Orbital Tracking Corp (TRKK) could be another scenario where being ahead of the curve becomes Very Important and 2016 could be THE YEAR to be watching for opportunity in this market.
Why? (TRKK) is involved in the Asset Management Systems market. And if you’re not familiar with this space just yet, start by knowing that this is a market growing at a 20.5% compound annual growth rate and estimated to reach a value of 18.87 billion by 2020 according to research by Market and Markets.
The first product designed and developed by (TRKK), 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.
Think about it for a minute. How do you think you actually know where a package is at any given point? Is it pure magic or maybe leprechauns? No. It’s a fully built infrastructure supported by continued innovation from companies like (TRKK).
For commercial users in Transportation, Shipping, Logistics, Fleet Management and Construction, it features detailed 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.
(TRKK) 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.
Are You A Numbers Person?
If you’re like many of us, you want to see what’s under the hood and not just hear about The Next Big Industry To Boom. (TRKK) looks like it’s just getting going and compared to many other OTC’s, the numbers are speaking volumes in our opinion.
For starters, when the company reverse merged, Orbital Tracking Corp. was launched as a fully operational Mobile Satellite Solutions business servicing more than 5,000 existing customers in the international marketplace. As a result TRKK has been able to benefit from reporting strong numbers in its financials.
For the company’s recently reported financial statements, for the year ended December 31, 2015, consolidated revenues increased by 63.2% to approximately $3,950,600 from $2,420,600 reported for the year ended December 31, 2014. Sales by the Company’s wholly owned UK-based subsidiary GTCL increased by 14.2%, or approximately $349,000 to approximately $2,770,000. Sales by Orbital Satcom Corp., the Company’s wholly owned US-based subsidiary, which launched in early 2015, were approximately $1,181,000.
Together with strong sales from the Company’s websites and e-commerce storefronts across all geographies, the company was able to increase sales figures across the board. For example, Amazon France and US sales increased by 185% and 70%, respectively, while Germany, Italy and Spain comparable sales increased by approximately 70%.
TRKK has also realized strong quarter over quarter growth with net sales increasing from $799,698 in Q1 of 2015 to nearly $1.3million in the first quarter of 2016. Streamlined operations and lower overall cost of sales boosted gross profits from 28.3% in 2015 up 5.5% to 33.8% in Q1 of 2016! Further to this TRKK posted a comprehensive net income of roughly $62,00 as compared to a net loss of $422.5k a year prior…so if you’re a numbers person, you can’t argue with growth being a HUGE proponent to TRKK’s growth pattern carrying over from 2015 into 2016.
New Partnerships to Bolster Expansion
Throughout the course of the short time that TRKK has been in the public eye, the company has certainly been making MAJOR STEPS toward securing new partnerships. This includes tapping higher markets to do so.
Earlier this year, TRKK announced that it has completed final delivery and setup of new SPOT Gen3 messengers for the UK Forestry Commission as part of its partnership with Globalstar (NYSE MKT: GSAT). Under the terms, up to 550 of the SPOT Gen3 devices will be used by the Forestry Commission to enhance the safety of its staff when working in areas with unreliable mobile phone and radio communications. But the potential here just isn’t in this one single order in our opinion either. Globalstar has more than 688,000 customers in countries around the world, which could open much more opportunity in the future for TRKK to capitalize on.
Further expanding on its online presence, TRKK also has managed to launch a subsidiary ain China (Global Telesat Communications) on Alibaba.com’s (BABA) marketplace. Being that Alibaba is one of the world’s largest e-commerce marketplaces, this could quickly add much more leverage for expansion throughout the Asian marketplace. According to TRKK, the new commercial retail site was launched with an initial selection of over 100 of the top-selling mobile satellite communications products from leading providers including Globalstar, Inmarsat, Thuraya and DeLorme as well as a wide selection of airtime subscription plans.
The Clock Starts Now
We’re not talking about some company that has an idea to do something someday. TRKK is already revenue generating to the tune of more than $1million per quarter and at a rate of more than 30%. We feel that the company’s progress throughout 2015 and into early 2016 stands as a testament to its true potential within this multi-billion dollar space. All too often do you hear about the next big industry entrant but then come to find that they are still pre revenue.
(TRKK) not only has posted revs but they are in the multi-millions to this point. Furthermore, the next move up that could be brewing from the look of the bottomed out chart could put (TRKK) in a whole new echelon as far as we’re concerned.
If there was ever a time to look at a company roughly valued at only 2x revenue, now could be that time because as many know, in the networking technology space, P/E is somewhere in the realm of 24x! This is a huge testament to the growth potential of TRKK in our opinion and right now we are seeing this both at bottom levels and during a period of year over year and quarter over quarter growth!
If you choose, pull up TRKK NOW, read the filings and news for yourself, and be ready to trade.
MIDAM VENTURES, LLC was paid an advertising fee of $75,000 cash & ZERO Restricted Common shares byOrbital Tracking Corp (TRKK) for visual sponsorship and for visual placement Orbital Tracking Corp (TRKK) within written materials. FOR A DURATION OF 60 DAYS Beginning 5/16/2016 & ending 7/16/2016.