Oblong Announces 20% Sequential Revenue Increase for Fourth Quarter of 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Oblong (OBLG) Reports Q4 Revenues of $3.92M
March 30, 2021 4:16 PM EDTOblong (NASDAQ: OBLG) reported Q4 EPS of $. Revenue for the quarter came in at $3.92 million.
Q4 2020 Financial Highlights
The Company reported the following financial results for the fourth quarter 2020:
Fourth quarter 2020 product sales from our flagship Mezzanine collaboration suite increased more than 50% sequentially to over $1.6 million, versus $1.1 million for the third quarter of 2020.Fourth quarter 2020 total revenue increased more than 20% sequentially to over $3.9 million, versus $3.3 million for the third quarter of 2020.Gross profit margin increased to 59% for the fourth quarter of 2020, compared sequentially to 51% for... More