Orbcomm inc. (ORBC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Revenues

66,090

68,702

67,707

65,016

64,829

65,650

69,609

69,644

65,704

-

66,939

56,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

66,179

69,682

69,193

67,103

66,035

66,337

71,042

70,788

67,973

75,976

69,366

56,957

51,921

46,832

46,288

50,064

43,560

44,996

46,084

44,883

42,330

29,468

23,126

24,298

19,350

19,240

19,693

18,559

16,720

16,206

16,094

16,319

15,879

13,674

13,940

10,809

7,883

13,912

7,837

Cost of revenues, exclusive of depreciation and amortization shown below:
Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,775

20,678

-

12,311

13,121

10,253

10,265

10,486

10,039

9,880

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Selling, general and administrative

19,730

16,748

18,211

17,452

17,179

15,636

14,823

19,029

17,500

16,424

13,755

13,333

12,241

12,072

12,031

11,056

11,756

11,261

10,668

11,025

11,441

7,149

8,720

8,314

6,806

5,889

6,213

6,372

6,077

4,407

5,390

5,599

5,341

5,820

5,146

4,649

4,421

3,986

4,020

Product development

3,820

3,335

3,686

3,732

3,967

3,734

3,816

3,042

2,813

2,977

2,453

1,923

1,588

1,126

1,217

1,952

1,957

1,841

1,202

1,818

1,608

787

788

641

679

789

706

478

786

645

630

622

559

421

361

281

174

163

159

Impairment charges - satellite network

-

-

-

-

-

-

-

-

-

-

31,224

-

-

-

10,680

-

-

-

-

12,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,509

-

Depreciation and amortization

13,364

12,704

12,794

12,526

12,678

13,538

12,081

11,842

12,223

11,218

12,041

11,400

11,022

11,135

11,158

11,551

8,959

7,145

6,331

6,640

6,455

4,386

2,481

2,190

1,799

1,787

1,586

1,370

1,258

-

-

-

-

-

-

-

-

-

-

Acquisition-related and integration costs

91

95

4

474

215

129

395

494

606

1,025

800

1,262

228

451

246

569

364

742

500

1,110

2,451

2,206

247

182

1,184

267

771

216

404

4

67

210

423

182

391

778

257

-

-

Total costs and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,530

13,949

14,132

12,827

13,040

10,849

8,605

14,340

7,588

Loss from operations

-1,188

3,557

2,290

-196

-79

739

2,484

-1,184

-4,228

-4,386

-34,221

-1,900

-375

-704

-12,053

-1,615

-114

2,435

3,193

-11,566

-1,277

-3,260

75

1,794

-215

1,533

1,210

1,603

1,355

2,417

2,564

2,370

1,747

847

900

-40

-722

-428

249

Other income (expense):
Interest income

416

549

444

572

392

342

648

453

475

437

266

138

118

95

100

95

88

98

90

85

71

15

14

16

2

4

5

12

17

19

24

23

27

18

31

44

54

68

55

Other income (expense)

-266

-259

188

-300

242

-63

120

155

-167

50

-32

-183

5

149

426

99

-190

32

-85

204

188

133

62

61

-16

-9

41

352

-11

28

16

5

47

23

-14

-307

101

105

-39

Interest expense

5,246

5,299

5,287

5,322

5,241

5,322

5,232

5,301

5,200

5,187

5,197

4,843

2,426

2,470

2,471

2,445

1,699

1,336

1,332

1,332

1,242

145

2

0

2

4

3

5

46

11

13

8

24

-72

110

78

48

48

48

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-3,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,062

-

-

-

-

-

-

Total other expense

-5,096

-5,009

-4,655

-5,050

-4,607

-5,043

-4,464

-4,693

-4,892

-4,700

-4,963

-8,756

-2,303

-2,226

-1,945

-2,251

-1,801

-1,206

-1,327

-1,043

-983

-2,646

74

77

-16

-9

43

359

-40

36

27

20

1,112

113

-93

-341

107

125

46

Loss before income taxes

-6,284

-1,452

-2,365

-5,246

-4,686

-4,304

-1,980

-5,877

-9,120

-9,086

-39,184

-10,656

-2,678

-2,930

-13,998

-3,866

-1,915

1,229

1,866

-12,609

-2,260

-5,906

149

1,871

-231

1,524

1,253

1,962

1,315

2,453

2,591

2,390

2,859

960

807

-381

-615

-303

295

Income taxes

553

1,029

1,504

1,140

710

1,248

1,242

1,225

943

-1,601

479

90

623

148

-9

216

162

913

221

-386

477

-337

145

427

173

692

254

204

145

310

284

402

394

249

272

195

111

-

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-303

295

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-113

-3,479

Net loss

-6,837

-2,481

-3,869

-6,386

-5,396

-5,552

-3,222

-7,102

-10,063

-7,485

-39,663

-10,746

-3,301

-3,078

-13,989

-4,082

-2,077

316

1,645

-12,223

-2,737

-5,569

4

1,444

-404

832

999

1,758

1,170

2,143

2,307

1,988

2,465

711

535

-576

-726

-416

-3,184

Less: Net income attributable to noncontrolling interests

138

20

144

33

94

89

73

120

23

34

19

-6

42

127

52

87

19

77

54

-15

136

54

37

41

27

13

13

72

62

16

-17

106

56

12

-20

-35

5

193

112

Net loss attributable to ORBCOMM Inc.

-6,975

-2,501

-4,013

-6,419

-5,490

-5,641

-3,295

-7,222

-10,086

-7,519

-39,682

-10,740

-3,343

-3,205

-14,041

-4,169

-2,096

239

1,591

-12,208

-2,873

-5,623

-33

1,403

-431

819

986

1,686

1,108

2,127

2,324

1,882

2,409

699

555

-541

-731

-609

-3,296

Net loss attributable to ORBCOMM Inc. common stockholders

-6,975

-2,501

-4,025

-6,419

-5,490

-5,648

-3,295

-7,233

-10,086

-7,519

-39,694

-10,740

-3,343

-3,212

-14,048

-4,169

-2,096

230

1,582

-12,217

-2,882

-5,641

-33

1,394

-441

806

971

1,671

1,092

2,111

2,307

1,865

2,390

681

546

-541

-731

-609

-

Per share information-basic:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-496

183

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-113

-3,479

Net loss attributable to ORBCOMM Inc. common stockholders

-0.09

-0.03

-0.05

-0.08

-0.07

-0.08

-0.04

-0.09

-0.13

-0.10

-0.54

-0.15

-0.05

-0.04

-0.20

-0.06

-0.03

0.00

0.02

-0.17

-0.04

-0.10

0.00

0.03

-0.01

0.02

0.02

0.04

0.02

-

-

-

-

-

-

-

-

-0.01

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.08

Net income attributable to ORBCOMM Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.04

0.05

-

0.01

-0.01

-0.02

-0.01

-0.08

Per share information-diluted:
Net loss attributable to ORBCOMM Inc. common stockholders

-0.09

-0.03

-0.05

-0.08

-0.07

-0.08

-0.04

-0.09

-0.13

-0.10

-0.54

-0.15

-0.05

-0.04

-0.20

-0.06

-0.03

0.00

0.02

-0.17

-0.04

-0.09

0.00

0.02

-0.01

0.02

0.02

0.03

0.02

-

-

-

-

-

-

-

-

-0.01

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.08

Net income attributable to ORBCOMM Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.04

0.05

-

0.01

-0.01

-0.02

-0.01

-0.08

Weighted average common shares outstanding:
Basic

78,313

78,266

79,695

79,688

79,387

78,955

78,649

78,079

74,729

74,364

73,762

71,978

71,424

71,031

70,997

70,900

70,700

70,551

70,460

70,427

70,238

63,077

55,247

55,199

53,213

48,049

47,498

47,296

46,837

46,754

46,729

46,706

46,351

45,714

45,665

44,211

42,726

42,604

42,563

Diluted

78,313

78,266

79,695

79,688

79,387

78,955

78,649

78,079

74,729

74,364

73,762

71,978

71,424

71,031

70,997

70,900

70,700

69,093

71,918

70,427

70,238

61,496

55,247

56,780

53,213

49,779

48,728

48,430

48,143

48,453

47,559

47,146

46,898

45,591

45,788

44,211

42,726

42,604

42,613

Service [Member]
Revenues

40,524

41,299

40,550

39,738

39,007

38,649

38,473

38,475

37,992

39,309

35,040

31,077

29,512

29,427

28,846

27,694

26,914

27,140

25,048

24,011

23,774

15,183

15,184

14,902

14,426

14,783

13,767

13,517

13,890

12,369

12,708

12,418

11,531

10,821

10,315

8,980

7,397

12,975

7,277

Cost of goods and services sold

13,081

13,141

12,568

13,508

13,047

12,480

12,764

12,392

15,548

16,692

13,638

10,649

9,569

9,583

9,791

9,351

9,188

9,321

8,766

8,318

7,704

5,348

5,291

4,630

5,070

5,494

5,149

4,426

4,737

2,166

5,108

4,950

4,706

4,063

4,483

3,775

3,463

3,081

3,060

Product [Member]
Revenues

25,566

27,403

27,157

25,278

25,822

27,001

31,136

31,169

27,712

-

31,899

25,880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

25,655

28,383

28,643

27,365

27,028

27,688

32,569

32,313

29,981

36,667

34,326

25,880

22,409

17,405

17,442

22,370

16,646

17,856

21,036

20,872

18,556

14,285

7,942

9,396

4,924

4,457

5,926

5,042

2,830

3,837

3,386

3,901

4,348

2,853

3,625

1,829

486

937

560

Cost of goods and services sold

17,281

20,102

19,640

19,607

19,028

20,081

24,679

25,173

23,511

32,026

29,676

20,290

17,648

13,169

13,218

17,200

11,450

12,251

15,424

14,790

13,948

12,247

5,524

6,547

4,027

3,481

4,058

4,094

2,103

1,950

2,335

2,568

3,103

2,341

2,659

1,366

290

601

349