Orbit International Corp. reports developments as an electronics manufacturer and software solution provider serving military, industrial and commercial applications. Company updates commonly cover consolidated bookings, order timing, deliveries, and operating results across the Orbit Electronics Group and Orbit Power Group.
Recurring subjects include VPX, COTS and commercial power supplies; custom electronic device and subsystem solutions; simulator-related work through Simulator Product Solutions LLC; and prototype or component orders through Q-Vio Corp. for defense handheld electronics programs. Coverage also reflects the contract-driven nature of Orbit's business, including follow-on opportunities, customer awards, and program delays.
Orbit International (ORBT) closed a revolving credit facility providing up to $6,000,000 in financing with Merchant Financial Corporation. Availability is subject to the borrowing base, which limits financing against eligible assets. At closing, Orbit drew approximately $4,539,000 to satisfy the balance on its previous credit line with M&T Bank.
Orbit also completed a $4,075,000 private placement led by its largest shareholder, Elkhorn Partners L.P., issuing 1,630,000 common shares at $2.50 per share. The company said the equity proceeds strengthened its balance sheet and, together with additional borrowing availability, enhanced liquidity.
Orbit International (ORBT) reported consolidated bookings in excess of $3,500,000 for August 2026, with deliveries under these contracts already underway and expected to be completed by the fourth quarter of 2027.
Bookings for the Orbit Electronics Group (OEG), including Simulator Product Solutions (SPS), exceeded $2,300,000, highlighted by a previously announced SPS order of approximately $1,200,000 from a large defense contractor for the U.S. Navy’s NAWCTSD SSC FoT program. All deliveries under this SPS contract are scheduled for the fourth quarter of 2026, and year-to-date SPS bookings are approximately 13% higher than the comparable prior-year period.
The Orbit Power Group (OPG) generated approximately $1,200,000 in bookings for August 2026, following July bookings in excess of $1,400,000. As of August 31, 2026, total OPG bookings were 46.8% higher than the same period in the prior year.
Orbit International (OTCID: ORBT) reported that its Simulator Product Solutions subsidiary (SPS) received an award of approximately $1,200,000 from a large defense contractor during August 2026. The order supports the SSC FoT effort for the U.S. Navy’s NAWCTSD, with all deliveries expected to commence and be completed in the fourth quarter of 2026.
According to Orbit International, third-quarter-to-date bookings for SPS are in excess of $2,000,000, and customer proposals for SPS have increased by about 16.6% year-over-year, which the company believes may support delivery schedules through the remainder of 2026 and into the first half of 2027.
Orbit International (OTC Basic Market: ORBT) reported a second quarter 2026 net loss of $1.72 million ($0.51 per share), compared with a net loss of $1.29 million ($0.39 per share) a year earlier, on net sales of $4.89 million versus $5.21 million. Q2 2026 gross margin was 26.5% versus 26.9%, and EBITDA, as adjusted, was a loss of $1.22 million compared with a $1.05 million loss.
For the first six months of 2026, net sales were $10.13 million versus $9.94 million, with gross margin improving to 24.8% from 20.0%. Net loss narrowed to $3.27 million ($0.98 per share) from $3.44 million, and EBITDA, as adjusted, improved to a loss of $2.53 million from a $3.00 million loss. Backlog at June 30, 2026 was $13.1 million, up from $12.3 million at year-end 2025.
Orbit International (OTCID Basic Market: ORBT) reported that its Power Group (OPG) booked in excess of $1,400,000 in orders during July 2026, with deliveries already underway and scheduled to continue through the second quarter of 2028. According to Orbit International, July bookings were driven mainly by increased demand for VPX power supplies, a sizable non-VPX COTS military order and various commercial orders.
The company stated that 2026 year-to-date OPG bookings are up 87.8% versus the same period in 2025, while VPX power supply bookings have risen approximately 81.3%. Management noted ongoing delays in Electronics Group (OEG) orders at the prime contractor or U.S. Government level and highlighted that proposals at Simulator Product Solutions are up 16.6% year-to-date, though bookings are down 10.3%, reflecting the timing of military award receipts.
Orbit International (ORBT) reported combined May 2026 bookings of approximately $2.1 million for its Power Group (OPG) and Orbit Instrument division. Deliveries have started and should run through Q1 2027.
OPG bookings were about $1.1 million. According to Orbit, 2026 year-to-date OPG bookings are up 69% versus 2025, driven by VPX power supplies, with VPX bookings up about 52% year-to-date. Orbit Instrument bookings were around $1.0 million, including a follow-on contract of roughly $950,000 from a large defense contractor for a U.S. Navy program that is expected by the customer to continue for many years.
Orbit International (OTC:ORBT) reported Q1 2026 net sales of $5.25 million, up from $4.73 million, with gross margin rising to 23.3% from 12.4%.
Net loss narrowed to $1.55 million ($0.46/share) versus $2.15 million, EBITDA (as adjusted) loss improved to $1.31 million, and backlog reached $13.2 million. Cash was $389,000 with $3.73 million drawn on a $4.5 million credit line.
Orbit International (OTCID: ORBT) announced that subsidiary Q-Vio received additional prototype orders from Technology Advancement Group (TAG) to support TAG’s handheld unit intended to replace the Defense Advanced GPS Receiver (DAGR).
Q-Vio will supply a custom 3.5-inch low-power LCD, PCAP touchscreen, and EMI glass for durability; TAG reports ~800,000 DAGRs currently fielded. Prototype testing included joint U.S. and international exercises in August 2025.
Orbit International (OTCID: ORBT) reported consolidated bookings for Q1 2026 in excess of $6,000,000, with deliveries started and expected to continue through Q1 2027.
Key contributors: Orbit Power Group booked approximately $2,700,000 (about +103% YoY), and Simulator Product Solutions booked about $2,500,000 (about +42.9% YoY); SPS quoting activity exceeded $10,000,000 in 2026 (+111%).
Orbit International (OTC:ORBT) reported a 2025 net loss of $5.03M ($1.51 per share) versus a $0.65M loss in 2024, on 2025 sales of $22.45M down from $29.90M. EBITDA, as adjusted, was a loss of $3.97M. Backlog rose slightly to $12.2M. Cash totaled approximately $684k with $2.475M drawn on a $4.0M LOC. Management cited a delayed OPG shipment (~$1.4M revenue shifted to 2026), supply-chain and legal costs as drivers of the year’s results, and noted SPS proposals of about $5.0M since Jan 1, 2026.