ORBCOMM (ORBC) Misses Q2 EPS by 2c
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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.
 ÂQuarter Ended June 30,
  ÂSix 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