Quarterly Revenue Increases 62% and Gross Margins Improve 34% Driven by Increased Subscription-Based Revenue AVENTURA, FL--(Marketwired - May 16, 2016) - Orbital Tracking Corp. (OTCQB: TRKK) ("Orbital Tracking" or the "Company"), today reported financial results for the three months ended March 31, 2016. First Quarter 2016 Highlights Late in the first quarter, the Company announced that … [Read more...]
Orbital Tracking Corp. Completes $1.1 Million Private Placement
Orbital Tracking Corp. announced today that it has raised $1.1 million in two private placements with new and existing institutional shareholders. The Company sold an aggregate of 1,100,000 shares of Series F Preferred Stock for an aggregate purchase price of $550,000 and an aggregate of $605,000 in principal amount of original issue discount convertible notes due December 28, 2017 for an … [Read more...]
