earnings
confidence high
sentiment positive
materiality 0.70
Oblong Q3 revenue $0.6M, net loss $2.3M; TAO treasury grows to 21,822 tokens
TaoWeave, Inc.
- Revenue of $0.6M (+4% YoY); net loss of $2.3M includes $1.5M unrealized loss on TAO revaluation.
- Adjusted EBITDA loss narrowed 26% YoY to $0.7M; debt-free balance sheet with $10.3M liquid assets.
- Acquired 16,517 TAO in Q3 at avg $384; earned 274 TAO staking rewards (~6% annualized yield).
- As of Nov 12, holds 21,943 TAO valued at ~$8.0M; Bittensor network upgrades and halving expected mid-Dec.