Inactive Instrument

Orbital Infrastructure Group, Inc.

OIGBQ

US68559A2087

Orbital Energy: Q2 Earnings Snapshot

August 11, 2022 at 07:19 am EDT

HOUSTON (AP) _ Orbital Energy Group, Inc. (OIG) on Thursday reported a loss of $30.8 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 32 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 24 cents per share.

The electronics company posted revenue of $93.9 million in the period.

Orbital Energy expects full-year revenue in the range of $405 million to $450 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OIG at https://www.zacks.com/ap/OIG

Latest news about Orbital Infrastructure Group, Inc.

Orbital Infrastructure Group, Inc. Went Out of Business	Dec. 05	CI
Second Amended Combined Liquidation Plan and Disclosure Statement Approved for Orbital Infrastructure Group, Inc.	Nov. 28	CI
Second Amended Combined Joint Liquidation Plan and Disclosure Statement Filed by Orbital Infrastructure Group, Inc.	Nov. 22	CI
First Amended Combined Joint Liquidation Plan and Disclosure Statement Filed by Orbital Infrastructure Group, Inc.	Nov. 14	CI
North American Morning Briefing : Stock Futures -2-	Nov. 13	DJ
Combined Hearing for Disclosure Statement and Plan Approved for Orbital Infrastructure Group, Inc.	23-10-19	CI
Combined Joint Liquidation Plan and Disclosure Statement Filed by Orbital Infrastructure Group, Inc.	23-10-16	CI
Motion for Asset Sale Approved for Orbital Infrastructure Group, Inc.	23-10-05	CI
Motion for Asset Sale Approved for Orbital Infrastructure Group, Inc.	23-10-05	CI
Bidding Procedure Approved for Orbital Infrastructure Group, Inc.	23-09-20	CI
Final DIP Financing Approved for Orbital Infrastructure Group, Inc.	23-09-20	CI
North American Morning Briefing : PCE Inflation -2-	23-08-31	DJ
Orbital Infrastructure Group, Inc.(NasdaqCM:OIG) dropped from S&P TMI Index	23-08-29	CI
Orbital Infrastructure Group, Inc.(OTCPK:OIGB.Q) dropped from NASDAQ Composite Index	23-08-28	CI
Interim DIP Financing Approved for Orbital Infrastructure Group, Inc.	23-08-25	CI
Sector Update: Energy Stocks Lower Late Afternoon	23-08-24	MT
Sector Update: Energy	23-08-24	MT
Top Midday Decliners	23-08-24	MT
Technology Sector Surges After Stellar Nvidia Earnings as US Equities Poised for Mixed Open	23-08-24	MT
Forecast-Beating Nvidia Results, Outlook Boost Exchange-Traded Funds, Equity Futures Premarket Thursday	23-08-24	MT
Top Premarket Decliners	23-08-24	MT
North American Morning Briefing : Nasdaq Futures -2-	23-08-24	DJ
Orbital Infrastructure Group, Some Subsidiaries Seek Chapter 11 Bankruptcy Protection	23-08-24	MT
Motion for Asset Sale Filed by Orbital Infrastructure Group, Inc.	23-08-24	CI
Motion for Joint Administration Approved for Orbital Infrastructure Group, Inc.	23-08-24	CI

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Orbital Infrastructure Group, Inc. is a diversified infrastructure services company serving customers in the electric power, telecommunications, and renewable markets. Its Electric Power segment provides comprehensive infrastructure solutions to customers in the electric power industry. Its services include engineering, design, installation, upgrade, repair and maintenance of electric power transmission and distribution infrastructure and substation facilities as well as emergency restoration services. Its Telecommunications segment is made up of Gibson Technical Services, Inc. (GTS) and subsidiaries. GTS is a telecommunications company providing diversified telecommunications services and operates a range of subsidiaries, such as IMMCO, Inc., Full Moon Telecom, LLC, and Coax Fiber Solutions, LLC. Its Renewables segment provides engineering, procurement and construction services that support the development of renewable energy generation focused on utility-scale solar construction.

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