Orbital Tracking Corp. (OTCQB: TRKK) has reported financial results for the three and six months ended June 30, 2017, the company said.
During the quarter ended June 30, 2017, the company´s wholly owned subsidiaries Global Telesat Communications Ltd. (“GTC”) and Orbital Satcom Corp. (“OSC”) continued to record combined sales at record levels despite the continued adverse effects of currency fluctuations.
This increase in sales during the quarter was a result of numerous diversified factors including revenue from new product lines, an increase in sales through e-commerce website sales and to recurring revenue airtime customers, and a 65% year-on-year increase in sales on our Amazon EU storefronts.
Orbital Tracking Corp. provides satellite based tracking, services as well as mobile voice and data communications services globally via satellite to the commercial and government users. Orbital specializes in services related to the Globalstar satellite constellation, including ground station construction, simplex tracking services and satellite telecommunications voice airtime. Orbital 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. For more information regarding Orbital, visit www.orbitaltracking.com.