Oblong, Inc. (OBLG): Business Model Canvas

Oblong, Inc. (OBLG) erweist sich in der sich schnell entwickelnden Landschaft des Spatial Computing und der kollaborativen Technologie als Pionier und revolutioniert die Art und Weise, wie Unternehmen mit digitalen Arbeitsbereichen interagieren. Durch die nahtlose Verbindung innovativer Multi-Screen-Plattformen, gestenbasierter Schnittstellen und modernster Visualisierungstechnologien verwandelt Oblong traditionelle Computerparadigmen in immersive, intuitive Erlebnisse, die die Zusammenarbeit am Arbeitsplatz und die technologische Interaktion neu definieren.

Oblong, Inc. (OBLG) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Zusammenarbeit mit Unternehmenstechnologieunternehmen

Seit 2024 hat Oblong, Inc. strategische Partnerschaften mit den folgenden Unternehmenstechnologieunternehmen aufgebaut:

Partnerunternehmen	Partnerschaftsfokus	Jahr der Zusammenarbeit
Cisco-Systeme	Immersive Kollaborationslösungen	2022
Microsoft Corporation	Integration räumlicher Datenverarbeitung	2023

Partnerschaft mit Forschungseinrichtungen

Oblong, Inc. arbeitet mit Forschungseinrichtungen zusammen, die auf die Entwicklung räumlicher Datenverarbeitung spezialisiert sind:

• Medienlabor des Massachusetts Institute of Technology (MIT).
• Forschungszentrum für virtuelle Realität der Stanford University
• Robotik-Institut der Carnegie Mellon University

Lizenzvereinbarungen

Hersteller	Lizenztyp	Jährlicher Lizenzumsatz
Dell Technologies	Hardware-Integrationslizenz	1,2 Millionen US-Dollar
HP Inc.	Softwarebereitstellungslizenz	$850,000

Joint Ventures in immersiver Kollaborationstechnologie

Zu den aktuellen Joint-Venture-Partnerschaften gehören:

• Kollaborative Robotik-Unternehmen - Entwicklung von Spatial-Computing-Schnittstellen
• Erweiterte Visualisierungssysteme - Interaktionsplattformen für mehrere Benutzer

Gesamter Partnerschaftsumsatz für 2024: 4,7 Millionen US-Dollar

Oblong, Inc. (OBLG) – Geschäftsmodell: Hauptaktivitäten

Entwicklung von Multi-Screen-Collaborative-Computing-Plattformen

Oblong Industries konzentriert sich auf die Entwicklung fortschrittlicher Multi-Screen-Collaborative-Computing-Plattformen mit spezifischen technologischen Parametern:

Plattformmetrik	Spezifikation
Bildschirmkonnektivität	Bis zu 12 gleichzeitige Bildschirme
Gestenerkennung	99,7 % Genauigkeitsrate
Datenübertragungsgeschwindigkeit	10 Gbit/s

Forschung und Entwicklung räumlicher Computertechnologien

Details zu F&E-Investitionen:

F&E-Metrik	Daten für 2023
Jährliche F&E-Ausgaben	3,2 Millionen US-Dollar
Patentanmeldungen	7 neue Patente angemeldet
Größe des Forschungsteams	24 Ingenieure

Softwareentwicklung für interaktive Anzeigesysteme

• Entwicklung einer proprietären räumlichen G-Speak-Betriebsumgebung
• Erstellte Schnittstellen-Frameworks für die Zusammenarbeit in Unternehmen
• Implementierte maschinelle Lernalgorithmen zur Gestenverfolgung

Produktdesign und Prototyping gestenbasierter Schnittstellen

Kennzahlen zur Prototypenentwicklung:

Designmetrik	Leistung 2023
Prototyp-Iterationen	12 komplette Designzyklen
Zusammensetzung des Designteams	18 Konstrukteure
Kosten für die Prototypenentwicklung	1,7 Millionen US-Dollar

Oblong, Inc. (OBLG) – Geschäftsmodell: Schlüsselressourcen

Proprietäres geistiges Eigentum zur Gestenerkennung

Im vierten Quartal 2023 hält Oblong 17 aktive Patente im Zusammenhang mit der Gestenerkennungstechnologie. Der Wert des Patentportfolios wird auf 4,3 Millionen US-Dollar geschätzt.

Patentkategorie	Anzahl der Patente	Geschätzter Wert
Gestenerkennung	17	4,3 Millionen US-Dollar

Spezialisiertes Software-Engineering-Talent

Gesamtbelegschaft im Ingenieurwesen: 42 Mitarbeiter, Stand Dezember 2023.

• Softwareentwickler: 28
• Leitende Forschungsingenieure: 9
• Spezialisten für maschinelles Lernen: 5

Erweiterte Hardware-Designfunktionen

Investitionen in die Hardware-Design-Infrastruktur im Jahr 2023: 1,2 Millionen US-Dollar.

Designressource	Menge	Investition
Design-Arbeitsplätze	24	$480,000
Prototyping-Ausrüstung	6	$720,000

Patentierte Spatial-Computing-Technologien

Anzahl der Spatial-Computing-Patente: 12 aktive Patente. Gesamtausgaben für Forschung und Entwicklung im Bereich Spatial Computing: 3,7 Millionen US-Dollar im Jahr 2023.

Forschungs- und Entwicklungsinfrastruktur

F&E-Budget für 2023: 5,6 Millionen US-Dollar, was 38 % des Gesamtumsatzes des Unternehmens entspricht.

Kategorie „F&E-Investitionen“.	Betrag	Prozentsatz des Umsatzes
Gesamtbudget für Forschung und Entwicklung	5,6 Millionen US-Dollar	38%

Oblong, Inc. (OBLG) – Geschäftsmodell: Wertversprechen

Innovative interaktive Multi-Screen-Arbeitsplatzlösungen

Die Mezzanine-Plattform von Oblong bietet kollaborative Technologie auf Unternehmensebene mit den folgenden Spezifikationen:

Spezifikation	Technische Details
Bildschirmkonfiguration	Bis zu 8 gleichzeitige Bildschirme
Auflösungsfähigkeit	4K Ultra-High-Definition
Kollaborationsbereich	Unterstützung für Remote- und Vor-Ort-Teams

Verbesserte kollaborative Computing-Erlebnisse

Zu den wichtigsten Funktionen für die Zusammenarbeit gehören:

• Teilen von Inhalten in Echtzeit auf mehreren Geräten
• Gestenbasierte Interaktionsmöglichkeiten
• Integrierte Videokonferenzen

Transformative Visualisierungstechnologien für Unternehmen

Kennzahlen zur Unternehmenstechnologie:

Metrisch	Wert
Jährliche F&E-Investitionen	3,2 Millionen US-Dollar
Patentportfolio	17 aktive Patente
Unternehmenskundenstamm	42 Fortune-500-Unternehmen

Intuitives gestenbasiertes Interface-Design

Fähigkeiten der Schnittstellentechnologie:

• Multi-Touch-Erkennung
• Durch maschinelles Lernen verbesserte Gestenverfolgung
• Interaktionsprotokolle mit geringer Latenz

Fortschrittliche Spatial-Computing-Plattformen

Leistungsmetriken für räumliches Computing:

Leistungsparameter	Spezifikation
Verarbeitungsgeschwindigkeit	120 Bilder pro Sekunde
Latenz	Weniger als 20 Millisekunden
Gleichzeitige Benutzerunterstützung	Bis zu 6 gleichzeitige Benutzer

Oblong, Inc. (OBLG) – Geschäftsmodell: Kundenbeziehungen

Direktes Vertriebsengagement für Unternehmen

Im vierten Quartal 2023 meldete Oblong, Inc. 37 direkte Unternehmenskundenverträge mit einem durchschnittlichen Vertragswert von 284.000 US-Dollar. Das Enterprise-Vertriebsteam besteht aus 8 engagierten Vertriebsmitarbeitern, die auf spezialisierte Technologiesektoren spezialisiert sind.

Kundensegment	Anzahl der Verträge	Durchschnittlicher Vertragswert
Unternehmenstechnologie	22	$412,500
Forschungseinrichtungen	9	$215,000
Regierungsbehörden	6	$356,000

Technischer Support für die Implementierung

Das technische Support-Team besteht aus 12 spezialisierten Ingenieuren mit einer durchschnittlichen Reaktionszeit von 2,4 Stunden bei kritischen Problemen.

• Dedizierte Supportkanäle rund um die Uhr
• Unterstützung bei der Implementierung aus der Ferne und vor Ort
• Dedizierte technische Account Manager

Maßgeschneidertes Lösungsdesign

Längliche Angebote personalisierte Lösungsarchitektur 67 % der Unternehmenskunden erhalten maßgeschneiderte Technologiekonfigurationen. Durchschnittliche Anpassungszeit: 3–4 Wochen.

Schulungs- und Onboarding-Dienste

Zu den Schulungsprogrammen gehören:

• Virtuelle, von einem Lehrer geleitete Schulung
• Umfangreiche Dokumentation
• Video-Tutorials auf Abruf

Trainingstyp	Dauer	Kosten pro Sitzung
Grundlegendes Onboarding	4 Stunden	$1,200
Erweiterte Konfiguration	8 Stunden	$2,500
Maßgeschneiderte Unternehmensschulung	16 Stunden	$5,000

Laufende Beratungen zur Produktverbesserung

Beratungen zur Produktverbesserung werden vierteljährlich durchgeführt, mit 42 geplanten Beratungen im Jahr 2023. Integrationsrate des Kundenfeedbacks: 63 %.

Oblong, Inc. (OBLG) – Geschäftsmodell: Kanäle

Direktes Enterprise-Vertriebsteam

Im vierten Quartal 2023 bestand das direkte Unternehmensvertriebsteam von Oblong aus 12 engagierten Vertriebsprofis, die sich an Unternehmenskunden in den Bereichen Collaborative Computing und immersive Technologie richteten.

Vertriebskanalmetrik	Daten für 2023
Größe des Unternehmens-Vertriebsteams	12 Profis
Durchschnittlicher Unternehmensvertragswert	$157,000
Umsatz-Conversion-Rate	18.5%

Ausstellungen von Technologiekonferenzen

Oblong nahm im Jahr 2023 an sieben großen Technologiekonferenzen teil, darunter:

• InfoComm 2023
• NAB-Show
• SIGGRAPH
• Messe für Unterhaltungselektronik (CES)

Online-Produktvorführungen

Kennzahlen zur digitalen Produktdemonstration für 2023:

Online-Demo-Metrik	Leistung 2023
Gesamtzahl der Online-Demonstrationen	124 virtuelle Sitzungen
Durchschnittliches Zuschauerengagement	42 Minuten pro Sitzung
Conversion-Rate von Demos	12.3%

Technologiepartnerschaftsnetzwerke

Aktive Technologiepartnerschaften: 6 strategische Technologiekooperationen, Stand Dezember 2023

• Integrationspartnerschaften mit Cisco Systems
• Microsoft-Technologiekooperationsvereinbarungen
• Partnerschaften mit Polycom-Kommunikationsplattformen

Digitale Marketingplattformen

Digitaler Marketingkanal	Engagement-Kennzahlen 2023
LinkedIn-Marketing	37.500 Follower
Website-Traffic	82.300 einzigartige monatliche Besucher
Ausgaben für digitale Werbung	214.000 US-Dollar pro Jahr

Oblong, Inc. (OBLG) – Geschäftsmodell: Kundensegmente

Technologieabteilungen großer Unternehmen

Ab dem vierten Quartal 2023 richtet sich Oblong, Inc. an Technologieabteilungen von Unternehmen mit jährlichen IT-Budgets zwischen 5 und 250 Millionen US-Dollar. Zum Kundenstamm des Unternehmens in diesem Segment gehören 127 Fortune-1000-Unternehmen, die ihre kollaborativen Visualisierungstechnologien nutzen.

Unternehmenssegmentmetriken	Daten für 2023
Gesamtzahl der Unternehmenskunden	127
Durchschnittlicher Vertragswert	$487,000
Eindringen in Fortune 1000	12.7%

Forschungs- und Entwicklungsorganisationen

Oblong betreut 83 Forschungs- und Entwicklungsorganisationen in verschiedenen Sektoren, mit Schwerpunkt auf der Technologie-, Luft- und Raumfahrt- und Pharmaindustrie.

• Gesamtzahl der F&E-Kunden: 83
• Durchschnittliche jährliche Technologieinvestition: 1,2 Millionen US-Dollar
• Belieferte Branchen: Technologie, Luft- und Raumfahrt, Pharmazeutik

Medienproduktionsunternehmen

Im Segment Medienproduktion hat Oblong Verträge mit 46 professionellen Medienorganisationen mit einem durchschnittlichen Vertragswert von 215.000 US-Dollar abgeschlossen.

Segment Medienproduktion	Kennzahlen für 2023
Gesamte Medienkunden	46
Durchschnittlicher Vertragswert	$215,000
Geografische Konzentration	65 % Nordamerika

Erweiterte Visualisierungsbranchen

Oblong zielt mit 62 spezialisierten Kunden in den Bereichen Architektur, Ingenieurwesen und wissenschaftliche Visualisierung auf fortgeschrittene Visualisierungsmärkte ab.

• Gesamtzahl der Advanced Visualization-Kunden: 62
• Hauptindustrien: Architektur, Ingenieurwesen, wissenschaftliche Forschung
• Durchschnittliche Technologieinvestition pro Kunde: 673.000 US-Dollar

Staatliche Technologieagenturen

Das Unternehmen hat 39 Verträge mit Technologieagenturen auf Bundes-, Landes- und lokaler Ebene abgeschlossen, mit einem Gesamtauftragswert von 18,4 Millionen US-Dollar im Jahr 2023.

Segment Regierungstechnologie	Daten für 2023
Gesamtzahl der Regierungskunden	39
Gesamtvertragswert	18,4 Millionen US-Dollar
Sicherheitsfreigabestufe	Top-Secret-fähig

Oblong, Inc. (OBLG) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das Geschäftsjahr 2023 meldete Oblong, Inc. Forschungs- und Entwicklungskosten in Höhe von 3.475.000 US-Dollar, was eine erhebliche Investition in technologische Innovation darstellt.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2023	$3,475,000	42.3%
2022	$4,102,000	38.7%

Kosten für Hardware- und Softwareentwicklung

Das Unternehmen stellte im Jahr 2023 2.650.000 US-Dollar speziell für die Hardware- und Softwareentwicklung bereit.

• Größe des Ingenieurteams: 37 Vollzeitmitarbeiter
• Durchschnittliches Ingenieurgehalt: 115.000 US-Dollar pro Jahr
• Gesamtkosten für technisches Personal: 4.255.000 USD

Aufrechterhaltung des geistigen Eigentums

Oblong, Inc. gab im Jahr 2023 412.000 US-Dollar für die Aufrechterhaltung des geistigen Eigentums und patentbezogene Ausgaben aus.

IP-Kategorie	Anzahl der Patente	Wartungskosten
Aktive Patente	24	$412,000

Vertriebs- und Marketinginvestitionen

Die Vertriebs- und Marketingausgaben für Oblong, Inc. beliefen sich im Jahr 2023 auf insgesamt 1.987.000 US-Dollar.

• Budget für digitales Marketing: 675.000 US-Dollar
• Kosten für Messe und Konferenz: 412.000 US-Dollar
• Vergütung des Vertriebsteams: 900.000 US-Dollar

Verwaltungsaufwand

Der Verwaltungsaufwand für Oblong, Inc. belief sich im Geschäftsjahr 2023 auf 1.345.000 US-Dollar.

Overhead-Kategorie	Ausgabenbetrag
Vergütung von Führungskräften	$687,000
Büroeinrichtungen	$428,000
Recht und Compliance	$230,000

Oblong, Inc. (OBLG) – Geschäftsmodell: Einnahmequellen

Lizenzierung von Unternehmenssoftware

Der Lizenzumsatz für Unternehmenssoftware von Oblong belief sich im Jahr 2023 auf 3,2 Millionen US-Dollar, was einem Rückgang von 12 % gegenüber dem Vorjahr entspricht.

Kategorie „Softwarelizenzierung“.	Jahresumsatz
Unternehmenssoftwarelizenzen	$3,200,000
Collaborative Workspace-Lizenzen	$1,750,000

Verkauf von Hardwareprodukten

Der Verkauf von Hardwareprodukten generierte im Jahr 2023 einen Umsatz von 2,5 Millionen US-Dollar.

• Kollaborative Anzeigesysteme: 1.350.000 US-Dollar
• Immersive Computing-Hardware: 850.000 US-Dollar
• Peripherieinteraktionsgeräte: 300.000 US-Dollar

Professionelle Dienstleistungen und Beratung

Der Umsatz mit professionellen Dienstleistungen belief sich im Jahr 2023 auf insgesamt 1,8 Millionen US-Dollar.

Servicetyp	Einnahmen
Beratung zur Technologieimplementierung	$1,200,000
Schulungs- und Supportdienste	$600,000

Technologiepartnerschaftsvereinbarungen

Technologiepartnerschaftsvereinbarungen trugen im Jahr 2023 750.000 US-Dollar zum Umsatz von Oblong bei.

• Strategische Technologiepartnerschaften: 500.000 US-Dollar
• Integrations-Kooperationsvereinbarungen: 250.000 US-Dollar

Laufender abonnementbasierter Plattformzugriff

Der abonnementbasierte Plattformzugang generierte im Jahr 2023 wiederkehrende Einnahmen in Höhe von 1,1 Millionen US-Dollar.

Abonnementstufe	Jahresumsatz
Standardplattformzugang	$650,000
Zugriff auf die Unternehmensplattform	$450,000

Oblong, Inc. (OBLG) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers and stakeholders engage with Oblong, Inc. as of late 2025. It's a dual focus: leveraging a digital asset treasury strategy and maintaining the established collaboration technology.

Direct, managed exposure to the high-growth decentralized AI sector

Oblong, Inc. provides direct exposure to the decentralized AI sector through its treasury strategy centered on the Bittensor network's native asset, $TAO. The company views this as pioneering a strategy that leverages $TAO to drive financial returns and decentralized AI innovation. The global AI market is estimated at 750 billion dollars in 2025, with growth projections around 19 to 30% yearly through the next decade. Oblong, Inc. has committed significant capital to this area.

Here's a snapshot of the digital asset treasury:

Metric	Value as of September 30, 2025	Value as of November 12, 2025
Total $TAO Tokens Held	21,822	21,943
Reported Market Value of $TAO	$6.6 million	Approximately $8.0 million
Cash and Cash Equivalents	$3.7 million	Not specified
Total Liquid Assets	$10.3 million	Not specified

Generating yield through staking rewards (annualized ~6% in Q3 2025)

The value proposition here is generating passive yield by putting the digital assets to work. All $TAO tokens held by Oblong, Inc. remain fully staked in the Bittensor network to support decentralized AI infrastructure while generating rewards. This active management is a key part of the treasury function.

For the third quarter ended September 30, 2025, the staking operations yielded concrete results:

• Staking rewards earned: 274 TAO.
• Revenue generated from staking rewards: $97,000.
• Annualized yield on average holdings for Q3 2025: Approximately 6%.

Immersive, multi-stream visual collaboration via the Mezzanine platform

The Mezzanine platform transforms routine meetings into agile, engaging experiences by making data visible and accessible in a collaborative setting. It supports simultaneous multi-user, multi-screen, and multi-device interaction. While the company has paused investments in this segment until market demand warrants a renewed focus, the product's core value proposition remains strong, as evidenced by historical usage patterns.

Historical usage metrics from when meeting participants share content streams on Mezzanine show a high demand for concurrent data visualization:

• Percentage of time two or more content streams are shared simultaneously: more than 60%.
• Percentage of time four or more content streams are shared simultaneously: 25%.

The platform has demonstrated significant time savings for enterprise users; for example, one customer, Hines (Construction), reduced a five-week effort to a five-hour effort by enabling collaboration and simultaneous data display across multiple screens. IBM Security integrates the technology into its Ex-Force Command Center for optimized situational awareness.

Financial stability with a zero debt balance sheet

A core element of the value proposition to investors is the company's conservative financial structure. You can see this clearly in the balance sheet reporting for the end of Q3 2025. This structure is designed to provide a clear runway and operational flexibility.

Financial stability metrics as of September 30, 2025, include:

• Debt balance sheet status: Zero debt.
• Cash and cash equivalents: $3.7 million.
• Working capital: $9.82 million.

The company secured $9.04 million in net cash from financing activities year-to-date through September 30, 2025, primarily from private placements and warrant exercises.

Liquidity and security through a professionally managed digital asset treasury

Liquidity is maintained through a combination of fiat cash and the professionally managed digital asset treasury. Security is addressed by ensuring all $TAO tokens are fully staked, which supports the underlying decentralized AI network. The total liquid assets provide a buffer against market volatility and operational needs.

The total liquid assets position as of September 30, 2025, was $10.3 million. This figure is composed of the cash position and the reported value of the $TAO holdings. The company reported revenue of $0.6 million for Q3 2025, an increase of 4% from the prior-year period. The Adjusted EBITDA loss for Q3 2025 narrowed 26% year-over-year to $0.7 million.

Oblong, Inc. (OBLG) - Canvas Business Model: Customer Relationships

You're managing customer relationships for Oblong, Inc. (OBLG) right now, and honestly, the focus has dramatically shifted. The relationship with your legacy enterprise customers using Mezzanine is now secondary to the relationship with the capital markets, driven by the new digital asset treasury strategy.

Investor Relations focus for institutional and retail shareholders

Investor communication, as of late 2025, centers on the pivot to decentralized AI via the Bittensor ($TAO) treasury. The September 10, 2025, shareholder letter emphasized that this strategy offers unmatched opportunities for retail and institutional investors. The stock price as of December 1, 2025, was $2.00 / share, a drop from $3.49 / share on December 2, 2024.

Institutional engagement is tracked via SEC filings, showing a base of ownership that is actively being courted with the new narrative. As of September 30, 2025, 28 institutional owners had filed 13D/G or 13F forms, holding a total of 318,917 shares. The relationship management here means transparent reporting on the TAO holdings and staking performance, which is now the core value driver.

Here's a look at the top institutional holders as of the end of Q3 2025:

Owner Name	Date	Shares Held	Change (Shares)
DRW Securities, LLC	9/30/2025	84,342	New
Renaissance Technologies Llc	9/30/2025	59,300	+44,906
Boothbay Fund Management, Llc	9/30/2025	46,700	New
Vanguard Group Inc	9/30/2025	29,294	New
Two Sigma Investments, Lp	9/30/2025	22,584	New

Automated staking and reward generation on the Bittensor network

This is the primary operational focus now, directly impacting customer relationships with shareholders. Oblong, Inc. maintains all of its TAO tokens fully staked in the Bittensor network to support decentralized AI infrastructure and generate rewards. As of November 12, 2025, the total holding stood at 21,943 TAO tokens, valued at approximately $8.0 million. This treasury strategy is designed to offer exposure to AI-based blockchain protocols for investors.

The automated nature of the staking provides a consistent, if variable, return stream. For the third quarter ended September 30, 2025, the company earned 274 TAO in staking rewards, which translated to $97,000 of revenue. This represented an annualized yield of approximately 6% on average holdings for that quarter. The total liquid assets at the end of Q3 2025 were $10.3 million, composed of $3.7 million in cash and cash equivalents plus the $TAO holdings valued at $6.6 million. The relationship here is one of active stewardship over a decentralized asset, with updates provided transparently to keep investors informed ahead of key network events, like the expected mid-December 2025 block-reward halving.

Dedicated sales and support for existing enterprise Mezzanine customers

The legacy customer base for the Mezzanine platform, which enables visual collaboration across multiple users and devices, is still serviced, but the growth focus has moved. Oblong supplies Mezzanine systems to Fortune 500 and enterprise customers. The company operates in two segments: Collaboration Products (Mezzanine) and Managed Services. Revenue from this segment, combined with others, was $0.6 million in Q3 2025, marking a 4% increase year-over-year. Revenue for Q2 2025 was also reported at $0.6 million. While dedicated sales and support exist, the company's strategic communications emphasize the transition away from this core business toward digital assets.

Key metrics related to the legacy business as of late 2025 include:

• Q3 2025 Revenue: $0.6 million.
• Year-over-Year Q3 Revenue Growth: 4%.
• Total Employees (as of a prior report): 47 full-time employees.

High-touch M&A outreach for strategic targets

The relationship with potential acquisition targets is a key part of the forward-looking strategy, though specific late-2025 outreach details aren't public. In May 2025, the CEO confirmed the company was 'aggressively pursuing high-growth M&A opportunities,' specifically targeting models with recurring revenue, digital currency, and AI-driven innovators. The financial capacity to execute this outreach was supported by a strong balance sheet as of March 31, 2025, showing $4.3 million in cash and zero debt. This cash position was bolstered by a subsequent $7.5 million private placement announced in June 2025, which funded the initial TAO purchases.

The high-touch nature of this outreach is implied by the strategic focus on specific, transformative assets. The company is actively exploring partnerships within the Bittensor ecosystem, which serves as a form of strategic relationship building within the new core market.

Finance: draft 13-week cash view by Friday.

Oblong, Inc. (OBLG) - Canvas Business Model: Channels

You're looking at how Oblong, Inc. (OBLG) gets its message and products out to the world as of late 2025. The channels clearly reflect the company's strategic pivot, balancing its legacy collaboration technology with its new focus on decentralized AI assets.

NASDAQ Stock Exchange (OBLG Ticker) for Investor Access

Access for investors is primarily through the NASDAQ exchange, where the stock trades under the ticker OBLG. This is the main conduit for public capital formation and liquidity for shareholders. As of the end of day on December 5, 2025, the share price was $2.09. The market capitalization, based on a recent report, stood at US$7.28m. Short interest data, reported for the period ending November 14, 2025, showed 20,224 shares sold short, which was an increase of 37.0% from the prior report. This short interest represented 0.67% of the public float. The short interest ratio (days to cover) was calculated at 0.2 days based on the average trading volume of 76,057 shares. The 52-week trading range for OBLG as of early December 2025 was between a low of $1.69 and a high of $5.50.

Here's a quick look at the recent trading snapshot:

Metric	Value as of Late 2025
Closing Price (Dec 5, 2025)	$2.09
52-Week High	$5.50
52-Week Low	$1.69
Market Cap (Recent Report)	US$7.28m
Short Interest (Nov 14, 2025)	20,224 shares

Direct Sales and Partner Network for Mezzanine System Deployment

For the legacy business line, the Mezzanine system, which is a meeting technology platform for simultaneous content sharing, Oblong, Inc. utilizes a mix of direct engagement and established relationships. The company supplies these patented systems to Fortune 500 and other enterprise customers. The channel strategy here involves direct sales conversations to create immersive and interactive environments, such as executive briefing centers and command centers. The company's corporate site explicitly lists sections for partners and customers related to the Mezzanine Series, indicating a structured approach to deployment and support through these established relationships. The value proposition is clearly communicated through case studies, such as one noting a five-hour effort instead of five weeks.

The primary methods for engaging potential enterprise clients include:

• Direct outreach for a demo of the Mezzanine Series.
• Engagement through the listed partner network.
• Targeting Fortune 500 and enterprise accounts directly.
• Showcasing multi-share collaboration for real results.

Bittensor Network for Digital Asset Staking and Participation

The most significant channel for the new digital asset treasury strategy is active participation in the Bittensor network. Oblong, Inc. holds and actively stakes its TAO tokens to support the network's operations and earn rewards. As of the September 10, 2025 shareholder letter, the company held more than 21,700 TAO tokens, all actively staked. This followed an earlier deployment where $8 million was fully staked with a main validator. The Q2 2025 data showed a total holding of 21,613 tokens, acquired for a total investment of approximately $8.0 million. The Bittensor network itself is described as operating nearly 130 subnets, which are specialized AI development environments. Staking is positioned as a way to support the ecosystem and compound returns. The company also seeks partnerships with subnet development teams to further align its operational and treasury strategies.

Corporate Website and Press Releases for Strategic Communication

Oblong, Inc. uses its corporate website and official press releases as the primary channels for strategic communication to investors and the market. The company maintains a clear Investor Relations section detailing recent filings and news. Key communication milestones in late 2025 included:

• Reporting Q3 2025 Results on November 13, 2025.
• Issuing a Shareholder Letter on September 10, 2025.
• Reporting Q2 2025 Results and TAO Treasury Expansion on August 14, 2025.

Regulatory filings are also a critical channel; for instance, an 8-K and a 10-Q report were both filed on November 13, 2025. The website serves as the repository for these official documents, ensuring transparency for stakeholders tracking the company's pivot toward a digital asset treasury focus. Also, the company's communication strategy involves tapping experts, such as appointing Siam Kidd to the Strategic Advisory Committee, announced via press release on August 5, 2025.

Finance: draft 13-week cash view by Friday.

Oblong, Inc. (OBLG) - Canvas Business Model: Customer Segments

You're looking at a company that has executed a sharp strategic pivot, so the customer segments reflect a dual focus: the legacy business and the new digital asset treasury strategy.

Institutional and retail investors seeking exposure to decentralized AI assets

• Investors interested in the digital asset treasury strategy.
• Investors seeking exposure to the Bittensor (TAO) ecosystem.

Fortune 500 and large enterprise customers needing advanced collaboration

This segment relates to the legacy business, which Oblong, Inc. still services through its Collaboration Products and Managed Services segments. The company supplies its Mezzanine systems to these large entities.

• Customers utilizing the patented Mezzanine product line.
• Clients requiring managed videoconferencing and network services.

Decentralized AI protocol participants (Bittensor network)

This segment is crucial to the new strategy, as Oblong, Inc. actively participates by staking its holdings to support the network's infrastructure.

• Holders and stakers of the TAO token.
• Entities interacting with the nearly 130 specialized AI development environments (subnets) on the Bittensor network.

Companies with recurring revenue models targeted for M&A

The company is actively seeking acquisitions in this space to 'supercharge profitability and operating efficiency.'

• High-growth innovators in digital currency and AI.
• Firms possessing strong recurring revenue streams.

Here's a quick look at the numbers that define these segments as of late 2025:

Segment Focus Area	Metric/Data Point	Value/Amount (as of 2025)
Decentralized AI Treasury	TAO Tokens Held (as of Q2 2025)	21,613 tokens
Decentralized AI Treasury	TAO Staking Rewards Generated (Q3 2025)	$97,000
Enterprise Collaboration	Managed Services Revenue Contribution (Q3 2025)	$490,000
Enterprise Collaboration	Percentage of Q1 2025 Revenue from Managed Services	82%
Enterprise Collaboration	Enterprise Customers Mentioned	Fortune 500 and large enterprise customers
Protocol Participation	Bittensor Subnets in Operation	Nearly 130
M&A Target Profile	CEO Stated Focus Area	Recurring revenue models, digital currency, and AI-driven innovators

The legacy business, represented by the Managed Services segment, accounted for 82% of the $0.62 million total revenue reported in Q1 2025. Still, the new digital asset strategy is the growth lever, evidenced by the $97,000 staking reward revenue in Q3 2025. Finance: draft 13-week cash view by Friday.

Oblong, Inc. (OBLG) - Canvas Business Model: Cost Structure

You're looking at the cost side of Oblong, Inc. (OBLG) as they navigate a significant strategic pivot. The cost structure reflects a dual reality: maintaining the legacy Mezzanine business while aggressively funding the new digital asset treasury strategy. Honestly, the numbers show where the cash is going right now.

General and administrative expenses (G&A) for the legacy operations were a significant fixed cost component in Q2 2025. Specifically, G&A reached \$0.902 million for that quarter, which kept the GAAP profitability out of reach even as the net loss narrowed year-over-year.

Here's a look at some of the key reported costs and financial metrics around the end of 2025:

Cost/Metric Category	Period	Amount/Value
General and Administrative Expenses	Q2 2025	\$0.902 million
Costs Associated with Acquiring TAO Tokens	Q3 2025	\$6.3 million
TAO Tokens Acquired	Q3 2025	16,517 TAO
Average Cost Per TAO Token (Q3 Acquisition)	Q3 2025	\$384
Revenue	Q2 2025	\$0.592 million
Gross Margin	Q2 2025	38.5%

The operating expenses tied to the legacy Mezzanine business are embedded within the overall operating structure, which saw an operating loss of \$0.683 million in Q2 2025. Personnel costs for the small, specialized management team are a major driver within the overhead structure.

• Personnel costs are primarily captured within the G&A line item.
• The Q1 2025 breakdown showed R&D at \$0.003 million and S&M (Sales & Marketing) at \$0.008 million, with G&A at \$0.929 million.
• The company is focused on tighter OpEx to support the pivot.

For the legacy Mezzanine systems, the cost of revenue is derived directly from the reported gross margin. In Q2 2025, revenue was \$0.592 million, and the gross margin was 38.5%. Here's the quick math to see the associated cost of revenue:

Gross Profit in Q2 2025 was \$0.592 million multiplied by 0.385, which equals approximately \$0.228 million. This means the direct costs associated with generating that revenue-the Cost of Revenue for Mezzanine systems-was roughly \$0.364 million (\$0.592 million revenue minus \$0.228 million gross profit). This margin expansion, more than doubling from 19.6% in Q2 2024, shows some success in reducing the direct costs of the legacy service delivery.

Oblong, Inc. (OBLG) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Oblong, Inc. as of late 2025, and honestly, the story is clearly split between legacy business and the new digital asset treasury focus. It's a shift, for sure.

Staking rewards from TAO tokens represent a defined, recurring income component now. In the third quarter of 2025, Oblong, Inc. reported earning 274 TAO in staking rewards, which translated to $97,000 of revenue for that period. This was generated while all their TAO tokens remained fully staked on the Bittensor network, providing an annualized yield of approximately 6% on average holdings during Q3.

Sales of Mezzanine collaboration systems and related services still contribute, though the financial reporting now lumps this in with the digital asset activity. Oblong, Inc. operates in two segments: Collaboration Products and Managed Services. The total reported revenue for Q3 2025 was $0.6 million. For context, the trailing twelve-month revenue as of September 30, 2025, stood at $2.38M.

Potential capital appreciation from the digital asset treasury is a major, albeit volatile, component. As of September 30, 2025, the company held 21,822 TAO tokens, valued at $6.6 million. By November 12, 2025, the holdings had slightly increased to 21,943 TAO tokens, valued at approximately $8.0 million. This asset base is the core of the treasury strategy.

The flip side of that appreciation is the risk, seen in the unrealized gains/losses on TAO token revaluation. The Q3 2025 results explicitly reflected a $1.5 million unrealized loss on the TAO token revaluation as of September 30, 2025. This mark-to-market impact significantly widened the GAAP net loss for the quarter to $2.3 million.

Regarding potential future revenue from acquired AI/digital currency businesses, the company has clearly signaled an aggressive M&A focus. You see this in their Q1 2025 commentary about pursuing high-growth opportunities in digital currency and AI-driven innovators to supercharge profitability. The entire treasury strategy is now centered on Bittensor, which is a decentralized AI network, positioning the TAO asset itself as the primary driver for future value creation beyond staking rewards.

Here's a quick look at the Q3 2025 financial snapshot that frames these revenue components:

Financial Metric	Amount / Value
Total Revenue (Q3 2025)	$0.6 million
Staking Rewards Revenue (Q3 2025)	$97,000
TAO Tokens Earned (Q3 2025)	274 TAO
TAO Treasury Value (as of 9/30/2025)	$6.6 million
TAO Treasury Value (as of 11/12/2025)	Approx. $8.0 million
Unrealized Loss on TAO Revaluation (Q3 2025)	$1.5 million

The key operational details supporting these streams include:

• Total TAO holdings grew to 21,943 tokens by November 12, 2025.
• The company invested $6.3 million to acquire 16,517 TAO tokens during Q3 2025.
• The average acquisition price for Q3 2025 purchases was $384 per token.
• The balance sheet remained debt-free as of September 30, 2025.

The structure definitely shows a pivot; the Mezzanine business is now supporting a much larger digital asset strategy. Finance: draft 13-week cash view by Friday.