ORBCOMM Inc. (Nasdaq:ORBC) is a leading global provider of Machine-to-Machine (M2M) communication solutions and the only commercial satellite network dedicated to M2M. ORBCOMM's unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry's most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government. With nearly 20 years of innovation and expertise in M2M, ORBCOMM has more than 1.3 million subscribers with a diverse customer base including premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo Construction Equipment, as well as end-to-end solutions customers such as C&S Wholesale, Canadian National Railways, CR England, Hub Group, KLLM Transport Services, Marten Transport, Swift Transportation, Target, Tropicana, Tyson Foods, Walmart and Werner Enterprises.
Company Growth (employees)
Type
Public
HQ
Rochelle Park, US
Size (employees)
542 (est)+18%
ORBCOMM is headquartered in Rochelle Park, US

ORBCOMM Office Locations

ORBCOMM has offices in Rochelle Park, Sterling, Utica, Ottawa and in 5 other locations
Rochelle Park, US (HQ)
395 W Passaic St, Suite 325
Hong Kong, HK
30 Corporation Park 11 On Lai St
Centurion, ZA
102 Witch Hazel Ave
Seoul, KR
12th Fl. Noveltech Bldg 115 Bongeunsa Ro
Hyderabad, IN
Gachibowli Rd
Bonn, DE
23 Joseph Schumpeter Allee

ORBCOMM Data and Metrics

ORBCOMM Financial Metrics

ORBCOMM's revenue was reported to be $51.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

51.9 m

Gross profit (Q1, 2017)

42.4 m

Gross profit margin (Q1, 2017), %

82%

Net income (Q1, 2017)

(3.3 m)

EBIT (Q1, 2017)

(375 k)

Market capitalization (25-Jul-2017)

834.2 m

Cash (31-Mar-2017)

20 m
ORBCOMM's current market capitalization is $834.2 m.
USDFY, 2013FY, 2014Y, 2015FY, 2016

Revenue

74.2 m96.2 m178.3 m186.7 m

Revenue growth, %

30%85%5%

Cost of goods sold

20.3 m34.1 m37.9 m

Gross profit

50.3 m75.9 m144.2 m148.8 m

Gross profit Margin, %

68%79%81%80%

R&D expense

6.3 m

General and administrative expense

46.9 m

Operating expense total

44.6 m53.2 m

EBIT

5.7 m(1.6 m)(7.2 m)(14.5 m)

EBIT margin, %

8%(2%)(4%)(8%)

Interest expense

58 k149 k5.2 m9.1 m

Interest income

38 k47 k344 k378 k

Pre tax profit

6.1 m(4.1 m)(11.8 m)(22.7 m)

Income tax expense

1.3 m408 k1.2 m517 k

Net Income

4.8 m(4.5 m)(13 m)(23.2 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

24.3 m23.1 m42.3 m44.9 m46.1 m43.6 m50.1 m46.3 m51.9 m

Cost of goods sold

4.6 m5.3 m7.7 m8.3 m8.8 m9.2 m9.4 m9.8 m9.6 m

Gross profit

19.7 m17.8 m34.6 m36.6 m37.3 m34.4 m40.7 m36.5 m42.4 m

Gross profit Margin, %

81%77%82%81%81%79%81%79%82%

R&D expense

641 k788 k1.6 m1.8 m1.2 m2 m2 m1.2 m1.6 m

General and administrative expense

8.3 m8.7 m11.4 m11 m10.7 m11.8 m11.1 m12 m12.2 m

Operating expense total

9 m9.5 m13 m12.8 m11.9 m13.7 m13 m13.2 m13.8 m

EBIT

1.8 m75 k(1.3 m)(11.6 m)3.2 m(114 k)(1.6 m)(12.1 m)(375 k)

EBIT margin, %

7%0%(3%)(26%)7%(0%)(3%)(26%)(1%)

Interest expense

(2 k)(1.2 m)(1.3 m)(1.3 m)(1.7 m)(2.4 m)(2.5 m)(2.4 m)

Interest income

16 k14 k71 k85 k90 k88 k95 k100 k118 k

Pre tax profit

1.9 m149 k(2.3 m)(12.6 m)1.9 m(1.9 m)(3.9 m)(14 m)(2.7 m)

Income tax expense

427 k145 k477 k(386 k)221 k162 k216 k(9 k)623 k

Net Income

1.4 m4 k(2.7 m)(12.2 m)1.6 m(2.1 m)(4.1 m)(14 m)(3.3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

68.4 m91.6 m27.1 m25 m

Inventories

5.2 m11.7 m20.7 m23.2 m

Current Assets

90 m252.6 m84.8 m88.2 m

Goodwill

20.3 m39.9 m112.4 m114 m

Total Assets

261.5 m506.5 m526.9 m506.2 m

Accounts Payable

2.6 m8.8 m13.9 m12.5 m

Total Debt

300 m300 m

Current Liabilities

15.5 m32.6 m45.7 m50.3 m

Total Liabilities

224.3 m

Additional Paid-in Capital

255.4 m376.3 m381.7 m386.9 m

Retained Earnings

(63.4 m)(68.1 m)(81.4 m)(104.9 m)

Total Equity

192.9 m308.5 m299.8 m281.9 m

Debt to Equity Ratio

1 x1 x

Debt to Assets Ratio

0.6 x0.6 x

Financial Leverage

1.4 x1.6 x1.8 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

48.7 m40.6 m80.7 m64.7 m58.5 m21.2 m15.5 m21.3 m20 m

Inventories

7.6 m12 m15.8 m17.3 m17.1 m21.7 m20.4 m21.7 m23.4 m

Current Assets

78.6 m73.6 m132.3 m120.6 m118.2 m81.4 m82.1 m82.3 m88.2 m

Goodwill

40.1 m39.9 m102.7 m102.1 m101.9 m112.4 m114 m114 m114 m

Total Assets

320.4 m326.5 m529.7 m515.6 m515.5 m526.3 m524.3 m507.9 m506.8 m

Accounts Payable

7.4 m7.2 m8.7 m9.6 m9 m9.9 m14.4 m10.7 m12.5 m

Current Liabilities

23.6 m29.4 m39.6 m39.7 m36.5 m46.8 m48.4 m45.6 m52.5 m

Additional Paid-in Capital

296.3 m297.2 m378 m379 m380.1 m382.9 m384.4 m385.4 m388.4 m

Retained Earnings

(62.5 m)(62.5 m)(71 m)(83.2 m)(81.7 m)(83.5 m)(87.7 m)(101.7 m)(108.3 m)

Total Equity

234.8 m235.3 m307 m295.7 m298.7 m299.4 m297 m284.2 m280.3 m

Financial Leverage

1.4 x1.4 x1.7 x1.7 x1.7 x1.8 x1.8 x1.8 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.8 m(4.5 m)(13 m)(23.2 m)

Depreciation and Amortization

10.9 m26.6 m42.8 m

Accounts Receivable

8 m(1.7 m)

Inventories

(8 m)(2 m)

Cash From Operating Activities

33.6 m23.2 m26.1 m28.9 m

Capital Expenditures

(70 m)(28.4 m)

Cash From Investing Activities

(88.6 m)(31.1 m)

Cash From Financing Activities

(1.8 m)3 k

Interest Paid

9 m8.8 m

Income Taxes Paid

723 k(94 k)

Free Cash Flow

96.1 m502 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.4 m4 k(2.7 m)(12.2 m)1.6 m(2.1 m)(4.1 m)(14 m)(3.3 m)

Depreciation and Amortization

2.2 m2.5 m6.5 m6.6 m6.3 m9 m11.6 m11.2 m11 m

Inventories

7.6 m12 m15.8 m17.3 m17.1 m21.7 m20.4 m21.7 m23.4 m

Accounts Payable

7.4 m7.2 m8.7 m9.6 m9 m9.9 m14.4 m10.7 m12.5 m
USDY, 2017

Revenue/Employee

95.8 k

Financial Leverage

1.8 x

ORBCOMM Market Value History

ORBCOMM Online and Social Media Presence

ORBCOMM Company Life and Culture

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