Long Island Iced Tea Corp.

Orbit degrades, but CEO says boosters will right ship

  ORBIT INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Capital goods OTC: ORBT Reporting Date: June 12, 2020 Reporting Quarter: 1Q FY2020 Quarter Ended: March 31, 2020 Numbers: Reported first-quarter net sales were $5.85 million, a 9.8-percent drop from the $6.49 million reported for the same quarter last fiscal year. Quarterly net income nosedived year-over-year – down more than 71 percent, to $20,000 – and earnings followed: First-quarter EBITDA was reported as $86,000 (2 cents per diluted…


No. 289: Einstein raps, inventors unite, LIJ expands and why flying taxis are closer than you thought

Slice of life: Welcome to March 14, dear readers, not quite the Ides of March (that’s tomorrow) but still a significant anniversary for mathematicians. The 426th, to be precise, of Ultimate Pi Day, which at precisely 6:53 a.m. on this date in 1592 marked the longest correspondence between the date and the opening digits of the infinite mathematical constant pi (3.141592653…) since the introduction of the Julian calendar. From cotton to Led: American inventor Eli…