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
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