ORBIT INTERNATIONAL CORP. REPORTS 2019 YEAR END RESULTS
ORBIT INTL CORP (ORBT)
US:NASDAQ Investor Relations:
orbitintl.com/intl/investors
Company Research
Source: GlobeNewswire
2019 Net Income of $463,000 ($0.13 per diluted share) v. $2,225,000 ($0.62 per diluted share) in Prior Year Fourth Qtr. 2019 Net Loss of $216,000 ($0.06 loss per diluted share) v. Net Income of $472,000 ($0.13 per diluted share) in Prior Yr. Period Current Full Year Earnings Include $131,000 ($0.04 per diluted share) in Acquisition Costs Related to Q-Vio Acquisition Prior Full Year Earnings Include $573,000 ($0.16 per diluted share) Deferred Tax Benefit Backlog at 12/31/19 at $20,834,000 Company Repurchased 45,949 of its Common Shares at an Average Price of $5.74 Per Share Since Beginning of Q4 2019 HAUPPAUGE, N.Y., March 13, 2020 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT) today announced results for the fourth quarter and year ended December 31, 2019. Fourth Quarter 2019 vs. Fourth Quarter 2018 Net sales were $6,480,000, as compared to $7,948,000.Gross margin was 25.1%, as compared to 25.5%.Net loss was $216,000 ($0.06 loss per diluted share), as compare
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