Orbit Technologies Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 16.43 million compared to USD 16.02 million a year ago. Net income was USD 3.15 million compared to USD 2.4 million a year ago. Basic earnings per share from continuing operations was USD 0.128 compared to USD 0.129 a year ago. Diluted earnings per share from continuing operations was USD 0.126 compared to USD 0.107 a year ago.
For the nine months, sales was USD 45.41 million compared to USD 42.57 million a year ago. Net income was USD 7.36 million compared to USD 6.28 million a year ago. Basic earnings per share from continuing operations was USD 0.298 compared to USD 0.337 a year ago. Diluted earnings per share from continuing operations was USD 0.294 compared to USD 0.282 a year ago.