Oblong Announces Financial Results for First Quarter 2021

Oblong, Inc. (Nasdaq: OBLG) (“Oblong” or the “Company”), the award-winning maker of multi-stream collaboration solutions, today reported financial results for the first quarter of 2021.

Q1 2021 and Recent Operational Highlights

  • Introduced early-stage version of its MezzanineTM cloud collaboration product
  • Expanded product development team to accelerate engineering and software development
  • Invested in sales resources to expand distribution channels in anticipation of office reopenings
  • Began trading on the Nasdaq Capital Market in February 2021 and simplified its capital structure by eliminating all outstanding preferred stock

[…]