Orbit Garant management commentary cites long-term contract ramp-ups, cost inflation as fiscal 2026 net loss hits CAD 1.5 million
Bitget2026/09/25 03:15- In management commentary for fiscal 2026, revenue rose 7.5% to CAD 203.2 million, while net results swung to a CAD 1.5 million loss.
- Gross margin fell to 9.7% from 15.0%, driven by ramp-up costs on major long-term contracts, cost inflation, weaker productivity.
- Adjusted EBITDA dropped to CAD 13.7 million from CAD 21.7 million, reflecting lower operating earnings and a CAD 1.2 million expected credit loss.
- Fourth-quarter revenue climbed 21.3% to CAD 57.2 million, but gross margin halved to 8.2% as Canada productivity weakened.
- Orbit Garant highlighted a new five-year specialized drilling contract in Canada expected to exceed CAD 100 million revenue, with ramp-up underway.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Raphael Zagury: Bitcoin will eventually surpass gold
Federal Reserve Bowman: AI Brings Both Opportunities and Risks to the Banking Industry, Fed Urges Strengthening of System Security Protections
Federal Reserve Vice Chair for Supervision, Bowman, warned that AI has a dual impact on the banking industry, serving both as a defensive tool and introducing new emerging risks. She urged banks to strengthen basic cybersecurity measures, including updating asset inventories, deploying multi-factor authentication, and improving vulnerability management. Bowman also stated that regulators will continue to adjust their examination approaches, implementing differentiated supervision for community banks instead of imposing blanket mandatory requirements.
FingerMotion to Buy Newbit Technology for $2.3 Million
BUZZ - Pyxis Oncology shares decline after launching equity financing
Crypto prices
More
