Orbit International (ORBT) Reports Q4 Loss of $0.15/Share

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Go back to Orbit International (ORBT) Reports Q4 Loss of $0.15/Share

Orbit International Corp. Reports 2014 Year End Results

March 5, 2015 8:45 AM EST

HAUPPAUGE, NY -- (Marketwired) -- 03/05/15 -- Orbit International Corp. (OTC PINK: ORBT) today announced results for the fourth quarter and year ended December 31, 2014.

Fourth Quarter 2014 vs. Fourth Quarter 2013

Net sales were $3,957,000, as compared to $5,807,000. Gross margin was 28.1%, as compared to 34.3%. Net loss was $653,000 ($0.15 loss per share), as compared to a net loss of $2,726,000 ($0.62 loss per share). Earnings before interest, taxes, depreciation and amortization and stock based compensation (EBITDA, as adjusted) was a loss of $542,000 ($0.12 loss per share), as compared to a loss of $178,000 ($0.04 loss... More