OEG: Orbital Infrastructure Q3 Results Disappoint Driven By Losses In Renewables Segment; Slashes FY22 Outlook

Orbital Infrastructure Group, Inc (NASDAQ: OIG) reported third-quarter revenue growth of 302.2% year-on-year to $99.8 million, missing the consensus of $132.1 million. The Y/Y improvement is primarily due to acquisitions in the electric power and telecommunications segments and organic growth across all operating segments. Electric Power revenue was $36.7 million compared to $12.2 million in the third quarter of 2021. Telecommunications revenue was $24.1 million compared to $8.7 million ...Full story available on Benzinga.com