Key Developments: ORBCOMM Inc (ORBC.OQ)

ORBC.OQ on NASDAQ Stock Exchange Global Select Market

6.55USD
19 Dec 2014
Price Change (% chg)

$-0.20 (-2.96%)
Prev Close
$6.75
Open
$6.75
Day's High
$6.75
Day's Low
$6.42
Volume
622,796
Avg. Vol
107,581
52-wk High
$8.16
52-wk Low
$5.41

Search Stocks

Latest Key Developments (Source: Significant Developments)

Orbcomm Inc gives Q4 2014 revenue outlook in line with analysts' estimates; gives FY 2015 outlook above analysts' estimates - Conference Call
Monday, 10 Nov 2014 10:30am EST 

Orbcomm Inc:Expects Q4 2014 revenues in the range of $28 - $30 mln.Expects FY 2015 total revenues in the range of $170 - $190 mln.Expects FY 2015 adjusted EBITDA in the range of $40 -$45 mln.Q4 2014 revenue of $28 mln - Thomson Reuters I/B/E/S.FY 2015 revenue of $118 mln, EBITDA of $29 mln - Thomson Reuters I/B/E/S.  Full Article

Orbcomm Inc announces pricing of public offering of common stock
Friday, 7 Nov 2014 09:24am EST 

Orbcomm Inc:Prices underwritten registered public offering of 12,857,143 shares of its common stock, par value $0.001 per share, at a price of $5.60 per share. In connection with the Offering.Says it has granted the underwriters an option to purchase up to 1,928,571 additional shares of its common stock.Offering all of the shares and will receive all the net proceeds of the Offering.Offering is expected to close on Nov. 13, 2014, subject to customary closing conditions.Intends to use the net proceeds from the Offering primarily to fund the acquisition of SkyWave Mobile Communications Inc.Offering is not contingent on consummation of the SkyWave acquisition and ORBCOMM may use the net proceeds from the Offering for future acquisitions and for general corporate purposes.Raymond James & Associates, Inc., Canaccord Genuity Inc. and Macquarie Capital (USA), Inc. are acting as book-running managers for the Offering.Craig-Hallum Capital Group LLC and Chardan Capital Markets, LLC are acting as co-managers for the Offering.  Full Article

Orbcomm Inc to acquire SkyWave Mobile Communications
Thursday, 6 Nov 2014 04:06pm EST 

Orbcomm Inc:Announced that it has entered into a definitive agreement to acquire SkyWave Mobile Communications, for $130 million.Says it Will acquire SkyWave on a cash-free debt-free basis.Under the terms of the agreement, SkyWave will be acquired for $130 million, $122.5 million of which is to be in cash provided by ORBCOMM and $7.5 million in the form of a promissory note to Inmarsat for a portion of its interest in SkyWave.  Full Article

ORBCOMM Inc announces public offering of up to $72 mln of shares of common stock
Thursday, 6 Nov 2014 04:05pm EST 

ORBCOMM Inc:Says underwritten registered public offering, subject to market and other conditions, of shares of common stock, par value $0.001 per share, up to an aggregate sales price of $72 mln.Says it will receive all of the net proceeds from the Offering.Intends to use the net proceeds to fund the acquisition of SkyWave Mobile Communications Inc.Offering is not contingent on consummation of the SkyWave acquisition and ORBCOMM may use the net proceeds from the Offering for future acquisitions and for general corporate purposes.Raymond James & Associates, Inc., Canaccord Genuity Inc. and Macquarie Capital (USA), Inc. are acting as book-running managers for the Offering.  Full Article

Decker Truckline selects ORBCOMM for refrigerated telematics solution
Tuesday, 5 Aug 2014 08:30am EDT 

ORBCOMM Inc:Says it has been selected by Decker Truckline, Inc. (Decker) to provide an industry-leading tracking and monitoring solution for its fleet of 800 refrigerated trailers.  Full Article

Swing Transport selects ORBCOMM for trailer tracking solution across dry van fleet
Tuesday, 8 Jul 2014 08:30am EDT 

ORBCOMM Inc:Says Swing Transport has selected ORBCOMM to deliver a comprehensive trailer tracking solution for its fleet of more than 1,000 dry van trailers.  Full Article

ORBCOMM Inc gives Q2 2014 revenue guidance in line with analysts' estimates; reaffirms FY 2014 revenue guidance - Conference Call
Thursday, 8 May 2014 10:30am EDT 

ORBCOMM Inc:Expects Q2 2014 total revenues to be in the $23 million to $25 million range.Says revenues could reach $100 million for FY 2014.Q2 2014 revenue of $24 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $98 million - Thomson Reuters I/B/E/S.  Full Article

ORBCOMM Inc and Savi to provide advanced satellite tracking and security solutions to Government Customers
Tuesday, 22 Apr 2014 08:30am EDT 

ORBCOMM Inc:Says its partner, Savi Technology (Savi), has been awarded five-year U.S. Department of Defense contract as sole provider to the $204 mln RFID-IV program, which currently has a $102 mln ceiling.RFID-IV program offers wide range of technology solutions, including newly-upgraded Radio Frequency Identification (RFID), satellite-based Enhanced In-Transit Visibility (EITV) and Advanced Intrusion Tracking Detection (ATID) products and services.Says to wide range of government customers for global asset planning and tracking of personnel, equipment and sustainment cargo worldwide.  Full Article

ORBCOMM Inc gives FY 2014 revenue guidance above analysts' estimates - Conference Call
Thursday, 13 Mar 2014 10:30am EDT 

ORBCOMM Inc:Expects FY 2014 revenues could reach over $100 million.FY 2014 revenue of $87 million - Thomson Reuters I/B/E/S.  Full Article

ORBCOMM Inc completes acquisition of Euroscan
Wednesday, 12 Mar 2014 08:30am EDT 

ORBCOMM Inc:Says it has completed the acquisition of Euroscan Holdings, B.V.ORBCOMM was advised by Near Earth LLC on this transaction.  Full Article

Photo

SpaceX Falcon 9 rocket blasts off from Florida

CAPE CANAVERAL Fla. - Overcoming two months of delays, a Space Exploration Technologies’ Falcon 9 rocket blasted off from Florida on Monday to put six small commercial communications satellites into orbit for ORBCOMM Inc.

Search Stocks