Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Revenues: |
|
|
|
| Service revenues |
$ 99,973
|
$ 59,695
|
$ 55,957
|
| Product sales |
78,320
|
36,547
|
18,255
|
| Total revenues |
178,293
|
96,242
|
74,212
|
| Cost of revenues, exclusive of depreciation and amortization shown below: |
|
|
|
| Cost of services |
34,109
|
20,339
|
19,806
|
| Cost of product sales |
56,413
|
28,345
|
13,736
|
| Gross profit |
87,771
|
47,558
|
40,670
|
| Operating expenses: |
|
|
|
| Selling, general and administrative |
44,395
|
30,989
|
24,551
|
| Product development |
6,469
|
2,895
|
2,759
|
| Impairment charges - satellite network |
12,748
|
605
|
|
| Depreciation and amortization |
26,571
|
10,856
|
6,001
|
| Acquisition-related and integration costs |
4,803
|
3,819
|
1,658
|
| (Loss) income from operations |
(7,215)
|
(1,606)
|
5,701
|
| Other (expense) income: |
|
|
|
| Interest income |
344
|
47
|
38
|
| Other income |
339
|
240
|
373
|
| Interest expense |
(5,242)
|
(149)
|
(58)
|
| Loss on debt extinguishment |
|
(2,649)
|
|
| Total other (expense) income |
(4,559)
|
(2,511)
|
353
|
| (Loss) income before income taxes |
(11,774)
|
(4,117)
|
6,054
|
| Income taxes |
1,225
|
408
|
1,295
|
| Net (loss) income |
(12,999)
|
(4,525)
|
4,759
|
| Less: Net income attributable to the noncontrolling interests |
252
|
159
|
160
|
| Net (loss) income attributable to ORBCOMM Inc. |
(13,251)
|
(4,684)
|
4,599
|
| Net (loss) income attributable to ORBCOMM Inc. common stockholders |
$ (13,287)
|
$ (4,721)
|
$ 4,540
|
| Per share information-basic: |
|
|
|
| Net (loss) income attributable to ORBCOMM Inc. common stockholders |
$ (0.19)
|
$ (0.08)
|
$ 0.10
|
| Per share information-diluted: |
|
|
|
| Net (loss) income attributable to ORBCOMM Inc. common stockholders |
$ (0.19)
|
$ (0.08)
|
$ 0.09
|
| Weighted average common shares outstanding: |
|
|
|
| Basic |
70,419
|
56,684
|
47,420
|
| Diluted |
70,419
|
56,684
|
48,770
|