NJ TECH CORNER: ORBCOMM INC.
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.]
