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

Taoweave

10/11/2022 22:02

* Oblong Inc  OBLG.OQ  reported a quarterly adjusted loss
of 23
cents​​ per share for the quarter ended in September. The lone
analyst forecast for the quarter was for a loss of 10 cents per
share.
    * Revenue fell 34.1% to $1.19 million from a year ago;
analysts
expected $1.56 million. 
    * Oblong Inc's reported EPS for the quarter was a loss of 23
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Oblong Inc shares had risen by 53.5% this quarter and
lost 77.7%
so far this year.
    * The company reported a quarterly loss of $7.15 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 November
10 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.10          -0.23          Missed
 Jun. 30 2022      -0.10          -0.29          Missed
                                  -0.15