ORBCOMM (ORBC) Misses Q4 EPS by 5c, Revenues Miss

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Go back to ORBCOMM (ORBC) Misses Q4 EPS by 5c, Revenues Miss

ORBCOMM Announces Fourth Quarter and Full Year 2018 Results

February 27, 2019 4:00 PM EST

Q4 2018 Total Revenues of $66.3 Million; $276 Million Full Year, Up 8.6%  Q4 2018 Recurring Service Revenues of $37.4 Million; $148 Million Full Year, Up 17.2%  2018 Year-Over-Year Improvement in Net Loss of 57% and Adjusted EBITDA Growth of 27%  Added 348,000 Net Subscribers in 2018, Up 17.2% Over 2017  Company Provides 2019 Outlook

ROCHELLE PARK, N.J., Feb. 27, 2019 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the fourth quarter and full year ended December 31, 2018.

The following financial highlights are in... More