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Last C$0.91 CAD
Change Today -0.01 / -1.09%
Volume 900.0
OGD On Other Exchanges
As of 12:08 PM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

orbit garant drilling inc (OGD) Snapshot

Previous Close
Day High
Day Low
52 Week High
12/8/14 - C$1.50
52 Week Low
08/26/15 - C$0.79
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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orbit garant drilling inc (OGD) Details

Orbit Garant Drilling Inc. provides mineral drilling services in Canada and internationally. It provides surface and underground drilling services for each stage of mineral exploration, mine development, and production to major, intermediate, and junior mining companies; and geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies. As of September 22, 2015, the company operated a fleet of 209 drill rigs. It also manufactures and maintains surface and underground drills; and custom drill rigs for drilling projects. The company was founded in 1965 and is headquartered in Val-d’Or, Canada.

642 Employees
Last Reported Date: 09/22/15
Founded in 1965

orbit garant drilling inc (OGD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$299.0K
Chief Financial Officer, Vice President and C...
Total Annual Compensation: C$181.0K
Vice Chairman and Vice President of Business ...
Total Annual Compensation: C$217.0K
Compensation as of Fiscal Year 2014.

orbit garant drilling inc (OGD) Key Developments

Orbit Garant Drilling, Inc. Reports Audited Consolidated Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2015

Orbit Garant Drilling, Inc. reported audited consolidated financial results for the fourth quarter and fiscal year ended June 30, 2015. For the three months ended June 30, 2015 revenue was CAD 22.8 million, an increase of 12.4% from CAD 20.2 million for the three-month period ended June 30, 2014. Earnings before interest, taxes, depreciation and amortization was CAD 0.3 million compared to CAD 1.9 million in the fourth quarter a year ago. The company's net loss was CAD 2.0 million, or CAD 0.06 per basic and diluted share, compared to a net loss of CAD 0.8 million, or CAD 0.02 per basic and diluted share, in the fourth quarter a year ago. The increased net loss was primarily attributable to lower gross margins and the one-time gain associated with the reversal of portions of contingent earn-out considerations in the fourth quarter a year ago. For Fiscal 2015, revenue increased 10.4% to CAD 79.0 million, compared to CAD 71.5 million for the fiscal year ended June 30, 2014. Revenue growth was primarily attributable to an increase in metres drilled in Canada and the sale of six new drill rigs in the second half of Fiscal 2015, partially offset by a decline in international drilling revenue. EBITDA was CAD 1.8 million in Fiscal 2015, compared to CAD 3.4 million in Fiscal 2014. Net loss was CAD 7.4 million, or CAD 0.22 per basic and diluted share, compared to CAD 6.3 million, or CAD 0.19 per basic and diluted share, in Fiscal 2014. Reduced international revenue in the first half of Fiscal 2015, lower gross margins, and international market development expenses as discussed above, contributed to the Company's net loss in Fiscal 2015. Moreover, a reversal of portions of contingent earn-out considerations generated a gain of CAD 0.2 million in Fiscal 2015, compared to a gain of CAD 1.0 million in Fiscal 2014. As at June 30, 2015, the company's long-term debt, including the current portion, was CAD 7.4 million compared to CAD 8.5 million at June 30, 2014.

Orbit Garant Drilling, Inc. to Report Q4, 2015 Results on Sep 22, 2015

Orbit Garant Drilling, Inc. announced that they will report Q4, 2015 results at 5:00 PM, Eastern Standard Time on Sep 22, 2015

Orbit Garant Drilling, Inc., Q4 2015 Earnings Call, Sep 23, 2015

Orbit Garant Drilling, Inc., Q4 2015 Earnings Call, Sep 23, 2015


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