ORBCOMM (ORBC) Reports In-Line Q4 EPS

ORBCOMM Announces Fourth Quarter and Full Year 2016 Results

February 28, 2017 7:00 AM EST

2016 Service Revenues Reach Record of $112.9 Million, Up 13% Compared to Last Year

2016 Total Revenues of $186.7 Million up 5% from $178.3 Million Last Year

2016 Adjusted EBITDA Increased 12% to $47.3 Million

J.B. Hunt to Equip 90,000-Unit Fleet with End-to-End Tracking Solution

ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2016.

The following financial highlights are in thousands of dollars.

       

Three months endedDecember 31,

Twelve months endedDecember 31,

2016     2015 2016     2015 Service Revenues $ 29,427 $ 27,140 $ 112,881 $ 99,973... More