Oblong Q2 revenue $2.0M (-29%); net loss narrows; raises $11.5M; appoints two directors

TaoWeave, Inc.

2021-Q2 EPS reported -$0.29 vs consensus -$55.08 ▲ beat (+99.5%)

Q2 2021 total revenue of $2.0M, down 29% from $2.8M year-over-year.
Net loss improved to $2.2M from $3.4M; adjusted EBITDA loss $1.6M vs $2.0M.
Raised $11.5M net in equity; cash $13.1M; PPP loan fully forgiven in July 2021.
Appointed Matt Blumberg and Debby Meredith as independent directors on Aug 16, 2021.
Mezzanine selected by a major entertainment company for global workspace redesign.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Deborah Meredith

Director

TWAV · TaoWeave, Inc.

Effective: 2021-08-16
Filed: August 11, 2021, 7:59 PM ET

appointed Matthew Blumberg, age 50, and Deborah Meredith, age 62, to fill the two vacant seats created by the expansion of the Board, effective as of August 16, 2021.

Appointed

Matthew Blumberg

Director

TWAV · TaoWeave, Inc.

Effective: 2021-08-16
Filed: August 11, 2021, 7:59 PM ET

appointed Matthew Blumberg, age 50, and Deborah Meredith, age 62, to fill the two vacant seats created by the expansion of the Board, effective as of August 16, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Deborah Meredith was appointed as Director at TaoWeave, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Matthew Blumberg, age 50, and Deborah Meredith, age 62, to fill the two vacant seats created by the expansion of the Board, effective as of August 16, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Blumberg was appointed as Director at TaoWeave, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Matthew Blumberg, age 50, and Deborah Meredith, age 62, to fill the two vacant seats created by the expansion of the Board, effective as of August 16, 2021.

View on SEC.gov

TaoWeave, Inc. filing history →

Source: SEC EDGAR

accession 0000746210-21-000056

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