Orbit International Corp (ORBT) financial statements (2020 and earlier)

Company profile

Business Address 80 CABOT COURT
HAUPPAUGE, NY 11788
State of Incorp. DE
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,805861
Cash and cash equivalents2,562610
Short-term investments243251
Receivables2,9815,372
Inventory, net of allowances, customer advances and progress billings11,80313,271
Inventory11,80313,271
Prepaid expense and other current assets264252
Costs in excess of billings 875
Other undisclosed current assets 447
Total current assets:17,85321,078
Noncurrent Assets
Property, plant and equipment9751,099
Intangible assets, net (including goodwill)868868
Goodwill868868
Prepaid expense and other noncurrent assets35125
Other undisclosed noncurrent assets 1,806
Total noncurrent assets:1,8783,898
TOTAL ASSETS:19,73124,976
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6592,035
Accounts payable510741
Accrued liabilities1,1491,294
Debt2,10033
Other undisclosed current liabilities784,075
Total current liabilities:3,8376,143
Noncurrent Liabilities
Long-term debt and lease obligation 8
Long-term debt, excluding current maturities 8
Other undisclosed noncurrent liabilities441
Total noncurrent liabilities:449
Total liabilities:3,8416,192
Stockholders' equity
Stockholders' equity attributable to parent15,89018,784
Common stock523510
Treasury stock, value(2,133)(1,700)
Additional paid in capital22,82422,726
Accumulated other comprehensive loss(5)(3)
Accumulated deficit(5,319)(2,749)
Total stockholders' equity:15,89018,784
TOTAL LIABILITIES AND EQUITY:19,73124,976

Income statement (P&L) ($ in thousands)

12/31/2013
12/31/2012
Revenues
(Revenue, Net)
24,83829,438
Cost of revenue
(Cost of Goods and Services Sold)
(15,601)(17,957)
Other undisclosed gross profit106180
Gross profit:9,34311,661
Operating expenses(11,750)(12,415)
Operating loss:(2,407)(754)
Nonoperating income
(Investment Income, Nonoperating)
22144
Interest and debt expense(59)(124)
Loss from continuing operations before equity method investments, income taxes:(2,444)(734)
Other undisclosed income from continuing operations before income taxes2,181669
Loss from continuing operations before income taxes:(263)(65)
Income tax expense(2,307)(70)
Net loss available to common stockholders, diluted:(2,570)(135)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(2,570)(135)
Comprehensive loss:(2,570)(135)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)15
Comprehensive loss, net of tax, attributable to parent:(2,572)(120)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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