Leading equity research firm JGR Capital recently issued an updated research note on Solbright Group Inc. (OTCQB: SBRT), an industrial automation and energy management company. In the update, JGR Capital makes note of a number of key highlights for Solbright, including the company’s 8.5x year-over-year revenue increase to about $2.5 million for the three-month period ended February 28, 2018. Notably, this revenue increase came alongside an improved gross profit margin of 37 percent. Other highlights noted in the report include Solbright’s continuous improvement of debt/assets to 0.6x versus 6.6x in the third quarter of 2017 following the Solbright Energy acquisition, management’s goal of increasing sales in both energy and technology sectors and the company’s ongoing efforts to actively seek capital for development and investment activities.
To view the full update, visit http://nnw.fm/4d3bJ
About Solbright Group, Inc.
Solbright Group, Inc. is an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost. We deliver technology solutions for building and machine automation and energy conservation that complement our energy conservation services such as LED lighting retrofits, HVAC system retrofits and solar engineering, procurement and construction services. Our focus is towards the development and commercialization of an Internet of Things software platform that supports Big Data applications that complement our energy management services. More information is available at www.Solbrightgroup.com
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
