ORBCOMM (ORBC) Reports In-Line Q3 EPS; Trims FY16 Revenue Outlook

ORBCOMM Announces Third Quarter 2016 Results

November 2, 2016 7:01 AM EDT

Total Revenues of $46.3 Million Up Slightly to Prior Year

Service Revenues Growing 15% Over Prior Year

Adjusted EBITDA of $12.0 Million, Increases 8.5% Over Prior Year

Company Adds 37,000 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 third quarter ended September 30, 2016.

The following financial highlights are in thousands of dollars.

                     

Quarter EndedSeptember 30,

 

Nine Months EndedSeptember 30,

  2016 2015 2016 2015 Service Revenues $ 28,846 $ 25,048 $ 83,454... More