Orbcomm Inc. (NASDAQ: ORBC) on Wednesday reported a third-quarter net loss of $5.5 million, with a per-share loss of $0.07.
The Rochelle Park, New Jersey-based company posted revenue of $61.7 million in the period, compared to $69.1 million during the third-quarter of 2019, a 10.7% decrease.
Company officials said the decline in revenue can partly be attributed to “certain customers in the oil and gas and heavy equipment markets that limited usage of our services in response to the ongoing...
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