BRIEF-Orbite posts Q1 net loss of $1.7 mln

Fri May 13, 2016 8:01am EDT
 
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May 13 (Reuters) - Orbite Technologies Inc :

* Orbite announces first quarter 2016 results

* Net loss for Q1 2016 decreased by $1.0 million to $1.7 million, as compared to same period in prior year

* Decrease in net loss during quarter is principally due to net finance expense (income) of $0.9 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)