Orbit Technologies Second Quarter 2024 Earnings: EPS: US$0.12 (vs US$0.10 in 2Q 2023)

Simply Wall St · 08/31 07:18

Orbit Technologies (TLV:ORBI) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$16.5m (up 6.1% from 2Q 2023).
  • Net income: US$3.04m (up 23% from 2Q 2023).
  • Profit margin: 19% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$0.12 (up from US$0.10 in 2Q 2023).
earnings-and-revenue-history
TASE:ORBI Earnings and Revenue History August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Orbit Technologies shares are up 5.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Orbit Technologies' balance sheet.