Oblong Q4 2023 revenue down 36% YoY to $0.9M; net loss flat; exploring strategic alternatives

TaoWeave, Inc.

Q4 revenue $0.9M (down 36% YoY from $1.4M); net loss unchanged at $1.2M.
Cash $6.0M, no debt; raised $5.9M in 2023, providing runway through mid-2025.
Adjusted EBITDA loss improved to $0.9M from $1.2M in prior-year Q4.
CEO exploring strategic alternatives including business combination, reverse merger, or sale of company.
Targeting early-stage tech companies with transformative approaches for inorganic growth.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TaoWeave, Inc. reported Q4 2023 results: revenue $0.9 million, net income Net loss of $1.2 million.

Period: Q4 2023
Revenue: $0.9 million
Net income: Net loss of $1.2 million
Result: reported results

Exact text from the filing

Total revenue was $0.9 million for the fourth quarter of 2023 versus $1.4 million for the fourth quarter of 2022. • Net loss of $1.2 million for the fourth quarter of 2023, compared to a net loss of $1.2 million for the fourth quarter of 2022.

View on SEC.gov

710 earnings releases filed in the last 30 days. Browse all earnings releases →

TaoWeave, Inc. filing history →

Source: SEC EDGAR

accession 0000746210-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.