Orbit Technologies Ltd reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 15.5 million compared to USD 14.05 million a year ago. Net income was USD 2.48 million compared to USD 2.47 million a year ago. Basic earnings per share from continuing operations was USD 0.101 compared to USD 0.133 a year ago. Diluted earnings per share from continuing operations was USD 0.099 compared to USD 0.112 a year ago.
For the six months, sales was USD 28.98 million compared to USD 26.55 million a year ago. Net income was USD 4.2 million compared to USD 3.88 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.208 a year ago. Diluted earnings per share from continuing operations was USD 0.168 compared to USD 0.174 a year ago.