ORBCOMM (ORBC) Misses Q4 EPS by 1c

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Go back to ORBCOMM (ORBC) Misses Q4 EPS by 1c

ORBCOMM Announces First Quarter 2015 Results

May 7, 2015 8:30 AM EDT

Total Revenues of $42.3 Million, Increased 119% Over Prior Year with Organic Growth of Over 30%

Adjusted EBITDA of $9.0 Million, Increased 149% Over Prior Year

Subscriber Communicators Increased by 286,000 to 1,262,000

ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the first quarter ended March 31, 2015.

The following financial highlights are in thousands of dollars.

       

Three months ended March 31,

      2015   2014 Service Revenues $23,774 $14,426 Product Sales $18,556 $4,924 Total Revenues $42,330 $19,350... More