According to FUNDER website data,
39 mutual funds hold Orbit shares in the amount of NIS 16.62 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of Orbit mutual funds according to FUNDER-MVF data
Orbit jumped 19.2% in revenue to $ 15.9 million in the fourth quarter of 2020 and 105% in Ebitda, which totaled $ 3.2 million compared to the same quarter last year.
Net income in the fourth quarter of 2020 amounted to approximately $ 1.8 million, compared with approximately $ 43,000 in the corresponding quarter last year.
In 2020, revenues totaled approximately $ 52.3 million, compared to approximately $ 51.8 million in 2019
In 2020, net profit grew by about 106% to about $ 4.6 million compared to about $ 2.2 million in 2019
Daniel Eshhar, CEO of Orbit, message: “In 2020, we continued to implement the strategy of focusing on projects that are growth engines while receiving significant and stable orders and increasing market share. The fourth quarter coordinated a number of rejected orders during the year and was characterized by continued efficiencies and a mix of products that led to improved profitability.
As of the end of 2020, we have framework agreements in the amount of approximately $ 53.4 million that are not included in the reported aggregate and we believe that Orbit is well positioned technologically and operationally to realize the business goals we set for ourselves later this year and in the future. The company sees an increase in the value chain for large projects, along with the maturation of additional growth engines and the development of new markets. High importance and leverage to establish our leading position in the target markets and ensure Orbit’s long-term growth. “
Orbit Technologies (Tel Aviv: Orbit) Operating in satellite communications, tracking systems and systems for managing communications and audio in aircraft, it published its financial results for the fourth quarter of 2020 and for the entire year. The results of the fourth quarter reflect the growth trend in the company’s revenues and profitability.
Orbit’s revenues in the fourth quarter of 2020 amounted to approximately $ 15.9 million, an increase of approximately 19.2% compared to approximately $ 13.3 million in the corresponding quarter in 2019. The increase in the Company’s sales is mainly due to increased revenues from services and revenues from services and spare parts sales.
Revenue in 2020 totaled approximately $ 52.3 million compared to approximately $ 51.8 million in 2019. In August 2020, Orbit announced a strategic agreement with US aircraft maker Lockheed Martin (NYSE: LMT), which selected Orbit’s Orion ™ Combat (3D-AMS) system to be The next generation of the F-16 communication and audio management system. The framework agreement signed includes the development, production and support of audio management systems – in the amount of approximately $ 46 million.
Gross profit in the fourth quarter of 2020 grew by approximately 62% and amounted to $ 6.1 million (38.2% of total revenues) compared to gross profit of approximately $ 3.7 million in the corresponding quarter last year (28.1% of total revenues). The increase in the gross profit margin from total revenues in the fourth quarter compared to the corresponding quarter last year is due to a change in the mix of products sold and efficiency measures taken by the company.
Gross profit in 2020 amounted to approximately $ 17.7 million (33.9% of total revenues) compared to gross profit of approximately $ 15.8 million (30.5% of total revenues) in 2019.
Operating profit in the fourth quarter of 2020 amounted to approximately $ 2.5 million, compared with operating profit of approximately $ 327,000 in the corresponding quarter in 2019. Operating profit in 2020 amounted to approximately $ 5.8 million, an increase of approximately 85.4% compared to operating profit Of approximately $ 3.1 million in 2019. The improvement in operating profit and profitability is due to the mix of products and streamlining measures taken by the company.
EBITDA in the fourth quarter of 2020 grew by about 104.6% and amounted to about $ 3.2 million, compared to about $ 1.5 million in the corresponding quarter last year. EBITDA in 2020 increased by about 34.1% and amounted to about $ 8.5 million compared to about $ 6.4 million in 2019.
Orbit’s net profit in the fourth quarter of 2020 amounted to approximately $ 1.8 million, compared with approximately $ 43,000 in the corresponding quarter last year. In 2020, net profit jumped by about 106.2% and amounted to about $ 4.6 million compared to about $ 2.2 million in 2019.
The backlog as of December 31, 2020 amounted to approximately $ 48.2 million, compared to an backlog of $ 47.8 million at the end of 2019. In addition, the Company has framework agreements in the amount of approximately $ 53.4 million that are not included in the reported backlog.
The Company’s shareholders’ equity on December 31, 2020 amounted to approximately $ 35.7 million, which constitutes approximately 58.2% of the balance sheet, compared to equity in the amount of approximately $ 30.9 million, which constitutes approximately 54.9% of the balance sheet at the end of 2019.