(NEW YORK)–Orbsat Corp (OTCQB:OSAT), a global provider of communication solutions for connectivity to the world through next-generation satellite technology, offers real upside potential based on low market valuation, and solid revenue growth of data services.
OSAT subsidiaries, Orbital Satcom and Global Telesat Communications, provide global satellite connectivity solutions to more than 35,000 customers located in over 160 countries across the world.
Technology, and online technology specifically, is only as good as its connection to the Internet. OSAT satellite technology allows users in more rural areas to access a global network, be it be from rural farms in Africa, emergency service in the Arctic Circle, or ships in middle of the ocean. OSAT services these areas through their satellite network, and has making to be a major global IoT service provider based on their technology.
Third quarter 2019 revenues increased to approximately $1,746,525, representing an approximately 26% increase over the third quarter of 2018, driven by strong global demand for satellite enabled tracking and emergency response systems, voice, data and IoT solutions, and recurring revenue airtime services.
As of Nov. 14, 2019, the Company had just 121,216 shares outstanding, and super low float of 32,835 shares. This gives OSAT a current market cap of only $367,000 at a price of $3.00 per share on company with growing revenues for their satellite data services.
Taking in their solid growth in revenues for their global satellite data service, potential to be a major provider in global IoT services, and wildly low market cap valuation under $500,000 puts OSAT in place for potential trade to $10 to $15+.
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About Orbsat Corp
Orbsat provides services and solutions to fulfill the rapidly growing global demand for satellite-based voice, high-speed data, tracking and IoT connectivity services. Building upon its long-term experience providing government, commercial, military and individual consumers with Mobile Satellite Services, Orbsat is positioned to capitalize on the significant opportunities being created by global investments in new and upgraded satellite networks. Orbsat’s U.S. and European based subsidiaries, Orbital Satcom and Global Telesat Communications, have provided global satellite connectivity solutions to more than 35,000 customers located in over 160 countries across the world.
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This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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