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

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forage Orbit Garant Inc. published the original content used to generate this news brief on September 25, 2026, and is solely responsible for the information contained therein.

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.

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Orbit Garant management commentary cites long-term contract ramp-ups, cost inflation as fiscal 2026 net loss hits CAD 1.5 million

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