Home / Financial Report / Orbit Sales Up 23 Percent

Orbit Sales Up 23 Percent

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.

Check Also

State Dept Clears $100M Kuwait Fast Patrol Boat Sale

The State Department has approved a potential $100 million foreign military sale of Kvichak-built fast patrol …

Akima Wins $132M NASA Goddard Facility Operations, Maintenance Contract

NASA has awarded Akima Support Operations a potential $131.7 million contract to help manage and maintain …

Subscribe to our Newsletter
I will subscribe later