Orbite Technologies, Inc. :ORT-CA: Earnings Analysis: Q3, 2016 By the Numbers : December 1, 2016

Orbite Technologies, Inc. reports financial results for the quarter ended September 30, 2016.

Analysis

  • Summary numbers: Revenues of CAD 0 million, Net Earnings of CAD -4.80 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • ORT-CA‘s earnings and EBITDA are both negative which suggest that P/E or Price/EBITDA are not meaningful to make this analysis between operating advantage (ROE) and growth expectations (as suggested by P/E or P/EBITDA).
  • Cash and Cash equivalents were down this period to 7.70 million compared to 28.51 million in the same period last year.
  • Of the 4 chosen peers for the company, only 3 of the stocks have an outstanding debt balance. Companies with no debt include BEA-CA.
  • Net income of -4.80 million this period compared to a net income of -1.92 million last period. This is a growth of -150.73% over the previous period. In comparison, the peer group grew at -42.69%

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Company Profile

Orbite Technologies, Inc. is a Canadian clean technology based mineral-processing and resource development company. The firm produces alumina and other products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. The company was founded on June 17, 1983 and is headquartered in Montréal, Canada.

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