Mobile IoT provider Orbcomm reports big increase in cash flow, looks past Covid-19 to sustained EBITDA growth

by Peter B. de Selding

PARIS — Satellite and terrestrial mobile IoT hardware and service provider Orbcomm Inc. reported sharply lower equipment deliveries as the Covid-19 pandemic restricted visits to customer platforms but posted a sharp increase in cash flow and a stable EBITDA margin.

Total subscriber count increased by a net 18,000, for a total of 2.22 million as of June 30.

Operating cash flow for the three months ending June 30 was $12.6 million, a six-fold increase from the same period a year ago.

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