Welcome to our dedicated page for Orbit Internatio news (Ticker: ORBT), a resource for investors and traders seeking the latest updates and insights on Orbit Internatio stock.
Orbit International Corp. (ORBT) delivers specialized electronic components and power solutions for defense, government, and industrial sectors. This news hub provides investors and industry professionals with essential updates on corporate developments, product innovations, and strategic partnerships driving the company's growth.
Access authoritative coverage of ORBT's latest press releases, financial announcements, and operational milestones. Our curated collection includes updates on defense contract awards, power systems advancements, and electronics manufacturing innovations - all critical for understanding the company's market position.
Key news categories feature earnings reports, product line expansions, government procurement updates, and R&D breakthroughs. The resource is particularly valuable for tracking ORBT's dual-segment performance in custom electronics manufacturing and commercial power solutions development.
Bookmark this page for streamlined access to verified ORBT updates. Check regularly for new announcements affecting the company operations in aerospace, defense contracting, and industrial technology sectors.
Orbit International Corp. (OTC:ORBT) reported its Q2 2024 results, showing a reduced net loss of $201,000 ($0.06 per share) compared to $453,000 ($0.14 per share) in Q2 2023. For the first six months of 2024, the company reported a net loss of $952,000 ($0.28 per share), an improvement from $1,570,000 ($0.47 per share) in the same period last year. Despite the losses, the company saw increased sales of $12,776,000 for the six-month period, up from $12,191,000 in 2023. The company's backlog increased by 18.4% to $20.6 million as of June 30, 2024. Orbit also announced the termination of the SPS President's employment contract, which may lead to legal discussions.
Orbit International Corp. (ORBT) released its first quarter 2024 results, highlighting a net loss of $751,000 ($0.22 per share), an improvement from the $1,117,000 ($0.33 per share) loss in Q1 2023. The company reported net sales of $6,175,000, up from $5,198,000 the previous year. Gross margin improved to 30.8% from 20.7% in Q1 2023. However, adjusted EBITDA was a loss of $551,000 compared to a loss of $1,134,000 last year. The backlog increased to $23.8 million, up 37.3% from December 2023. Despite improvements, higher operating costs affected results. The company remains optimistic about future quarters as bookings and backlog have shown strong growth.
FAQ
What is the current stock price of Orbit Internatio (ORBT)?
What is the market cap of Orbit Internatio (ORBT)?
