Orbite Technologies Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of $3.7 million (or $0.01 per share) as compared to a net loss of $4.3 million ($0.02 per share) for the same period in 2014, representing a decrease of 12.7%. The decrease in net loss was due primarily to a reduction in financing costs and other expense, offset partially by an increase in HPA plant operating expenses, reflecting increased activity at the company's HPA facility. Cash flows used in operating activities increased by $1.0 million compared to the same period of 2014.

For the six months, net loss fell by $2.3 million to $6.4 million, as compared to the same period in 2014. The reduction in net loss was attributable mainly to a $1 million reduction in General and Administrative expense and a reduction in financing costs and other expense. Cash flows used in operating activities decreased by $0.8 million, as compared to the same period in 2014.