$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
Technological innovations solutions
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
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.
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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