Private company

Orbital Infrastructure Group, Inc.

American wholesale-electronic parts and equipment company based in Houston2

In its 2023 annual report the company says: “The Company is a diversified infrastructure services company serving customers in the electric power, telecommunications, and renewable markets. The Company’s corporate overhead activities are included in Other.”70

Last updated Oct 20, 2026.

Overview

  • IndustryWholesale-Electronic Parts & Equipment, NEC2
  • HeadquartersHouston, United States2
  • Incorporated inCO3
  • Business address5444 Westheimer Road, Suite 1650, Houston, Tx 770563
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formFor-Profit Corporation2
  • LEI549300Z34T2S6KBY7S352
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O WILLIAM J. CLOUGH, 77038 Houston, United States2
  • Registered withCorporations Section (Texas Secretary of State), 08046656852

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-1.9%Gross margin4
-58.2%Operating margin4
-85.7%Net margin4
288.5%Revenue growth, 20224
-$24.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue79¢$328.3M
  • Selling, general and admin11¢$47.4M
  • Interest9¢$37.8M
  • Income tax0¢$846.0K

Out of $322.2M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$322.2M in 2022+273% since 2016
0$100.0M$200.0M$300.0M$400.0M2016: $86.5M$86.5M20162017: $18.8M$18.8M2017−78%2018: $20.3M$20.3M2018+8%2019: $23.5M$23.5M2019+15%2020: $21.5M$21.5M2020−9%2021: $82.9M$82.9M2021+286%2022: $322.2M$322.2M2022+288%
Gross profit56874-$6.1M in 2022
-$10.0M0$10.0M$20.0M$30.0M$40.0M2016: $32.3M$32.3M20162017: $5.9M$5.9M2017−82%2018: $2.6M$2.6M2018−57%2019: $5.8M$5.8M2019+127%2020: $1.9M$1.9M2020−67%2021: $4.3M$4.3M2021+125%2022: -$6.1M-$6.1M2022
Operating income56874-$187.6M in 2022+2781% since 2016
-$200.0M-$150.0M-$100.0M-$50.0M02016: -$6.5M-$6.5M20162017: -$16.3M-$16.3M2017+150%2018: -$22.1M-$22.1M2018+36%2019: -$16.0M-$16.0M2019−28%2020: -$22.0M-$22.0M2020+37%2021: -$52.8M-$52.8M2021+140%2022: -$187.6M-$187.6M2022+255%
Net income56874-$276.2M in 2022+3701% since 2016
-$300.0M-$200.0M-$100.0M02016: -$7.3M-$7.3M20162017: -$12.6M-$12.6M2017+73%2018: -$17.3M-$17.3M2018+38%2019: -$1.1M-$1.1M2019−93%2020: -$27.4M-$27.4M2020+2331%2021: -$61.3M-$61.3M2021+123%2022: -$276.2M-$276.2M2022+351%
Fiscal year2016201720182019202020212022
Revenue$86.5M5$18.8M6$20.3M6$23.5M6$21.5M7$82.9M4$322.2M4
Cost of revenue$54.2M5$12.9M6$17.8M6$17.7M8$19.6M7$78.6M4$328.3M4
Gross profit$32.3M5$5.9M6$2.6M6$5.8M8$1.9M7$4.3M4-$6.1M4
Research and development$2.0M5$222.0K6$155.0K6$139.0K8$45.0K8
Selling, general and admin$34.2M5$17.5M6$18.6M6$20.1M8$19.0M7$50.0M4$47.4M4
Operating expenses$57.1M4$181.5M4
Operating income-$6.5M5-$16.3M6-$22.1M6-$16.0M8-$22.0M7-$52.8M4-$187.6M4
Interest$467.0K5$201.0K6$216.0K6$61.0K8$1.3M7$8.3M4$37.8M4
Income before tax-$60.4M4-$277.1M4
Income tax$38.0K5-$2.3M6-$1.3M6-$3.0M8-$1.5M7-$10.5M4$846.0K4
Net income-$7.3M5-$12.6M6-$17.3M6-$1.1M8-$27.4M7-$61.3M4-$276.2M4
Earnings per share-$0.355-$0.565-$0.615-$1.054-$2.554
Earnings per share (diluted)-$0.355-$0.565-$0.615
Shares (weighted, basic)58.3M shares4108.3M shares4

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Corporate structure

Orbital Infrastructure Group, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Orbital Infrastructure Group, Inc.

  • Streeterville Capital LLC Filed SC 13G on Orbital Infrastructure Group, Inc., latest Feb 24, 2023
  • Irradiant Partners, LP Filed SC 13G on Orbital Infrastructure Group, Inc., latest Feb 13, 2023
  • Kurt A. Johnson Jr. Filed SC 13G/A on Orbital Infrastructure Group, Inc., latest Feb 15, 2022 (2 filings since Dec 3, 2021)
  • Altium Capital Management LLC Filed SC 13G/A on Orbital Infrastructure Group, Inc., latest Feb 11, 2022
  • Empery Asset Management, LP Filed SC 13G/A on Orbital Infrastructure Group, Inc., latest Jan 11, 2022
  • SABBY MANAGEMENT, LLC Filed SC 13G/A on Orbital Infrastructure Group, Inc., latest Jan 3, 2022
  • Dennis Ray Janak Filed SC 13G on Orbital Infrastructure Group, Inc., latest Dec 3, 2021
  • Tidal Power Group LLC Filed SC 13G on Orbital Infrastructure Group, Inc., latest Dec 3, 2021
  • Orbital Infrastructure Group, Inc. Houston, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Orbital Infrastructure Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$36.5M4 Dec 31, 2022$33.0M4 Dec 31, 2021+10.5%
Accumulated depreciation$13.6M4 Dec 31, 2022$3.4M4 Dec 31, 2021+299.4%
Property and equipment, net$22.9M4 Dec 31, 2022$29.6M4 Dec 31, 2021−22.6%
Finance-lease assets$8.4M4 Dec 31, 2022$14.7M4 Dec 31, 2021−42.9%
Operating-lease assets (leased space)$16.6M4 Dec 31, 2022$18.2M4 Dec 31, 2021−9.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$21.5M4 Dec 31, 2022$26.9M4 Dec 31, 2021−20.0%
Stakes in other companies (equity method)$1.1M4 Dec 31, 2022$1.1M4 Dec 31, 20210%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.0M4 Dec 31, 2022$100.9M4 Dec 31, 2021−93.1%
Intangible assets, net (excluding goodwill)$111.1M4 Dec 31, 2022$142.7M4 Dec 31, 2021−22.1%
Indefinite-lived intangibles (excluding goodwill)$13.4M4 Dec 31, 2022$22.7M4 Dec 31, 2021−41.0%
Finite-lived intangibles, gross$122.1M4 Dec 31, 2022$130.2M4 Dec 31, 2021−6.2%
Accumulated amortization$24.4M4 Dec 31, 2022$10.2M4 Dec 31, 2021+137.9%
Finite-lived intangibles, net$97.7M4 Dec 31, 2022$119.9M4 Dec 31, 2021−18.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.7M4 Dec 31, 2022$1.3M4 Dec 31, 2021+26.7%
Work in process$353.0K4 Dec 31, 2022$19.0K4 Dec 31, 2021+1757.9%
Finished goods$04 Dec 31, 2022$04 Dec 31, 2021

Leadership

Who has led Orbital Infrastructure Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John D. Thatch2006
  2. William J. Clough2008–2019
  3. James F. Oneil2019–2023
  4. La Doris Harris2021

Chair

  1. Colton Melby2008–2012
  2. William J. Clough2020–2023

President

  1. John D. Thatch2006
  2. William J. Clough2008–2019

Chief financial officer

  1. Mark R. Chandler2006
  2. Daniel Ned Ford2008–2021
  3. Nicholas M. Grindstaff2021–2022

Chief operating officer

  1. Clifford L. Melby2007–2008
  2. Matthew Murdock McKenzie2008–2011
2010201520202025
Board members and other officers (19)

Former names

  • Orbital Energy Group, Inc.May 15, 2020 to Aug 2, 20223
  • CUI Global, Inc.Dec 1, 2010 to May 8, 20203
  • Waytronx, Inc.Feb 4, 2008 to Jan 4, 20113
  • ONSCREEN TECHNOLOGIES INCAug 13, 2004 to Jan 7, 20083
  • NEW MILLENNIUM MEDIA INTERNATIONAL INCJul 24, 2000 to Jul 19, 20043

Timeline

  1. Dec 7, 20238-K Bankruptcy or receivership; Change to shareholders' rights; Executive or director change43
  2. Oct 27, 20238-K Completed an acquisition or sale44
  3. Oct 25, 20238-K Other events45
  4. Oct 12, 20238-K Entered a material agreement46
  5. Aug 30, 20238-K Entered a material agreement; New debt or obligation; Listing notice or transfer47
  6. Aug 24, 20238-K Bankruptcy or receivership; Debt or obligation accelerated; Regulation FD disclosure48
  7. Aug 23, 20238-K Listing notice or transfer; Regulation FD disclosure49
  8. Jul 11, 20238-K Entered a material agreement; Completed an acquisition or sale50
  9. Jun 30, 20238-K Listing notice or transfer51
  10. May 16, 20238-K Results of operations52
  11. May 10, 20238-K Other events53
  12. Apr 20, 20238-K Change to shareholders' rights; Bylaws or fiscal year changed54
  13. Jul 22, 2022Founded Orbital Infrastructure Group, Inc. is founded2
  14. Oct 21, 2021New chief executive La Doris Harris becomes CEO14
  15. Nov 18, 2019New chief executive James F. Oneil becomes CEO15
  16. Jun 10, 2008New chief executive William J. Clough becomes CEO16
  17. Jan 26, 2006New chief executive John D. Thatch becomes CEO17

Calendar

When it reported results

  1. May 16, 2023Reported quarterly or annual results52
  2. Apr 7, 2023Reported quarterly or annual results55
  3. Nov 14, 2022Reported quarterly or annual results56
  4. Nov 3, 2022Reported quarterly or annual results57
  5. Aug 11, 2022Reported quarterly or annual results58
  6. May 16, 2022Reported quarterly or annual results59
  7. Mar 31, 2022Reported quarterly or annual results60
  8. Nov 15, 2021Reported quarterly or annual results61

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

147 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 46 major events, 54 insider forms, 9 large holders, 30 other. The latest 20:

  1. Dec 12, 2023EFFECT EDGAR
  2. Dec 12, 2023EFFECT EDGAR
  3. Dec 12, 2023EFFECT EDGAR
  4. Dec 11, 2023EFFECT EDGAR
  5. Dec 11, 2023EFFECT EDGAR
  6. Dec 7, 202315-12G EDGAR
  7. Dec 7, 202315-12G EDGAR
  8. Dec 7, 20238-K EDGAR
  9. Dec 5, 2023POS AM EDGAR
  10. Dec 5, 2023POS AM EDGAR
  11. Dec 5, 2023POS AM EDGAR
  12. Dec 5, 2023POS AM EDGAR
  13. Dec 5, 2023POS AM EDGAR
  14. Dec 5, 2023S-8 POS EDGAR
  15. Dec 5, 2023S-8 POS EDGAR
  16. Dec 5, 2023S-8 POS EDGAR
  17. Dec 5, 2023S-8 POS EDGAR
  18. Dec 5, 2023S-8 POS EDGAR
  19. Dec 5, 2023S-8 POS EDGAR
  20. Dec 5, 2023S-8 POS EDGAR

The 147 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 21, 2022Cochennet SteveDirectorBuy30,000$0.81$24.3KForm 4
Jun 3, 2022Cochennet SteveDirectorBuy2,223$1.02$2.3KForm 4
Jun 2, 2022Cochennet SteveDirectorBuy27,777$1.00$27.8KForm 4
Dec 10, 2021ONEIL JAMES FChief Executive OfficerBuy111,000$2.69$298.6KForm 4
Dec 9, 2021ONEIL JAMES FChief Executive OfficerBuy50,000$2.68$134.0KForm 4
Dec 3, 2021ONEIL JAMES FChief Executive OfficerBuy80,000$2.28$182.4KForm 4
Dec 2, 2021ONEIL JAMES FChief Executive OfficerBuy50,000$2.30$115.0KForm 4
Nov 29, 2021ONEIL JAMES FChief Executive OfficerBuy60,000$2.52$151.2KForm 4
Nov 23, 2021ONEIL JAMES FChief Executive OfficerBuy100,000$2.44$244.0KForm 4
Nov 19, 2021ONEIL JAMES FChief Executive OfficerBuy60,000$2.59$155.4KForm 4
Nov 18, 2021ONEIL JAMES FChief Executive OfficerBuy25,000$2.58$64.5KForm 4
Nov 17, 2021ONEIL JAMES FChief Executive OfficerBuy20,000$2.50$50.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Orbital Infrastructure Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROrbital Infrastructure Group, Inc.1
  • CIK0001108967
  • Employer ID (EIN)84-14632841
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inColorado1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
  • Business address5444 Westheimer Road, Suite 1650, Houston, TX 770561
  • Phone346-249-84541
  • Shares outstanding4,693,569 as of May 15, 202311
  • Public float$68.2M as of Jun 30, 20224
  • On EDGAR sinceMar 10, 20001
  • Filings887 in all: 4 (279), 8-K (178), 10-Q (46), SC 13G/A (29), 3 (27), DEF 14A (25), 10QSB (24), CORRESP (21)1
    All 54 form types

    SC 13G (18), 10-K (15), 4/A (15), 8-K/A (15), EFFECT (15), UPLOAD (14), 5 (13), PRE 14A (13), POS AM (11), NT 10-Q (10), 424B5 (8), 10KSB (7), NT 10-K (7), S-1/A (7), S-8 (7), S-8 POS (7), SD (7), 10-K/A (5), 3/A (5), 424B2 (5), 10KSB/A (4), CT ORDER (4), S-3 (4), S-3/A (4), SC 13D (4), 10-Q/A (3), 5/A (3), DEFR14A (3), SB-2/A (3), 15-12G (2), 8-K12G3/A (2), REGDEX (2), S-1 (2), SB-2 (2), 10KSB40 (1), 10KSB40/A (1), 10QSB/A (1), 25-NSE (1), 424B4 (1), 8-A12B (1), 8-K12G3 (1), CERTNAS (1), NO ACT (1), PRER14A (1), REGDEX/A (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Apr 7, 2023
    Quarterly report (10-Q) May 15, 2023
    Proxy statement (DEF 14A) Feb 17, 2023
    Latest 8-K (8-K) Dec 7, 2023

Sources

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