Orbital Infrastructure Group, Inc. (CUI) [Rocket]

Overview

Orbital Infrastructure Group, Inc. (CUI)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
10/12/2023	8-K	Quarterly results
08/24/2023	8-K	Bankruptcy or Receivership, Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation unde...
08/23/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure...
08/15/2023	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
07/11/2023	8-K	Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Financial Statements and Exhi...
06/30/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing  Interact...

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	82.9	21.5	23.5	20.3	18.8	86.5	86.2	76.0
Revenue growth	286.0%	-8.5%	15.5%	8.0%	-78.2%	0.3%	13.4%	25.4%
Cost of goods sold	78.6	19.6	17.7	17.8	12.9	54.2	53.9	47.5
Gross profit	4.3	1.9	5.8	2.6	5.9	32.3	32.3	28.6
Gross margin	5.2%	8.9%	24.7%	12.6%	31.5%	37.3%	37.4%	37.5%
Selling, general and administrative	50.0	19.0	20.1	18.6	17.5	34.2	33.0	25.9
Research and development			0.1	0.2	0.2	2.0	1.8	1.3
EBITA	-45.1	-22.4	-15.5	-15.9	-11.3	-4.6	-3.3	0.8
EBITA margin	-54.4%	-104.3%	-65.8%	-78.1%	-60.0%	-5.3%	-3.9%	1.0%
Amortization of intangibles	7.7	4.4	1.6	1.9	1.8	1.9	2.4	3.7
EBIT	-52.8	-26.8	-17.1	-17.8	-13.2	-6.5	-5.7	-2.9
EBIT margin	-63.6%	-124.9%	-72.7%	-87.4%	-69.8%	-7.5%	-6.6%	-3.8%
Pre-tax income	-60.4	-27.2	-16.6	-22.7	-16.2	-7.2	-6.4	-3.5
Income taxes	-10.5	-1.5	-3.0	-1.3	-2.3	0.0	-0.4	-0.7
Tax rate	17.4%	5.3%	17.8%	5.9%	13.9%		6.4%	20.6%
Earnings from continuing ops	-48.5	-24.4	-13.6	-21.3	-13.9	-7.3	-6.0	-2.8
Earnings from discontinued ops	-12.7	-3.1
Net income	-61.3	-27.4	-1.1	-17.3	-12.6	-7.3	-6.0	-2.8
Net margin	-73.8%	-127.7%	-4.8%	-85.2%	-66.8%	-8.4%	-6.9%	-3.7%

Diluted EPS	($0.83)	($0.81)	($0.48)	($0.75)	($0.62)	($0.35)	($0.29)	($0.14)
Shares outstanding (diluted)	58.3	29.9	28.7	28.5	22.4	20.9	20.8	20.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.