Earnings

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…

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On cotton, new capital and comebacks to come

By GREGORY ZELLER // Capital infusions and superstar strategic advisors couldn’t save Applied DNA Sciences from another bottom-line beating in the first quarter of Fiscal 2017 – but the biotech appears ready to punch back. Reporting Thursday on the quarter ended Dec. 31, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist noted $903,000 in quarterly revenues – down 32 percent from the $1.32 million reported in 1Q FY2016, and 45 percent from the $1.64 million reported in 4Q…


At Chembio, looking beyond the numbers

By GREGORY ZELLER // While it made “important advances … intended to prepare the company for growth,” according to its CEO, Chembio Diagnostic Systems has suffered another subpar fiscal quarter. The news is not all bad for the Medford-based biotech, which produces point-of-care diagnostic tests for a range of medical conditions. Earlier this month, the company announced the acquisition of a private Malaysian distributor of POC diagnostic tests, while Brazil’s national health-regulatory agency has approved…


CEO: Despite turbulent 3Q, CPI Aero set to climb

A 19 percent drop in revenues and 29 percent dive in net income marked a third-quarter bottom-line stumble for CPI Aerostructures, though company officials – referencing a “front-loaded” 2014 contract – downplayed the “expected” declines. Reporting Tuesday on the third quarter of its 2016 fiscal year (ended Sept. 30), the Edgewood-based aerospace manufacturer also noted drops in gross profits (down 10.7 percent, to $5.6 million), pre-tax income (down 22.8 percent, to $2.7 million) and earnings…


Napco Security locks up another winning quarter

The hot streak continues for Napco Security Technologies, which rode an 80 percent leap in net income to set a new first-quarter revenue record. Reporting Monday on the first three months of its 2017 fiscal year, the Amityville-based provider of high-tech security solutions noted $20.2 million in earnings, marking an 11 percent increase over revenues reported for 1Q FY2016 and setting a new first-quarter high-water mark. The impressive haul also marked the sixth straight quarter…


Henry Schein shines in ‘record’ 3Q performance

When the worst news of your quarterly earnings report is you’re affirming your EPS guidance for the rest of the year, you know you’re doing fairly well. “Fairly well” is a relative term, of course, and for Henry Schein Inc., it loosely translates to another quarter of rising revenues and improved per-share earnings. Reporting Wednesday on the third quarter of its 2016 fiscal year, the Melville-based global healthcare products and services distributor noted impressive gains…


Systemax spins positives after 3Q dip

Despite impressive gains by its Industrial Products Group – including the group’s 27th consecutive quarter posting revenue growth and a nearly 10 percent increase in its sales force –Systemax Inc. swung to a third-quarter loss. Reporting Monday on its FY2016 third quarter, the Port Washington-based supplier of brand-name and private-label computers and other consumer electronics – largely through e-commerce platforms – reported net sales of $414.8 million, a 2 percent drop from the $423.3 million…