- Financially Speaking — Loral Space & Communications Inc. (NASDAQ:LORL) has announced their financial results for the three and six months ended June 30, 2008. Combined revenues and Adjusted EBITDA, including both the satellite manufacturing and the satellite services segments for the quarter, were $383 million and $120 million, respectively. Combined segment revenues and Adjusted EBITDA for the first six months of the year were $769 million and $220 million, respectively. Comparisons to 2007 are not relevant because of the change in the satellite services business. All of Telesat's revenues and Adjusted EBITDA are included in the segment results. However, Telesat is reported under the equity method of accounting in the income statement reflecting only Loral's 64 percent economic interest. After eliminating the results of Telesat, revenues and Adjusted EBITDA for the quarter were $208 million and $15 million, respectively, and $427 million and $14 million for the first six months, respectively. The complete report may be read here...
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Financially Speaking — ORBCOMM Inc. (NASDAQ: ORBC) announced financial results for the second quarter ended June 30, 2008. Total revenues for the quarter ended June 30, 2008 were $7.7 million, an increase of 16.6 percent from the second quarter of 2007. Service revenues increased 36.5 percent to $5.8 million for the second quarter from the comparable period of 2007, due primarily to an increase in the billable subscriber communicator base and incremental service revenue margins earned by ORBCOMM Japan of $0.3 million. Product sales decreased in the second quarter by $0.4 million, or 18.4 percent, from the second quarter of 2007 due to a decline in purchases by a large VAR, offset partially by product sales made by ORBCOMM Japan. For the full financial report, select this link...
Satnews Daily
August 12th, 2008
ORBITZ