[SatNews] ORBCOMM Inc. (Nasdaq: ORBC) has announced financial results for the second quarter ended June 30, 2011.

Total Revenues for the quarter ended June 30, 2011 were $10.8 million, an increase of 37.9 percent from the second quarter of 2010. The increase was attributable to growth in ORBCOMM’s satellite service revenues and revenue from StarTrak after closing the acquisition on May 16, 2011. Service Revenues for the second quarter of 2011 increased 23.4 percent to $9.0 million from $7.3 million in the second quarter of 2010. Product Sales increased in the second quarter to $1.8 million from $560,000 in the second quarter of 2010.

Net Loss attributable to ORBCOMM Inc. was $541,000 versus a loss of $3.3 million in the second quarter of 2010. The loss per common share in the second quarter of 2011 was $0.01 versus a loss per common share in the second quarter of 2010 of $0.08. ORBCOMM reported EBITDA of $1.1 million for the second quarter of 2011, which compares to an EBITDA loss of $2.4 million in the prior year period. Adjusted EBITDA for the current year quarter was $1.7 million versus $1.6 million in the prior year period.

At June 30, 2011, there were approximately 606,000 billable subscriber communicators, a 12.3 percent increase over the second quarter of 2010. Net subscriber additions during the quarter were about 17,000, comprised of over 18,000 satellite additions and a decrease of 1,000 terrestrial subscribers.

“We are pleased to have completed the StarTrak acquisition and see the business contributing to ORBCOMM’s growth strategy,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “ORBCOMM’s plan to add capabilities and services is being confirmed with the success we have seen at StarTrak." To read the entire financial report, access this direct PDF download link.