Strong Bookings Due Primarily to Large Orders Received During Month by Power GroupHAUPPAUGE, N.Y., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the “Company”) (OTCID Basic Market:ORBT), an electronics manufacturer and software solution provider, today announced that for the month of August 2025, consolidated bookings were approximately $2,400,000. The strong booking month was primarily due to bookings recorded by its Orbit Power Group (“OPG”) in excess of $1,700,000, which included a previo ...

Financial Performance - For the second quarter of 2025, the company reported a net loss of $1,290,000, or $0.39 loss per share, compared to a net loss of $201,000, or $0.06 loss per share in the same period of the prior year [1][7] - Adjusted EBITDA for the second quarter of 2025 was a loss of $1,049,000, or $0.32 loss per share, compared to a loss of $405,000, or $0.12 loss per share in the prior year [1][7] - For the first six months of 2025, the net loss was $3,442,000, or $1.03 loss per share, compared to a net loss of $952,000, or $0.28 loss per share in the same period of the previous year [1][5] - Adjusted EBITDA for the first half of 2025 was a loss of $2,998,000, or $0.90 loss per share, compared to a loss of $965,000, or $0.29 loss per share in the prior year [1][5] Sales and Backlog - Net sales for the second quarter of 2025 were $5,213,000, down from $6,601,000 in the same quarter of 2024 [7] - For the first six months of 2025, net sales decreased to $9,939,000 from $12,776,000 in the prior year [7][8] - The backlog at June 30, 2025, was $12.5 million, an increase from $12.0 million at December 31, 2024 [2][7] Operational Challenges - The company faced challenges due to lower sales from its Orbit Electronics Group, particularly the Simulator Product Solutions subsidiary, which experienced operating losses due to delivery schedule gaps [6][8] - Contract delays in the second half of 2024 negatively impacted bookings and sales in the first half of 2025 [5][8] - The company is implementing cost-cutting measures at the SPS subsidiary, aiming to reduce annual expenses by approximately $750,000 [8] Management Commentary - The President and CEO noted that the second quarter and first half of 2025 were challenging due to lower sales resulting from soft bookings in the previous year [5] - The management expressed optimism about improved bookings in the first half of 2025, which are expected to enhance sales in the second half of 2025 [9][10] Financial Position - As of June 30, 2025, the company had cash and cash equivalents of approximately $0.4 million and a current ratio of 2.1 to 1 [9] - The book value per share at June 30, 2025, was $4.31, down from $5.34 at December 31, 2024 [9]

CONTACT David Goldman Chief Financial Officer 631-435-8300 Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit International Corp.'s operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business o ...

Outlook for Bookings for VPX Power Supplies Remain Strong in 2025HAUPPAUGE, N.Y., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the “Company”) (OTCID Basic Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Orbit Power Group (“OPG”) received an approximately $1,000,000 follow-on order for a commercial power supply used in a military application. Deliveries for this order will commence in the first quarter of 2026 and are expected to continue thr ...

Bookings for VPX Power Supplies Remain Strong in 2025HAUPPAUGE, N.Y., June 05, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the “Company”) (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings for its Orbit Power Group (“OPG”) for the month of May 2025 were approximately $1,000,000. Deliveries for these orders have already commenced and are expected to continue through the fourth quarter of 2026. Mitchell Binder, President and CEO of Orbit Internat ...

First Quarter 2025 Net Loss of $2,152,000 ($0.65 loss per share) v. Net Loss of $751,000 ($0.22 loss per share) in Prior Year Comparable Period First Quarter 2025 EBITDA, as adjusted, was a loss of $1,949,000 ($0.59 loss per share) v. loss of $551,000 ($0.16 loss per share) in Prior Year Comparable Period Backlog at March 31, 2025 was $13.3 million compared to $12.0 million at December 31, 2024 HAUPPAUGE, N.Y., May 12, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT) today announced resul ...