OverviewSuggest Edit

ORBCOMM is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and web reporting applications. The company offers a broad set of asset monitoring and control solutions, including seamless satellite and cellular connectivity, hardware, and applications backed by end-to-end customer support, from installation to deployment to customer care. Its customer base includes OEMs, solutions customers, and channel partners across the transportation, supply chain, warehousing and inventory, heavy equipment, maritime, natural resources, and government markets.

TypePublic
Founded1993
HQRochelle Park, US
Websiteorbcomm.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)786
Revenue (FY, 2019)$272 M(-1%)
Share Price (May 2020)$2.7 (-13%)

Key People/Management at ORBCOMM

Marc J. Eisenberg

Marc J. Eisenberg

CEO, Director
John J. Stolte

John J. Stolte

Executive Vice President, Technology and Operations
Constantine Milcos

Constantine Milcos

Executive Vice President and Chief Financial Officer
Christian G. Le Brun

Christian G. Le Brun

Executive Vice President and General Counsel
Craig E. Malone

Craig E. Malone

Executive Vice President, Product Development
Jerome B. Eisenberg

Jerome B. Eisenberg

Chairman
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ORBCOMM Office Locations

ORBCOMM has offices in Rochelle Park, Salt Lake City, San Jose, Sterling and in 10 other locations
Rochelle Park, US (HQ)
395 W Passaic St #325
Salt Lake City, US
341 Main St #300
San Jose, US
181 Metro Dr #540
Sterling, US
22970 Indian Creek Dr #300
Utica, US
125 Business Park Dr #100
Ottawa, CA
750 Palladium Dr, Suite 368
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ORBCOMM Financials and Metrics

ORBCOMM Revenue

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ORBCOMM's revenue was reported to be $272.01 m in FY, 2019 which is a 1.5% decrease from the previous period.
USD

Revenue (Q1, 2020)

66.2m

Gross profit (Q1, 2020)

35.8m

Gross profit margin (Q1, 2020), %

54.1%

Net income (Q1, 2020)

(6.8m)

EBIT (Q1, 2020)

(1.2m)

Market capitalization (29-May-2020)

215.5m

Closing stock price (29-May-2020)

2.7

Cash (31-Mar-2020)

70.1m

EV

407.3m
ORBCOMM's current market capitalization is $215.5 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

254.2m276.1m272.0m

Revenue growth, %

36%9%(1%)

Cost of goods sold

150.2m146.6m130.6m

Gross profit

104.0m129.5m141.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

68.0m70.8m71.0m66.0m67.1m69.2m66.2m

Cost of goods sold

39.1m37.6m37.4m32.1m33.1m32.2m30.4m

Gross profit

28.9m33.2m33.6m34.0m34.0m37.0m35.8m

Gross profit Margin, %

43%47%47%51%51%53%54%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

34.8m53.8m54.3m

Accounts Receivable

46.9m57.7m60.6m

Prepaid Expenses

18.7m15.6m18.0m

Inventories

42.4m34.3m39.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

28.2m39.0m45.9m58.1m54.8m50.9m70.1m

Accounts Receivable

48.5m53.7m58.6m60.2m59.7m61.6m58.5m

Prepaid Expenses

19.8m18.8m19.0m17.8m16.3m19.3m16.2m

Inventories

48.3m44.9m37.0m35.1m33.6m38.2m40.5m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(61.2m)(25.9m)(18.1m)

Depreciation and Amortization

45.7m49.7m50.7m

Inventories

(16.9m)8.3m(5.6m)

Accounts Payable

12.2m(14.9m)1.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(10.1m)(17.2m)(20.4m)(5.4m)(11.8m)(15.7m)(6.8m)

Depreciation and Amortization

12.2m24.1m36.1m12.7m25.2m38.0m13.4m

Inventories

(5.5m)(2.3m)5.6m(785.0k)672.0k(4.0m)(608.0k)

Accounts Payable

2.1m(13.4m)(11.5m)7.4m(2.4m)7.0m(3.2m)
USDY, 2020

EV/EBIT

-342.8 x

EV/CFO

49.6 x

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.5 x
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ORBCOMM Operating Metrics

ORBCOMM's Subscribers was reported to be 2.1 m in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019May, 2020

Countries

120 130 130 135 135 135

Patents Issued

87 110 86 117 100 100

Resellers

400

Subscribers

2.10 m
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ORBCOMM Acquisitions / Subsidiaries

Company NameDateDeal Size
Blue Tree Systems Inc.October 02, 2017
INTHINC LLCJune 12, 2017
skygisticsApril 12, 2016
WAM TechnologiesOctober 06, 2015
InSync Software, Inc.January 20, 2015
SkyWave Mobile LLCNovember 06, 2014$130 m
Ameriscan, Inc.
Blue Tree Systems GmbH
Blue Tree Systems Ltd.
Blue Tree Systems SARL
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ORBCOMM Revenue Breakdown

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ORBCOMM revenue breakdown by business segment: 41.0% from Product Sales and 59.0% from Service Revenues

ORBCOMM Online and Social Media Presence

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ORBCOMM News and Updates

ORBCOMM Announces Fourth Quarter and Full Year 2019 Results

– Q4 2019 Total Revenues of $69.7 Million, Up 5% Over Prior Year –

ORBCOMM Supports Industry Transition to Controlled Atmosphere Containers for Refrigerated Cargo Transport

Launches enhanced refrigerated container monitoring platform with advanced technology to enable remote command and control of new, energy-efficient containers Launches enhanced refrigerated container monitoring platform with advanced technology to enable remote command and control of new, energy-eff…

ORBCOMM Announces Third Quarter 2019 Results

- GAAP Product Gross Margin Increases 690 Basis Points Over Prior Year –

ORBCOMM to Host Third Quarter 2019 Results Conference Call

ROCHELLE PARK, N.J., Oct. 15, 2019 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its senior management team will host a conference call to review third quarter results on Wednesday, Octobe…

Pottle's Transportation Selects ORBCOMM for Fleet-Wide Trailer Monitoring Solution

Enables Pottle’s to increase asset utilization, improve turn times and provide the highest level of quality service and customer satisfaction Enables Pottle’s to increase asset utilization, improve turn times and provide the highest level of quality service and customer satisfaction

Cold Chain Tracking and Monitoring Market 2019: Global Analysis by Key Players – Sensitech, ORBCOMM, Testo, Rotronic

Wiseguyreports.Com Publish New Market Research Report On -“Cold Chain Tracking and Monitoring Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday
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ORBCOMM Blogs

What is AIS? The Role of Satellite AIS in Digitizing Maritime Supply Chains

As the Fourth Industrial Revolution ushers in a new wave of smart digital, automated and autonomous technologies, it’s worth a reminder that longer established systems are playing a vital role in our brave new data-driven world – and indeed continue… Read more › The post What is AIS? The Role of Sa…

Dual-Mode Satellite/Cellular IoT: The Next Generation – Live Webinar Coming May 5

Satellite/Cellular IoT: The Next Generation The All-New ST 9100 Dual-Mode Terminal for Industrial IoT Free Live Webinar: Tuesday, May 5, 2020, 1pm EDT (5pm UTC) With COVID-19 changing the world as we know it, our first wish is that this email… Read more › The post Dual-Mode Satellite/Cellular IoT: …

Surviving Supply Chain Shock: The Value of Visibility

The COVID-19 crisis has hit world maritime trade and supply chain operations with unprecedented scale and speed. Now more than ever, visibility is crucial to keep shipping, ports and cross-border trade flowing as efficiently as possible and equally to help… Read more › The post Surviving Supply Cha…

Latest COVID-19 News for Fleets and Drivers

As we face into another week of a disrupted COVID-19 world, we wanted to provide the latest news to help keep you up to date during these times. Here are the latest industry updates: FMCSA Extension Until May 15 The… Read more › The post Latest COVID-19 News for Fleets and Drivers appeared first on…

ORBCOMM ANNOUNCES CHANGE TO VIRTUAL ONLY MEETING FOR 2020 ANNUAL MEETING OF SHAREHOLDERS

ORBCOMM ANNOUNCES CHANGE TO VIRTUAL ONLY MEETING FOR 2020 ANNUAL MEETING OF SHAREHOLDERS Content Import Tue, 04/07/2020 - 16:00 ORBCOMM ANNOUNCES CHANGE TO VIRTUAL ONLY MEETING FOR 2020 ANNUAL MEETING OF SHAREHOLDERS 04/07/20 This release is a backfill from a …

Helping Drivers to Stay Safe During Covid-19 – Visor Card

As we are all aware, the world is changing rapidly, and we are going through an unprecedented time of uncertainty caused by the COVID-19 outbreak. At times like this, it becomes even more apparent how the nation’s truckers support us… Read more › The post Helping Drivers to Stay Safe During Covid-1…
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ORBCOMM Frequently Asked Questions

  • When was ORBCOMM founded?

    ORBCOMM was founded in 1993.

  • Who are ORBCOMM key executives?

    ORBCOMM's key executives are Marc J. Eisenberg, John J. Stolte and Constantine Milcos.

  • How many employees does ORBCOMM have?

    ORBCOMM has 786 employees.

  • What is ORBCOMM revenue?

    Latest ORBCOMM annual revenue is $272 m.

  • What is ORBCOMM revenue per employee?

    Latest ORBCOMM revenue per employee is $346.1 k.

  • Who are ORBCOMM competitors?

    Competitors of ORBCOMM include Iridium Communications, Globalstar and CalAmp.

  • Where is ORBCOMM headquarters?

    ORBCOMM headquarters is located at 395 W Passaic St #325, Rochelle Park.

  • Where are ORBCOMM offices?

    ORBCOMM has offices in Rochelle Park, Salt Lake City, San Jose, Sterling and in 10 other locations.

  • How many offices does ORBCOMM have?

    ORBCOMM has 14 offices.