ORBCOMM (ORBC) Tops Q3 EPS by 2c

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Go back to ORBCOMM (ORBC) Tops Q3 EPS by 2c

ORBCOMM Announces Third Quarter 2015 Results

November 5, 2015 8:30 AM EST

Total Revenues of $46.1 Million, Increased 99% Over Prior Year with Organic Growth of 33%

Net Income of $1.6 million and Adjusted EBITDA of $11.0 Million

Announces OG2 Satellite Launch Expected in December 2015

Expands Solutions Portfolio into Refrigerated Sea Containers through WAM Acquisition

ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the third quarter ended September 30, 2015.

The following financial highlights are in thousands of dollars.

   

Three months ended

September 30,

   

Nine months ended

September 30,

2015   2014 2015   2014 Service Revenues... More