Oblong Announces 20% Sequential Revenue Increase for Fourth Quarter of 2020

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Go back to Oblong Announces 20% Sequential Revenue Increase for Fourth Quarter of 2020

Oblong (OBLG) Reports Q4 Revenues of $3.92M

March 30, 2021 4:16 PM EDT

Oblong (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