 Orbital Energy Group, Inc.

Orbital Infrastructure Group, Inc. engages in the acquisition, development and commercialization of electro-mechanical products and technologies worldwide. It operates through the following segments: Electric Power, Telecommunications and Renewables. The Electric Power segment provides comprehensive infrastructure solutions to customers in the electric power industry. The Telecommunications segment provides enterprise solutions to the cable and telecommunication industries. The Renewables segment focuses on utility-scale solar construction. The company was founded on April 21, 1998 and is headquartered in Houston, TX.

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CUI Global is a publicly traded holding company dedicated to maximizing shareholder value through the acquisition and development of innovative companies and technologies. From its GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc's industry leading digital power platform targeting the networking and telecom industries, CUI Global has built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders are able to participate in the opportunities, revenues, and profits generated by the products, technologies, market channels of CUI Global and its subsidiaries. We pride ourselves on operating with the same level of integrity, respect, and philanthropic dedication that was put in place by CUI Inc's founder more than 20 years ago. It is these values that allow us to make a difference in the lives of our customers, our community, our employees, and our investors. Recently, a move was made to merge and streamline resources with its subsidiary CUI Inc in order to create a unified, international brand that now positions CUI Global for further strategic expansion.

HOUSTON, Nov. 17, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced it has acquired 100% of Front Line Power Construction LLC ("Front Line," "FLP," or "Company"), a Houston-based full-service electrical infrastructure service company that has provided construction, maintenance, and emergency response services for customers since 2010. The transaction will be immediately accretive to earnings and cash flow and add significant scale to OEG.

Orbital Energy Group, Inc. Announces Acquisition of Front Line Power Construction LLC

Orbital Energy Group's (OEG) CEO Jim O'Neil on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 15, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three and nine months ended September 30, 2021. Third Quarter Highlights Revenues of $30.9 million, compared to $16.3 million in the prior quarter and $13.6 million for the third quarter of 2020; Gross profit of $3.8 million, compared to gross loss of $1.2 million in the second quarter of 2021 and gross profit of $2.4 million in the prior-year quarter; Operating loss of $11.7 million, a $6.5 million sequential improvement; Gibson Technical Services ("GTS") awarded multiple Rural Opportunity Digital Fund (RDOF) awards for Charter Communications and TEC Acquired IMMCO, Inc., a full-service telecom engineering and network design company; Orbital Solar Services awarded 130-MW utility-scale solar farm project "Our third quarter results reflect the progression of our ongoing strategy to build a full-service infrastructure services platform.

Orbital Energy Group Reports Third Quarter 2021 Financial Results

HOUSTON, Nov. 12, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced that Nick Grindstaff has been appointed Chief Financial Officer, effective November 16, 2021. Mr. Grindstaff will replace Daniel Ford, who will remain with the company for a period of time to ensure a smooth transition.

Orbital Energy Group Announces Chief Financial Officer Transition

HOUSTON, Nov. 3, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") announced today that members of the company's senior management team will participate in the following investor conferences: 12th Annual Craig-Hallum Alpha Select Conference Tuesday, November 16, 2021 Virtual eventManagement will host one-on-meetings during the day. To request a meeting, please contact your Craig-Hallum representative.

Orbital Energy Group to Participate In Investor Conferences

HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital"), today announced that its wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader in utility-scale solar power generation facilities, has entered into a Joint Venture Agreement ("JVA") with industry-leading Jingoli Power, LLC ("Jingoli").       Jingoli (www.jingolipower.com) is a professional services provider for complex electric utility construction projects and a subsidiary of Joseph Jingoli and Son, Inc., a 99-year-old privately held New Jersey-based firm.

Orbital Energy Group's Subsidiary, Orbital Solar Services, Announces Joint Venture Agreement with Industry-Leader Jingoli Power LLC

HOUSTON, Nov. 1, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") today announced that it will hold a conference call to discuss its financial results for the third quarter ended September 30, 2021 before market opens on Monday, November 15, 2021. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Daniel Ford will host the call.

Orbital Energy Group Schedules Third Quarter 2021 Financial Results Conference Call for Monday, November 15, 2021 at 8:30 am ET

HOUSTON, Oct. 29, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced its telecommunications subsidiary, Gibson Technical Services, Inc. ("GTS"), and recently acquired Full Moon Telecom LLC ("Full Moon"), this week successfully completed a 5G deployment of telecom services for multiple US Wireless Carriers at Truist Park in Atlanta, Georgia, home of the Atlanta Braves. The combination of Full Moon's additional capabilities and GTS's technical expertise and professional team enabled the deployment of Truist Park's Distributed Antennae System ("DAS") to be completed ahead of schedule, providing an enhanced fan experience in time for the first pitch of Game 3 of the World Series.

Orbital Energy Group's Subsidiary, Gibson Technical Services, And Full Moon Telecom LLC Successfully Complete 5G Deployment At Truist Park In Atlanta, Georgia

HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced its telecommunications subsidiary, Gibson Technical Services, Inc. ("GTS"), has entered into a definitive Purchase Agreement to acquire 100% of Full Moon Telecom LLC ("Full Moon"), a Florida-based, privately-owned telecommunications service provider that offers an extensive array of wireless service capabilities and experience including Layer 2/Layer 3 Transport, Radio Access Network ("RAN") Integration, test and turn-up of Small Cell systems and Integration/Commissioning of Distributed Antenna ("DAS") systems. The acquisition will add revenues and be accretive to earnings for GTS and OEG beginning in the current fiscal quarter.

Orbital Energy Group's Subsidiary, Gibson Technical Services, Acquires Privately Owned Full Moon Telecom LLC

HOUSTON, Oct. 25, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital"), today announced through its wholly-owned subsidiary, Gibson Technical Services ("GTS"), that Keith Hayes, the Chief Executive Officer of IMMCO, Inc. ("IMMCO"), GTS's engineering group, has been inducted into The Society of Cable Telecommunications Engineers ("SCTE") Hall of Fame during the group's awards event on October 13. The SCTE is a non-profit professional association for the advancement of technology, standards and workforce education related to cable telecommunications engineering.

IMMCO, Inc. CEO Keith Hayes Inducted into The Society of Cable Telecommunications Engineers Hall of Fame

HOUSTON, Sept. 30, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG" or the "Company") today announced the appointment of The Honorable La Doris (Dot) Harris as the Company's Chief Diversity Officer and Chief Executive Officer (CEO) for its subsidiary, Orbital Solar Services (OSS), effective October 1, 2021.

Orbital Energy Group Announces Appointment Of The Honorable La Doris Harris, As Chief Diversity Officer And Chief Executive Officer Of Orbital Solar Services

Charter Communications

HOUSTON, Sept. 20, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced that its subsidiary, Gibson Technical Services ("GTS"), has been awarded a new project (the "Project") from Charter Communications, Inc. (NASDAQ:CHTR) ("Charter") to construct 1,910 miles of rural broadband network in Virginia.

Orbital Energy Group Subsidiary, Gibson Technical Services, Awarded Additional Telecom Project By Charter Communications In Virginia

HOUSTON, Sept. 3, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. ("OEG") (NASDAQ: OEG) today announced that in the aftermath of Hurricane Ida, its subsidiaries, Gibson Technical Services, Orbital Power Inc., and Eclipse Foundations are providing resources to assist electric power and telecommunication customers restore critical infrastructure damaged by the storm.

Hurricane Ida Provides Significant Opportunity For Orbital Energy Group

An analyst expects Orbital Energy Group shares to double.

Why This $3 Energy Stock Soared Today

Orbital Energy Group, Inc. (OEG) CEO Jim O'Neil on Q2 2021 Results - Earnings Call Transcript

Orbital Energy Group Inc (NASDAQ: OEG) reported second-quarter revenue growth of 110% year-over-year to $16.3 million, missing the consensus of $22.03 million. The company reported a gross loss of $(1.16) million, compared to a profit of $1.04 million a year ago, due to ramp-up costs associated with additional onboarding equipment, supplies, and personnel.

Orbital Energy Stock Falls As Q2 Result Misses Consensus

Orbital Energy (OEG) delivered earnings and revenue surprises of 70.00% and -4.07%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Orbital Energy (OEG) Reports Q2 Loss, Misses Revenue Estimates

Investors need to pay close attention to Orbital Energy (OEG) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Orbital Energy (OEG) Stock?

Shares of Orbital Energy Group (NASDAQ:OEG) decreased 1.6% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 51.52% over the past year to ($0.16), which missed the estimate of ($0.12).

Recap: Orbital Energy Group Q2 Earnings

HOUSTON, Aug. 16, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three and six months ended June 30, 2021. Financial and Operating Highlights: Reported total revenues of $16.3 million for the second quarter of 2021, a 110% increase compared to $7.8 million for the second quarter of 2020; Gross loss was $1.2 million for the second quarter of 2021, compared to gross profit of $1.0 million for the second quarter of 2020, the decrease was attributable to ramp-up costs associated with onboarding additional equipment, supplies and personnel to meet future requirements to fulfill backlog and the absence of sizable projects during the period for Orbital Solar Services; The Company expects margins to improve substantially during the course of 2021 as Orbital Telecom Services contributes more revenues, Orbital Power Services continues to gain efficiencies and increase revenues, and several large Orbital Solar Services projects begin; Operating loss was $18.3 million for the second quarter of 2021, compared to $7.2 million for the comparable 2020 period, mainly due to the items previously mentioned, ongoing operating costs as well as costs for vesting equity compensation and costs related to the acquisition of Gibson Technical Services, Inc. ("GTS"); As of June 30, 2021, the Company held cash and cash equivalents of $9.6 million and restricted cash of $1.2 million; Total backlog increased to $294.9 million at June 30, 2021, up from $40.4 million at December 31, 2020, reflecting backlog growth across all operating segments; Completed the acquisition of 100% of Gibson Technical Service, Inc., an Atlanta-based telecommunications company providing diversified telecommunications services nationally since 1990; and Subsequent to quarter end, announced the synergistic tuck-in acquisition of IMMCO, Inc. a privately-owned full-service telecom engineering and network design company.

Orbital Energy Group Reports Second Quarter 2021 Financial Results

HOUSTON, Aug. 11, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced its telecommunications subsidiary, Gibson Technical Services, Inc. ("GTS"), has appointed industry veteran Scott Stokes as its new chief technology officer ("CTO").  Mr.

Orbital Energy Group's Subsidiary, Gibson Technical Services, Appoints Telecom Industry Veteran Scott Stokes As CTO

HOUSTON, Aug. 9, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital"), today announced that its wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader in utility-scale solar power generation facilities, has been awarded an Engineering, Procurement, and Construction ("EPC") contract (the "Contract") to construct a 132.2MWdc/100MWac solar farm in the Southeastern United States. The Contract calls for OSS to design, engineer, and produce a utility-scale solar array to be delivered in early 2022.

Orbital Energy Group's Subsidiary, Orbital Solar Services, Awarded 130-Megawatt Project

HOUSTON, Aug. 6, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") today announced that it will hold a conference call to discuss financial results for the second quarter ended June 30, 2021 before market open on Monday, August 16, 2021. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Daniel Ford will host the call.

Orbital Energy Group Schedules Second Quarter 2021 Financial Results Conference Call for Monday, August 16, 2021 at 8:30 am ET

HOUSTON, Aug. 3, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. [NASDAQ:OEG], today announced the appointments of "legendary educator" Jerry Sue Thornton and former National Security Agency (NSA) Chief Information Officer, La Forrest Williams, to its Board of Directors (the "Board"), effective immediately. Following the appointments, the Board has been expanded to 10 directors, 7 of whom are independent.

Orbital Energy Group, Inc. Appoints Legendary Ohio Educator, Dr. Jerry Sue Thornton, and Former NSA CIO, La Forrest Williams, to Board of Directors

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