Orbite slightly widens net loss in Q3

By Liz Gyekye
Published: Friday, 13 November 2015

The company has seen a widening of its net loss for the third quarter of this year due to a slight dip in net income. However, Orbite confirmed that it was fully financed for the completion of its HPA facility, due to come online in the next quarter.

TSX-listed Orbite Technologies Inc. has reported a slightly wider year-on-year (y-o-y) net loss for the quarter ended 30 September 2015 due to a decrease in net finance income.

In a statement, the company said net loss for Q3 2015 increased by Canadian dollar (C$) 1.9m ($1.4m*) to $2.1m....

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