend

What is Oblong current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate OBLG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OBLG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OBLG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OBLG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OBLG has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Pete Holst (53 yo)

9.67yrs

Tenure

US$455,033

Compensation

Mr. Peter J. Holst, also known as Pete, had been the Chief Executive Officer, President and Director of Oblong Inc. (Formerly, Glowpoint, Inc.) since January 13, 2013 and was its Chairman since July 2019 u...


CEO Compensation Analysis

Compensation vs Market: Pete's total compensation ($USD455.03K) is below average for companies of similar size in the US market ($USD776.35K).

Compensation vs Earnings: Pete's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: OBLG's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: OBLG's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 58.78% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
25.44%
Foundry Group LLC
7,839,509$1.3m0%0.38%
11.98%
StepStone Group Inc.
3,692,661$591.2k0%0.08%
6.16%
Morgan Stanley Investment Management Inc.
1,898,771$304.0k0%no data
4.92%
Morgan Stanley AIP GP LP
1,517,574$243.0k0%0.09%
2.8%
Blackstone Inc.
863,606$138.3k0%no data
2.1%
Jason Adelman
646,000$103.4k0%no data
1.26%
Alpha Capital AG
386,939$61.9k0%0.16%
1.06%
Peter Holst
325,991$52.2k0%no data
0.48%
Renaissance Technologies LLC
147,100$23.6k-29.27%no data
0.43%
Geode Capital Management, LLC
133,733$21.4k0%no data
0.41%
NewEdge Advisors, LLC
127,250$20.4k0%no data
0.25%
Incrementum AG
77,888$12.5k0%0.01%
0.25%
Hudson River Trading LLC, Asset Management Arm
77,670$12.4k0%no data
0.2%
The Vanguard Group, Inc.
60,239$9.6k-83.24%no data
0.18%
James Lusk
54,502$8.7k0%no data
0.16%
David Clark
48,933$7.8k0%no data
0.15%
Ergoteles LLC
47,110$7.5k0%no data
0.093%
Citigroup Inc.,Banking and Securities Investments
28,571$4.6k0%no data
0.087%
Northern Trust Global Investments
26,845$4.3k0%no data
0.083%
Vivaldi Capital Management, LLC
25,590$4.1k0%no data
0.07%
State Street Global Advisors, Inc.
21,442$3.4k0%no data
0.06%
Gyroscope Capital Management Group, LLC
18,382$2.9k0%no data
0.056%
Citadel Advisors LLC
17,278$2.8k0%no data
0.049%
Wells Fargo & Company, Securities and Brokerage Investments
15,050$2.4k30000%no data
0.046%
Two Sigma Securities, LLC, Asset Management Arm
14,120$2.3k0%no data

Company Information

Oblong, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Oblong, Inc.
  • Ticker: OBLG
  • Exchange: NasdaqCM
  • Founded: NaN
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$4.934m
  • Shares outstanding: 30.82m
  • Website: https://www.oblong.com

Number of Employees


Location

  • Oblong, Inc.
  • 25587 Conifer Road
  • Suite 105-231
  • Conifer
  • Colorado
  • 80433
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OBLGNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.