What is Oblong Financial Strength?
Oblong has the Financial Strength Rank of 7.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Oblong did not have earnings to cover the interest expense.
Oblong's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Oblong's Altman Z-Score is -45.66.
Competitive Comparison of Oblong's Financial Strength
For the Software - Application subindustry, Oblong's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Oblong's Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, Oblong's Financial Strength distribution charts can be found below:
* The bar in red indicates where Oblong's Financial Strength falls into.
Oblong Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Oblong's Interest Expense for the
months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-0.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.
Oblong's Interest Coverage for the quarter that ended in Dec. 2023 is
| Oblong did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Oblong's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Oblong has a Z-score of -45.66, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -45.66 is in distress zone. This implies bankruptcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Oblong (Oblong) Business Description
Traded in Other Exchanges
N/A
Address
25587 Conifer Road, Suite 105-231, Conifer, CO, USA, 80433
Oblong Inc delivers visual solutions for collaboration and computing environments. The company's flagship product Mezzanine is the technology platform that defines computing: simultaneous multi-user, multi-screen, multi-device, and multi-location for dynamic and immersive visual collaboration. Mezzanine transforms routine meetings and workflows into agile, engaging experiences by making data visible and accessible in a collaborative setting. Mezzanine enables multiple, concurrent pieces of content to be shared, manipulated, created, and captured across distance. It serves various industries including aerospace, consulting, executive search, broadcast media, technology, financial services, education, healthcare, real estate, retail, construction, hospitality, and government, among others.
Executives
| Jason T Adelman |
director |
900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021 |
| Deborah Jean Meredith |
director |
460 VAN BUREN STREET, LOS ALTOS CA 94022 |
| Robert Weinstein |
director |
3960 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169 |
| Jonathan Schechter |
director |
C/O ATRINSIC, INC. 1 GRAND CENTRAL PLACE, SUITE 2319, NEW YORK NY 10165 |
| Stepstone Group Lp |
10 percent owner |
4225 EXECUTIVE SQUARE, SUITE 1600, LA JOLLA CA 92037 |
| Matthew Yavner Blumberg |
director |
26 DORIS DRIVE, SCARSDALE NY 10583 |
| Peter Joseph Hawkes |
officer: SVP Design, Product, & Engnrg |
650 SANTA ROSA AVENUE, BERKLEY CA 94707 |
| Bradley A Feld |
10 percent owner |
C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302 |
| Ryan A Mcintyre |
10 percent owner |
|
| Foundry Select Fund Gp, Llc |
10 percent owner |
1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
| Foundry Group Select Fund, L.p. |
10 percent owner |
1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
| Foundry Venture Capital 2007, L.p. |
10 percent owner |
1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
| Foundry Venture 2007, Llc |
10 percent owner |
1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
| Seth Levine |
10 percent owner |
1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
| Greenspring Opportunities Iv, L.p. |
10 percent owner |
100 PAINTERS MILL ROAD, OWINGS MILLS MD 2111 |
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