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TaoWeave, Inc.

For the period ended Mar 31, 2025. Filed May 13, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 13, 2025

TWAV$1.27-2.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

Index

PART I - FINANCIAL INFORMATION
Item 1. Financial Statements1
Condensed Consolidated Balance Sheets at March 31, 2025 (unaudited) and December 31, 20241
Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2025, and 20242
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31, 2025, and 20243
Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025, and 20244
Notes to unaudited Condensed Consolidated Financial Statements5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations15
Item 3. Quantitative and Qualitative Disclosures About Market Risk20
Item 4. Controls and Procedures21
PART II - OTHER INFORMATION
Item 1. Legal Proceedings21
Item 1A. Risk Factors21
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds22
Item 3. Defaults Upon Senior Securities22
Item 4. Mine Safety Disclosures22
Item 5. Other Information22
Item 6. Exhibits23
Signatures24

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This quarterly report on Form 10-Q (this“Report”) contains statements that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and its rules and regulations (the“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, and its rules and regulations (the“Exchange Act”). These forward-looking statements include, but are not limited to, statements about the plans, objectives, expectations and intentions of Oblong, Inc. (“Oblong”* or*“we”* or*“us”* or the*“Company”). All statements other than statements of current or historical fact contained in this Report, including statements regarding Oblong’s future financial position, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. The words“anticipate,”* “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” and similar expressions, as they relate to Oblong, are intended to identify forward-looking statements. These statements are based on Oblong*’s current plans, and Oblong’s actual future activities and results of operations may be materially different from those set forth in the forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Any or all of the forward-looking statements in this Report may turn out to be inaccurate. Oblong has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. The forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks, uncertainties, and assumptions. There are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including our plans, objectives, expectations and intentions and other factors that are discussed under the section entitled“Part I. Item 1A. Risk Factors”* and in our consolidated financial statements and the footnotes thereto for the fiscal year ended December 31, 2024**, each included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024**, filed with the Securities and Exchange Commission (the*“SEC”) on March 18, 2025, as well as under“Part II. Item 1A. Risk Factors”* in this report. Oblong undertakes no obligation to publicly revise these forward-looking statements to reflect events occurring after the date hereof. All subsequent written and oral forward-looking statements attributable to Oblong or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this Report. Forward-looking statements in this Report include, among other things: opportunities for and benefits of potential strategic alternatives; our expectations and estimates relating to customer attrition, demand for our product offerings, sales cycles, future revenues, expenses, capital expenditures and cash flows; evolution of our customer solutions and our service platforms; our ability to fund operations and continue as a going concern; our liquidity projection; expectations regarding adjustments to our cost of revenue and other operating expenses; our ability to finance investments in product development and sales and marketing; the future exercise of warrants; our ability to raise capital through sales of additional equity or debt securities and/or loans from financial institutions; our beliefs about the ongoing performance of our Managed Service business; statements relating to market need and evolution of the industry, our solutions and our service platforms; and the adequacy of our internal controls. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those summarized below:*

•our ability to raise capital in one or more debt and/or equity offerings in order to fund operations or any growth initiatives, and our ability to continue as a going concern;
•the impact of conversions of our Series F Preferred Stock to Common Stock, exercises of the Series F Preferred Stock warrants and Common Warrants, and sales of the underlying conversion shares;
•customer acceptance and demand for our video collaboration services and network applications;
•our ability to launch new products and offerings and to sell our solutions;
•our ability to compete effectively in the video collaboration services and network services businesses;
•the ongoing performance of our Managed Services business;
•our ability to maintain and protect our proprietary rights;
•actions by our competitors, including price reductions for their competitive services;
•the quality and reliability of our products and services;
•the prices for our products and services and changes to our pricing model;
•our ability to grow revenue;
•customer renewal and retention rates;
•the continued impact from the aftermath of the coronavirus pandemic on our revenue and results of operations;
•risks related to the concentration of our customers and the degree to which our sales, now or in the future, depend on certain large client relationships;
•increases in material, labor, or other manufacturing-related costs;
•our ability to attract and retain highly skilled personnel;
•our reliance on open-source software and technology;
•use of cash related to potential repurchases under our Stock Repurchase Program;
•our ability to innovate technologically, and, in particular, our ability to develop next-generation Oblong technology;
•the costs, disruption, and diversion of management’s attention associated with campaigns commenced by activist investors; and
•our management’s ability to execute its plans, strategies, and objectives for future operations.
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.