Orbit International Corp. Reports 2024 Third Quarter Results
ORBIT INTL CORP (ORBT)
US:NASDAQ Investor Relations:
orbitintl.com/intl/investors
Company Research
Source: GlobeNewswire
Third Quarter 2024 Net Income of $558,000 ($0.17 per diluted share) v. Net Income of 762,000 ($0.23 per diluted share) in Prior Year Period Third Quarter 2024 EBITDA, As Adjusted, of $749,000 ($0.22 per diluted share) v. $924,000 ($0.28 per diluted share) in Prior Year Period Nine Months 2024 Net Loss of $394,000 ($0.12 loss per share) v. Net Loss of $808,000 ($0.24 loss per share) in Prior Year Period. Nine Months 2024 EBITDA, As Adjusted, was a loss of $199,000 ($0.06 loss per share) v. a loss of $179,000 ($0.05 loss per share) in Prior Year Period. HAUPPAUGE, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT) today announced results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 vs. Third Quarter 2023 Net sales were $8,414,000, as compared to $8,192,000.Gross margin was 36.8%, as compared to 39.4%.Net Income was $558,000 ($0.17 per diluted share), as compared to net income of $762,000 ($0.23 diluted share).
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