Orbital Tracking Corp (OTCBB:TRKK) Making A Comeback

Orbital Tracking Corp (OTCBB:TRKK) is making a comeback after touching lows of $.014 last month. Shares have rallied hard on massive volume signaling that the low is in after a rough 2016. Judging by the price action and the large short position in the stock, the rally could just be getting started.First up, for those not familiar with the company, Orbital Tracking 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 also 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 the three months ended September 30, consolidated revenues reached record levels, increasing 32% to approximately $1,299,373 as compared to approximately $982,775 as reported for the prior year's quarter. Consolidated revenues for the nine months ended September 30, increased 28% to approximately $3,783,230 vs approximately $2,955,453 reported in the comparable 2015 period. Revenues would have been even higher had it not been for the strength in the US dollar and the weakness in the British pound sterling and euro currencies.In September, its wholly owned subsidiary, Orbital Satcom Corp expanded its U.S.-based online retail channel through Walmart's invite-only Marketplace. Once the Company's full catalog of products are added, the new North American online marketplace will join a growing list of U.S.-based e-commerce marketplaces operated by Orbital Tracking under the Orbital Satcom brand including sites on Amazon, eBay and Sears. The new Orbital Satcom Walmart Marketplace features an expanded catalog of products including an assortment of top-selling satellite phones and trackers from providers including Iridium, Inmarsat, Thuraya and Globalstar, as well as an array of pay-as-you-go and monthly subscription voice and data airtime options.In August, the company received a new product and services order in support of the Electoral Commission of Zambia. Global Telesat Communications Ltd., a wholly owned subsidiary of Orbital Tracking Corp., provided more than 200 Thuraya XT Pro satellite phones, Thuraya IP satellite broadband terminals and RedPort Optimizers together with associated airtime, and supplied customer support services and staff during the Zambia's presidential elections which took place on August 11. This was the largest sale of its kind secured by the company in Africa.In last month's corporate update, the company announced that it is now operating in more than 10 countries, shipping products to more than 15,000 customers located in almost 60 countries across every continent. Orbital Tracking has expanded its reach throughout Asia with marketplaces in Japan and a new wholesale marketplace on Alibaba, both of which are introducing the company to new customers and sales opportunities from around the world on a regular basis.Orbital Tracking has also expanded its product catalog, highlighted by the addition of a range of Personal Locator Beacons and Emergency Position Indicating Radio Beacons, which have quickly become some of the company's best-selling products. This year, Orbital plans to increase its product range significantly further, starting with the introduction of Thuraya's new XP Pro Dual, a novel dual-SIM phone featuring seamless terrestrial (GSM/cellular) and satellite connectivity.This year the company hopes to bring its its first global tracking product, a dual-mode asset tracker, into commercial production. This product can automatically switch between cellular and satellite links, making it an ideal product for use in both populated and remote areas across the globe. CEO David Phipps said:

While initial development has been completed on schedule, and we are pleased with the results of our extensive testing, the product launch has been delayed due to changes in availability of key enabling technology components that has necessitated additional design and development work. The Company is working diligently with its partners to address these issues and we are excited about the prospect of commercializing the product later in 2017.

Currently trading with a market cap of $2.8 million, TRKK looks undervalued when you consider the company generated $3.78m in sales in the first nine months of 2016. The bull case is further made when you look at the balance sheet. TRKK reported at the end of September $118k in cash, $3.2m in total assets, and just $967k in total liabilities. One person who believes in Orbital Tracking is billionaire Dr. Phillip Frost, an investor in TRKK through his private investment firm, Frost Gamma Investments. All these factors combine to make TRKK a interesting situation for penny stock investors. We will be updating our subscribers as soon as we know more. For the latest updates on TRKK, sign up below!Disclosure: We have no position in TRKK and have not been compensated for this article.