TaoWeave (NASDAQ:TWAV) Posts Quarterly Earnings Results

TaoWeave (NASDAQ:TWAV) posted its earnings results on Friday. The company reported $0.39 earnings per share for the quarter, FiscalAI reports. The business 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 Stock Performance

Shares of NASDAQ TWAV traded down $0.01 during midday trading on Friday, reaching $1.23. 49,117 shares of the company traded hands, compared to its average volume of 475,697. TaoWeave has a 12 month low of $0.58 and a 12 month high of $2.70. The stock’s 50-day simple moving average is $1.42 and its 200-day simple moving average is $1.40. The firm has a market cap of $4.77 million, a PE ratio of -0.77 and a beta of 2.69.

Wall Street Analyst Weigh In

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

About TaoWeave

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.