ORBCOMM Inc. provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers network connectivity, devices, device management, and web reporting applications that are designed to track, monitor, control, and enhance security for various assets, such as trailers, trucks, rail cars, sea containers, power generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters in transportation and supply chain, heavy equipment, fixed asset monitoring, and maritime industries, as well as for governments. It also provides satellite automatic identification service data services to assist in vessel navigation and to enhance maritime safety for government and commercial customers; and vehicle fleet management, as well as in-cab and fleet vehicle solutions using various network platforms, including its own constellation of low-earth orbit satellites and accompanying ground infrastructure, as well as terrestrial-based cellular communication services through reseller agreements with various cellular wireless providers. In addition, the company offers customer solutions utilizing additional satellite network service options through service agreements with third party mobile satellite providers; and resells service using the two-way Inmarsat plc satellite network to provide higher bandwidth. It markets and sells its products and services directly to original equipment manufacturers, government customers, and end-users, as well as indirectly through market channel partners and affiliates. ORBCOMM Inc. was founded in 1993 and is headquartered in Rochelle Park, New Jersey.
IPO Year: 2006
Exchange: NASDAQ
Website: orbcomm.com
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
4 - ORBCOMM Inc. (0001361983) (Issuer)
– Total Revenues of $65.9 Million, Up 16% from Prior Year Period –– 90,000 Devices Shipped Drives Product Sales Growth –– Product Sales of $28.4 Million, Up 55% from Prior Year Period – ROCHELLE PARK, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2021. The following financial highlights are in thousands of dollars and unaudited. Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Recurring Service Revenues$36,355 $37,006 $72,596 $76,859 Other Service Revenues 1,187 1,423 2,696 2,094 Total Service
SC 13G/A - ORBCOMM Inc. (0001361983) (Subject)
SC 13G/A - ORBCOMM Inc. (0001361983) (Subject)
SC 13G/A - ORBCOMM Inc. (0001361983) (Subject)
SC 13G/A - ORBCOMM Inc. (0001361983) (Subject)
Northland Capital Markets downgraded ORBCOMM from Outperform to Market Perform and set a new price target of $11.50
Canaccord Genuity downgraded ORBCOMM from Buy to Hold and set a new price target of $11.50
Canaccord Genuity downgraded Orbcomm from Buy to Hold and set a new price target of $11.50 from $13.00 previously
ROTH Capital downgraded Orbcomm from Buy to Neutral and set a new price target of $11.50 from $9.25 previously
Raymond James reiterated coverage of ORBCOMM with a rating of Strong-Buy and set a new price target of $10.00 from $8.00 previously
Roth Capital reiterated coverage of ORBCOMM with a rating of Buy and set a new price target of $9.25 from $7.50 previously
Roth Capital reiterated coverage of ORBCOMM with a rating of Buy and set a new price target of $9.25 from $7.50 previously
Raymond James resumed coverage of ORBCOMM with a rating of Strong-Buy
Raymond James reiterated coverage of ORBCOMM with a rating of Strong Buy and set a new price target of $10.00 from $8.00 previously
Raymond James reiterated coverage of ORBCOMM with a rating of Market Outperform and set a new price target of $10.00 from $8.00 previously
ROCHELLE PARK, N.J., Sept. 08, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by TLD Logistics Services Inc. (TLD), an independent subsidiary of Toyota Tsusho, to upgrade its fleet of trucks and refrigerated trailers with ORBCOMM's advanced in-cab and cold chain telematics solutions. ORBCOMM's comprehensive solutions provide wireless connectivity through its industry-leading hardware and a single, unified Cloud-based analytics platform for optimal fleet management across multiple asset classes. A leading truckload carrier based in Knoxville, TN, TLD is using ORBCOMM's in-cab solution t
ROCHELLE PARK, N.J., Sept. 01, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, today announced the completion of its acquisition by GI Partners, a leading US-based private investment management firm, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the terms of the transaction, which was announced on April 8, 2021, ORBCOMM stockholders will receive $11.50 in cash per outstanding share of common stock, representing a premium of approximately 52% to ORBCOMM's closing share price on April 7th and a 50% premium over the 90-day volume-weighted average share price through that date. The tran
ROCHELLE PARK, N.J., Aug. 26, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has achieved 5G for Enterprise Branch Specialization from Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network edge solutions. The 5G for Enterprise Branch Specialization identifies and recognizes partner organizations that are leaders in positioning and selling Cradlepoint's 5G for business solutions by meeting a series of sales, technical and business proficiency criteria. By receiving the specialization, ORBCOMM will support Cradlepoint's efforts of selling the industry's most comprehensive portfol
ROCHELLE PARK, N.J., Aug. 24, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by WEL Companies (WEL), a leading transportation, logistics and refrigerated warehousing company, to provide its integrated dry and refrigerated trailer tracking and monitoring solutions, driving efficiencies across their supply chain operations. ORBCOMM's comprehensive solutions provide wireless connectivity through its industry-leading hardware and a single, unified Cloud-based analytics platform for optimal fleet management across multiple asset classes. Based in DePere, WI, WEL is using ORBCOMM's refrigera
ROCHELLE PARK, N.J., Aug. 18, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that the Federal Communications Commission (FCC) has approved the transfer of control of ORBCOMM's FCC authorizations in connection with the previously announced acquisition of ORBCOMM by GI Partners, a leading US-based investor in data infrastructure businesses. The FCC's approval satisfies one of the conditions to the closing of the proposed acquisition, which remains subject to other customary closing conditions. Subject to satisfaction of those conditions, the transaction is expected to be completed by early September of 2021.
ROCHELLE PARK, N.J., Aug. 18, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that its heavy equipment monitoring solution has received the required certifications to operate in China. ACloud, a leading provider of SIM connectivity services, IoT PaaS solutions and related professional services based in Shanghai, China, served as ORBCOMM's local agent to facilitate the extensive certification process. By ensuring its robust solution is compliant with Chinese regulations, ORBCOMM is now able to distribute its PT 7000 heavy equipment telematics device and FleetEdge software platform to customers in China looking to
– Total Revenues of $65.9 Million, Up 16% from Prior Year Period –– 90,000 Devices Shipped Drives Product Sales Growth –– Product Sales of $28.4 Million, Up 55% from Prior Year Period – ROCHELLE PARK, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2021. The following financial highlights are in thousands of dollars and unaudited. Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Recurring Service Revenues$36,355 $37,006 $72,596 $76,859 Other Service Revenues 1,187 1,423 2,696 2,094 Total Service
ROCHELLE PARK, N.J., July 20, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has launched a wireless Tractor ID sensor, which enables trailer pairing confirmation for improved driver and operational efficiency. This latest innovation in ORBCOMM's smart truck solution is focused on bringing total tractor to trailer intelligence for enhanced visibility, efficiency, safety and experience to fleets, drivers and their customers. The ORBCOMM Tractor ID sensor's advanced Bluetooth and radar filtering technology ensures the tractor will connect to the desired trailer, while filtering out nearby trailers that co
ROCHELLE PARK, N.J., July 14, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that Prime Inc. (Prime), the largest refrigerated fleet in North America, has begun the retrofit of their refrigerated trailers with ORBCOMM's next generation refrigerated monitoring solution in preparation for the sunsetting of 3G wireless service, which will commence at the end of 2021. An ORBCOMM customer for more than 10 years, Prime is utilizing ORBCOMM's latest refrigerated monitoring solution to track the freight's location and temperature, providing peace of mind that their loads are compliant with FSMA regulations and meetin
ROCHELLE PARK, N.J., June 29, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has signed a contract with Calian Group Ltd. (TSX:CGY), a leading provider of engineering services, software development, training and technical services, to develop earth station equipment for ORBCOMM's next-generation, global IoT satellite service, OGx. ORBCOMM is collaborating with Inmarsat, the world leader in global mobile satellite communications, to develop OGx products and services to operate on Inmarsat's L-band satellite constellation, offering the best-in-class combination of high bandwidth data packets with low-cost
EFFECT - ORBCOMM Inc. (0001361983) (Filer)
15-12B - ORBCOMM Inc. (0001361983) (Filer)
S-8 POS - ORBCOMM Inc. (0001361983) (Filer)
S-8 POS - ORBCOMM Inc. (0001361983) (Filer)
S-8 POS - ORBCOMM Inc. (0001361983) (Filer)
S-8 POS - ORBCOMM Inc. (0001361983) (Filer)
POS AM - ORBCOMM Inc. (0001361983) (Filer)
25-NSE - ORBCOMM Inc. (0001361983) (Subject)
8-K - ORBCOMM Inc. (0001361983) (Filer)
10-Q - ORBCOMM Inc. (0001361983) (Filer)