Oblong Inc. reported its financial results for the first quarter of 2025, revealing total revenue of $0.6 million, consistent with the same period in 2024. The company recorded a net loss of $0.7 million for the first quarter of 2025, an improvement from the $1.1 million net loss reported for the first quarter of 2024. Adjusted EBITDA loss was $0.7 million for the first quarter of 2025, compared to a loss of $1.2 million in the same period of 2024. As of March 31, 2025, Oblong Inc. held $4.3 million in cash and cash equivalents, with no debt. Subsequent to the end of the first quarter, the company raised an additional $0.5 million from common stock warrant exercises. Oblong Inc. is actively pursuing high-growth M&A opportunities, focusing on recurring revenue models and technological innovations in digital currency and AI. The company aims to enhance profitability and efficiency, with a strategic plan extending into late 2026.
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