Updates/SS/News/Press Releases Share Structure
Post# of 30
Posted On: 08/16/2016 9:46:36 AM
Updates/SS/News/Press Releases
Share Structure Tiny Float!
a/o Aug. 9th 2016:
Authorized: 500,000,000
Issued and Outstanding: 36,144,414
Restricted: N/A
Transfer Agent
237 W 37th St #601
New York, NY 10018
212-575-5757
http://www.equitystock.com
info@equitystock.com
Global Telesat Communications Chosen to Supply Mobile Satellite Services in Support of African State Elections [Marketwired] August 16, 2016
http://finance.yahoo.com/news/global-telesat-...00680.html
AVENTURA, FL--(Marketwired - August 16, 2016) - Orbital Tracking Corp., (TRKK) (the "Company"
, today announced receipt of a new product and services order in support of the Electoral Commission of Zambia (ECZ). Global Telesat Communications Ltd. (GTCL), a wholly owned subsidiary of Orbital Tracking Corp., has provided more than 200 Thuraya XT Pro satellite phones, Thuraya IP satellite broadband terminals and RedPort Optimizers together with associated airtime, and supplied customer support services to ECZ and its staff during the country's presidential elections which took place on August 11. This is the largest sale of its kind secured by GTC in Africa and its positive impact will be reflected in the Company's financial results for the quarter ended September 30, 2016.
"We are pleased to have been awarded this significant new order, the largest for GTCL in Africa and further evidence that our expanding global footprint is firmly establishing us as a premier provider of satellite-based communications products and services across the world," said David Phipps, CEO of Orbital Tracking Corp. and Managing Director of Global Telesat Communications.
About Global Telesat Communications Ltd.
Global Telesat Communications Ltd (GTC) is a supplier of mobile voice and data communications services via satellite. GTC provides equipment and airtime for use on all the major satellite networks including Globalstar, Inmarsat, Iridium and Thuraya allowing users in remote locations to make phone calls, connect to the internet and track assets or personnel anywhere in the world. GTC also offers a rental service for customers requiring equipment on a short-term basis. For more information regarding GTC, please visit www.globaltelesat.co.uk.
About Orbital Tracking Corp.
Orbital Tracking Corp. provides satellite based tracking, services as well as mobile voice and data communications services globally via satellite to the commercial and Government users. Orbital specializes in services related to the Globalstar satellite constellation, including ground station construction, simplex tracking services and satellite telecommunications voice airtime. Orbital operates various e-commerce retail and tracking portals where users around the world can purchase satellite hardware and track assets in real-time on mobile devices or PCs. For more information regarding Orbital, please visit www.OrbitalTracking.com.
Orbital Tracking Corp. Reports Profitable First Quarter 2016 Financial Results
[Marketwired] May 16, 2016
http://finance.yahoo.com/news/orbital-trackin...00985.html
AVENTURA, FL--(Marketwired - May 16, 2016) - Orbital Tracking Corp. (TRKK) ("Orbital Tracking" or the "Company" , today reported financial results for the three months ended March 31, 2016.
First Quarter 2016 Highlights
Late in the first quarter, the Company announced that it developed its first global tracking product, a dual-mode asset tracker, which will be available in the marketplace later this year following final testing and receipt of necessary regulatory and compatibility certifications. The first product designed and developed by the Company, the dual-mode tracker utilizes both cellular and satellite technology to provide truly global tracking, automatically switching between the cellular and satellite links making it an ideal solution for use in a wide array of commercial applications including in transportation, shipping, logistics, fleet management and construction.
In February, in partnership with Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc., the Company's Global Telesat Communications ("GTC" subsidiary signed its latest government contract, a sales and support agreement with the UK Forestry Commission in connection with its purchase of up to 550 SPOT Gen3™ messengers for its remote field staff.
During the first quarter, the Company continued its global expansion with the launch of its first Asian marketplace on Amazon Japan. The launch of GTC Japan is the second international marketplace launched by the Company in the last two quarters and serves as the gateway for further expansion throughout Asia and into the Chinese market.
"The first quarter of 2016 continues the robust year-over-year and sequential growth trends established in our business late last year and reflects the large potential we see in global markets for mobile satellite services," said David Phipps, Chief Executive Officer of Orbital Tracking Corp. "As now being demonstrated in our financial results, our continued growth in product sales is producing a meaning shift in our business, one towards higher-margin, recurring revenue based on airtime usage from our growing customer base. Looking ahead to the remainder of 2016, we have reason to be optimistic that demand for our products remain strong and that top line revenue will to grow while margins continue to improve."
First Quarter 2016 Financial Results
For the first quarter ended March 31, 2016, consolidated revenues increased by 62% to approximately $1,295,264 as compared to $799,698 reported for the quarter ended March 31, 2015.
Comparable revenue increased 35.8% and 204.9% for the Company's wholly owned subsidiaries, GTC and Orbital Satcom Corp., for the three months ended March 30, 2016. Total sales for GTC were $922,223 for the three months ended March 31, 2016 as compared to $679,112 for the three months ended March 31, 2015, an increase of $243,111 or 35.8%. Total sales for Orbital Satcom Corp. were $367,771 for the three months ended March 31, 2016 as compared to $120,586 for the three months ended March 31, 2015, an increase of $247,185 or 205%.
Results in the quarter were driven by the addition of new international marketplaces, continued growth across all geographies and the addition of increasing recurring revenue derived from a 33.1% increase in monthly contract customers versus the year ago period. Sales in the quarter at the Company's third-party e-commerce sites increased by 63.5% in the UK, by 21.4% in the EU and by 5.0% in the US.
Net income for the quarter ended March 31, 2016 was approximately $59,946 as compared to a net loss of approximately $421,982 in the comparable quarter of 2015. Comprehensive income was $61,985 for the quarter, as the Company recorded a gain for foreign currency translation adjustments for the three months ended March 31, 2016 of $2,039, as compared to a comprehensive loss of $422,466, for the three months ended March 31, 2015.
The results of the quarter reflect improved sales, offset by significant increases in expenses related to the expansion of the business, expenses not expected to materially increase throughout the remainder of 2016. Also positively impacting first quarter 2016 results was the elimination of non-cash stock compensation expenses offset by higher professional fees.
Insider Financial Coverage: Orbital Tracking Corp Rebounds Big Time
By Alex Carlson / in Momentum Stocks, Stocks, Tech / May 2016
http://www.insiderfinancial.com/orbital-track...me/115534/
We told Insider Financial readers back in March that Orbital Tracking Corp (OTCBB:TRKK) was looking to rebound. The company was the target of a vicious short attack that decimated its share price and hurt TRKK’s loyal shareholder base. Now, however, shares have come roaring back with a vengeance and the worst looks to be over for this undervalued satellite play.
TRKK has captured a lot of interest from investors and built a loyal shareholder base. This includes billionaire Dr. Phillip Frost, who has invested in TRKK through his his private investment firm, Frost Gamma Investments.
Orbital Tracking Corp provides satellite based tracking, services as well as mobile voice and data communications services globally via satellite to the commercial and government users. Orbital specializes in services related to the Globalstar satellite constellation, including ground station construction, simplex tracking services and satellite telecommunications voice airtime. Orbital operates various e-commerce retail and tracking portals where users around the world can purchase satellite hardware and track assets in real-time on mobile devices or PCs.
Driving the rebound in shares was the company reported a profitable Q1 on Monday the 16th. Consolidated revenues increased by 62% to approximately $1,295,264 as compared to $799,698 reported for the quarter ended March 31, 2015. Comparable revenue increased 35.8% and 204.9% for the Company’s wholly owned subsidiaries, GTC and Orbital Satcom Corp., for the three months ended March 30, 2016. Total sales for GTC were $922,223 for the three months ended March 31, 2016 as compared to $679,112 for the three months ended March 31, 2015, an increase of $243,111 or 35.8%. Total sales for Orbital Satcom Corp. were $367,771 for the three months ended March 31, 2016 as compared to $120,586 for the three months ended March 31, 2015, an increase of $247,185 or 205%.
Net income for the quarter ended March 31, 2016 was approximately $59,946 as compared to a net loss of approximately $421,982 in the comparable quarter of 2015. Comprehensive income was $61,985 for the quarter, as the company recorded a gain for foreign currency translation adjustments for the three months ended March 31, 2016 of $2,039, as compared to a comprehensive loss of $422,466, for the three months ended March 31, 2015.
In March, TRKK announced that it had developed its first global tracking product, a dual-mode asset tracker, which will be available in the marketplace later this year following final testing and receipt of necessary regulatory and compatibility certifications. The first product designed and developed by the company, the dual-mode tracker utilizes both cellular and satellite technology to provide truly global tracking, automatically switching between the cellular and satellite links making it an ideal solution for use in both populated and remote areas, including trans-oceanic routes. For commercial users in Transportation, Shipping, Logistics, Fleet Management and Construction, it features detailing reporting alerts, status and GPS location data allowing cargo and vehicles to be tracked nearly anywhere in the world while lowering operating costs by utilizing cellular when available and satellite in remote areas, optimizing roaming charges and delivering significant cost savings.
In February, in partnership with Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc (NYSEMKT:GSAT), the company’s Global Telesat Communications subsidiary signed its latest government contract, a sales and support agreement with the UK Forestry Commission in connection with its purchase of up to 550 SPOT Gen3 messengers for its remote field staff. TRKK also launched its online retail operations in Japan, its first in Asia, through an online storefront on Amazon Japan. The new Japanese website is the latest addition to the Company’s growing global online sales footprint which now includes the UK, North America, Germany, France, Spain and Italy, and is an important launching point for the company’s expected launch into China later in 2016.
Share Structure Tiny Float!
a/o Aug. 9th 2016:
Authorized: 500,000,000
Issued and Outstanding: 36,144,414
Restricted: N/A
Transfer Agent
237 W 37th St #601
New York, NY 10018
212-575-5757
http://www.equitystock.com
info@equitystock.com
Global Telesat Communications Chosen to Supply Mobile Satellite Services in Support of African State Elections [Marketwired] August 16, 2016
http://finance.yahoo.com/news/global-telesat-...00680.html
AVENTURA, FL--(Marketwired - August 16, 2016) - Orbital Tracking Corp., (TRKK) (the "Company"
, today announced receipt of a new product and services order in support of the Electoral Commission of Zambia (ECZ). Global Telesat Communications Ltd. (GTCL), a wholly owned subsidiary of Orbital Tracking Corp., has provided more than 200 Thuraya XT Pro satellite phones, Thuraya IP satellite broadband terminals and RedPort Optimizers together with associated airtime, and supplied customer support services to ECZ and its staff during the country's presidential elections which took place on August 11. This is the largest sale of its kind secured by GTC in Africa and its positive impact will be reflected in the Company's financial results for the quarter ended September 30, 2016. "We are pleased to have been awarded this significant new order, the largest for GTCL in Africa and further evidence that our expanding global footprint is firmly establishing us as a premier provider of satellite-based communications products and services across the world," said David Phipps, CEO of Orbital Tracking Corp. and Managing Director of Global Telesat Communications.
About Global Telesat Communications Ltd.
Global Telesat Communications Ltd (GTC) is a supplier of mobile voice and data communications services via satellite. GTC provides equipment and airtime for use on all the major satellite networks including Globalstar, Inmarsat, Iridium and Thuraya allowing users in remote locations to make phone calls, connect to the internet and track assets or personnel anywhere in the world. GTC also offers a rental service for customers requiring equipment on a short-term basis. For more information regarding GTC, please visit www.globaltelesat.co.uk.
About Orbital Tracking Corp.
Orbital Tracking Corp. provides satellite based tracking, services as well as mobile voice and data communications services globally via satellite to the commercial and Government users. Orbital specializes in services related to the Globalstar satellite constellation, including ground station construction, simplex tracking services and satellite telecommunications voice airtime. Orbital operates various e-commerce retail and tracking portals where users around the world can purchase satellite hardware and track assets in real-time on mobile devices or PCs. For more information regarding Orbital, please visit www.OrbitalTracking.com.
Orbital Tracking Corp. Reports Profitable First Quarter 2016 Financial Results
[Marketwired] May 16, 2016
http://finance.yahoo.com/news/orbital-trackin...00985.html
AVENTURA, FL--(Marketwired - May 16, 2016) - Orbital Tracking Corp. (TRKK) ("Orbital Tracking" or the "Company"
, today reported financial results for the three months ended March 31, 2016. First Quarter 2016 Highlights
Late in the first quarter, the Company announced that it developed its first global tracking product, a dual-mode asset tracker, which will be available in the marketplace later this year following final testing and receipt of necessary regulatory and compatibility certifications. The first product designed and developed by the Company, the dual-mode tracker utilizes both cellular and satellite technology to provide truly global tracking, automatically switching between the cellular and satellite links making it an ideal solution for use in a wide array of commercial applications including in transportation, shipping, logistics, fleet management and construction.
In February, in partnership with Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc., the Company's Global Telesat Communications ("GTC"
subsidiary signed its latest government contract, a sales and support agreement with the UK Forestry Commission in connection with its purchase of up to 550 SPOT Gen3™ messengers for its remote field staff. During the first quarter, the Company continued its global expansion with the launch of its first Asian marketplace on Amazon Japan. The launch of GTC Japan is the second international marketplace launched by the Company in the last two quarters and serves as the gateway for further expansion throughout Asia and into the Chinese market.
"The first quarter of 2016 continues the robust year-over-year and sequential growth trends established in our business late last year and reflects the large potential we see in global markets for mobile satellite services," said David Phipps, Chief Executive Officer of Orbital Tracking Corp. "As now being demonstrated in our financial results, our continued growth in product sales is producing a meaning shift in our business, one towards higher-margin, recurring revenue based on airtime usage from our growing customer base. Looking ahead to the remainder of 2016, we have reason to be optimistic that demand for our products remain strong and that top line revenue will to grow while margins continue to improve."
First Quarter 2016 Financial Results
For the first quarter ended March 31, 2016, consolidated revenues increased by 62% to approximately $1,295,264 as compared to $799,698 reported for the quarter ended March 31, 2015.
Comparable revenue increased 35.8% and 204.9% for the Company's wholly owned subsidiaries, GTC and Orbital Satcom Corp., for the three months ended March 30, 2016. Total sales for GTC were $922,223 for the three months ended March 31, 2016 as compared to $679,112 for the three months ended March 31, 2015, an increase of $243,111 or 35.8%. Total sales for Orbital Satcom Corp. were $367,771 for the three months ended March 31, 2016 as compared to $120,586 for the three months ended March 31, 2015, an increase of $247,185 or 205%.
Results in the quarter were driven by the addition of new international marketplaces, continued growth across all geographies and the addition of increasing recurring revenue derived from a 33.1% increase in monthly contract customers versus the year ago period. Sales in the quarter at the Company's third-party e-commerce sites increased by 63.5% in the UK, by 21.4% in the EU and by 5.0% in the US.
Net income for the quarter ended March 31, 2016 was approximately $59,946 as compared to a net loss of approximately $421,982 in the comparable quarter of 2015. Comprehensive income was $61,985 for the quarter, as the Company recorded a gain for foreign currency translation adjustments for the three months ended March 31, 2016 of $2,039, as compared to a comprehensive loss of $422,466, for the three months ended March 31, 2015.
The results of the quarter reflect improved sales, offset by significant increases in expenses related to the expansion of the business, expenses not expected to materially increase throughout the remainder of 2016. Also positively impacting first quarter 2016 results was the elimination of non-cash stock compensation expenses offset by higher professional fees.
Insider Financial Coverage: Orbital Tracking Corp Rebounds Big Time
By Alex Carlson / in Momentum Stocks, Stocks, Tech / May 2016
http://www.insiderfinancial.com/orbital-track...me/115534/
We told Insider Financial readers back in March that Orbital Tracking Corp (OTCBB:TRKK) was looking to rebound. The company was the target of a vicious short attack that decimated its share price and hurt TRKK’s loyal shareholder base. Now, however, shares have come roaring back with a vengeance and the worst looks to be over for this undervalued satellite play.
TRKK has captured a lot of interest from investors and built a loyal shareholder base. This includes billionaire Dr. Phillip Frost, who has invested in TRKK through his his private investment firm, Frost Gamma Investments.
Orbital Tracking Corp provides satellite based tracking, services as well as mobile voice and data communications services globally via satellite to the commercial and government users. Orbital specializes in services related to the Globalstar satellite constellation, including ground station construction, simplex tracking services and satellite telecommunications voice airtime. Orbital operates various e-commerce retail and tracking portals where users around the world can purchase satellite hardware and track assets in real-time on mobile devices or PCs.
Driving the rebound in shares was the company reported a profitable Q1 on Monday the 16th. Consolidated revenues increased by 62% to approximately $1,295,264 as compared to $799,698 reported for the quarter ended March 31, 2015. Comparable revenue increased 35.8% and 204.9% for the Company’s wholly owned subsidiaries, GTC and Orbital Satcom Corp., for the three months ended March 30, 2016. Total sales for GTC were $922,223 for the three months ended March 31, 2016 as compared to $679,112 for the three months ended March 31, 2015, an increase of $243,111 or 35.8%. Total sales for Orbital Satcom Corp. were $367,771 for the three months ended March 31, 2016 as compared to $120,586 for the three months ended March 31, 2015, an increase of $247,185 or 205%.
Net income for the quarter ended March 31, 2016 was approximately $59,946 as compared to a net loss of approximately $421,982 in the comparable quarter of 2015. Comprehensive income was $61,985 for the quarter, as the company recorded a gain for foreign currency translation adjustments for the three months ended March 31, 2016 of $2,039, as compared to a comprehensive loss of $422,466, for the three months ended March 31, 2015.
In March, TRKK announced that it had developed its first global tracking product, a dual-mode asset tracker, which will be available in the marketplace later this year following final testing and receipt of necessary regulatory and compatibility certifications. The first product designed and developed by the company, the dual-mode tracker utilizes both cellular and satellite technology to provide truly global tracking, automatically switching between the cellular and satellite links making it an ideal solution for use in both populated and remote areas, including trans-oceanic routes. For commercial users in Transportation, Shipping, Logistics, Fleet Management and Construction, it features detailing reporting alerts, status and GPS location data allowing cargo and vehicles to be tracked nearly anywhere in the world while lowering operating costs by utilizing cellular when available and satellite in remote areas, optimizing roaming charges and delivering significant cost savings.
In February, in partnership with Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc (NYSEMKT:GSAT), the company’s Global Telesat Communications subsidiary signed its latest government contract, a sales and support agreement with the UK Forestry Commission in connection with its purchase of up to 550 SPOT Gen3 messengers for its remote field staff. TRKK also launched its online retail operations in Japan, its first in Asia, through an online storefront on Amazon Japan. The new Japanese website is the latest addition to the Company’s growing global online sales footprint which now includes the UK, North America, Germany, France, Spain and Italy, and is an important launching point for the company’s expected launch into China later in 2016.
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