Overview

* Oblong Q3 revenue grows 4% yr/yr, reaching $0.6 mln

* Net loss widens to $2.3 mln, impacted by $1.5 mln TAO revaluation loss

* Adjusted EBITDA loss narrows 26% yr/yr to $0.7 mln

Outlook

* Oblong highlights upcoming block-reward halving in December 2025 as a significant event

* Company expects Bittensor network upgrades to enhance scalability and performance

Result Drivers

* TAO TOKEN ACQUISITION - Oblong invested $6.3 mln to acquire 16,517 TAO tokens, contributing to its treasury growth

* STAKING REWARDS - Co earned 274 TAO in staking rewards, generating $97,000 in revenue with an annualized yield of 6%

* BITTENSOR NETWORK UPGRADES - Subtensor v2.3.0 upgrades enhance network scalability and incentive alignment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $601,000

Revenue

Q3 Net -$2.29

Income mln

Q3 Gross $244,000

Profit

Q3 -$802,00

Income 0

From

Operatio

ns

Q3 $1.05

Operatin mln

g

Expenses

Q3 -$2.29

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)