Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss

Reuters

Nov 13

Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss

Overview

Oblong Q3 revenue grows 4% yr/yr, reaching $0.6 mln
Net loss widens to $2.3 mln, impacted by $1.5 mln TAO revaluation loss
Adjusted EBITDA loss narrows 26% yr/yr to $0.7 mln

Outlook

Oblong highlights upcoming block-reward halving in December 2025 as a significant event
Company expects Bittensor network upgrades to enhance scalability and performance

Result Drivers

TAO TOKEN ACQUISITION - Oblong invested $6.3 mln to acquire 16,517 TAO tokens, contributing to its treasury growth
STAKING REWARDS - Co earned 274 TAO in staking rewards, generating $97,000 in revenue with an annualized yield of 6%
BITTENSOR NETWORK UPGRADES - Subtensor v2.3.0 upgrades enhance network scalability and incentive alignment

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$601,000
Q3 Net Income		-$2.29 mln
Q3 Gross Profit		$244,000
Q3 Income From Operations		-$802,000
Q3 Operating Expenses		$1.05 mln
Q3 Pretax Profit		-$2.29 mln

Press Release: ID:nBwYnjH5a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2583598612"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2583598612\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2583598612?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-13 21:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2583598612","market":"us","top_or_hot":-1,"title":"Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss</title></head><body><p><span>Overview</span></p><ul><li><p>Oblong Q3 revenue grows 4% yr/yr, reaching $0.6 mln</p></li><li><p>Net loss widens to $2.3 mln, impacted by $1.5 mln TAO revaluation loss</p></li><li><p>Adjusted EBITDA loss narrows 26% yr/yr to $0.7 mln</p></li></ul><p><span>Outlook</span></p><ul><li><p>Oblong highlights upcoming block-reward halving in December 2025 as a significant event</p></li><li><p>Company expects Bittensor network upgrades to enhance scalability and performance</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>TAO TOKEN ACQUISITION - Oblong invested $6.3 mln to acquire 16,517 TAO tokens, contributing to its treasury growth</p></li><li><p>STAKING REWARDS - Co earned 274 TAO in staking rewards, generating $97,000 in revenue with an annualized yield of 6%</p></li><li><p>BITTENSOR NETWORK UPGRADES - Subtensor v2.3.0 upgrades enhance network scalability and incentive alignment</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td></td><td><p>$601,000</p></td><td></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>-$2.29 mln</p></td><td></td></tr><tr><td><p>Q3 Gross Profit</p></td><td></td><td><p>$244,000</p></td><td></td></tr><tr><td><p>Q3 Income From Operations</p></td><td></td><td><p>-$802,000</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>$1.05 mln</p></td><td></td></tr><tr><td><p>Q3 Pretax Profit</p></td><td></td><td><p>-$2.29 mln</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nBwYnjH5a</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OBLG","symbol_name":"Oblong, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251113:nL1N3WP0JC:1","article_id":"2583598612","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583598612","pubTimestamp":1763039453,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation lossOverviewOblong Q3 revenue grows 4% yr/yr, reaching $0.6 mlnNet loss widens to $2.3 mln, impacted by $1.5 mln TAO reval","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OBLG":"Oblong, Inc.","BK4023":"应用软件"},"translate_title":"数字资产财资公司Oblong第三季度亏损因TAO代币重估损失而扩大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OBLG":0.9},"content_text":"Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation lossOverviewOblong Q3 revenue grows 4% yr/yr, reaching $0.6 mlnNet loss widens to $2.3 mln, impacted by $1.5 mln TAO revaluation lossAdjusted EBITDA loss narrows 26% yr/yr to $0.7 mlnOutlookOblong highlights upcoming block-reward halving in December 2025 as a significant eventCompany expects Bittensor network upgrades to enhance scalability and performanceResult DriversTAO TOKEN ACQUISITION - Oblong invested $6.3 mln to acquire 16,517 TAO tokens, contributing to its treasury growthSTAKING REWARDS - Co earned 274 TAO in staking rewards, generating $97,000 in revenue with an annualized yield of 6%BITTENSOR NETWORK UPGRADES - Subtensor v2.3.0 upgrades enhance network scalability and incentive alignmentKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Revenue$601,000Q3 Net Income-$2.29 mlnQ3 Gross Profit$244,000Q3 Income From Operations-$802,000Q3 Operating Expenses$1.05 mlnQ3 Pretax Profit-$2.29 mlnPress Release: ID:nBwYnjH5aFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}