 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.

Orbital Energy (OEG) delivered earnings and revenue surprises of -63.16% and -57.82%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Orbital Energy (OEG) Reports Q1 Loss, Lags Revenue Estimates

Shares of Orbital Energy Group (NASDAQ:OEG) fell 1.5% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 66.67% over the past year to ($0.40), which missed the estimate of ($0.15).

Orbital Energy Group: Q1 Earnings Insights

HOUSTON, May 17, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three months ended March 31, 2021. Financial and Operating Highlights: Reported total revenues of $9.5 million for the first quarter of 2021, a 67% increase compared to $5.7 million for the first quarter of 2020; Gross loss was $1.3 million for the first quarter of 2021, compared to gross profit of $0.6 million for the first quarter of 2020, the decrease was attributable to ramp-up costs at Orbital Power Services, start-up costs at Eclipse Foundation Group as well as the addition of Orbital Solar Services; The Company expects improvement in margins during 2021 as Orbital Power Services continues to gain efficiencies and increase revenues, Orbital Telecom Services starts to contribute, larger Orbital Solar Services solar projects begin, and companies continue to learn to cope with the COVID-19 pandemic; Operating loss was $17.3 million for the first quarter of 2021, compared to $7.1 million for the first quarter of 2020, mainly due to higher SG&A expenses associated with Orbital Solar and Orbital Power Service, start-up costs for Eclipse Foundation Group and $2.6 million of employee and director stock-based compensation expense; Held Cash and cash equivalents of $34.7 million and Restricted cash of $1.2 million as of March 31, 2021; Total backlog was $62.1 million at March 31, 2021, up from $40.4 million at December 31, 2020, reflecting backlog growth across both operating segments; Launched, Eclipse Foundation Group, a drilled shaft foundation construction company that specializes in providing services to the electric transmission and substation, industrial, communication towers and disaster restoration market sectors, with expertise in water, marsh and rock terrains; Raised $45 million in equity capital, before costs and fees, to accelerate growth both organically and through strategic acquisitions; Orbital Solar Services was named the engineering, procurement, and construction ("EPC") company "of choice" for the newly-formed Black Sunrise Half Century Fund, which over the next three years expects to build over 1 gigawatt of solar power with a beginning investment of $725 million; and Subsequent to quarter end, completed the acquisition of 100% of the capital stock of Gibson Technical Service, Inc. ("GTS"), an Atlanta-based telecommunications company providing diversified telecommunications services nationally since 1990.

Orbital Energy Group Reports First Quarter 2021 Financial Results

HOUSTON, May 10, 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 first quarter ended March 31, 2021 before market open on Monday, May 17, 2021. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Daniel Ford will host the call.

Orbital Energy Group Schedules First Quarter 2021 Financial Results Conference Call for Monday, May 17, 2021 at 8:30 am ET

HOUSTON, April 14, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG" or "Company") today announced the completion of its previously announced acquisition of 100% of the capital stock of Gibson Technical Services, Inc. ("GTS"), an Atlanta-based telecommunications company providing diversified telecommunications services nationally since 1990, effective April 13, 2021. Upon completion of the acquisition, GTS became a wholly-owned subsidiary of OEG.

Orbital Energy Group, Inc. Acquires Privately Held Telecommunications Company, Gibson Technical Services, Inc., for $48.0 Million

Orbital Energy Group, Inc. (OEG) CEO Jim O'Neil on Q4 2020 Results - Earnings Call Transcript

Shares of Orbital Energy Group (NASDAQ:OEG) moved higher by 6.8% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 256.25% over the past year to ($0.25), which missed the estimate of ($0.17).

Recap: Orbital Energy Group Q4 Earnings

HOUSTON, March 30, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three and twelve months ended December 31, 2020. Financial and Operating Highlights: Reported total revenues of $11.3 million for the fourth quarter of 2020 and $38.4 million for the full year 2020, compared to $5.7 million and $23.5 million for the fourth quarter and full year 2019, respectively; Gross profit was $3.1 million for the fourth quarter of 2020 and $7.1 million for the full year 2020, compared to $1.5 million for the fourth quarter of 2019 and $5.8 million for the full year 2019, the improvement attributable to increased revenues; this improvement is expected to continue throughout 2021; Gross margin was 27.7% for the fourth quarter of 2020 and 18.5% for the full year 2020, compared to 26.0% and 24.7% for the fourth quarter and full year 2019, respectively; Operating loss was $8.2 million for the fourth quarter of 2020 and $28.8 million for the full year 2020, compared to $4.9 million and $16.0 million for the fourth quarter and full year 2019, respectively, mainly due to higher SG&A expenses associated with Orbital Solar and Orbital Power Services; Held Cash and cash equivalents of $3.0 million and Restricted cash of $1.5 million as of December 31, 2020; Total backlog was $40.4 million compared to $9.6 million at December 31, 2019, reflecting backlog growth at both Orbital Solar and Orbital Power Services; Signed Master Services Agreement with a midwestern investor-owned utility, expected to generate significant recurring monthly revenues and increase the T&D division's revenues by approximately 30% on an annualized basis; Subsequent to year end, launched new subsidiary, Eclipse Foundation Group, a drilled shaft foundation construction company that specializes in providing services to the electric transmission and substation, industrial, communication towers and disaster restoration market sectors, with expertise in water, marsh and rock terrains; During January 2021, the Company raised $45 million in equity capital, before costs and fees, to accelerate growth both organically and through strategic acquisitions; The Orbital Solar Services subsidiary was named the engineering, procurement, and construction ("EPC") company "of choice" for the newly-formed Black Sunrise Half Century Fund, which over the next three years expects to build over 1 gigawatt of solar power with a beginning investment of $725 million.

Orbital Energy Group Reports Fourth Quarter and Full Year 2020 Financial Results

HOUSTON, March 30, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG)("OEG") today announced it has reached an agreement in principal and is preparing a definitive Stock Purchase Agreement ("SPA") to acquire 100% of Gibson Technical Services ("GTS"), an Atlanta-based telecommunications company providing diversified telecommunications services nationally since 1990. The transaction is expected to close on or before April 30, 2021, subject to customary closing conditions.

Orbital Energy Group, Inc. Announces Intent To Acquire Privately Owned, Atlanta-Based Telecommunications Company Gibson Technical Services

ATLANTA, March 26, 2021 /PRNewswire/ -- Akon Lighting, Inc. today announced the appointment of Growmore Group (www.growmoregroup.co.uk) to assist with structured fund management and equity raising activities for its Black Sunrise Fund. Growmore Group is a regulated investment banking organization with branches in London, Dubai, CARICOM region and Zurich.

Akon Lighting, Inc. Announces Partnership Between The Black Sunrise Fund and U.K.-based Growmore Group

HOUSTON, March 16, 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 fourth quarter and full year ended December 31, 2020 before market open on Tuesday, March 30, 2021. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Daniel Ford will host the call.

Orbital Energy Group Schedules Fourth Quarter and Full Year 2020 Financial Results Conference Call for Tuesday, March 30, 2021 at 8:30 am ET

Is (OEG) Outperforming Other Oils-Energy Stocks This Year?

Is Orbital Energy Group (OEG) Stock Outpacing Its Oils-Energy Peers This Year?

A potentially big agreement is pushing Orbital's shares higher.

Why Orbital Energy Group's Shares Popped 37.1% Today

The stock price of Orbital Energy Group Inc (NASDAQ: OEG) has increased over 10% pre-market today. This is why it happened.

OEG Stock Price Increases Over 10% Pre-Market: Why It Happened

Orbital Energy Group (OEG) stock is shining brighter on Monday after announcing a new joint venture with Black Sunrise Fund. The post OEG Stock: 12 Things to Know About Orbital Energy Group and the Orbital Solar JV appeared first on InvestorPlace.

OEG Stock: 12 Things to Know About Orbital Energy Group and the Orbital Solar JV

HOUSTON, Jan. 19, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital" or the "Company"), today announced the closing of its previously announced registered direct offering. The Company sold 10,000,000 shares of its common stock at a price of $3.50 per share for gross...

Orbital Energy Group, Inc. Announces Closing Of $35 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

HOUSTON, Jan. 13, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital" or the "Company") today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 10,000,000 shares of its common stock at a purchase...

Orbital Energy Group, Inc. Announces $35 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

HOUSTON, Dec. 31, 2020 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital" or the "Company") today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,555,556 shares of its common stock, at a purchase...

Orbital Energy Group, Inc. Prices $10 Million Registered Direct Offering

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

Are Options Traders Betting on a Big Move in Orbital Energy (OEG) Stock?

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Orbital Energy Group, Inc. (OEG) CEO Jim O'Neil on Q3 2020 Results - Earnings Call Transcript

Orbital Energy (OEG) delivered earnings and revenue surprises of 60.00% and -52.56%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Orbital Energy Group, Inc. Stock (OEG)