ORBCOMM Announces First Quarter 2020 Results
ORBCOMM Inc. (ORBC)
Last orbcomm inc. earnings: 4/30 07:00 am
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US:NASDAQ Investor Relations:
investors.orbcomm.com/investor-overview
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Source: GlobeNewswire
- Total Revenues of $66.2 Million, In Line with Guidance -- Service and Product Gross Margins Increase Over Last Year -- Cash Flow from Operations of $8.2 Million - ROCHELLE PARK, N.J., April 30, 2020 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2020. The following financial highlights are in thousands of dollars and unaudited. Three Months Ended March 31, 2020 2019Recurring Service Revenues$39,853 $37,529 Other Service Revenues 671 1,478 Total Service Revenues 40,524 39,007 Product Sales 25,655 27,028 Total Revenues 66,179 66,035 Net Loss Attributable to ORBCOMM Inc. Common Stockholders (6,975) (5,490)
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