Orbit International (ORBT) Reports Q3 Loss of $0.09

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Go back to Orbit International (ORBT) Reports Q3 Loss of $0.09

Orbit International Corp. Reports 2022 Third Quarter Results

November 10, 2022 8:45 AM EST

Third Quarter 2022 Net Loss of $303,000 ($0.09 loss per share) v. Net Income of $681,000 ($0.20 per diluted share) in Prior Year Period

Third Quarter 2022 EBITDA, As Adjusted, was a loss of $232,000 ($0.07 loss per share) v. $736,000 ($0.21 per diluted share) in Prior Year Period

Nine Months 2022 Net Loss of $249,000 ($0.07 loss per share) v. Net Income of $3,042,000 ($0.87 per diluted share) in Prior Year Period. Prior Period Includes $1,618,000 ($0.46 per diluted share) of PPP Loan Forgiveness. Exclusive of PPP Loan Forgiveness, Prior Period Net Income was $1,424,000 ($0.41 per diluted share)

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