viewOrbital Energy Group

CUI Global to participate in B. Riley FBR’s investor conference in California

CEO William Clough will showcase the Oregon-based company’s story in front of institutional investors

An electronic circuit board
The company sees strong demand for its products from the petrochemical, natural gas and energy sectors

CUI Global Inc. (NASDAQ:CUI) announced on Thursday that it will participate in the 19th annual B. Riley FBR Institutional Investor Conference in Santa Monica, California.

CUI Global CEO William Clough will showcase the company’s story at 1.30 pm ET on May 24 in front of over 1,000 institutional investors, corporate clients and high net worth individuals.

Clough and Daniel Ford, CUI Global's CFO will have one-on-one meetings with investors on the sidelines of the conference.

Separately, Ford who is also the chief operating officer of the high-growth energy division will meet with investors at the 15th annual Craig-Hallum Institutional Investor Conference in Minneapolis, Minnesota.

The Oregon-based electro-mechanical and power components manufacturer posted earnings on Monday that beat Wall Street revenue expectations.

READ: CUI Global subsidiary Orbital Gas Systems North America unit wins orders from top petrochemical and gas company

Revenue expanded to US$22.0mln compared to US$17.8mln on a year-over-year basis, handily beating consensus estimates of US$20.04mln.

“Strong revenue and record backlog in the first quarter reflect continued execution on our strategy to leverage our industry-disrupting technologies to build demand with new customers and across new geographies,” said Clough.

Last week, CUI Global’s subsidiary Orbital Gas Systems North America unit received orders for its gas sampling technology from what it described as "several Fortune 100 energy companies in the oil-and-gas industry based in Houston, Texas."

Quick facts: Orbital Energy Group

Price: 4 USD

Market: NASDAQ
Market Cap: $122.71 m

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