$OBLG DD by u/varun22486

This DD was originally posted on the subreddit r/pennystocks

Company Overview : Oblong, Inc., also called Oblong, is the technology platform that defines the next era of computing: simultaneous multi-user, multi-screen, multi-device, multi-location for dynamic and immersive visual collaboration. The Mezzanine brings data sets, workspaces, and communication channels to life across multiple screens in multiple locations. The Mezzanine allows interaction from a number and type of input devices simultaneously, including touch screens, phones, and tablets. The company was founded in May 2000 and is headquartered in Los Angeles, CA

Partnership:

  • CSCO.

  • Technological innovations solutions

  • Allwave-AV Systems

  • AVI Systems

Connect quickly and easily with common meeting tools. Join video calls with best in class video endpoints from Cisco and Polycom.

Clients: Big names include IBM, DOD, NASA, Verizon, SAP, Siemens, Wells Fargo and many more details are available at https://www.oblong.com/customers

Recent news:

  • Revenue of $5.3 million for the first quarter of 2020, compared to $2.6 million for the first quarter of 2019 and $5.4 million for the fourth quarter of 2019.

  • Gross profit margin of 55% for the first quarter of 2020, compared to 35% for the first quarter of 2019 and 53% for the fourth quarter of 2019.

  • Oblong Sees More than a 50% Growth in Revenue

Price Target – Many analysts are expecting it to be 2 digits soon.

$35.40 https://money.cnn.com/quote/forecast/forecast.html?symb=GLOW

With all the company doing remote, this has picked up a lot of attention and business.

Risk: It ran yesterday cause it was tweeted but the potential is huge. Please do your own DD before investing.

 

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