|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||2.1200 - 2.1200|
|52 Week Range||1.9000 - 4.9700|
|Beta (5Y Monthly)||2.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
AVENTURA, FL / ACCESSWIRE / August 27, 2020 / Orbsat Corp (OTCQB:OSAT) ("Orbsat" or the "Company"), a global provider of communication solutions for connectivity to the world through next-generation satellite technology, today announced the closing of private placement of its securities.
Company Reports Profitable Quarterly Results and a 62.
This growth was driven primarily by an increase in North American sales through the Company's Orbital Satcom US subsidiary which experienced a 59.7% sales increase in Q1 2020 revenue as compared with to the same period in 2019. The Company's UK subsidiary, Global Telesat Communications, which operates in a number of European countries affected by strict COVID-19 lockdown measures introduced in March 2020, experienced a slight decline of 0.4% in Q1 2020 revenue as compared to the same period in 2019 (in local currency terms), due mainly to a temporary decline in rental bookings by recreational users. Gross Margin for the first quarter of 2020 increased to 23.7% as compared to 18.9% for the first quarter of 2019.