|Three months ended June 30,||Six months ended June 30,|
|Net Income (loss) attributable to ORBCOMM Inc. Common Stockholders||$1,865||$(541)||$4,255||$(1,272)|
|Net Income (loss) per Common Share||$0.04||$(0.01)||$0.09||$(0.03)|
|Adjusted EBITDA (2,3)||$4,022||$1,747||$8,231||$2,546|
- For the second quarter of 2012, Total Revenues increased 51% to $16.3 million, and Service Revenues increased 38% year-over-year to $12.4 million. Adjusted EBITDA for the period was $4.0 million, up from $1.7 million during the same three months last year. ORBCOMM reported EPS of $0.04 for the second quarter of 2012 compared to a loss of ($0.01) for the comparable period last year.
- For the second quarter of 2012, net subscriber additions were 26,000. ORBCOMM had 715,000 billable subscriber communicators at June 30, 2012, compared to 606,000 at the end of the second quarter last year. The base of billable subscribers increased 18% year-over-year.
- ORBCOMM’s AIS service was selected to be the sole provider by the European Maritime Safety Agency (EMSA), through ORBCOMM’s partner LuxSpace, awarding a multi-year framework contract to provide satellite-based Automatic Identification System (AIS) data used for ship tracking and maritime navigation safety efforts.
- Our prototype ORBCOMM Generation 2 (OG2) satellite completed several significant milestones, including the most critical environmental tests. We anticipate the satellite will be shipped to Cape Canaveral over the next few weeks to be attached to a Falcon 9 rocket and launched in October. When the OG2 constellation is fully deployed, ORBCOMM will be able to provide multiple new data offerings and we expect its superior service will result in a substantial expansion of ORBCOMM’s addressable markets.