Orbit International Q4 sales fall, net loss widens on weak bookings, contract delays
Overview
US electronics maker's Q4 sales and gross margin declined, net loss widened year-over-year
Full-year 2025 results hurt by supply chain delays, contract timing, and higher legal costs
Year-end backlog rose 1.7% to $12.2 mln despite contract delays
Outlook
Orbit International says improved bookings from OPG and SPS have continued into 2026
Company says SPS has proposed about $5 mln in new and follow-on business since Jan 1, 2026
Orbit International expects a portion of $4.75 mln in outstanding proposals to be awarded in H1 2026, but timing is uncertain
Result Drivers
SUPPLY CHAIN DELAYS - Co said a supply chain issue delayed $1.4 mln in shipments, preventing revenue recognition in 2025
LOWER BOOKINGS AND CONTRACT DELAYS - Co said weak bookings in late 2024 and 2025, mainly due to contract delays, reduced deliveries and sales in 2025
HIGHER LEGAL AND ONE-TIME COSTS - Co said legal fees and several one-time charges, including costs related to its SPS subsidiary, hurt Q4 results
Company press release: ID:nGNX1BtY8S
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales |
| $6.73 mln |
|
Q4 EPS |
| -$0.21 |
|
Q4 Net Income |
| -$708,000 |
|
Q4 Gross Margin |
| 28.60% |
|
Q4 Basic EPS |
| -$0.21 |
|
Q4 Gross Profit |
| $1.92 mln |
|
Q4 Pretax Profit |
| -$703,000 |
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