NJ TECH CORNER: ORBCOMM INC.
Photo: Marc Eisenberg, CEO of ORBCOMM Photo Credit: Courtesy ORBCOMM
Marc Eisenberg, CEO of ORBCOMM | Courtesy ORBCOMM

Company Overview

ORBCOMM Inc. (NASDAQ: ORBC) is a global provider of Internet of Things (IoT) solutions including network connectivity, devices, device management and web reporting applications. The company is also a provider of satellite Automatic Identification System (AIS) data services. ORBCOMM’s IoT solutions are used in the transportation, warehousing and supply chain management, heavy equipment, fixed asset monitoring, marine, and government markets. Founded in 1993, the Rochelle Park-based company has operations across the globe and a workforce of more than 700 employees.  

Investment & Financial Information

 

Shares of common stock outstanding (as of March 3, 2017):

71,421,402

Share price of stock (as of July 28, 2017)

 $11.64

Share price of stock (one year ago)

 $10.49

Current valuation (as of July 28, 2017)

 $831.34 million

Valuation one year ago

 $742.63 million

Stock Symbol:

NASDAQ: ORBC

Net Revenues (12/31/16)

$186.74 million

Net Revenues previous year

$178.29 million

Net Income (loss) (12/31/16)

($23.22) million

Net Income (loss) previous year:

($12.99) million

 

Management Team

 

Name

Age

Title

Marc J. Eisenberg

50

CEO

Robert E. Costantini

57

Executive Vice President, CFO

John J. Stolte Jr.

57

Executive Vice President, Technology and Operations

Christian G. Le Brun

49

Executive Vice President and General Counsel

Craig E. Malone

54

Executive Vice President, Product Development

       

 

 

Board of Directors

 

Name

Age

Title

Didier Delepine

69

Former President and CEO, Equant

Gary H. Ritondaro

70

Former Senior Vice President and CFO, LodgeNet Interactive Corp.

Marc J. Eisenberg

50

CEO and President

Timothy Kelleher

54

Managing Partner, Silver Canyon Group, LLC

John Major

71

President, MTSG.

Jerome B. Eisenberg

77

Chairman of the Board

Marco Fuchs

54

CEO and Chairman of the Managing Board, OHB SE

 

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

BlackRock, Inc.

6,369,564

9.0%

Franklin Resources

5,177,900

7.3%

  The Vanguard Group, Inc.

  4,978,769

7.0%

  Dimensional Fund Advisors

  4,267,917

 6.0%

  Adage Capital Partners, L.P.

  4,092,661

5.8%

 

[All information for NJ Tech Corner was taken from the company's annual reports and proxy statements and other company sources, with the exception of the company's stock price and valuation.]

comments powered by Disqus




NYConvergence Advertisement
Sponsored Links
Small Business Employee Benefits—Free Gift With New Quote
 

Sign Up for New Jersey Tech Weekly’s E-mail Newsletter!

Don't miss out on exclusive content, important recaps and much more!

Close