Oblong, Inc. Files Q1 2025 10-Q
Ticker: TWAV · Form: 10-Q · Filed: May 13, 2025 · CIK: 746210
| Field | Detail |
|---|---|
| Company | Oblong, Inc. (TWAV) |
| Form Type | 10-Q |
| Filed Date | May 13, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, preferred-stock, corporate-actions
TL;DR
**Oblong Q1 10-Q dropped: $150M authorized shares, $5M common stock. Series F preferred stock conversion details included.**
AI Summary
Oblong, Inc. filed its 10-Q for the period ending March 31, 2025. The company, formerly known as GlowPoint, Inc. and Wire One Technologies Inc., reported significant financial figures including $150,000,000 in authorized shares and $5,000,000 in common stock. The filing also details calculations related to Series F Preferred Stock conversion.
Why It Matters
This filing provides a snapshot of Oblong, Inc.'s financial health and corporate structure as of Q1 2025, which is crucial for investors and stakeholders to assess the company's performance and future prospects.
Risk Assessment
Risk Level: medium — The filing contains complex financial instruments and calculations, such as the Make Whole Provision and Series F Preferred Stock conversion, which can indicate potential financial complexities or risks.
Key Numbers
- $150,000,000 — Authorized Shares (Indicates the maximum number of shares the company can issue.)
- $5,000,000 — Common Stock (Represents the value of the company's common stock.)
- 20250331 — Reporting Period End Date (Specifies the end date for the financial data presented.)
Key Players & Entities
- Oblong, Inc. (company) — Filer of the 10-Q
- GlowPoint, Inc. (company) — Former company name
- Wire One Technologies Inc. (company) — Former company name
- 20250331 (date) — Conformed period of report
- 20250513 (date) — Filed as of date
- $150,000,000 (dollar_amount) — Authorized shares
- $5,000,000 (dollar_amount) — Common stock value
- Series F Preferred Stock (financial_instrument) — Subject of conversion calculations
FAQ
What is the total number of authorized shares for Oblong, Inc. as of March 31, 2025?
Oblong, Inc. has 150,000,000 authorized shares as of March 31, 2025.
What was the value of common stock reported in the filing?
The filing reports a value of $5,000,000 for common stock.
What specific financial instrument's conversion is being calculated based on a 'Floor Price'?
The conversion of the Series F Preferred Stock is being calculated based on a 'Floor Price' of $11.17.
Were there any operating expenses related to the Managed Service segment in Q1 2025?
No, there were no operating expenses related to the Managed Service segment during the three months ended March 31, 2025.
What were the former names of Oblong, Inc.?
Oblong, Inc. was formerly known as GLOWPOINT, INC. and WIRE ONE TECHNOLOGIES INC.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 13, 2025 regarding Oblong, Inc. (TWAV).