Oblong Inc reports results for the quarter ended in March - Earnings Summary

Taoweave

10/08/2022 06:03

* Oblong Inc  OBLG.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for a loss of 15 cents per
share.
    * Revenue fell 20.1% to $1.53 million from a year ago;
analysts
expected $1.53 million. 
    * Oblong Inc's reported EPS for the quarter was a loss of 15
cents​.
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Oblong Inc shares had risen by 2.5% this quarter and
lost 69.2%
so far this year.
    * The company reported a quarterly loss of $4.54 million.
    * Wall Street's median 12-month price target for Oblong Inc
is
$1.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 05:03 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2022      -0.15          -0.15          Met
 Sep. 30 2021      -0.14          -0.10          Beat
 Jun. 30 2021      -0.09          -0.08          Beat