ORBCOMM (ORBC) Misses Q2 EPS by 2c

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Go back to ORBCOMM (ORBC) Misses Q2 EPS by 2c

ORBCOMM Announces Second Quarter 2016 Results

August 4, 2016 7:01 AM EDT

Total Revenues of $50.1 Million Increase 12% and Service Revenues Grow 15%, Over Prior Year
Adjusted EBITDA of $12.1 Million, Increases 17% Over Prior Year
Company Adds Over 41,000 Net Subscriber Communicators in the Quarter

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 second quarter ended June 30, 2016.

The following financial highlights are in thousands of dollars.

   

Quarter Ended June 30,

     

Six months EndedJune 30,

  2016       2015 2016       2015 Service Revenues $27,694 $24,011 $54,608 $47,785 Product Sales $22,370 $20,872 $39,016 $39,428 Total Revenues $50,064 $44,883 $93,624 $87,213... More