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, NJ, US
Websiteorbcomm.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2019)786
Job Openings4
Revenue (FY, 2020)$248.5 M(-8%)
Share Price (May 2021)$11.4
Cybersecurity ratingCMore

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 (7-May-2021)

907.0m

Closing stock price (7-May-2021)

11.4

Cash (31-Mar-2021)

38.3m

EV

1.1b
ORBCOMM's current market capitalization is $907 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

SecurityScorecard logo

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 News and Updates

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…

ORBCOMM Announces First Quarter 2021 Results

– Total Revenues of $63.7 Million, In Line with Guidance –– 87,000 Devices Shipped Drives Product Sales Growth –– Company Adds 50,000 Net Subscribers in Q1 Bringing Total Subscribers to 2.28 Million –

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ORBCOMM, Inc. - ORBC

NEW YORK, April 17, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City,...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of ORBCOMM Inc. Buyout

WILMINGTON, Del., April 08, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating ORBCOMM Inc. (“ORBCOMM”) (NASDAQ GS: ORBC) regarding possible breaches of fiduciary duties and other violations of law related to ORBCOMM’s agreement to be acquired by GI Partners. Under the…

Thinking about buying stock in Castor Maritime, Sundial Growers, Orbcomm, Naked Brand, or Dogness Corp?

NEW YORK, April 8, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CTRM, SNDL, ORBC, NAKD, and DOGZ. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Private equity firm GI Partners plans to buy Orbcomm in $1.1 billion deal

Private equity firm GI Partners plans to buy satellite operator Orbcomm, which specializes in connecting industrial monitoring devices, for about $1.1 billion including net debt. SpaceNews
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ORBCOMM Blogs

Important Canadian ELD Update: One-year Progressive Enforcement Plan Approved

On May 5, the Canadian Council of Motor Transport Administrators (CCMTA) announced that all Canadian provinces and territories have reached an agreement on a progressive enforcement plan for the Canadian ELD mandate. The plan stipulates that the provinces and territories will not impose penalties fo…

Canadian ELD Update: What You Need to Know as the Deadline Looms

Free Live Webinar Hosted by Today’s TruckingCanadian ELD Update: What You Need to Know as the Deadline LoomsWednesday, April 21, 2021, 1:00 PM EDT The landscape around the Canadian ELD mandate is changing quickly. Even if you’ve attended a previous… Read more › The post Canadian ELD Update: What Yo…

Breaking Canadian ELD News: Update on Progressive Enforcement

Today, we’re bringing you an important update on the Canadian ELD mandate.  As part of the communication between ORBCOMM and Transport Canada, we received confirmation that Transport Canada is further refining the Progressive Enforcement policy that was announced by the Minister of Transportation on…

Suez Canal Incident Illuminates Critical Role of AIS Data in Making Informed Supply Chain Decisions

In recent days you have probably seen a lot of coverage on the Evergreen marine container vessel, Ever Given, getting stuck in the Suez Canal and holding up global trade as a result. One of the critical maritime shipping choke… Read more › The post Suez Canal Incident Illuminates Critical Role of A…

Australian Fleet Telematics News: Booth Transport Looks to ORBCOMM to Enhance Fleet Visibility and Performance

This enables Booth Transport to monitor the temperature of dairy products in its ISO tanks and track its road tankers distributing wine and chassis transporting containers throughout Australia. With live and scheduled status updates, Booth can see whether their assets are… Read more › The post Aust…

5 Ways Cameras and Telematics Together can Enrich Your Fleet: Guide

It’s safe to say that updates in technology are changing the face of fleets. Thanks to telematics, fleet management has evolved quickly and efficiently. Software integrations create a secure connection to pair up fleet management tools for routing or transport management. The same can be said of 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 786 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 $316.1 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.