OBLONGE, Inc. (OBLG): Canvas du modèle d'entreprise [Jan-2025 Mise à jour]

Dans le paysage rapide de l'informatique spatiale et des technologies collaboratives, OBLONG, Inc. (OBLG) émerge comme une force pionnière, révolutionnant comment les entreprises interagissent avec les espaces de travail numériques. En mélangeant de manière transparente des plates-formes multi-écrans innovantes, des interfaces basées sur les gestes et des technologies de visualisation de pointe, oblong transforme les paradigmes informatiques traditionnels en expériences immersives et intuitives qui redéfinissent la collaboration en milieu de travail et l'interaction technologique.

OBLONG, Inc. (OBLG) - Modèle d'entreprise: partenariats clés

Collaboration stratégique avec les entreprises technologiques d'entreprise

Depuis 2024, Oblin, Inc., a établi des partenariats stratégiques avec les entreprises technologiques d'entreprise suivantes:

Entreprise partenaire	Focus de partenariat	Année de collaboration
Systèmes Cisco	Solutions de collaboration immersive	2022
Microsoft Corporation	Intégration informatique spatiale	2023

Partenariat avec les institutions de recherche

OBLONG, Inc. collabore avec des institutions de recherche spécialisées dans le développement de l'informatique spatiale:

• Laboratoire de médias du Massachusetts Institute of Technology (MIT)
• Centre de recherche de réalité virtuelle de l'Université de Stanford
• Carnegie Mellon University Robotics Institute

Accords de licence

Fabricant	Type de licence	Revenus de licence annuelle
Dell Technologies	Licence d'intégration matérielle	1,2 million de dollars
HP Inc.	Licence de déploiement de logiciels	$850,000

Coentreprises dans la technologie de collaboration immersive

Les partenariats actuels de coentreprise comprennent:

• Ventures de robotique collaborative - Développement d'interface informatique spatiale
• Systèmes de visualisation avancés - plates-formes d'interaction multi-utilisateurs

Revenu total lié à la société de personnes pour 2024: 4,7 millions de dollars

OBLONG, Inc. (OBLG) - Modèle d'entreprise: activités clés

Développer des plateformes de calcul collaboratif multi-écrans

OBLONCH INDUSTRIES se concentre sur la création de plateformes de calcul collaboratives multi-écrans avancées avec des paramètres technologiques spécifiques:

Métrique de la plate-forme	Spécification
Connectivité d'écran	Jusqu'à 12 écrans simultanés
Reconnaissance des gestes	Taux de précision de 99,7%
Vitesse de transfert de données	10 Gbps

Recherche et développement des technologies informatiques spatiales

Détails de l'investissement R&D:

Métrique de R&D	2023 données
Dépenses annuelles de R&D	3,2 millions de dollars
Demandes de brevet	7 nouveaux brevets déposés
Taille de l'équipe de recherche	24 ingénieurs

Génie logiciel pour les systèmes d'affichage interactifs

• Environnement de fonctionnement spatial propriétaire de G-Speak Office
• Création de cadres d'interface pour la collaboration d'entreprise
• Algorithmes d'apprentissage automatique implémentés pour le suivi des gestes

Conception de produits et prototypage des interfaces basées sur les gestes

Métriques de développement des prototypes:

Métrique de conception	Performance de 2023
Itérations prototypes	12 cycles de conception complets
Composition de l'équipe de conception	18 ingénieurs de conception
Coût de développement des prototypes	1,7 million de dollars

OBLONGE, Inc. (OBLG) - Modèle d'entreprise: Ressources clés

Propriété intellectuelle de reconnaissance des gestes propriétaires

Depuis le quatrième trimestre 2023, oblong détient 17 brevets actifs liés à la technologie de reconnaissance des gestes. Évaluation du portefeuille de brevets estimée à 4,3 millions de dollars.

Catégorie de brevet	Nombre de brevets	Valeur estimée
Reconnaissance des gestes	17	4,3 millions de dollars

Talent spécialisé en génie logiciel

Total du travail d'ingénierie: 42 employés en décembre 2023.

• Ingénieurs logiciels: 28
• Ingénieurs de recherche principaux: 9
• Spécialistes de l'apprentissage automatique: 5

Capacités avancées de conception matérielle

Investissement de l'infrastructure de conception matérielle en 2023: 1,2 million de dollars.

Ressource de conception	Quantité	Investissement
Concevoir des postes de travail	24	$480,000
Équipement de prototypage	6	$720,000

Technologies informatiques spatiales brevetées

Compte de brevets informatiques spatiaux: 12 brevets actifs. Total des dépenses de R&D sur l'informatique spatiale: 3,7 millions de dollars en 2023.

Infrastructure de recherche et de développement

Budget de R&D pour 2023: 5,6 millions de dollars, représentant 38% du total des revenus de l'entreprise.

Catégorie d'investissement de R&D	Montant	Pourcentage de revenus
Budget total de R&D	5,6 millions de dollars	38%

OBLONG, Inc. (OBLG) - Modèle d'entreprise: propositions de valeur

Solutions d'espace de travail interactif multi-écran innovantes

La plate-forme de mezzanine d'Oblong propose une technologie de collaboration au niveau de l'entreprise avec les spécifications suivantes:

Spécification	Détails techniques
Configuration d'écran	Jusqu'à 8 écrans simultanés
Capacité de résolution	Définition 4K Ultra-High
Gamme de collaboration	Prise en charge des équipes distantes et sur place

Expériences informatiques collaboratives améliorées

Les principales fonctionnalités collaboratives comprennent:

• Partage de contenu en temps réel sur plusieurs appareils
• Capacités d'interaction basées sur les gestes
• Conférence vidéo intégrée

Technologies de visualisation transformatrice pour l'entreprise

Métriques technologiques d'entreprise:

Métrique	Valeur
Investissement annuel de R&D	3,2 millions de dollars
Portefeuille de brevets	17 brevets actifs
Clientèle d'entreprise	42 entreprises du Fortune 500

Conception d'interface basée sur les gestes intuitifs

Capacités de technologie d'interface:

• Reconnaissance multi-touch
• Suivi des gestes améliorés par l'apprentissage de l'apprentissage
• Protocoles d'interaction à faible latence

Plates-formes informatiques spatiales avancées

Métriques de performances informatiques spatiales:

Paramètre de performance	Spécification
Vitesse de traitement	120 images par seconde
Latence	Moins de 20 millisecondes
Prise en charge simultanée des utilisateurs	Jusqu'à 6 utilisateurs simultanés

OBLONGE, Inc. (OBLG) - Modèle d'entreprise: relations avec les clients

Engagement des ventes directes de l'entreprise

Au quatrième trimestre 2023, OBLONGE, Inc. a déclaré 37 contrats de clients directs avec une valeur de contrat moyenne de 284 000 $. L'équipe de vente d'entreprise se compose de 8 représentants des ventes dédiés ciblant les secteurs de la technologie spécialisée.

Segment de clientèle	Nombre de contrats	Valeur du contrat moyen
Technologie de l'entreprise	22	$412,500
Institutions de recherche	9	$215,000
Agences gouvernementales	6	$356,000

Support technique pour la mise en œuvre

L'équipe de support technique comprend 12 ingénieurs spécialisés avec un temps de réponse moyen de 2,4 heures pour les problèmes critiques.

• Canaux de support dédiés 24/7
• Assistance à la mise en œuvre à distance et sur place
• Gestionnaires de comptes techniques dédiés

Conception de solution personnalisée

Offres oblongues Architecture de solution personnalisée avec 67% des clients d'entreprise recevant des configurations de technologie personnalisées. Temps de personnalisation moyen: 3 à 4 semaines.

Services de formation et d'intégration

Les programmes de formation comprennent:

• Formation dirigée par un instructeur virtuel
• Documentation complète
• Tutoriels vidéo à la demande

Type de formation	Durée	Coût par session
Intégration de base	4 heures	$1,200
Configuration avancée	8 heures	$2,500
Formation personnalisée d'entreprise	16 heures	$5,000

Consultations d'amélioration des produits en cours

Les consultations d'amélioration des produits effectuées trimestriellement, avec 42 consultations programmées en 2023. Taux d'intégration des commentaires des clients: 63%.

OBLONG, Inc. (OBLG) - Modèle d'entreprise: canaux

Équipe de vente directe d'entreprise

Depuis le quatrième trimestre 2023, l'équipe directe des ventes d'entreprises d'Oblong était composée de 12 professionnels des ventes dédiés ciblant les clients de niveau d'entreprise dans des secteurs de l'informatique collaborative et des technologies immersives.

Métrique du canal de vente	2023 données
Taille de l'équipe de vente d'entreprise	12 professionnels
Valeur du contrat d'entreprise moyen	$157,000
Taux de conversion des ventes	18.5%

Expositions de la conférence technologique

OBLONG a participé à 7 grandes conférences de technologie en 2023, notamment:

• Infocomm 2023
• NAB SHOW
• Siggraph
• Show de l'électronique grand public (CES)

Démonstations de produits en ligne

Métriques de démonstration de produits numériques pour 2023:

Métrique de démonstration en ligne	Performance de 2023
Démonstations totales en ligne	124 sessions virtuelles
Engagement moyen du spectateur	42 minutes par session
Taux de conversion à partir de démos	12.3%

Réseaux de partenariat technologique

Partenariats technologiques actifs: 6 collaborations technologiques stratégiques en décembre 2023

• Cisco Systems Intégration Partnerships
• Accords de technologie collaborative Microsoft
• Partenariats de plate-forme de communication polycom

Plateformes de marketing numérique

Canal de marketing numérique	2023 Métriques d'engagement
Marketing LinkedIn	37 500 abonnés
Trafic	82 300 visiteurs mensuels uniques
Dépenses publicitaires numériques	214 000 $ par an

OBLONG, Inc. (OBLG) - Modèle d'entreprise: segments de clientèle

De grands services technologiques d'entreprise

Au quatrième trimestre 2023, OBLONG, Inc. cible les départements de la technologie des entreprises avec des budgets informatiques annuels allant de 5 millions de dollars à 250 millions de dollars. La clientèle de l'entreprise dans ce segment comprend 127 entreprises du Fortune 1000 utilisant leurs technologies de visualisation collaborative.

Métriques du segment d'entreprise	2023 données
Total des clients d'entreprise	127
Valeur du contrat moyen	$487,000
Pénétration dans la Fortune 1000	12.7%

Organisations de recherche et de développement

OBLONGS dessert 83 organisations de recherche et développement dans plusieurs secteurs, avec une concentration dans les industries technologiques, aérospatiales et pharmaceutiques.

• Clients totaux de R&D: 83
• Investissement en technologie annuelle moyenne: 1,2 million de dollars
• Secteurs desservis: technologie, aérospatiale, pharmaceutique

Sociétés de production de médias

Dans le segment de la production des médias, Oblong a obtenu des contrats avec 46 organisations de médias professionnels, avec une valeur de contrat moyenne de 215 000 $.

Segment de production médiatique	2023 métriques
Total des clients des médias	46
Valeur du contrat moyen	$215,000
Concentration géographique	65% d'Amérique du Nord

Industries de visualisation avancées

OBLONCH cible les marchés de visualisation avancés avec 62 clients spécialisés dans les domaines architecturaux, d'ingénierie et de visualisation scientifique.

• Clients de visualisation avancée totale: 62
• Industries primaires: architecture, ingénierie, recherche scientifique
• Investissement technologique moyen par client: 673 000 $

Agences technologiques gouvernementales

La société a obtenu 39 contrats avec des agences technologiques fédérales, étatiques et gouvernementales, avec une valeur totale de contrat de 18,4 millions de dollars en 2023.

Segment de la technologie gouvernementale	2023 données
Clients gouvernementaux totaux	39
Valeur totale du contrat	18,4 millions de dollars
Niveau d'autorisation de sécurité	Top secret capable

OBLONG, Inc. (OBLG) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2023, OBLONG, Inc. a déclaré des frais de recherche et de développement de 3 475 000 $, ce qui représente un investissement important dans l'innovation technologique.

Exercice fiscal	Dépenses de R&D	Pourcentage de revenus
2023	$3,475,000	42.3%
2022	$4,102,000	38.7%

Coûts de génie matériel et logiciel

La société a alloué 2 650 000 $ spécifiquement pour le génie matériel et logiciel en 2023.

• Taille de l'équipe d'ingénierie: 37 employés à temps plein
• Salaire d'ingénierie moyen: 115 000 $ par an
• Coûts totaux du personnel d'ingénierie: 4 255 000 $

Maintenance de la propriété intellectuelle

OBLONG, Inc. a dépensé 412 000 $ pour l'entretien de la propriété intellectuelle et les dépenses liées aux brevets en 2023.

Catégorie IP	Nombre de brevets	Coût de maintenance
Brevets actifs	24	$412,000

Investissements de vente et de marketing

Les dépenses de vente et de marketing pour Oblong, Inc. ont totalisé 1 987 000 $ en 2023.

• Budget de marketing numérique: 675 000 $
• Dépenses de salon et de conférence: 412 000 $
• Compensation de l'équipe de vente: 900 000 $

Frais généraux administratifs

Les frais généraux administratifs pour OBLONGE, Inc. étaient de 1 345 000 $ au cours de l'exercice 2023.

Catégorie aérienne	Montant des dépenses
Rémunération des dirigeants	$687,000
Installations de bureau	$428,000
Juridique et conformité	$230,000

OBLONGE, Inc. (OBLG) - Modèle d'entreprise: Strots de revenus

Licence de logiciel d'entreprise

Les revenus de licences sur les logiciels d'entreprise d'Oblong pour 2023 étaient de 3,2 millions de dollars, ce qui représente une baisse de 12% par rapport à l'année précédente.

Catégorie de licences logicielles	Revenus annuels
Licences de logiciels d'entreprise	$3,200,000
Licences d'espace de travail collaboratif	$1,750,000

Ventes de produits matériels

Les ventes de produits matériels ont généré 2,5 millions de dollars de revenus en 2023.

• Systèmes d'affichage collaboratif: 1 350 000 $
• Matériel informatique immersif: 850 000 $
• Dispositifs d'interaction périphérique: 300 000 $

Services professionnels et conseil

Les revenus des services professionnels ont totalisé 1,8 million de dollars en 2023.

Type de service	Revenu
Conseil de mise en œuvre de la technologie	$1,200,000
Services de formation et de soutien	$600,000

Accords de partenariat technologique

Les accords de partenariat technologique ont contribué 750 000 $ aux revenus d'Oblong en 2023.

• Partenariats technologiques stratégiques: 500 000 $
• Accords de collaboration d'intégration: 250 000 $

Accès en cours sur la plate-forme basée sur l'abonnement

L'accès à la plate-forme basée sur l'abonnement a généré 1,1 million de dollars de revenus récurrents pour 2023.

Niveau d'abonnement	Revenus annuels
Accès à la plate-forme standard	$650,000
Accès à la plate-forme d'entreprise	$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.