Oblong Historical Income Statement
| OBLG Stock | USD 3.94 0.34 9.44% |
Historical analysis of Oblong income statement accounts such as Total Revenue of 3.6 M can show how well Oblong Inc performed in making a profits. Evaluating Oblong income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Oblong's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Oblong Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Oblong Inc is a good buy for the upcoming year.
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About Oblong Income Statement Analysis
Oblong Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Oblong shareholders. The income statement also shows Oblong investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Oblong Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Oblong Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Oblong Inc minus its cost of goods sold. It is profit before Oblong operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Oblong Inc. It is also known as Oblong overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Oblong's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Oblong Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Oblong's Preferred Stock And Other Adjustments is most likely to increase significantly in the upcoming years. The Oblong's current Non Recurring is estimated to increase to about 1.5 M, while Interest Expense is projected to decrease to roughly 26.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7M | 1.5M | 911K | 865.5K | Total Revenue | 7.7M | 5.5M | 3.8M | 3.6M |
Oblong income statement Correlations
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Oblong Account Relationship Matchups
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Oblong income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.3M | 4.1M | 3.2M | 2.3M | 345K | 327.8K | |
| Interest Expense | 187K | 371K | 22K | 19K | 28K | 26.6K | |
| Selling General Administrative | 5.4M | 6.7M | 6.4M | 5.3M | 4.9M | 4.6M | |
| Total Revenue | 12.8M | 15.3M | 7.7M | 5.5M | 3.8M | 3.6M | |
| Gross Profit | 5.4M | 8.1M | 2.7M | 1.5M | 911K | 865.5K | |
| Other Operating Expenses | 18.1M | 24.2M | 19.2M | 14.7M | 8.3M | 7.9M | |
| Ebit | (5.3M) | (7.0M) | (9.1M) | (22.3M) | (4.3M) | (4.5M) | |
| Ebitda | (3.9M) | (2.8M) | (5.9M) | (20.0M) | (4.0M) | (4.2M) | |
| Cost Of Revenue | 7.4M | 7.3M | 5.0M | 3.9M | 2.9M | 2.8M | |
| Total Operating Expenses | 10.7M | 17.0M | 14.2M | 10.8M | 5.2M | 4.9M | |
| Operating Income | (5.3M) | (8.9M) | (11.5M) | (9.2M) | (4.5M) | (4.7M) | |
| Income Before Tax | (7.8M) | (7.3M) | (9.1M) | (21.9M) | (4.4M) | (4.6M) | |
| Net Income | (7.9M) | (7.4M) | (9.1M) | (21.9M) | (4.4M) | (4.6M) | |
| Income Tax Expense | 187K | 103K | (90K) | (7K) | 27K | 25.7K | |
| Total Other Income Expense Net | (2.5M) | 2.7M | 2.7M | 40K | 138K | 144.9K | |
| Research Development | 2.0M | 3.7M | 2.9M | 1.7M | 20K | 19K | |
| Selling And Marketing Expenses | 1.9M | 3.4M | 2.2M | 1.4M | 309K | 293.6K | |
| Net Income From Continuing Ops | (7.8M) | (7.4M) | (9.1M) | (21.9M) | (4.4M) | (4.6M) | |
| Net Income Applicable To Common Shares | (7.8M) | (8.2M) | (9.8M) | (21.9M) | (19.7M) | (18.8M) | |
| Tax Provision | 0.0 | 103K | (90K) | (7K) | 23K | 24.2K | |
| Interest Income | 311K | 97K | 227K | 59K | 166K | 157.7K | |
| Net Interest Income | (187K) | (352K) | (22K) | 40K | 23K | 24.2K | |
| Reconciled Depreciation | 1.3M | 4.1M | 3.2M | 1.9M | 344K | 326.8K |
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When determining whether Oblong Inc is a strong investment it is important to analyze Oblong's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Oblong's future performance. For an informed investment choice regarding Oblong Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oblong. If investors know Oblong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oblong listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Earnings Share 11.14 | Revenue Per Share 5.319 | Quarterly Revenue Growth (0.34) | Return On Assets (0.38) |
The market value of Oblong Inc is measured differently than its book value, which is the value of Oblong that is recorded on the company's balance sheet. Investors also form their own opinion of Oblong's value that differs from its market value or its book value, called intrinsic value, which is Oblong's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oblong's market value can be influenced by many factors that don't directly affect Oblong's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oblong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oblong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oblong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.