Brett Maas | Hayden IR |
Peter Holst | Chairman and CEO |
David Clark | CFO |
Please standby. Good day and welcome to Oblong Inc.
Third Quarter 2021 Earnings Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. IR. Hayden Maas, Brett ahead. go Please
statements of you. believe, of such involve I'd the Peter expect, our today's Hosting statements our aware, welcome expectations materially and call during and may results expectations. contain Securities like could, may, today are current Laws. to forward-looking some be call Please beliefs forward-looking CEO regarding the as statements. and to management's containing constitute risks David everybody words These and comments uncertainties Oblong's operations anticipate future will, made CFO, could our our meaning call. similar within results Clark. Thank the differ expressions Federal Chairman Holst, should, about cause the and would, and Statements from that actual
today's statement risk the floor XX-K including link call over Form replay annual everyone call available in is measures described reconciliation most undertake Peter in filings of will encourage turn website website or you may statements. replay of to the any cause results most publicly call. be other periodic revise specific reports Holst. or financial recent factors the call The call recent to may report is to Form the now the release also actual Peter, Company's earnings A also on update the that measures and in to issued We on the XX-Q non-GAAP at to in that and contained from the on release measures to for such of and XX. Oblong, also not SEC statements materially includes CEO provided the like today. the this is the and without I'd those and website obtained differ events oblong.com. on risk to to date report yours. forward-looking limitation Company's after remind review website available of November identify like Copies and XX-K factors harbor through I'd the In contained a earnings the forward-looking sec.gov. GAAP Company's is the or this release press addition, Company's Company does oblong.com SEC or the safe of
Thanks, thank Brett everyone the you joining today. and for call
updates started, to We're with statements to to going Today, We're and Before a some have life some like everyone course our freedoms tribute to to accomplishments I'll for the we defended been months defending I that things foremost. little and of financial the going country the our have to the take we're our and on pay over as looking about actually third way then, reverse accomplishments get for the you and hear ahead. to this the of our some I'd sure veterans talk how little bit a quarter. going thank that we of coming who through like the over start bit. heroic. we're engineer call quarter, first, as our incredibly forward today, make really progress Company of I'd what throughout the and first well enjoy our of say
quarter. him David, turn for quickly this over financial have I'll statements through So the to and report take you and the
Pete. Good afternoon you, Thank everyone.
the how Revenue million the office last net their range and open three to $XXX,XXX, global quarter of effects of XXXX last quarter of the year. of due of year XXXX a Net each the revenue of million third three is as was loans third $X was they for for $X.X last quarters quarters of two to for first compared quarter of year. channel for million, revenue revenue quarter when the Our within to XXXX loss the third of $X.X the is to with third This ongoing the as million from decrease in consistent space. commercial loss $X.X the on the this customers, was $X.X million. our partners relatively pandemic, for mainly year compared third and for quarter evaluate
our on quarter, third of the during resulted recognize debt full During we $X.X in forgiveness the This a from other quarter. gain million extinguishment income. loan of PPP
loss adjusted of third same to lower last offset increase profit, loss by adjusted operating gross quarter in for compared the revenue an adjusted EBITDA the $X.X million of in period expenses. year. $X primarily loss was and Our This XXXX to partially reduced due million EBITDA was EBITDA
since Pete. was during With balance our Turning sheet. PPP remaining to to our At the back strengthened fully And our balance third will have third have the we last we turn million. now now the end during of XXXX, forgiven sheet of the balance call our sheet, of the loan on cash months. have debt we over are quarter quarter, pleased total no $XX.X I that, to XX
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today's We for an conclude Have you your conference. do does day. participation. That excellent thank you. Thank