earnings
confidence high
sentiment negative
materiality 0.55
Oblong Q4 2021 revenue $2.0M, net loss $2.7M; Mezzanine revenue up 24% sequentially
TaoWeave, Inc.
- Revenue $2.0M in Q4 2021, up 10% sequentially, down 49% YoY from $3.9M.
- Net loss $2.7M vs net income $1.2M in Q4 2020 which included $3.1M non-cash gain on debt extinguishment.
- Adjusted EBITDA loss $2.1M vs $0.4M loss in Q4 2020.
- Mezzanine product revenue $1.0M, up 24% sequentially; cash $9.0M, no debt.