GlobeNewsWire
03 Jun 2026, 12:45 UTC · 2h ago
Orbit International's Power Group and Orbit Instrument Division Report Combined Bookings of Approximately $2,100,000 for Month of May 2026
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GlobeNewsWire
03 Jun 2026, 12:45 UTC · 2h ago
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4 claims · impact-rated
Orbit International's Power Group (OPG) year-to-date bookings are up 69% compared to the same period in 2025. — Significant year-over-year growth in bookings suggests strong demand and expanding revenue pipelines for the company's core technology.
+0.60The company is awaiting a significant follow-on VPX power supply award from a large defense contractor expected by the end of Q2 2026. — The acquisition of a 'significant' contract from a major defense player would provide a concrete catalyst for future revenue growth.
+0.40Orbit International recorded combined bookings of approximately $2.1 million for the month of May 2026. — Provides a positive short-term snapshot of monthly performance and order flow.
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The company reported a first-quarter 2026 net loss of $1.546 million, an improvement over the prior year's loss of $2.152 million. — While still loss-making, the narrowing of the net loss indicates a positive trend in operational efficiency or revenue recovery.
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The company reported strong combined bookings of $2.1M for May, with year-to-date bookings for its Power Group up 69%.
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