Oblong, Inc. (OBLG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución de la informática espacial y la tecnología colaborativa, Oblong, Inc. (OBLG) surge como una fuerza pionera, revolucionando cómo las empresas interactúan con los espacios de trabajo digitales. Al combinar a la perfección las plataformas innovadoras de pantalla múltiple, las interfaces basadas en gestos y las tecnologías de visualización de vanguardia, Oblong está transformando los paradigmas informáticos tradicionales en experiencias inmersivas e intuitivas que redefinen la colaboración y la interacción tecnológica en el lugar de trabajo.

Oblong, Inc. (OBLG) - Modelo de negocio: asociaciones clave

Colaboración estratégica con empresas de tecnología empresarial

A partir de 2024, Oblong, Inc. ha establecido asociaciones estratégicas con las siguientes empresas de tecnología empresarial:

Empresa asociada	Enfoque de asociación	Año de colaboración
Sistemas de Cisco	Soluciones de colaboración inmersiva	2022
Microsoft Corporation	Integración de computación espacial	2023

Asociación con instituciones de investigación

Oblong, Inc. colabora con instituciones de investigación especializadas en el desarrollo de la computación espacial:

• Laboratorio de medios del Instituto de Tecnología de Massachusetts (MIT)
• Centro de investigación de realidad virtual de la Universidad de Stanford
• Instituto de Robótica de la Universidad Carnegie Mellon

Acuerdos de licencia

Fabricante	Tipo de licencia	Ingresos anuales de licencia
Dell Technologies	Licencia de integración de hardware	$ 1.2 millones
HP Inc.	Licencia de implementación de software	$850,000

Empresas conjuntas en tecnología de colaboración inmersiva

Las asociaciones actuales de empresa conjunta incluyen:

• Venturas de robótica colaborativa - Desarrollo de interfaz de computación espacial
• Sistemas de visualización avanzados - plataformas de interacción multiusuario

Ingresos totales relacionados con la asociación para 2024: $ 4.7 millones

Oblong, Inc. (OBLG) - Modelo de negocio: actividades clave

Desarrollo de plataformas informáticas colaborativas de múltiples pantallas

Oblong Industries se centra en crear plataformas de computación colaborativas múltiples avanzadas con parámetros tecnológicos específicos:

Métrica de plataforma	Especificación
Conectividad de pantalla	Hasta 12 pantallas simultáneas
Reconocimiento de gestos	Tasa de precisión del 99.7%
Velocidad de transferencia de datos	10 Gbps

Investigación y desarrollo de tecnologías de computación espacial

Detalles de inversión de I + D:

I + D Métrica	2023 datos
Gastos anuales de I + D	$ 3.2 millones
Solicitudes de patentes	7 nuevas patentes presentadas
Tamaño del equipo de investigación	24 ingenieros

Ingeniería de software para sistemas de visualización interactiva

• Desarrollado entorno de operación espacial G-speak patentado
• Marcos de interfaz creados para la colaboración empresarial
• Algoritmos de aprendizaje automático implementado para el seguimiento de gestos

Diseño de productos y prototipos de interfaces basadas en gestos

Prototipo de métricas de desarrollo:

Métrico de diseño	2023 rendimiento
Iteraciones prototipo	12 Ciclos de diseño completos
Composición del equipo de diseño	18 ingenieros de diseño
Costo de desarrollo de prototipos	$ 1.7 millones

Oblong, Inc. (OBLG) - Modelo de negocio: recursos clave

Reconocimiento de gestos patentados propiedad intelectual

A partir del cuarto trimestre de 2023, Oblong posee 17 patentes activas relacionadas con la tecnología de reconocimiento de gestos. Valoración de la cartera de patentes estimada en $ 4.3 millones.

Categoría de patente	Número de patentes	Valor estimado
Reconocimiento de gestos	17	$ 4.3 millones

Talento especializado de ingeniería de software

Fuerza laboral total de ingeniería: 42 empleados a diciembre de 2023.

• Ingenieros de software: 28
• Ingenieros de investigación senior: 9
• Especialistas en aprendizaje automático: 5

Capacidades avanzadas de diseño de hardware

Inversión de infraestructura de diseño de hardware en 2023: $ 1.2 millones.

Recurso de diseño	Cantidad	Inversión
Estaciones de trabajo de diseño	24	$480,000
Equipo de prototipos	6	$720,000

Tecnologías patentadas de computación espacial

Recuento de patentes de computación espacial: 12 patentes activas. Gasto total de I + D en computación espacial: $ 3.7 millones en 2023.

Infraestructura de investigación y desarrollo

Presupuesto de I + D para 2023: $ 5.6 millones, que representa el 38% de los ingresos totales de la compañía.

Categoría de inversión de I + D	Cantidad	Porcentaje de ingresos
Presupuesto total de I + D	$ 5.6 millones	38%

Oblong, Inc. (OBLG) - Modelo de negocio: proposiciones de valor

Soluciones innovadoras en el espacio de trabajo interactivo de múltiples pantallas

La plataforma de Mezzanine de Oblong ofrece tecnología colaborativa de nivel empresarial con las siguientes especificaciones:

Especificación	Detalle técnico
Configuración de pantalla	Hasta 8 pantallas simultáneas
Capacidad de resolución	Definición ultra alta 4K
Gama de colaboración	Soporte para equipos remotos y en el sitio

Experiencias de computación colaborativa mejoradas

Las características de colaboración clave incluyen:

• Compartir contenido en tiempo real en múltiples dispositivos
• Capacidades de interacción basadas en gestos
• Videoconferencia integrada

Tecnologías de visualización transformadora para empresas

Métricas de tecnología empresarial:

Métrico	Valor
Inversión anual de I + D	$ 3.2 millones
Cartera de patentes	17 patentes activas
Base de clientes empresariales	42 compañías Fortune 500

Diseño de interfaz basado en gestos intuitivos

Capacidades tecnológicas de interfaz:

• Reconocimiento multitáctil
• Seguimiento de gestos con aprendizaje automático
• Protocolos de interacción de baja latencia

Plataformas de computación espacial avanzadas

Métricas de rendimiento de computación espacial:

Parámetro de rendimiento	Especificación
Velocidad de procesamiento	120 cuadros por segundo
Estado latente	Menos de 20 milisegundos
Soporte de usuario concurrente	Hasta 6 usuarios simultáneos

Oblong, Inc. (OBLG) - Modelo de negocio: relaciones con los clientes

Compromiso de ventas empresarial directo

A partir del cuarto trimestre de 2023, Oblong, Inc. reportó 37 contratos de clientes de la empresa directa con un valor de contrato promedio de $ 284,000. El equipo de ventas empresariales consta de 8 representantes de ventas dedicados dirigidos a sectores de tecnología especializada.

Segmento de clientes	Número de contratos	Valor de contrato promedio
Tecnología empresarial	22	$412,500
Instituciones de investigación	9	$215,000
Agencias gubernamentales	6	$356,000

Soporte técnico para la implementación

El equipo de soporte técnico comprende 12 ingenieros especializados con un tiempo de respuesta promedio de 2.4 horas para problemas críticos.

• Canales de soporte dedicados 24/7
• Asistencia de implementación remota y en el sitio
• Gerentes de cuentas técnicas dedicadas

Diseño de solución personalizado

Ofertas oblongas Arquitectura de soluciones personalizadas con el 67% de los clientes empresariales que reciben configuraciones de tecnología personalizadas. Tiempo de personalización promedio: 3-4 semanas.

Servicios de capacitación e incorporación

Los programas de capacitación incluyen:

• Entrenamiento dirigido por un instructor virtual
• Documentación completa
• Tutoriales en video a pedido

Tipo de entrenamiento	Duración	Costo por sesión
Incorporación básica	4 horas	$1,200
Configuración avanzada	8 horas	$2,500
Capacitación personalizada empresarial	16 horas	$5,000

Consultas de mejora de productos en curso

Consultas de mejora de productos realizadas trimestralmente, con 42 consultas programadas en 2023. Tasa de integración de comentarios de los clientes: 63%.

Oblong, Inc. (OBLG) - Modelo de negocio: canales

Equipo de ventas de Enterprise Direct

A partir del cuarto trimestre de 2023, el equipo de ventas empresariales directas de Oblong constaba de 12 profesionales de ventas dedicados dirigidos a clientes de nivel empresarial en sectores de informática colaborativa y tecnología inmersiva.

Métrico de canal de ventas	2023 datos
Tamaño del equipo de ventas empresariales	12 profesionales
Valor de contrato empresarial promedio	$157,000
Tasa de conversión de ventas	18.5%

Exposiciones de la conferencia de tecnología

Oblong participó en 7 principales conferencias tecnológicas en 2023, que incluyen:

• InfoComm 2023
• Show de NAB
• Siglo
• Consumer Electronics Show (CES)

Demostraciones de productos en línea

Métricas de demostración de productos digitales para 2023:

Métrica de demostración en línea	2023 rendimiento
Demostraciones totales en línea	124 sesiones virtuales
Compromiso promedio del espectador	42 minutos por sesión
Tasa de conversión de demostraciones	12.3%

Redes de asociación tecnológica

Asociaciones de tecnología activa: 6 colaboraciones de tecnología estratégica a diciembre de 2023

• Asociaciones de integración de sistemas de Cisco
• Acuerdos de tecnología colaborativa de Microsoft
• Asociaciones de plataforma de comunicación de Polycom

Plataformas de marketing digital

Canal de marketing digital	2023 Métricas de compromiso
Marketing de LinkedIn	37,500 seguidores
Tráfico del sitio web	82,300 visitantes mensuales únicos
Gasto publicitario digital	$ 214,000 anualmente

Oblong, Inc. (OBLG) - Modelo de negocio: segmentos de clientes

Departamentos de tecnología empresarial de grandes

A partir del cuarto trimestre de 2023, Oblong, Inc. se dirige a los departamentos de tecnología empresarial con presupuestos anuales de TI que van desde $ 5 millones a $ 250 millones. La base de clientes de la compañía en este segmento incluye 127 compañías Fortune 1000 utilizando sus tecnologías de visualización colaborativa.

Métricas de segmento empresarial	2023 datos
Total de clientes empresariales	127
Valor de contrato promedio	$487,000
Penetración en Fortune 1000	12.7%

Organizaciones de investigación y desarrollo

Oblong atiende a 83 organizaciones de investigación y desarrollo en múltiples sectores, con una concentración en industrias tecnológicas, aeroespaciales y farmacéuticas.

• Total de I + D Clientes: 83
• Inversión de tecnología anual promedio: $ 1.2 millones
• Sectores servidos: tecnología, aeroespacial, farmacéutica

Compañías de producción de medios

En el segmento de producción de medios, Oblong ha asegurado contratos con 46 organizaciones de medios profesionales, con un valor contrato promedio de $ 215,000.

Segmento de producción de medios	2023 métricas
Total de clientes de medios	46
Valor de contrato promedio	$215,000
Concentración geográfica	65% de América del Norte

Industrias de visualización avanzada

Oblong se dirige a los mercados de visualización avanzada con 62 clientes especializados en dominios arquitectónicos, de ingeniería y visualización científica.

• Clientes de visualización avanzada total: 62
• Industrias primarias: arquitectura, ingeniería, investigación científica
• Inversión tecnológica promedio por cliente: $ 673,000

Agencias de tecnología gubernamental

La compañía ha asegurado 39 contratos con agencias de tecnología del gobierno federal, estatal y local, con un valor contractual total de $ 18.4 millones en 2023.

Segmento de tecnología gubernamental	2023 datos
Total de clientes gubernamentales	39
Valor total del contrato	$ 18.4 millones
Nivel de autorización de seguridad	Top secreto capaz

Oblong, Inc. (OBLG) - Modelo de negocio: Estructura de costos

Gastos de investigación y desarrollo

Para el año fiscal 2023, Oblong, Inc. informó gastos de investigación y desarrollo de $ 3,475,000, que representa una inversión significativa en innovación tecnológica.

Año fiscal	Gastos de I + D	Porcentaje de ingresos
2023	$3,475,000	42.3%
2022	$4,102,000	38.7%

Costos de ingeniería de hardware y software

La compañía asignó $ 2,650,000 específicamente para ingeniería de hardware y software en 2023.

• Tamaño del equipo de ingeniería: 37 empleados a tiempo completo
• Salario promedio de ingeniería: $ 115,000 por año
• Costos totales de personal de ingeniería: $ 4,255,000

Mantenimiento de la propiedad intelectual

Oblong, Inc. gastó $ 412,000 en mantenimiento de la propiedad intelectual y gastos relacionados con la patente en 2023.

Categoría de IP	Número de patentes	Costo de mantenimiento
Patentes activas	24	$412,000

Inversiones de ventas y marketing

Los gastos de ventas y marketing para Oblong, Inc. totalizaron $ 1,987,000 en 2023.

• Presupuesto de marketing digital: $ 675,000
• Gastos de feria y conferencia: $ 412,000
• Compensación del equipo de ventas: $ 900,000

Sobrecarga administrativa

La sobrecarga administrativa para Oblong, Inc. fue de $ 1,345,000 en el año fiscal 2023.

Categoría de gastos generales	Monto del gasto
Compensación ejecutiva	$687,000
Instalaciones de oficina	$428,000
Legal y cumplimiento	$230,000

Oblong, Inc. (OBLG) - Modelo de negocio: flujos de ingresos

Licencias de software empresarial

Los ingresos por licencia de software empresarial de Oblong para 2023 fueron de $ 3.2 millones, lo que representa una disminución del 12% del año anterior.

Categoría de licencia de software	Ingresos anuales
Licencias de software empresarial	$3,200,000
Licencias de espacio de trabajo colaborativo	$1,750,000

Venta de productos de hardware

Las ventas de productos de hardware generaron $ 2.5 millones en ingresos durante 2023.

• Sistemas de visualización colaborativa: $ 1,350,000
• Hardware de computación inmersiva: $ 850,000
• Dispositivos de interacción periférica: $ 300,000

Servicios profesionales y consultoría

Los ingresos por servicios profesionales totalizaron $ 1.8 millones en 2023.

Tipo de servicio	Ganancia
Consultoría de implementación de tecnología	$1,200,000
Servicios de capacitación y apoyo	$600,000

Acuerdos de asociación tecnológica

Los acuerdos de asociación tecnológica contribuyeron con $ 750,000 a los ingresos de Oblong en 2023.

• Asociaciones de tecnología estratégica: $ 500,000
• Acuerdos de colaboración de integración: $ 250,000

Acceso continuo a la plataforma basada en suscripción

El acceso a la plataforma basado en suscripción generó $ 1.1 millones en ingresos recurrentes para 2023.

Nivel de suscripción	Ingresos anuales
Acceso estándar a la plataforma	$650,000
Acceso a la plataforma empresarial	$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.