Inactive Instrument

Orbital Infrastructure Group, Inc.

Equities

OIGBQ

US68559A2087

Orbital Infrastructure Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022

November 14, 2022 at 04:07 pm EST

Orbital Infrastructure Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 99.82 million compared to USD 24.82 million a year ago. Net loss was USD 142.07 million compared to USD 10.15 million a year ago. Basic loss per share from continuing operations was USD 48.8 compared to USD 6 a year ago. Basic loss per share was USD 49.2 compared to USD 6.4 a year ago.
For the nine months, sales was USD 263.99 million compared to USD 41.9 million a year ago. Net loss was USD 210.49 million compared to USD 36.31 million a year ago. Basic loss per share from continuing operations was USD 84.8 compared to USD 25.6 a year ago. Basic loss per share was USD 86 compared to USD 27.2 a year ago.

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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Company Profile

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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