Oblong, Inc. reported its financial results for the first quarter ended March 31, 2025, on May 13, 2025. The company maintained a strong financial position with $4.3 million in cash and zero debt as of quarter-end. An additional $518,000 was boosted from warrant exercises in April 2025.
Total revenue for Q1 2025 was $622,000, a slight decrease from $626,000 in Q1 2024. Despite the flat revenue, gross profit significantly improved to $249,000 from a negative $3,000 in the prior year's quarter. Operating loss also narrowed to $(691,000) from $(1,184,000) in Q1 2024.
The company stated it is aggressively pursuing high-growth merger and acquisition opportunities. The focus is on targets with recurring revenue models, digital currency, and AI-driven innovation to enhance profitability and operating efficiency. Management projects liquidity into late 2026.
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