Orbit Internatio Stock Price, News & Analysis

Orbit International's Simulator Product Solutions (SPS) subsidiary secured orders exceeding $1.125 million in April 2025, with deliveries scheduled through Q3 2025. This follows the Orbit Electronics Group's Q1 bookings of $4.7 million. The company's Orbit Power Group (OPG) reported strong performance in 2024, particularly in VPX technology power supplies, with expectations of continued growth in 2025 through follow-on business and new designs. Management is currently evaluating the impact of recent tariff announcements on product costs, especially for VPX power supplies.

Orbit International Corp. (OTC PINK:ORBT) has reported significant Q1 2025 bookings exceeding $4,700,000 through its Electronics Group (OEG). The orders comprise over $3,000,000 from OEG legacy business and more than $1,700,000 from their Simulator Product Solutions (SPS) subsidiary.

A notable highlight includes a previously announced follow-on contract exceeding $1,925,000 for U.S. Navy military program products. The SPS orders were achieved despite delays in several large contract opportunities, which are expected to materialize in Q2. Deliveries for these awards have commenced and will continue through Q2 2026.

The company's Orbit Power Group (OPG) reported strong performance in 2024, primarily driven by record bookings for VPX technology power supplies. Management expressed confidence in securing both follow-on business for VPX power supplies and developing new designs to expand their market presence in 2025.

Orbit International Corp. (OTC PINK:ORBT) reported its financial results for 2024, showing a reduced net loss of $646,000 ($0.19 per share) compared to $1,147,000 ($0.34 per share) in 2023. The company's EBITDA improved to $159,000 in 2024 from a loss of $407,000 in 2023.

Key financial highlights include:

• Net sales increased to $29,898,000 from $27,556,000
• Gross margin improved to 33.3% from 31.7%
• Q4 2024 net sales were $8,708,000 vs $7,173,000 in Q4 2023
• Backlog decreased to $12.0 million from $17.4 million year-over-year

The company's performance was notably impacted by a non-cash $445,000 deferred tax expense. Operating results improved in the second half of 2024, driven by higher sales and improved gross profit at the Simulator Product Solutions (SPS) subsidiary and the Orbit Power Group (OPG). The company maintains access to a $4,000,000 line of credit, with $850,000 borrowed as of December 31, 2024.

Orbit International Corp. (OTC PINK:ORBT) has secured a follow-on contract worth over $1,925,000 from a major defense contractor for its Electronics Group (OEG). The contract involves manufacturing products for a U.S. Navy military program, with deliveries scheduled from Q1 2026 through Q3 2026.

The contract, initially expected in Q3 2024, was delayed at the U.S. Government level. The customer has expressed confidence in the program's long-term continuity. Additionally, the company's Orbit Power Group (OPG) reported strong bookings in 2024, particularly in VPX technology power supplies, and expects continued growth in this segment through 2025 with both follow-on business and new designs.

Orbit International Corp. (OTC PINK:ORBT) reported bookings exceeding $1,000,000 for its Power Group in November 2024. The orders were primarily driven by VPX power supplies orders totaling over $700,000, contributing to record annual VPX bookings of more than $4.5 million for the eleven months ended November 30, 2024 - a 77% increase compared to all of 2023.

Deliveries for these orders have begun and will continue through Q2 2026. The company also received orders for additional COTS and commercial power supplies. Separately, the company disclosed receiving a verified complaint filed by SPS's former President in Delaware Court of Chancery regarding alleged additional amounts owed under acquisition agreements, which the company intends to contest.

Orbit International Corp. (OTC PINK:ORBT) reported mixed results for Q3 2024. Net income decreased to $558,000 ($0.17 per share) from $762,000 ($0.23 per share) in Q3 2023. Net sales increased to $8,414,000 from $8,192,000. For the nine months ended September 30, 2024, the company reported a net loss of $394,000 compared to a loss of $808,000 in the prior year period. Backlog decreased to $16.8 million from $17.4 million at year-end 2023. The company's Simulator Product Solutions (SPS) showed improved performance, while the Orbit Instrument division experienced lower sales and margins.

Orbit International Corp. (OTC PINK:ORBT) has announced the reinstatement of its stock trading on the OTC Pink Market, effective October 7, 2024. This follows a period of trading on the OTC Expert Market since May 16, 2023. Orbit International Corp. is an electronics manufacturer and software solution provider with two main divisions:

1. The Electronics Group: Develops and manufactures custom electronic devices and subsystem solutions for military, industrial, and commercial applications through facilities in Hauppauge, NY, and Carson, CA.

2. The Power Group: Based in Hauppauge, NY, designs and manufactures various power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies, and COTS power sources.

Orbit International Corp. (OTC Expert Market:ORBT) announced that its Orbit Power Group (OPG) received bookings exceeding $1,800,000 in September 2024, resulting in total third-quarter bookings surpassing $2,800,000. The orders include a follow-on order for a COTS power supply worth approximately $1,450,000 for nuclear power plants. Deliveries are expected to continue through Q4 2025.

Mitchell Binder, President and CEO, highlighted strong Q3 bookings and noted that VPX power supply orders for the first nine months of 2024 are 27.1% higher than the entire 2023. The company's Electronics Group and Simulator Product Solutions subsidiary are pursuing new opportunities, with some expected Q3 orders delayed to Q4.