Orbit International (NASDAQ:ORBT) released financial figures from the first quarter 2011, seeing $6, 812, 000 in net sales, a 23 percent spike.
“The 23.1 percent increase in net sales combined with the gross margin improvement and substantial reduction in selling, general and administrative expenses resulted in a nearly $1.2 million increase in profitability from the 2010 comparable period, ” CEO Mitchell Binder said.
