ORBCOMM (ORBC) Reports In-Line Q4 EPS

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ORBCOMM Announces Fourth Quarter and Full Year 2017 Results

March 1, 2018 7:00 AM EST

Q4 2017 Total Revenues of $76.0 Million; $254.2 Million Full Year, Up 36%

Q4 2017 Service Revenues of $39.3 Million; $134.9 Million Full Year, Up 20%

Q4 2017 Subscriber Communicator Net Adds of 127,000; Full Year of 300,000 Net Adds, Up 18%

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, 2017.

The following financial highlights are in thousands of dollars.

  Three Months Ended December 31,  

Twelve Months Ended

December 31,

 

2017

 

2016

2017

 

2016

Service Revenues $ 39,309 $ 29,427 $ 134,938 $... More