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Orbit International reports Q3 2026 net loss of $761K but backlog hits highest level since 2024.

Company Fundamentals
12 Nov 2026, 15:45 WIB
GlobeNewsWire
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Bearish
Orbit International reports Q3 2026 net loss of $761K but backlog hits highest level since 2024.

Orbit International Corp. reported a net loss of $761,000 for Q3 2026, an improvement from a $875,000 loss in the same period last year, despite a slight increase in adjusted EBITDA loss. Sales rose to $6.16 million, but gross margin declined to 28.7%. For the first nine months, the net loss narrowed to $4.03 million from $4.32 million the prior year, with backlog increasing 20.7% to $14.9 million, the highest since September 2024. The company faces delays in contract awards affecting its Orbit Instrument division but expects improved delivery schedules and bookings in late 2026 and early 2027, supported by stronger performance in its Power Group and Simulator Product Solutions subsidiary.

Orbit International Corp. reported its 2026 Q3 results. For readers following Industrials, here is Pluang's market snapshot as of Nov 12, 2026 19:21 WIB: Among 135 priced US Industrials stocks, 48 rose and 81 fell. AerCap Holdings N.V. shares traded at USD 169.15, down 4.44%, Eos Energy Enterprises Inc at USD 1.91, down 4.02% with 55% buy orders, and Bloom Energy at USD 201.62, down 3.75% with 58% sell orders.

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