TaoWeave (NASDAQ:TWAV) Releases Earnings Results

TaoWeave (NASDAQ:TWAV) issued its quarterly earnings results on Friday. The company reported $0.39 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.51 million for the quarter. TaoWeave had a negative net margin of 272.06% and a negative return on equity of 108.74%.

TaoWeave Price Performance

NASDAQ TWAV traded down $0.01 during trading hours on Friday, hitting $1.23. 49,117 shares of the company’s stock traded hands, compared to its average volume of 23,520. The company has a market capitalization of $4.77 million, a PE ratio of -0.77 and a beta of 2.69. TaoWeave has a 52-week low of $0.58 and a 52-week high of $2.70. The firm’s 50-day moving average is $1.42 and its 200-day moving average is $1.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded TaoWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

TaoWeave Company Profile

Oblong Inc., together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.