TaoWeave (TWAV)
Market Price (3/17/2026): $1.27 | Market Cap: $1.4 MilSector: Financials | Industry: Asset Management & Custody Banks
TaoWeave (TWAV)
Market Price (3/17/2026): $1.27Market Cap: $1.4 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -341% | Weak multi-year price returns2Y Excs Rtn is -111%, 3Y Excs Rtn is -169% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -177% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -38%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -32%, Rev Chg QQuarterly Revenue Change % is -40% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -143%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -143% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -281% | ||
| High stock price volatilityVol 12M is 131% | ||
| Key risksTWAV key risks include [1] significant financial exposure to the price volatility of a single digital asset, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -341% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% |
| Weak multi-year price returns2Y Excs Rtn is -111%, 3Y Excs Rtn is -169% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -177% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -38%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -32%, Rev Chg QQuarterly Revenue Change % is -40% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -143%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -143% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -281% |
| High stock price volatilityVol 12M is 131% |
| Key risksTWAV key risks include [1] significant financial exposure to the price volatility of a single digital asset, Show more. |
Qualitative Assessment
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TaoWeave (TWAV) stock has lost about 40% since 11/30/2025 because of the following key factors:
1. Strategic shift to a volatile digital asset treasury model. TaoWeave, formerly Oblong, Inc., rebranded and changed its ticker to TWAV on December 10, 2025, pivoting to become a "digital asset treasury company" exclusively focused on Bittensor (TAO) tokens. This strategic shift directly linked the company's valuation to the inherent extreme volatility of the cryptocurrency market, causing the stock to plummet from an all-time high of $2.70 on December 8, 2025, to an all-time low of $0.5812 by February 19, 2026.
2. Persistent operating losses undermined investor confidence. The company continued to report significant operating losses, raising concerns about the profitability of its new business model. For the trailing 12 months ending September 30, 2025, TaoWeave posted earnings of -$4.5 million. Its Q3 2025 earnings, reported on November 13, 2025, showed a loss of -$0.74 per share on $0.60 million in revenue.
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1. Strategic shift to a volatile digital asset treasury model. TaoWeave, formerly Oblong, Inc., rebranded and changed its ticker to TWAV on December 10, 2025, pivoting to become a "digital asset treasury company" exclusively focused on Bittensor (TAO) tokens. This strategic shift directly linked the company's valuation to the inherent extreme volatility of the cryptocurrency market, causing the stock to plummet from an all-time high of $2.70 on December 8, 2025, to an all-time low of $0.5812 by February 19, 2026.
2. Persistent operating losses undermined investor confidence. The company continued to report significant operating losses, raising concerns about the profitability of its new business model. For the trailing 12 months ending September 30, 2025, TaoWeave posted earnings of -$4.5 million. Its Q3 2025 earnings, reported on November 13, 2025, showed a loss of -$0.74 per share on $0.60 million in revenue.
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Stock Movement Drivers
Fundamental Drivers
The -39.7% change in TWAV stock from 11/30/2025 to 3/16/2026 was primarily driven by a -39.7% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.14 | 1.29 | -39.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | 0.0% |
| P/S Multiple | 1.0 | 0.6 | -39.7% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | -39.7% |
Market Drivers
11/30/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TWAV | -39.7% | |
| Market (SPY) | -2.1% | 34.2% |
| Sector (XLF) | -7.6% | 20.6% |
Fundamental Drivers
The -55.4% change in TWAV stock from 8/31/2025 to 3/16/2026 was primarily driven by a -55.4% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.89 | 1.29 | -55.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | 0.0% |
| P/S Multiple | 1.4 | 0.6 | -55.4% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | -55.4% |
Market Drivers
8/31/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TWAV | -55.4% | |
| Market (SPY) | 4.0% | 39.3% |
| Sector (XLF) | -8.4% | 27.7% |
Fundamental Drivers
The -64.6% change in TWAV stock from 2/28/2025 to 3/16/2026 was primarily driven by a -47.8% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.64 | 1.29 | -64.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 2 | -13.8% |
| P/S Multiple | 1.2 | 0.6 | -47.8% |
| Shares Outstanding (Mil) | 1 | 1 | -21.2% |
| Cumulative Contribution | -64.6% |
Market Drivers
2/28/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TWAV | -64.6% | |
| Market (SPY) | 13.6% | 33.0% |
| Sector (XLF) | -4.5% | 30.5% |
Fundamental Drivers
The -98.5% change in TWAV stock from 2/28/2023 to 3/16/2026 was primarily driven by a -95.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 85.60 | 1.29 | -98.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 2 | -60.5% |
| P/S Multiple | 0.7 | 0.6 | -16.4% |
| Shares Outstanding (Mil) | 0 | 1 | -95.4% |
| Cumulative Contribution | -98.5% |
Market Drivers
2/28/2023 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TWAV | -98.5% | |
| Market (SPY) | 75.1% | 19.5% |
| Sector (XLF) | 44.3% | 17.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TWAV Return | -80% | -89% | -89% | -51% | -53% | -34% | -100% |
| Peers Return | 37% | -32% | 66% | 37% | 10% | -19% | 90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 77% |
Monthly Win Rates [3] | |||||||
| TWAV Win Rate | 8% | 17% | 33% | 42% | 33% | 33% | |
| Peers Win Rate | 65% | 27% | 63% | 65% | 48% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| TWAV Max Drawdown | -81% | -89% | -92% | -63% | -55% | -63% | |
| Peers Max Drawdown | -8% | -41% | -3% | -7% | -26% | -24% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, CRM, NOW, GOOGL, ORCL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/16/2026 (YTD)
How Low Can It Go
| Event | TWAV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.8% | -25.4% |
| % Gain to Breakeven | 61254.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -63.4% | -33.9% |
| % Gain to Breakeven | 173.5% | 51.3% |
| Time to Breakeven | 86 days | 148 days |
| 2018 Correction | ||
| % Loss | -88.0% | -19.8% |
| % Gain to Breakeven | 735.6% | 24.7% |
| Time to Breakeven | 467 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -76.5% | -56.8% |
| % Gain to Breakeven | 325.0% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to MSFT, CRM, NOW, GOOGL, ORCL
In The Past
TaoWeave's stock fell -99.8% during the 2022 Inflation Shock from a high on 2/9/2021. A -99.8% loss requires a 61254.2% gain to breakeven.
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About TaoWeave (TWAV)
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. The company also provides managed videoconferencing services; and remote service management, which provides an overlay to enterprise information technology and channel partner support organizations, as well as support and management services for customer video environments. In addition, it offers network services comprising Cloud Connect: Video that allows its customers to outsource the management of their video traffic to them and provides the customer's office locations with a secure, dedicated video network connection to the Oblong Cloud for video communications; Cloud Connect: Converge, which offers customized multiprotocol label switching solutions; and Cloud Connect: Cross Connect that allows the customer to leverage existing carrier for the extension of a Layer 2 private line to its data center. Further, it provides professional services, such as software development, visual and interaction design, engineering, and project support services; and resells video equipment to its customers. Oblong Inc. is based in Conifer, Colorado.
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1. Think of them as a next-gen 'Cisco TelePresence' or 'Crestron' for immersive, multi-screen visual collaboration experiences.
2. They are like a specialized 'Accenture' for enterprise video collaboration, providing the complete technology stack, managed services, and network infrastructure.
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TaoWeave (symbol: TWAV), operating as Oblong Inc., primarily sells its multi-stream collaboration technologies, managed services, network services, and professional services to other companies and organizations.
Based on the provided description, specific customer company names are not listed. However, its major customers can be categorized as:
- Enterprise-level businesses and large organizations: These customers utilize Oblong Inc.'s flagship Mezzanine product for visual collaboration across multiple users, screens, devices, and locations, as well as managed videoconferencing services and professional services like software development and engineering.
- Organizations requiring advanced network infrastructure for video communications: This includes companies that outsource the management of their video traffic, require secure, dedicated video network connections (Cloud Connect: Video), customized multiprotocol label switching solutions (Cloud Connect: Converge), or leverage existing carriers for Layer 2 private line extensions (Cloud Connect: Cross Connect).
- Channel partner support organizations: Oblong Inc. provides remote service management as an overlay to these organizations' existing IT and support structures, as well as support and management services for customer video environments.
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Here is the management team for TaoWeave (symbol: TWAV):Peter J. Holst - Chief Executive Officer, President, and Director
Mr. Holst has served as the Chief Executive Officer, President, and Director of TaoWeave, Inc. (formerly Oblong, Inc. and prior to that, Glowpoint, Inc.) since January 13, 2013. He has been instrumental in leading the company through multiple strategic transformations, including its recent pivot to become a pure-play decentralized AI treasury company focused on the Bittensor (TAO) network. Earlier in his career, he was Chairman, President & Chief Executive Officer of Glowpoint, Inc. He also served as Chief Executive Officer for Affinity VideoNet, Inc., a company he managed and which was subsequently acquired by Glowpoint, Inc. Additionally, he held the positions of President & Chief Operating Officer at Raindance Communications, Inc. The company he currently manages, TaoWeave (formerly Oblong), has had private equity involvement, with Foundry Group being a lead investor.
David Clark - Chief Financial Officer, Secretary & Treasurer
Mr. Clark serves as Chief Financial Officer, Secretary & Treasurer of TaoWeave, Inc. (formerly Oblong, Inc.). He assumed the role of Director of Finance/CFO for the company (then Oblong, Inc.) on March 1, 2013, and Comptroller/Controller/Auditor on February 28, 2013. His prior experience includes serving as Chief Financial Officer, Secretary & Treasurer at Glowpoint, Inc. and Affinity VideoNet, Inc. Mr. Clark also held the positions of Treasurer, VP-Finance & Assistant Secretary at Allos Therapeutics, Inc. from 2012, and Chief Financial Officer & Vice President at Seurat Co. from 2000 to 2003. Notably, at Allos Therapeutics, he was part of the management team that transitioned the company from a development-stage biotech to a commercial-stage pharmaceutical company, and he led four public equity offerings that raised over $270 million. He began his career as an Audit Manager at PricewaterhouseCoopers LLP from 1992 to 2000.
Sam Moore - SVP IT & Operations
Mr. Moore is listed as SVP IT & Operations at the company (previously Oblong). He is also noted as the Chief Operating Officer for TaoWeave, Inc.
Jonathan Schechter - Independent Chairman of the Board
Mr. Schechter serves as the Independent Chairman of the Board for TaoWeave, Inc. He is also a member of the Audit Committee.
Jason Adelman - Independent Director
Mr. Adelman is an Independent Director on the Board of TaoWeave, Inc.
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TaoWeave (symbol: TWAV), formerly known as Oblong Inc., has undergone a significant strategic transformation, pivoting from multi-stream collaboration technologies to become a digital asset treasury company. Its current business model focuses exclusively on acquiring, holding, and staking Bittensor (TAO) tokens to provide investors with exposure to the decentralized AI economy. This fundamental shift introduces a new set of key business risks. The key risks to TaoWeave's business are:1. Extreme Volatility and Market Risk of Digital Assets (TAO)
TaoWeave's valuation and financial performance are directly and almost entirely tied to the price volatility of Bittensor (TAO) tokens. Digital assets are inherently highly volatile and subject to rapid and significant price fluctuations due to factors such as market sentiment, regulatory developments, technological changes, and broader cryptocurrency market trends. A substantial concentration of the company's treasury is in TAO tokens, making it highly susceptible to these market dynamics.2. Reliance on the Success and Stability of the Bittensor Ecosystem
The company's strategic success is predicated on the continued growth, adoption, and technological stability of the Bittensor decentralized AI network. Any challenges or failures within the Bittensor ecosystem, including technological vulnerabilities, intense competition from other AI or blockchain projects, adverse regulatory actions impacting decentralized AI or cryptocurrency, or a decline in developer and user engagement, would directly and severely impact TaoWeave's asset value and overall business viability.3. Persistent Operating Losses and Cash Burn
Despite its strategic pivot, TaoWeave continues to report significant operating losses and negative free cash flow. This raises concerns about the long-term profitability and sustainability of its business model as a digital asset treasury company. Continued cash burn could necessitate future capital raises, potentially leading to substantial dilution for existing shareholders.AI Analysis | Feedback
The continuous and rapid advancement of general-purpose, widely adopted video conferencing and collaboration platforms (e.g., Zoom, Microsoft Teams, Google Meet) poses a clear emerging threat to TaoWeave.
These dominant platforms are rapidly integrating increasingly sophisticated features, including advanced multi-user, multi-screen, and multi-device collaboration capabilities, robust digital whiteboards, and comprehensive networking solutions. Often offered as part of broader enterprise software suites or at a lower price point, these solutions threaten to commoditize or render less essential the specialized, potentially more complex, and higher-cost collaboration and managed service offerings that are core to TaoWeave's business model, such as its Mezzanine product.
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For TaoWeave (symbol: TWAV), the addressable markets for its main products and services are as follows:
- Enterprise Collaboration Market (for Mezzanine and other collaboration products): The global enterprise collaboration market was valued at USD 59.67 billion in 2025 and is projected to grow to USD 161.04 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 11.70% during the forecast period. North America dominated this market with a share of 42.60% in 2025.
- Video Conferencing Market (for video telepresence and managed videoconferencing services): The global video conferencing market size was valued at USD 37.29 billion in 2025 and is projected to grow from USD 41.62 billion in 2026 to USD 65.72 billion by 2034, exhibiting a CAGR of 5.90% during the forecast period. North America dominated this market with a share of 30.40% in 2025.
- Managed Video Conferencing Service Market: The global managed video conferencing service market was valued at US$ 2941 million (USD 2.941 billion) in 2025 and is anticipated to reach US$ 4876 million (USD 4.876 billion) by 2032, witnessing a CAGR of 7.6% during the forecast period. North America and Europe are identified as the main mature markets in this sector.
- Managed Network Services Market (for network services including Cloud Connect offerings): The global managed network services market is expected to grow from USD 69.68 billion in 2025 to USD 115.83 billion in 2034, at a CAGR of 5.8%. North America dominated this market, generating approximately USD 21.91 billion in revenue in 2024, holding around a 33% market share.
- Managed MPLS Market (for Cloud Connect: Converge solutions): The global managed MPLS market size reached USD 72.0 Billion in 2025. It is expected to reach USD 115.6 Billion by 2034, exhibiting a growth rate (CAGR) of 5.24% from 2026-2034. North America currently dominates the global market, with a 35.22% revenue share in 2025.
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TaoWeave (symbol: TWAV) has undergone a significant strategic pivot, transitioning from a collaboration technology provider to a digital asset treasury company focused on the decentralized AI sector. The expected drivers of future revenue growth for the company over the next 2-3 years are intrinsically linked to this new strategy and the performance of the Bittensor (TAO) ecosystem.
Here are the key drivers of future revenue growth for TaoWeave:
- Appreciation of TAO Token Value: TaoWeave's core strategy centers on acquiring and holding Bittensor (TAO) tokens as its primary reserve asset. Consequently, an increase in the market price of TAO tokens would directly contribute to the company's asset value and, through potential future sales or reported gains on its digital asset holdings, its revenue. The anticipated TAO halving event, expected around December 2025, which will reduce daily token emissions, is considered a potential catalyst for TAO's price due to increased scarcity.
- Revenue Generation from Staking TAO Tokens: TaoWeave actively stakes its TAO token holdings on the Bittensor network. This staking activity allows the company to earn rewards for validating transactions on the Bittensor blockchain, effectively generating a yield on its digital assets. As TaoWeave continues to increase its TAO holdings, the revenue generated from these staking rewards is expected to grow.
- Growth and Adoption of the Bittensor Decentralized AI Ecosystem: TaoWeave provides investors with exposure to the Bittensor ecosystem, which is positioned at the intersection of artificial intelligence and blockchain technology. The broader growth, adoption, and development of this decentralized AI ecosystem are expected to enhance the value of TaoWeave's TAO holdings and its staking activities, thereby driving future revenue.
- Strategic Investments and Partnerships within the Bittensor Ecosystem: Looking ahead, TaoWeave is exploring opportunities to invest directly in the Bittensor ecosystem through partnerships with subnets, miners, and validators. Such strategic engagements could create additional revenue streams, diversify its exposure within the ecosystem, and further enhance the value derived from its primary TAO holdings.
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Outbound Investments
- TaoWeave, formerly Oblong Inc., adopted a treasury policy in June 2025 to allocate its principal holding to Bittensor (TAO).
- In August 2025, the company deployed $8 million in fully staked TAO tokens as part of its strategy to capitalize on decentralized AI.
- During Q3 2025, TaoWeave invested $6.3 million to acquire 16,517 TAO tokens. By November 12, 2025, TAO holdings increased to 21,943 tokens, and further to 24,382 tokens by December 10, 2025.
Share Issuance
- TaoWeave, as Oblong Inc., received $518,000 from warrant exercises in April 2025.
- The company has acquired TAO tokens using capital raised through private placements.
Share Repurchases
- Oblong, Inc. announced the authorization of a stock buyback program in April 2025.
Trade Ideas
Select ideas related to TWAV.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02202026 | COIN | Coinbase Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.6% | 2.6% | -6.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 177.16 |
| Mkt Cap | 316.1 |
| Rev LTM | 51,271 |
| Op Inc LTM | 14,204 |
| FCF LTM | 9,468 |
| FCF 3Y Avg | 7,824 |
| CFO LTM | 18,646 |
| CFO 3Y Avg | 16,324 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.1% |
| Rev Chg 3Y Avg | 11.2% |
| Rev Chg Q | 15.5% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Mgn LTM | 26.7% |
| Op Mgn 3Y Avg | 25.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 38.7% |
| CFO/Rev 3Y Avg | 36.0% |
| FCF/Rev LTM | 21.8% |
| FCF/Rev 3Y Avg | 23.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 316.1 |
| P/S | 8.2 |
| P/EBIT | 20.9 |
| P/E | 26.4 |
| P/CFO | 19.3 |
| Total Yield | 4.3% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | 2.2% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.3% |
| 3M Rtn | -18.8% |
| 6M Rtn | -30.7% |
| 12M Rtn | -12.4% |
| 3Y Rtn | 38.4% |
| 1M Excs Rtn | 5.3% |
| 3M Excs Rtn | -20.0% |
| 6M Excs Rtn | -31.5% |
| 12M Excs Rtn | -31.4% |
| 3Y Excs Rtn | -22.8% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Managed Services | 3 | 3 | 4 | 6 | 10 |
| Collaboration Products | 1 | 2 | 3 | 9 | 3 |
| Corporate - Digital assets | 0 | 0 | 0 | 0 | |
| Total | 4 | 5 | 8 | 15 | 13 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Corporate - Digital assets | 5 | 0 | |||
| Collaboration Products | 1 | 2 | 19 | 23 | 29 |
| Managed Services | 1 | 1 | 1 | 6 | 6 |
| Single segment | 3 | 9 | |||
| Total | 7 | 6 | 29 | 29 | 35 |
Price Behavior
Price Behavior
| Market Price | $1.29 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/19/1995 | |
| Distance from 52W High | -75.8% | |
| 50 Days | 200 Days | |
| DMA Price | $1.40 | $2.67 |
| DMA Trend | down | down |
| Distance from DMA | -8.1% | -51.7% |
| 3M | 1YR | |
| Volatility | 117.3% | 131.3% |
| Downside Capture | 490.78 | 321.09 |
| Upside Capture | 261.10 | 164.65 |
| Correlation (SPY) | 42.4% | 33.2% |
TWAV Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 8.75 | 5.86 | 4.76 | 4.16 | 2.28 | 1.87 |
| Up Beta | 11.19 | 6.89 | 6.45 | 3.67 | 2.63 | 1.59 |
| Down Beta | 13.37 | 6.53 | 7.09 | 5.01 | 1.47 | 1.91 |
| Up Capture | 258% | 203% | 25% | 216% | 186% | 47% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 7 | 15 | 22 | 49 | 105 | 315 |
| Down Capture | 794% | 586% | 432% | 318% | 166% | 113% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 14 | 25 | 38 | 69 | 138 | 422 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TWAV | |
|---|---|---|---|---|
| TWAV | -60.5% | 130.8% | -0.13 | - |
| Sector ETF (XLF) | 5.1% | 19.3% | 0.13 | 30.5% |
| Equity (SPY) | 22.5% | 18.9% | 0.94 | 33.4% |
| Gold (GLD) | 68.7% | 26.2% | 1.98 | 4.2% |
| Commodities (DBC) | 19.7% | 17.3% | 0.91 | 10.6% |
| Real Estate (VNQ) | 9.3% | 16.2% | 0.37 | 21.5% |
| Bitcoin (BTCUSD) | -9.2% | 44.2% | -0.09 | 42.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TWAV | |
|---|---|---|---|---|
| TWAV | -77.7% | 155.3% | -0.35 | - |
| Sector ETF (XLF) | 9.6% | 18.7% | 0.40 | 18.1% |
| Equity (SPY) | 13.1% | 17.0% | 0.60 | 20.5% |
| Gold (GLD) | 23.6% | 17.2% | 1.12 | 4.7% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 4.2% |
| Real Estate (VNQ) | 4.9% | 18.8% | 0.16 | 15.9% |
| Bitcoin (BTCUSD) | 6.1% | 56.7% | 0.33 | 10.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TWAV | |
|---|---|---|---|---|
| TWAV | -53.0% | 140.3% | 0.03 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 7.8% |
| Equity (SPY) | 14.7% | 17.9% | 0.70 | 12.5% |
| Gold (GLD) | 14.4% | 15.6% | 0.76 | 4.2% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 3.1% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 7.9% |
| Bitcoin (BTCUSD) | 67.9% | 66.8% | 1.07 | 9.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -24.4% | -29.4% | -20.8% |
| 8/14/2025 | -4.9% | -24.5% | -28.9% |
| 3/18/2025 | 3.4% | 3.2% | -33.2% |
| 11/7/2024 | 1.1% | 8.6% | -12.5% |
| 3/19/2024 | 19.8% | -3.0% | -5.0% |
| 11/14/2023 | 1.2% | 19.5% | 7.2% |
| 11/10/2022 | -18.6% | -23.4% | -35.5% |
| 8/9/2022 | 3.9% | -7.7% | -20.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 4 | 4 |
| # Negative | 10 | 11 | 11 |
| Median Positive | 3.4% | 9.5% | 37.9% |
| Median Negative | -10.8% | -16.1% | -20.8% |
| Max Positive | 19.8% | 19.5% | 102.7% |
| Max Negative | -24.4% | -29.4% | -39.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/19/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/21/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/29/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Holst, Peter | President and CEO | Direct | Buy | 11192025 | 1.90 | 5,000 | 9,500 | 29,534 | Form |
| 2 | Holst, Peter | President and CEO | Direct | Buy | 11172025 | 1.84 | 10,000 | 18,400 | 19,401 | Form |
| 3 | Schechter, Jonathan | Direct | Buy | 11172025 | 1.91 | 10,000 | 19,100 | 47,750 | Form | |
| 4 | Schechter, Jonathan | Direct | Buy | 9172025 | 2.70 | 5,000 | 13,476 | 40,426 | Form | |
| 5 | Schechter, Jonathan | Direct | Buy | 9162025 | 2.73 | 10,000 | 27,321 | 27,321 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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