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Orbit International

OverviewSuggest Edit

Orbit International is a company engaged in the design, manufacture, and distribution of electronic components and subsystems, and commercial and custom power units. It serves prime contractors, government procurement agencies, and research and development laboratories. The company operates in two segments: Electronics Group and Power Group. The Electronics Group segment provides customized electronic components and subsystems, below-deck control products, and offers systems integration for gun weapons systems and fire control interface. The Power Group segment designs and manufactures commercial power units, commercial-off-the-shelf power solutions, as well as the electronic products for measurement and display.

TypePublic
Founded1957
HQHauppauge, NY, USMap
Websiteorbitintl.com
Overall CultureC-More

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2014)122(-18%)
Revenue (FY, 2019)$26 M(+6%)
Share Price (Jan 2021)$5.8
Cybersecurity ratingBMore

Key People/Management at Orbit International

Mitch Binder

Mitch Binder

CEO
Karl Schmidt

Karl Schmidt

COO, EVP
David Goldman

David Goldman

CFO
Mark Prieto

Mark Prieto

SVP Business Development
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Orbit International Office Locations

Orbit International has an office in Hauppauge
Hauppauge, NY, US (HQ)
80 Cabot Ct
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Orbit International Financials and Metrics

Orbit International Revenue

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Orbit International's revenue was reported to be $25.98 m in FY, 2019 which is a 5.4% increase from the previous period.
USD

Revenue (Q1, 2020)

5.9m

Gross profit (Q1, 2020)

1.8m

Gross profit margin (Q1, 2020), %

30.3%

Net income (Q1, 2020)

20.0k

Market capitalization (15-Jan-2021)

23.2m

Closing stock price (15-Jan-2021)

5.8

Cash (31-Mar-2020)

2.8m

EV

21.3m
Orbit International's current market capitalization is $23.2 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

20.9m24.7m26.0m

Revenue growth, %

1%18%5%

Cost of goods sold

12.7m16.5m18.6m

Gross profit

8.1m8.1m7.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

5.2m5.0m5.0m5.3m5.0m6.3m6.5m6.9m6.1m5.9m

Cost of goods sold

3.2m3.2m2.9m3.2m3.3m4.1m4.8m4.7m4.3m4.1m

Gross profit

2.0m1.9m2.1m2.2m1.8m2.2m1.7m2.2m1.8m1.8m

Gross profit Margin, %

39%37%42%40%35%35%26%32%29%30%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

941.0k4.5m3.6m

Accounts Receivable

3.2m2.1m2.9m

Inventories

10.1m10.1m10.5m

Current Assets

14.7m17.4m18.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

1.9m2.4m791.0k858.0k1.1m1.6m2.9m3.6m3.9m2.8m

Accounts Receivable

3.0m2.7m3.0m2.5m1.9m2.9m3.4m2.4m2.7m3.1m

Inventories

10.0m10.0m10.0m9.6m10.9m11.4m10.7m10.0m10.3m11.2m

Current Assets

15.4m15.3m14.4m15.9m16.5m16.9m17.6m17.4m18.5m18.2m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

1.8m2.2m463.0k

Depreciation and Amortization

114.0k105.0k87.0k

Inventories

(78.0k)(972.0k)67.0k

Accounts Payable

41.0k749.0k114.0k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

313.0k537.0k1.2m421.0k1.2m1.8m70.0k654.0k679.0k20.0k

Depreciation and Amortization

33.0k65.0k90.0k24.0k53.0k80.0k21.0k45.0k65.0k23.0k

Inventories

4.0k48.0k(15.0k)523.0k(803.0k)(1.4m)(554.0k)117.0k399.0k(694.0k)

Accounts Payable

240.0k244.0k226.0k149.0k410.0k740.0k588.0k(130.0k)(288.0k)(27.0k)
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USDQ1, 2017

Financial Leverage

1.1 x
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Orbit International Operating Metrics

Orbit International's Backlog was reported to be $20.8m in FY, 2019.
Mar, 2017Jun, 2017Q2, 2017Aug, 2017Q4, 2017Mar, 2018Q1, 2018Q2, 2018Aug, 2018Q3, 2018Oct, 2018Nov, 2018Dec, 2018Q4, 2018FY, 2018Mar, 2019Q1, 2019Q2, 2019Q3, 2019Oct, 2019Dec, 2019Q4, 2019FY, 2019Mar, 2020Q1, 2020

Backlog

$26.49 m$25.93 m$22.52 m$20.57 m$17.88 m$19.55 m$20.50 m$20.83 m

Bookings

$6.80 m$9.30 m$2 m$6 m$2.65 m$8.50 m$7.10 m$6.90 m

Bookings (Electronics Group)

$1 m$2.20 m$1.84 m$3 m$1.10 m$1.20 m$1.45 m$3 m

Bookings (Power Group)

$1 m$900 k$1 m$4.30 m$1.38 m$1.20 m
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Orbit International Acquisitions / Subsidiaries

Company NameDateDeal Size
Q-VioAugust 22, 2019$388 k
Integrated Combat SystemsDecember 19, 2007$6.60 m
Tulip Development LaboratoryApril 05, 2005$8.50 m
AstrosystemsFebruary 06, 1996$3.71 m
Behlman ElectronicsFebruary 06, 1996
Symax GarmentFebruary 23, 1993$615 k
Panda GroupJuly 01, 1992
Behlman Electronics Inc.
Q-Vio Corp.

Orbit International Revenue Breakdown

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Orbit International revenue breakdown by business segment: 63.0% from Power Group and 37.0% from Electronics Group

Orbit International revenue breakdown by geographic segment: 96.0% from Domestic and 4.0% from Other

Orbit International Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Orbit International Online and Social Media Presence

Orbit International's Trends

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Orbit International Company Culture

  • Overall Culture

    C-

    68/100

  • CEO Rating

    C-

    67/100

  • Compensation

    C+

    73/100

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Orbit International News and Updates

November 11, 2020

Orbit International Corp. Reports 2020 Third Quarter Results

Third Quarter 2020 Net Income of $864,000 ($0.25 per diluted share) v. Net Income of $25,000 ($0.01 per diluted share) in Prior Year Period
August 18, 2020

Orbit International Corp. Reports 2020 Second Quarter Results

Second Quarter 2020 Net Loss of $396,000 ($0.11 loss per diluted share) v. Net Income of $584,000 ($0.16 per diluted share) in Prior Year Period
June 11, 2020

Orbit International Corp. Reports 2020 First Quarter Results

First Quarter 2020 Net Income of $20,000 ($0.01 per diluted share) v. $70,000 ($0.02 per diluted share) in Prior Period
March 05, 2020

Orbit International Corp. Announces Special Annual Cash Dividend of $0.04 per Common Share

Company Announces Cash Dividend of $0.01 per Common Share for the First Quarter of 2020 Company Announces Cash Dividend of $0.01 per Common Share for the First Quarter of 2020
January 07, 2020

Orbit International Corp. Reports Fourth Quarter Bookings in Excess of $7,100,000

Electronics Group Bookings Exceed $3,000,000 for Month of December
December 04, 2019

Orbit International Corp. Announces Cash Dividend of $0.01 Per Common Share for the Fourth Quarter of 2019

HAUPPAUGE, N.Y., Dec. 04, 2019 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, announced today that its Board of Directors has declared a cash dividend of $0.01 per share payable to shareholders of record as of December 31,…
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Orbit International Blogs

October 07, 2020

ORBIT INTERNATIONAL’S POWER GROUP REPORTS THIRD QUARTER BOOKINGS OF APPROXIMATELY $3,400,000

Hauppauge, New York, October 7, 2020– Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings for its Power Group (“OPG”), through its Behlman… Read More »
August 20, 2020

ORBIT INTERNATIONAL’S POWER GROUP RECEIVES NEW ORDER TOTALING APPROXIMATELY $1,790,000

ORBIT INTERNATIONAL’S POWER GROUP RECEIVES NEW ORDER TOTALING APPROXIMATELY $1,790,000 Hauppauge, New York, August 20, 2020 — Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today… Read More »
August 19, 2020

ORBIT INTERNATIONAL CORP. REPORTS 2020 SECOND QUARTER RESULTS

ORBIT INTERNATIONAL CORP. REPORTS 2020 SECOND QUARTER RESULTS Second Quarter 2020 Net Loss of $396,000 ($0.11 loss per diluted share) v. Net Income of $584,000 ($0.16 per diluted share) in… Read More »
June 11, 2020

ORBIT INTERNATIONAL CORP. REPORTS 2020 FIRST QUARTER RESULTS

Hauppauge, New York, June 11, 2020 – Orbit International Corp. (OTC PINK:ORBT) today announced results for the first quarter ended March 31, 2020. First Quarter 2020 vs. First Quarter 2019… Read More »
May 12, 2020

ORBIT INTERNATIONAL CORP. REPORTS APRIL BOOKINGS FOR ITS ELECTRONICS GROUP IN EXCESS OF $1,850,000

Large Follow-On Order Has Expected Deliveries Starting Mid-2021 through 2022 Hauppauge, New York, May 11, 2020– Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced… Read More »
May 06, 2020

ORBIT INTERNATIONAL CORP. RECEIVES $1.6 MILLION LOAN UNDER PAYCHECK PROTECTION PROGRAM PROVISION OF CARES ACT

ORBIT INTERNATIONAL CORP. RECEIVES $1.6 MILLION LOAN UNDER PAYCHECK PROTECTION PROGRAM PROVISION OF CARES ACT COMPANY TO SUSPEND QUARTERLY CASH DIVIDEND PAYMENT Hauppauge, New York, May 5, 2020– Orbit International… Read More »
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 Orbit International Frequently Asked Questions

  • When was Orbit International founded?

    Orbit International was founded in 1957.

  • Who are Orbit International key executives?

    Orbit International's key executives are Mitch Binder, Karl Schmidt and David Goldman.

  • How many employees does Orbit International have?

    Orbit International has 122 employees.

  • What is Orbit International revenue?

    Latest Orbit International annual revenue is $26 m.

  • What is Orbit International revenue per employee?

    Latest Orbit International revenue per employee is $213 k.

  • Who are Orbit International competitors?

    Competitors of Orbit International include Booz Allen Hamilton Engineering Services, U.S. Dynamics and Communication Power.

  • Where is Orbit International headquarters?

    Orbit International headquarters is located at 80 Cabot Ct, Hauppauge.

  • Where are Orbit International offices?

    Orbit International has an office in Hauppauge.

  • How many offices does Orbit International have?

    Orbit International has 1 office.