Research that Identifies
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On Track Innovations Ltd.

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Research Update Released (Dated 04/02/2019)

Symbol: OTIV
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $1.70
Time Horizon: 12 Months
Rating Established: October 24, 2018
Price When Established: $0.91
Most Recent Report: April 2, 2019
Price When Issued: $0.64


What's New

On Track Innovations Reports Q1 Results

On May 7, 2019, On Track Innovations Ltd. (NASDAQ: OTIV) reported results for its first quarter ended March 31, 2019.

For the quarter, the company reported that revenue decreased 45.3% to $3 million. On Track reported a net loss from continuing operations of $1.6 million or $(0.04) per share versus a loss of 400,000 or $(0.01) per share in the comparable quarter in 2018.

Taglich Brothers’ estimates were for first quarter revenue of $4.9 million and a net loss from continuing operations of $659,000 or $(0.02) per share.


Company Description

On Track Innovations Ltd., headquartered in Rosh Pina, Israel, is principally engaged in the design and development of cashless payment solutions.


Company Reports

Research Update Released (Dated April 2, 2019)
Research Update Released (Dated November 16, 2018)
Initial Report Released (Dated October 24, 2018)

Disclaimer

Please view our current disclosure and disclaimer on our most recent research report.