Wait until.......
Laura:
Wait until divisions [2] and [3] starts making money which they will
most likely by Q4 98 or Q1 99,then the fun really begins,you with me??
The company's quarterly financial results by business sector were as follows:
[1] For the first quarter of 1998, Orbital's space and ground infrastructure systems sector, including launch vehicles, satellites, electronics and sensors and ground systems, reported revenues of $156,341,000, an increase of 47% over 1997 first quarter revenues of $106,199,000. Infrastructure systems provided net income of approximately $15,961,000 in the 1998 first quarter, up 98% over 1997 first quarter net income of $8,069,000.
[2] The company's satellite access products sector, including mobile satellite navigation, positioning and communications products and transportation management systems, generated revenues of $29,754,000 for the quarter, an increase of 90% over the 1997 comparable quarter. This sector reported a net loss in the first quarter of 1998 of $769,000 as compared to net income of $718,000 in the 1997 first quarter.
[3] As anticipated, the company's satellite services sector, consisting of its ORBCOMM Global, L.P. and ORBIMAGE affiliates, reported net losses of $8,673,000 in the first quarter of 1998 as compared to net losses of $3,693,000 in the 1997 comparable quarter. |
