Comtech Telecommunications Corp.

Orbit rises above ‘issues,’ but Lifetime suffers 3Q loss

  ORBIT INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Capital goods OTC: ORBT Reporting Date: Nov. 9, 2017 Reporting Quarter: 3Q FY2017 Quarter Ended: Sept. 30, 2017 Numbers: Net sales were reported as $5.00 million, down 8.8 percent from the $5.48 million reported for 3Q FY2016. But year-over-year reported net income rose – from $455,000 (11 cents per diluted share) to $699,000 (19 cents per diluted share) – and earnings before EBITDA held virtually steady ($507,000 and…


LI businesses charged up by low-cost juice

The New York Power Authority has approved another round of low-cost power allocations through the ReCharge NY program, with Long Island companies reaping the lion’s share of this round’s benefits. Gov. Andrew Cuomo’s office announced Thursday that NYPA’s Board of Directors has awarded reduced electricity rates to 11 Long Island companies through ReCharge NY, which Cuomo signed into law in 2011 to provide low-cost power to businesses that commit to job creation and new capital…


Army extends Comtech contract

Up, down, up at ‘transformative’ Comtech

Lower income but dramatically higher sales – both attributed to a key February acquisition – set a mixed fourth-quarter tone at Comtech Telecommunications Corp. The Melville-based maker of high-tech communications systems reported earnings Thursday for its fiscal year 2016 fourth quarter, which ended July 31, and for its full fiscal year, which also wrapped up on that date. Among the fourth-quarter highlights: net sales of $152.4 million, nearly double the $77.5 million reported in 4Q…