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Earnings report was OUT, UGLY ! Everything is lower.      7-May-09 09:00 am    
It will go back to below 2 IMO. Revenue, Gross margin, are down. Also, still posted a LOSS.
Net sales decreased 8.5% to $6,047,000 from $6,610,000;
* Gross margin was 37.6% compared to 39.9%;
* Net loss was $353,000, compared to net income of $11,000;
* Net loss per share was $.08 compared to a breakeven 2008 first
quarter;
* Earnings before interest, taxes, depreciation and amortization,
and stock based compensation (EBITDA, as adjusted) was a loss of
$49,000 ($.01 loss per share) compared to income of $382,000
($.08 per diluted share);
* Backlog at March 31, 2009 was $14.3 million, down 9.5% from
$15.8 million at December 31, 2008 and up 4.4% from $13.7 million
at March 31, 2008.


Sentiment : Strong Sell
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AlMlk


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  Subject Author Rating Time of Post (ET)  
 
Earnings report was OUT, UGLY ! Everything is lower.
AlMlk Not rated 7-May-09 09:00 am  
 
ORBT will slowly drift back down to below 2. The ...
AlMlk Rate it 7-May-09 10:19 am  
 
With all the recent "good news" coming out of the ...
investabc12... Rate it 7-May-09 06:25 pm  
 
Nope! What good news? Just pumping by the m...
AlMlk Rate it 8-May-09 09:03 am  
 
Another fine quarter and year by SUNSHIN...
smallcapmas... Rate it 12-May-09 02:04 pm  
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Orbit International Corp. (ORBT)

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