ORBCOMM Inc. (NASDAQ:ORBC) Files An 8-K Results of Operations and Financial ConditionItem 2.02
ORBCOMM Inc. (“ORBCOMM” or the “Company”) is providing in conjunction with an underwritten registered public offering of its shares its preliminary estimates of its total revenues for the first quarter ended March31, 2018 and is furnishing such preliminary estimates to the Securities and Exchange Commission under Item 2.02 of this Current Report on Form 8-K.
The Company preliminarily estimates that its total revenues for the first quarter ended March31, 2018 will be between $66million and $69million.This estimate is preliminary, reflects the Company’s current good faith estimate, and is subject to the completion of the Company’s financial closing procedures as the Company prepares the condensed consolidated financial statements for the quarter.The Company’s actual results may differ materially from this estimate.Accordingly, investors should not place undue reliance on this preliminary estimate.
The information contained under Item 2.02 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
On April5, 2018, the Company issued a press release announcing a public offering of shares, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
(d)Exhibits.
| 99.1 |
Press Release of the Company dated April5, 2018. |
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ORBCOMM Inc. ExhibitEX-99.1 2 d512655dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 ORBCOMM ANNOUNCES LAUNCH OF PUBLIC OFFERING OF COMMON STOCK Rochelle Park,…To view the full exhibit click here
About ORBCOMM Inc. (NASDAQ:ORBC)
ORBCOMM Inc. is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and Web reporting applications. The Company’s M2M products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, intermodal containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in the transportation and distribution, heavy equipment, oil and gas, maritime and government industries. It provides Automatic Identification System (AIS) data services to assist in vessel navigation and to improve maritime safety to government and commercial customers across the world. The Company provides its services using various network platforms, including its own constellation of approximately 40 low-Earth orbit (LEO) satellites and its accompanying ground infrastructure.
