ORBCOMM (ORBC) Misses Q1 EPS by 1c

ORBCOMM Announces First Quarter 2017 Results

May 4, 2017 7:08 AM EDT

Total Revenues Reach Record of $51.9 Million, Up 19% Compared to Last Year

Adjusted EBITDA of $12.4 Million Increased 16% Year Over Year

Strong Momentum in Q1 as the Company Adds Over 42,000 Net Subscriber Communicators

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 first quarter ended March 31, 2017.

The following financial highlights are in thousands of dollars.

      Three Months Ended March 31, 2017     2016 Service Revenues $ 29,512 $ 26,914 Product Sales $ 22,409 $ 16,646 Total Revenues $ 51,921... More