ORBCOMM, Inc. (ORBC) Announces Increased Quarterly Revenue
Global satellite data communications company ORBCOMM Inc. today announced total revenues for the quarter ended June 30, 2010 of $7.8 million, a 15.8% increase over the same quarter in 2009. In addition, the 6-month period ending June 30 showed a 13% gain over the same period in 2009, jumping to just over $15.2 million. Service revenues for the second quarter were $7.3 million, an increase of 8.3% over the same quarter in 2009, due largely to an increase in AIS (Automatic Identification System) revenues of $0.3 million, and an increase in billable subscriber satellite and terrestrial revenue of $0.2 million.…