Orbital Tracking Corp (OTCBB:TRKK) Looking To Rebound

Shares of Orbital Tracking Corp (OTCBB:TRKK) are looking to rebound after suffering a vicious short attack. TRKK was picked up The Wolf Of Penny Stocks, Epic Stock Picks, and Stock of the Week group. This group used to be extremely powerful and most of their picks did run. However, the Wolf's last few picks have come under blistering attacks from short sellers. Unfortunately, TRKK has been hit by this association.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.Earlier this month, TRKK announced that it had developed its first global tracking product, a dual-mode asset tracker, which will be available in the marketplace later this year following final testing and receipt of necessary regulatory and compatibility certifications. The first product designed and developed by the company, the dual-mode tracker utilizes both cellular and satellite technology to provide truly global tracking, automatically switching between the cellular and satellite links making it an ideal solution for use in both populated and remote areas, including trans-oceanic routes. For commercial users in Transportation, Shipping, Logistics, Fleet Management and Construction, it features detailing reporting alerts, status and GPS location data allowing cargo and vehicles to be tracked nearly anywhere in the world while lowering operating costs by utilizing cellular when available and satellite in remote areas, optimizing roaming charges and delivering significant cost savings.In February, TRKK launched its online retail operations in Japan, its first in Asia, through an online storefront on Amazon Japan. The new Japanese website is the latest addition to the Company's growing global online sales footprint which now includes the UK, North America, Germany, France, Spain and Italy, and is an important launching point for the Company's expected launch into China later in 2016. Japan is a key market for TRKK as Mobile Satellite Solutions ("MSS") products are especially of interest to Japanese inhabitants because of the country's exposure to a number of storms and natural disasters including tsunamis, floods, typhoons, earthquakes, and volcanic eruptions, all of which can interrupt terrestrial-based communication systems.In December, TRKK 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 aggregate purchase price of $550,000. The company said that it intends to utilize the majority of the proceeds of this capital raise to fund continued expansion in North America and new international markets in Asia, as well as commence production and manufacturing of its new line of company-branded dual-mode asset tracking products ahead of expected product sales in early 2016.For the quarter ended September 30, 2015, revenues increased by 62% to $982,775 from $603,551 reported for the quarter ended September 30 2014. For the nine months ended September 2015, revenues grew 56% to $2,955,453 from $1,883,544 reported in the comparable period in 2014. Net loss for the quarter ended September 30, 2015 was $300,585, compared to a net profit of $11,609 for the quarter ended September 30, 2014. The increased loss in the third quarter was primarily driven by increased services costs and expenses required to support continued growth and expansion of the business including staffing, facilities and certain non-recurring professional fees.Currently trading at just a $4 million market cap, Orbital has over $1 million in the treasury and revenues of almost $1 million per quarter. If it wasn't for the attack from short sellers, shares would be trading at $1 by now. We see TRKK as an undervalued company with big potential. We will be updating Insider Financial as soon as we know more. For continuing coverage on TRKK, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in TRKK and have not been compensated for this article.