Overview
Orbit International Q3 net loss of $875,000, down from net income last year
Company's Q3 EBITDA, as adjusted, was a loss of $508,000
Supply chain issue delayed $1.4 mln shipment, affecting Q3 profitability
Outlook
Orbit International expects delayed $1.4 mln shipment to be delivered in Q1 2026
Company anticipates $5.5 mln in proposals for Orbit Instrument division in 2026
Orbit International expects cost reduction efforts to save $750,000 annually
Result Drivers
SUPPLY CHAIN ISSUE - Delayed $1.4 mln shipment at Orbit Power Group affected Q3 profitability
LOWER SALES - Reduced sales at Orbit Electronics Group and Orbit Power Group due to contract delays and supply chain issues
GROSS MARGIN DECLINE - Lower gross margins due to reduced sales and higher overhead costs relative to sales
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$5.79 mln
Q3 EPS
-$0.26
Q3 Net Income
-$875,000
Q3 Gross Margin
31.90%
Q3 Basic EPS
-$0.26
Q3 Gross Profit
$1.85 mln
Q3 Pretax Profit
-$752,000
Press Release: ID:nGNX3Y0mzf
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)