Orbit International reports Q2 EPS (39c) vs (6c) last year

Reports Q2 revenue $5.213M vs $6.601M last year. Mitchell Binder, President and CEO of Orbit International (ORBT) commented, “When we released our first quarter results, we have noted that the second quarter and first half for 2025 would be a very challenging period for our Company. Although our operating results improved in the second quarter as compared to the first quarter, they remained weak due to lower sales resulting from soft bookings in the second half of 2024. Bookings in the second half of 2024 were affected by several order delays on follow on business from our customers. Our net loss for the six months ended June 30, 2025, was $3,442,000 compared to a net loss of $952,000for the prior comparable period. EBITDA, as adjusted, for the six months ended June 30, 2025, was a loss of $2,998,000 compared to a loss of $965,000 in the prior comparable period.