ORBIT INTL CORP - ORBT STOCK NEWS

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Orbit International Corp. (symbol: ORBT) is a prominent player in the design, manufacture, and sale of electronic components and subsystems, as well as commercial and custom power units. Catering to prime contractors, government procurement agencies, and research and development laboratories worldwide, the company operates through two main segments: the Electronics Group and the Power Group.

The Electronics Group segment specializes in the creation of customized electronic components and subsystems. This includes a diverse range of products such as remote control units, intercommunication panels, displays, keyboards, keypads, pointing devices, operator control trays, and command display units. These products are integral to various high-tech applications and provide reliable solutions to meet the specific needs of their clients.

The Power Group segment is focused on the design and manufacture of commercial power units, AC power supplies, frequency converters, uninterruptible power supplies (UPS), and commercial-off-the-shelf (COTS) power solutions. Additionally, this segment also deals in electronic products for measurement and display, ensuring a comprehensive portfolio that caters to diverse power and electronic requirements.

Recent achievements highlight Orbit International Corp.'s successful trajectory. Notably, their SPS unit reported year-to-date record bookings of approximately $10,250,000, showcasing strong market demand and operational excellence. Furthermore, the Electronics Group announced an early February 2024 contract award exceeding $1,600,000, and combined new contract awards from both segments in early March 2024 totaling approximately $2,600,000.

Originally known as Orbit Instrument Corp., the company underwent a rebranding to its current name, reflecting its expanded scope and capabilities. As a trusted supplier in the electronics and power solutions market, Orbit International Corp. continues to innovate and secure significant contracts, reinforcing its role as a key industry player.

03/13/2024 08:45 AM

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Orbit International Corp. Reports 2022 Year End Results; Commences Process Toward Reinstatement Onto OTC Pink Market

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Orbit International Corp. (ORBT) reports a decrease in net income and EBITDA for the year ended December 31, 2022, compared to the prior year. The company attributes this decline to one-time costs related to acquisitions and lower revenue from legacy businesses. However, sales increased due to sales from Simulator Product Solutions LLC (SPS). Gross margin decreased primarily due to lower margins at SPS. Operating expenses rose due to SPS costs and wage inflation. Backlog increased, and the company's financial condition remained strong.

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02/07/2024 08:45 AM

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Orbit International Electronics Group Reports Bookings for January 2024 in Excess of $1,500,000

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Orbit International Corp. reports significant contract awards in excess of $1,500,000 for January 2024 and over $1,600,000 in February 2024 from a large defense contractor for a U.S. Navy aircraft program. The company's President and CEO, Mitchell Binder, expressed satisfaction with the bookings and orders received, positioning the company for a strong first quarter of 2024.

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12/08/2023 08:45 AM

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Orbit International Reports Consolidated Bookings for November 2023 in Excess of $3,100,000

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Orbit International Corp. (OTC Expert Market: ORBT) reports consolidated bookings for November 2023 in excess of $3,100,000, with year-to-date bookings for its SPS subsidiary reaching a record of over $10,600,000, marking a 96% increase compared to 2022. The company's Electronics Group and Power Group also contributed significantly to the bookings, with a positive outlook for future business opportunities and continued growth.

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12/07/2023 08:45 AM

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Company Announces Cash Dividend of $0.01 Per Common Share for the Fourth Quarter of 2023

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Orbit International Corp. (ORBT) has declared a quarterly cash dividend of $0.01 per share, payable to shareholders of record as of December 31, 2023. The company is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial, and commercial applications. Orbit’s Power Group designs and manufactures a wide array of power products.

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11/07/2023 08:45 AM

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Orbit International Reports Consolidated Bookings for October 2023 in Excess of $3,650,000

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Orbit International Corp. reported record consolidated bookings for October 2023, totaling $3,650,000, with a year-to-date total of $10,250,000. The bookings were driven by strong performance from all operating units, particularly the SPS subsidiary, which experienced a 90% increase in bookings compared to 2022.

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09/14/2023 08:45 AM

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Company Announces Cash Dividend of $0.01 Per Common Share for the Third Quarter of 2023

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Orbit International Corp. declares quarterly cash dividend of $0.01 per share.

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09/08/2023 08:45 AM

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Orbit International Reports Consolidated Bookings for August 2023 in Excess of $4,000,000

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Orbit International Corp. reports consolidated bookings of $4,000,000 for August 2023, with year-to-date bookings reaching approximately $8,500,000, a 57% increase compared to 2022. SPS subsidiary contributes $1,550,000 in bookings for August and has additional business opportunities. OEG working on follow-on orders and large engineering effort. Positive growth potential for Orbit International Corp.

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08/04/2023 08:45 AM

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Orbit International’s Simulator Product Solutions Subsidiary Reports July Bookings of Approximately $1,250,000

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07/06/2023 08:45 AM

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Orbit International’s Simulator Product Solutions Subsidiary Reports June Bookings in Excess of $3,000,000

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Orbit International Corp. announces second quarter bookings of approximately $4,500,000 and June bookings from its subsidiary SPS of over $3,000,000. Bookings for the Power Group in June were around $1,000,000.

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06/21/2023 08:45 AM

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Orbit International Corp. Electronics Group Receives New Contract Valued in Excess of $2,500,000

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FAQ

What is the current stock price of ORBIT INTL (ORBT)?

The current stock price of ORBIT INTL (ORBT) is $4.45 as of December 23, 2024.

What is the market cap of ORBIT INTL (ORBT)?

The market cap of ORBIT INTL (ORBT) is approximately 15.2M.

What does Orbit International Corp. do?

Orbit International Corp. designs, manufactures, and sells electronic components, subsystems, and custom power units for various clients worldwide.

What are the main segments of Orbit International Corp.?

The company operates in two main segments: the Electronics Group and the Power Group.

What products does the Electronics Group offer?

The Electronics Group provides remote control units, intercommunication panels, displays, keyboards, keypads, pointing devices, operator control trays, and command display units.

What products does the Power Group offer?

The Power Group designs and manufactures commercial power units, AC power supplies, frequency converters, uninterruptible power supplies, and COTS power solutions.

What is a recent achievement of Orbit International Corp.?

Recently, the SPS unit reported year-to-date record bookings of approximately $10,250,000.

What notable contracts were awarded in early 2024?

In early 2024, the Electronics Group secured a contract worth over $1,600,000, and both segments collectively received new contracts totaling approximately $2,600,000.