I know shareholder relations is probably an after thought to the engineers that run this company, but investors should be able to figure out from the Microwave Vision press releases that Orbit is carrying them. Either Orbit releases the 2013 results or eric or brose does the math. Either way, someone will figure it out and Orbit gets a buyout offer from MVG a new third party.
Buyout of Orbit by MVG or buyout of the entire group by another company. (The right company can secure many EEs and other unique skillsets. Not carried on the `balance sheet' is the human capital aspect of a company like this).
Looks like most of the OTCMarket stocks are offline. Maybe same I.T. folks involved with the Obamacare Website are involved with the OTCMarket servers (-:
........Business Unit Electromagnetic Compatibility ( EMC ) is also driven by strong growth, it
weighs today to 12% in the number of interim business - to be compared with 6% in 2012. The trend is even more pronounced when looking at orders of the Business Unit : not less than 21 % of the total the first six months of the year, against 16 % of orders last year. It will be recalled that it was on this activity that specifically Microwave Vision has invested heavily in 2012 by acquiring Rainford EMC .
Continued roadmap for 2013: Profitable growth
The orders are net growth , with 57% in the first half compared to the first half of last year. The Group expects continued sales momentum for Business Units AMS ( Antenna Measurement Systems ) and EMC in the United States, Asia and India also supported by the release of new products .
The half-yearly turnover combined with the rise of the Business Unit EMC and increasing catches
Order strengthen the Group's confidence in achieving its objectives of growth and profitability
Translated highlights of release are below. They didn't breakout Orbit from MVG. Note the comment about the significant improvement in North American activities:
Microwave Vision announces progress its 2013 interim results:
Turnover : 13 %
Current operating income: 4 %
Microwave Vision recorded a biannual turnover of € 23.55 million at June 30, 2013 against € 20.77 million a year earlier , an increase of 13%.
The current half-year operating profit increased with € 0.72 million against € 0.69 million in H1 2012 ( 4 %) showing an operating margin of 3.1%. Strong growth and an operating profit up 4 %
Having already recorded a good first quarter , the Microwave Vision Group strengthens its activity midway through this year , 2013, and can now announce a 13% increase in its half-year sales compared to the same period of 2012. On the first half, the company continued its mastery of charges ( purchases and personal ) assigned to projects to show an increase of 4% of its operating income was 3.1 % of sales .
Only the net results and net income Group marking time , supporting the impact of sales charges of the loan in 2012 for the Group's development and changes in exchange rates on the cost of borrowings . The company anticipates an improvement in profitability in the second half , which has traditionally a higher level of activity.
Since the beginning of the year, sales momentum was sustained on the North American continent ,thus takes the lead doubling Asia , with 36% of revenues ( 34 % in Asia and 30% in Europe). a beautiful progression, when we know that last year , the United States did not generate more than 30% of Group sales . These are orders from the field of Aerospace and U.S. defense that were carriers of this momentum : they generate 56 % of Business figures for the first half.