Orbit Historical Income Statement

OGD Stock

CAD 1.14 0.01 0.87%

Historical analysis of Orbit Garant income statement accounts such as Total Revenue of 141.1 M can show how well Orbit Garant Drilling performed in making a profits. Evaluating Orbit Garant income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Orbit Garant's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Orbit Garant Drilling latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Orbit Garant Drilling is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Orbit Income Statement Analysis

Orbit Garant Drilling Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Orbit Garant shareholders. The income statement also shows Orbit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Orbit Garant Income Statement Chart

At this time, Orbit Garant's Interest Expense is very stable compared to the past year. As of the 27th of February 2025, EBITDA is likely to grow to about 10 M, while Depreciation And Amortization is likely to drop about 10.9 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Reconciled Depreciation

Total Revenue

Total revenue comprises all receipts Orbit Garant Drilling generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Orbit Garant Drilling minus its cost of goods sold. It is profit before Orbit Garant operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Orbit Garant Drilling. It is also known as Orbit Garant overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Orbit Garant's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Orbit Garant Drilling current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2023	2024	2025 (projected)
Interest Expense	3.3M	3.5M	4.0M	4.2M
Depreciation And Amortization	11.1M	10.7M	12.3M	10.9M

Interest Expense Depreciation And Amortization

Orbit Garant income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.31	0.74	0.49	0.2	0.51	-0.29	-0.31	-0.13	0.5	0.61	-0.35	-0.37	-0.36	-0.12	0.26	-0.01	-0.02	-0.27	0.4
Interest Expense	0.31		0.44	0.71	0.39	0.7	0.26	0.19	0.24	0.69	0.69	0.05	-0.08	0.15	-0.27	0.65	0.37	-0.19	-0.96	0.86
Selling General Administrative	0.74	0.44		0.81	0.49	0.82	0.19	0.14	0.29	0.81	0.89	0.09	0.0	0.12	-0.03	0.24	0.34	0.09	-0.47	0.35
Total Revenue	0.49	0.71	0.81		0.61	0.99	0.41	0.35	0.45	0.99	0.85	0.25	0.03	0.25	0.1	0.33	0.49	0.22	-0.75	0.59
Gross Profit	0.2	0.39	0.49	0.61		0.52	0.61	0.61	0.68	0.51	0.55	0.55	-0.11	0.48	0.47	0.1	0.38	0.03	-0.31	0.13
Other Operating Expenses	0.51	0.7	0.82	0.99	0.52		0.35	0.28	0.38	1.0	0.85	0.18	0.05	0.2	0.03	0.33	0.47	0.22	-0.76	0.6
Operating Income	-0.29	0.26	0.19	0.41	0.61	0.35		0.98	0.96	0.35	0.27	0.96	0.66	0.95	0.43	0.06	0.38	0.15	-0.28	0.11
Ebit	-0.31	0.19	0.14	0.35	0.61	0.28	0.98		0.98	0.28	0.2	0.99	0.67	0.96	0.5	0.01	0.37	0.2	-0.21	0.07
Ebitda	-0.13	0.24	0.29	0.45	0.68	0.38	0.96	0.98		0.38	0.31	0.96	0.62	0.92	0.52	0.02	0.38	0.24	-0.26	0.12
Cost Of Revenue	0.5	0.69	0.81	0.99	0.51	1.0	0.35	0.28	0.38		0.83	0.19	0.06	0.2	0.06	0.31	0.47	0.26	-0.75	0.6
Total Operating Expenses	0.61	0.69	0.89	0.85	0.55	0.85	0.27	0.2	0.31	0.83		0.12	-0.01	0.22	-0.24	0.53	0.39	-0.22	-0.67	0.57
Income Before Tax	-0.35	0.05	0.09	0.25	0.55	0.18	0.96	0.99	0.96	0.19	0.12		0.71	0.96	0.53	-0.05	0.36	0.22	-0.07	-0.05
Total Other Income Expense Net	-0.37	-0.08	0.0	0.03	-0.11	0.05	0.66	0.67	0.62	0.06	-0.01	0.71		0.77	0.11	-0.08	0.19	0.22	-0.05	0.0
Net Income	-0.36	0.15	0.12	0.25	0.48	0.2	0.95	0.96	0.92	0.2	0.22	0.96	0.77		0.28	0.09	0.44	0.03	-0.16	0.0
Income Tax Expense	-0.12	-0.27	-0.03	0.1	0.47	0.03	0.43	0.5	0.52	0.06	-0.24	0.53	0.11	0.28		-0.47	-0.1	0.7	0.25	-0.18
Research Development	0.26	0.65	0.24	0.33	0.1	0.33	0.06	0.01	0.02	0.31	0.53	-0.05	-0.08	0.09	-0.47		0.2	-0.54	-0.47	0.68
Net Income From Continuing Ops	-0.01	0.37	0.34	0.49	0.38	0.47	0.38	0.37	0.38	0.47	0.39	0.36	0.19	0.44	-0.1	0.2		0.12	-0.42	0.05
Tax Provision	-0.02	-0.19	0.09	0.22	0.03	0.22	0.15	0.2	0.24	0.26	-0.22	0.22	0.22	0.03	0.7	-0.54	0.12		0.02	-0.07
Net Interest Income	-0.27	-0.96	-0.47	-0.75	-0.31	-0.76	-0.28	-0.21	-0.26	-0.75	-0.67	-0.07	-0.05	-0.16	0.25	-0.47	-0.42	0.02		-0.82
Reconciled Depreciation	0.4	0.86	0.35	0.59	0.13	0.6	0.11	0.07	0.12	0.6	0.57	-0.05	0.0	0.0	-0.18	0.68	0.05	-0.07	-0.82

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Orbit Garant Account Relationship Matchups

Orbit Garant income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	10.5M	11.1M	11.1M	10.7M	12.3M	10.9M
Interest Expense	2.3M	2.2M	3.3M	3.5M	4.0M	4.2M
Selling General Administrative	14.5M	14.5M	16.4M	15.6M	18.0M	13.7M
Total Revenue	163.3M	195.5M	201.0M	181.2M	208.4M	141.1M
Gross Profit	20.3M	13.7M	18.3M	20.4M	18.3M	15.2M
Other Operating Expenses	157.5M	196.3M	199.1M	181.2M	208.4M	136.5M
Operating Income	2.6M	(697K)	6.4M	(456K)	(410.4K)	(389.9K)
Ebit	7.0M	(1.2M)	3.8M	(1.6M)	(1.4M)	(1.3M)
Ebitda	17.6M	10.0M	14.9M	9.2M	8.2M	10.0M
Cost Of Revenue	143.0M	181.7M	182.6M	160.9M	185.0M	120.2M
Total Operating Expenses	14.5M	14.5M	16.4M	19.6M	22.5M	16.3M
Income Before Tax	4.8M	(3.4M)	429K	(5.0M)	(4.5M)	(4.3M)
Total Other Income Expense Net	(1.0M)	(2.6M)	(1.5M)	(4.6M)	(5.3M)	(5.5M)
Net Income	2.3M	(6.6M)	(669K)	(1.3M)	(1.2M)	(1.1M)
Income Tax Expense	2.5M	3.2M	1.1M	(3.7M)	(3.4M)	(3.2M)
Net Income From Continuing Ops	2.3M	(6.6M)	(669K)	(1.3M)	(1.5M)	(1.6M)
Net Income Applicable To Common Shares	(7.4M)	2.3M	(6.6M)	(669K)	(769.4K)	(807.8K)
Tax Provision	2.5M	3.2M	1.1M	(3.7M)	(4.3M)	(4.1M)
Net Interest Income	(2.3M)	(2.2M)	(3.3M)	(3.5M)	(3.1M)	(3.3M)
Reconciled Depreciation	10.5M	11.1M	11.1M	10.7M	12.3M	11.4M

Pair Trading with Orbit Garant

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Orbit Garant position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Orbit Garant will appreciate offsetting losses from the drop in the long position's value.

Moving together with Orbit Stock

0.92

ORE

Orezone Gold Corp

Pair Corr

Moving against Orbit Stock

0.58	IE	Ivanhoe Energy	Pair Corr
0.58	INFM	Infinico Metals Corp	Pair Corr
0.45	RY	Royal Bank	Pair Corr
0.43	AG	First Majestic Silver	Pair Corr

The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Orbit Garant - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Orbit Garant Drilling to buy it.

The correlation of Orbit Garant is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Orbit Garant can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Orbit Stock

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Orbit Historical Income Statement

About Orbit Income Statement Analysis

Orbit Garant Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Orbit Garant income statement Correlations

Orbit Garant Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Orbit Garant income statement Accounts

Pair Trading with Orbit Garant

Moving together with Orbit Stock

Moving against Orbit Stock

Other Information on Investing in Orbit Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Income Before Tax	+ 0.99	Ebit
Ebit	+ 0.98	Operating Income
Ebitda	+ 0.98	Ebit

Net Interest Income	- 0.96	Interest Expense
Reconciled Depreciation	- 0.82	Net Interest Income
Net Interest Income	- 0.76	Other Operating Expenses
Net Interest Income	- 0.75	Cost Of Revenue
Net Interest Income	- 0.75	Total Revenue
Net Interest Income	- 0.67	Total Operating Expenses