Last $6.22 USD
Change Today +0.01 / 0.16%
Volume 252.6K
ORBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

orbcomm inc (ORBC) Snapshot

Open
$6.23
Previous Close
$6.21
Day High
$6.38
Day Low
$6.19
52 Week High
01/28/14 - $8.21
52 Week Low
09/23/13 - $4.98
Market Cap
343.7M
Average Volume 10 Days
140.6K
EPS TTM
$0.08
Shares Outstanding
55.3M
EX-Date
--
P/E TM
82.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for ORBCOMM INC (ORBC)

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orbcomm inc (ORBC) Details

ORBCOMM Inc., a wireless data communications company, provides machine-to-machine communication solutions primarily in the United States, Japan, and the Middle East. It offers solutions, including network connectivity, devices, and Web reporting applications that enable businesses and government agencies to track, monitor, and control and communicate with fixed mobile assets. The company operates a two-way wireless data messaging system for narrowband data communication, as well as provides technology to monitor, manage, and remotely control refrigerated transportation and other mobile assets. It also provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers. It offers these services using various network platforms, including its own constellation of 25 low-Earth orbit satellites, two AIS microsatellites, and accompanying ground infrastructure. In addition, the company provides complementary satellite services through reseller agreements with mobile satellite providers, as well as offers terrestrial-based cellular communication services. ORBCOMM Inc. markets and sells its products and services directly to original equipment manufacturers, government customers, and end-users, as well as indirectly through value-added resellers, international value-added resellers, international licensees, and country representatives. It has a strategic alliance with Inmarsat plc. The company was founded in 2001 and is headquartered in Rochelle Park, New Jersey.

186 Employees
Last Reported Date: 03/17/14
Founded in 2001

orbcomm inc (ORBC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $467.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $322.8K
Executive Vice President of Technology & Oper...
Total Annual Compensation: $245.7K
Executive Vice President, General Counsel and...
Total Annual Compensation: $224.4K
Executive Vice President of Sales and Marketi...
Total Annual Compensation: $245.0K
Compensation as of Fiscal Year 2013.

orbcomm inc (ORBC) Key Developments

ORBCOMM, Inc. Launches Commercial Service for First Six OG2 Satellites

ORBCOMM, Inc. announced that it has launched commercial service for its first six next generation OG2 satellites. ORBCOMM's advanced OG2 satellites are providing both M2M messaging and Automatic Identification System (AIS) service for its global customers. ORBCOMM successfully launched the first six OG2 satellites on July 14, 2014, aboard a dedicated SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, FL. After comprehensive in-orbit testing, the six satellites have been properly spaced within their orbital planes and are now processing over 20% of the network's M2M traffic. With the addition of the OG2 satellites, ORBCOMM is now collecting over 13 million AIS messages from more than 130,000 unique vessels per day, surpassing all other AIS networks in service quality. ORBCOMM has completed the satellite thrust maneuvers to equally position five of the OG2 satellites within their plane (now referred to as Plane K) to provide optimum coverage and fill the gap in the existing OG1 constellation. The sixth satellite will be placed in a lower elliptical orbit, which will enable the satellite to drift to a new orbit plane that will be 90 degrees from Plane K and will be the first member of Plane L. The OG2 satellites are fully backwards compatible with ORBCOMM's existing OG1 network. ORBCOMM's customers do not need to change or upgrade their fielded devices and are now seamlessly using the six OG2 satellites to send and receive messages for their applications with their existing platforms.

ORBCOMM, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Depreciation and Amortization Guidance for the Third Quarter and Fourth Quarter of 2014

ORBCOMM, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues were $24,298,000 compared to $18,559,000 during the same period of 2013. Income from operations was $1,794,000 compared to $1,603,000 in the same period last year. Income before income taxes was $1,871,000 compared to $1,962,000 in the same period last year. Net income attributable to company common stockholders was $1,394,000 compared to $1,671,000 for the similar three-month period in 2013. Diluted earnings per share were $0.02 compared to $0.03 for the second quarter of 2013. EBITDA was $4,004,000 compared to $3,253,000 in the second quarter of 2013. Adjusted EBITDA for the second quarter of 2014 was $5,121,000 compared to $4,135,000 in the second quarter of 2013. For the six months, the company reported total revenues were $43,648,000 compared to $35,279,000 during the same period of 2013. Income from operations was $1,579,000 compared to $2,958,000 in the same period last year. Income before income taxes was $1,640,000 compared to $3,277,000 in the same period last year. Net income attributable to company common stockholders was $953,000 compared to $2,763,000 for same period in 2013. Diluted earnings per share were $0.02 compared to $0.06 for the same period of 2012. EBITDA was $5,545,000 compared to $5,793,000 in the same period last year. Adjusted EBITDA was $8,754,000 compared to $7,767,000 in the same period last year. Net cash provided by operating activities was $1,378,000 against $2,155,000 a year ago. Capital expenditures were $29,539,000 against $21,623,000 a year ago. Overall depreciation and amortization in third quarter should be around $2.6 million and about $4 million in the immediate quarters thereafter, until to launch the remaining satellites. Depreciation and amortization increased by over $800,000 in second quarter to $2.2 million and the company expects this number to be driven higher by approximately $1.8 million in fourth quarter, mostly from six OG2 satellites expected to be out into service sometime in third quarter.

Decker Truckline Selects ORBCOMM for Refrigerated Telematics Solution

ORBCOMM Inc. announced that it has been selected by Decker Truckline, Inc. (Decker) to provide an tracking and monitoring solution for its fleet of 800 refrigerated trailers. Founded in 1931, Decker is a diversified carrier, transporting flatbed, refrigerated and dry van freight throughout North America. Decker will use ORBCOMM's RT6000+, a powerful two-way cold chain telematics device that provides comprehensive temperature, fuel management, maintenance, and logistical applications services for its refrigerated fleet. ORBCOMM also will provide a robust web application with data reporting and analytics capabilities to increase in-transit visibility and efficiency of Decker's refrigerated transport operations. Leveraging ORBCOMM's proven solution, Decker will fully integrate the trailer data with its back-office platform to gain significant fuel savings, optimize temperature compliance, prevent unauthorized usage, and reduce maintenance costs.

 

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Industry Analysis

ORBC

Industry Average

Valuation ORBC Industry Range
Price/Earnings 100.0x
Price/Sales 4.2x
Price/Book 1.5x
Price/Cash Flow 83.1x
TEV/Sales 3.0x
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