Oblong Inc. (OBLG) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 16TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0858,9395,0584,6022,0073,946
Cash and cash equivalents3,0858,9395,0584,6022,0073,946
Restricted cash and investments 61158   
Receivables4158493,1662,5431,3711,230
Inventory, net of allowances, customer advances and progress billings7231,8219201,816  
Inventory7231,8219201,816  
Prepaid expense131340663548321415
Other current assets9048028209  
Other undisclosed current assets428261 208226290
Total current assets:4,87212,7519,9939,9263,9255,881
Noncurrent Assets
Operating lease, right-of-use asset1426599033,117
Property, plant and equipment 31595731,3167281,159
Intangible assets, net (including goodwill) 60414,92917,50720,4793,2948,376
Goodwill  7,3677,3677,9072,7957,750
Intangible assets, net (excluding goodwill) 6047,56210,14012,572499626
Other noncurrent assets4010916771158
Total noncurrent assets:78915,85619,15024,9834,0379,543
TOTAL ASSETS:5,66128,60729,14334,9097,96215,424
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2581,2181,5142,3991,1321,340
Accounts payable184259313647222337
Accrued liabilities1,0749591,2011,7529101,003
Deferred revenue4367831,2171,901
Debt   2,0143,958 1,194
Other undisclosed current liabilities219492830  259
Total current liabilities:1,9132,4935,5758,2581,1322,793
Noncurrent Liabilities
Long-term debt and lease obligation  2361,0054,863 369
Long-term debt, excluding current maturities   4032,843 369
Liabilities, other than long-term debt1313815063  
Deferred revenue114381506 
Other liabilities    3  
Operating lease, liability 172366022,020
Total noncurrent liabilities:1316171,5114,866 369
Total liabilities:2,0443,1107,08613,1241,1323,162
Equity
Equity, attributable to parent3,61725,49722,05721,7856,83012,262
Common stock 31155
Treasury stock, value(181)(181)(181)(165)(496)(352)
Additional paid in capital227,645227,581215,092207,383184,994183,114
Accumulated deficit(223,847)(201,906)(192,855)(185,434)(177,673)(170,505)
Total equity:3,61725,49722,05721,7856,83012,262
TOTAL LIABILITIES AND EQUITY:5,66128,60729,14334,9097,96215,424

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,4767,73915,33312,82712,55714,799
Revenue, net14,799
Cost of revenue(3,930)(5,021)(7,280)(7,427)(7,589)(9,754)
Cost of goods and services sold(3,930)(5,021)(7,280)(7,427)  
Gross profit:1,5462,7188,0535,4004,9685,045
Operating expenses(23,051)(14,512)(18,117)(12,974)(11,708)(7,412)
Other undisclosed operating income (loss)(483)     
Operating loss:(21,988)(11,794)(10,064)(7,574)(6,740)(2,367)
Nonoperating income (expense)402,6532,746(187)(415)7,922
Other nonoperating income40     
Interest and debt expense  2,4483,117(90)1659,045
Income (loss) from continuing operations before equity method investments, income taxes:(21,948)(6,693)(4,201)(7,851)(6,990)14,600
Other undisclosed income (loss) from continuing operations before income taxes  (2,448)(3,117)90(165) 
Income (loss) from continuing operations before income taxes:(21,948)(9,141)(7,318)(7,761)(7,155)14,600
Income tax expense (benefit)790(103) (13)230
Income (loss) from continuing operations:(21,941)(9,051)(7,421)(7,761)(7,168)14,830
Income (loss) before gain (loss) on sale of properties:(9,051)(7,421)(7,761)(7,168)14,830
Net income (loss):(21,941)(9,051)(7,421)(7,761)(7,168)14,830
Other undisclosed net loss attributable to parent      (9,045)
Net income (loss) attributable to parent:(21,941)(9,051)(7,421)(7,761)(7,168)5,785
Preferred stock dividends and other adjustments (704)(805)(27)(12)(70)
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(21,941)(9,755)(8,226)(7,788)(7,180)5,715

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(21,941)(9,051)(7,421)(7,761)(7,168)14,830
Comprehensive income (loss), net of tax, attributable to parent:(21,941)(9,051)(7,421)(7,761)(7,168)14,830

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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