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 set of asset monitoring and control solutions, including 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, NJ, US
Websiteorbcomm.com
Employee Ratings3.7
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)739(-5%)
Job Openings3
Revenue (FY, 2020)$248.5 M(-8%)
Share Price (Jul 2021)$11.2

Key People/Management at ORBCOMM

Marc J. Eisenberg

Marc J. Eisenberg

Chairman & CEO
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
Aly Bonilla

Aly Bonilla

Vice President, Investor Relations
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ORBCOMM Office Locations

ORBCOMM has offices in Rochelle Park, Boca Raton, Salt Lake City, San Jose and in 12 other locations
Rochelle Park, NJ, US (HQ)
395 W Passaic St #325
Boca Raton, FL, US
2700 N Military Trl #410
Salt Lake City, UT, US
341 Main St #300
San Jose, CA, US
181 Metro Dr #540
Sterling, VA, US
22970 Indian Creek Dr #300
Utica, NY, US
125 Business Park Dr #100
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ORBCOMM Financials and Metrics

ORBCOMM Revenue

ORBCOMM's revenue was reported to be $248.47 m in FY, 2020
USD

Revenue (Q1, 2021)

63.7m

Net income (Q1, 2021)

(10.4m)

EBIT (Q1, 2021)

(8.7m)

Market capitalization (16-Jul-2021)

888.7m

Closing stock price (16-Jul-2021)

11.2

Cash (31-Mar-2021)

38.3m

EV

1.1b
ORBCOMM's current market capitalization is $888.7 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

254.2m276.1m272.0m248.5m

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, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

68.0m70.8m71.0m66.0m67.1m69.2m66.2m56.7m61.7m63.7m

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, 2019FY, 2020

Cash

34.8m53.8m54.3m40.4m

Accounts Receivable

46.9m57.7m60.6m51.2m

Prepaid Expenses

18.7m15.6m18.0m14.6m

Inventories

42.4m34.3m39.9m30.0m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(61.2m)(25.9m)(18.1m)(33.8m)

Depreciation and Amortization

45.7m49.7m50.7m50.7m

Inventories

(16.9m)8.3m(5.6m)10.0m

Accounts Payable

12.2m(14.9m)1.1m(8.3m)
Quarterly
USDFY, 2017

Revenue/Employee

335.4k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.4 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

120130130135135135

Patents Issued

8711086117100100

Resellers

400

Subscribers

2.1 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

Embed Graph

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

ORBCOMM Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

ORBCOMM Online and Social Media Presence

Embed Graph

ORBCOMM Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    F

    53/100

  • Compensation

    B

    73/100

  • Diversity

    C+

    69/100

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ORBCOMM News and Updates

ORBCOMM Partners With Calian to Develop Earth Station Equipment for Next-Gen OGx Service

Achieves milestone supporting the delivery of ORBCOMM’s higher data rate and power-efficient OGx offerings to the global IoT industry Achieves milestone supporting the delivery of ORBCOMM’s higher data rate and power-efficient OGx offerings to the global IoT industry

ORBCOMM Announces Expiration of Hart-Scott-Rodino Waiting Period

Acquisition by GI Partners On Track to Close in the Second Half of 2021 Acquisition by GI Partners On Track to Close in the Second Half of 2021

Unseenlabs Partners With ORBCOMM to Provide Maritime Surveillance Service for Government and Commercial AIS Customers

Enhances ORBCOMM’s AIS service with value-added RF data on “dark” vessels at sea to improve maritime safety and security worldwide Enhances ORBCOMM’s AIS service with value-added RF data on “dark” vessels at sea to improve maritime safety and security worldwide

Orbcomm gets no offers after contacting more than 50 potential buyers

Satellite operator Orbcomm said May 10 it did not get any alternative proposals in its 30-day “go-shop” period, which followed private equity firm GI Partners’ $1.1 billion acquisition offer.  SpaceNews

ORBCOMM Announces Expiration of “Go-Shop” Period

Acquisition by GI Partners On Track to Close in the Second Half of 2021 Acquisition by GI Partners On Track to Close in the Second Half of 2021

ORBCOMM Wins 2021 Ragan Communications Employee Engagement Award

Recognizes new employee intranet site with Honorable Mention for creating exceptional internal communications initiatives that keep employees engaged and informed Recognizes new employee intranet site with Honorable Mention for creating exceptional internal communications initiatives that keep emplo…
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ORBCOMM Blogs

Smart Trucks: How Tractor Trailer Pairing Improves Driver Retention

Driver recruiting and retention is one of the American Transportation Research Institute’s Top Research Priorities this year–and for good reason. The average cost of losing one trucker can range anywhere from $5,000 to $8,000. Putting this into perspective, the average three-month turnover rate–74% …

Smart Reefer Containers – Why Interoperability Matters

The ongoing disruptions snarling global maritime container trade and supply chains have driven home the acute need for better visibility into the location and status of container cargo and equipment moving through the system. Nowhere is this more important than in the refrigerated container trades c…

Know the Score: Consistent Wins for Ron Finemore Transport with ORBCOMM

You can’t win the game if you don’t know the score. That’s a motto that Ron Finemore Transport works by. ORBCOMM’s telematics solutions have been key to helping Ron Finemore Transport win the game through driver scorecards, vehicle utilization, maintenance… Read more › The post Know the Score: Cons…

Smart Grid Monitoring Systems: Connecting Utilities with Satellite IoT (FAQ)

Energy management is evolving with utility companies adopting a smart grid monitoring system powered by IoT and satellite connectivity as a way to meet new logistical demands effectively and reliably.  In March, ORBCOMM held “Connecting the Smart Grid with Satellite IoT”, a free webinar which covere…

Vessel Monitoring System Helps Tackle Fisheries Management in Thailand

Illegal, unreported and unregulated fishing has the potential to damage the marine environment and put fishermen’s lives at risk. We talk to ETNECA in Thailand to find out how ORBCOMM’s vessel monitoring system is being used to promote responsible and… Read more › The post Vessel Monitoring System …

Dark Vessel Detection Enhances AIS Data to Protect our Oceans and Improve Maritime Safety

“Dark” vessel activity is becoming an increasingly common practice, where vessels turn off their AIS transponders or cooperative beacons to engage in illegal activities and evade authorities. As such, dark vessel detection has become increasingly important to pinpoint vessels that… Read more › The …
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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 739 employees.

  • What is ORBCOMM revenue?

    Latest ORBCOMM annual revenue is $248.5 m.

  • What is ORBCOMM revenue per employee?

    Latest ORBCOMM revenue per employee is $336.2 k.

  • Who are ORBCOMM competitors?

    Competitors of ORBCOMM include Knight Sky, Real-Time Innovations 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, Boca Raton, Salt Lake City, San Jose and in 12 other locations.

  • How many offices does ORBCOMM have?

    ORBCOMM has 16 offices.