Orbcomm lifted by CNBC comparison to Roku

Orbcomm's (ORBC +6.3%) jump today comes after CNBC bull Jim Lebenthal gave the company a trendy comparison.

The networking/asset tracking firm is like Roku (ROKU +21.2%), he says, noting it's a business “where you sell subscribers and you build up this base that provides higher and higher service revenues." (h/t Bloomberg)

Shares are down 9% over the past 12 months, a decline mitigated by 8% gains over the past week.

Previously: Roku +22% in buildup from Q2 beat (Aug. 09 2018)

Previously: ORBCOMM misses by $0.01, beats on revenue (Aug. 01 2018)

Activate accounts rose 46% Y/Y to 22M, and the company logged 57% more streaming hours (a total of 5.5B hours).

Average revenue per user rose 48%, to $16.60.

Revenue breakout: Platform, $90.3M (up 96%); Player, $66.5M (up 24%).

Gross profit breakout: Platform, $63M (up 84%); Player, $14.7M (up 329%).

For Q3, it's expecting revenues of $164M-$172M (vs. $166.5M consensus), net income of -$18M to -$13M and EBITDA of -$8M to -$3M (vs. expected -$4.5M).

For the full year, it's raising its view to revenues of $710M-$730M (above consensus for $698.3M), net income of -$22M to -$10M and EBITDA of $11M-$23M (above expectations for -$1.2M)

https://www.servicedonline.com/roku-sign-in-customer-support-phone-number/


source : https://seekingalpha.com/news/3381159-orbcomm-lifted-cnbc-comparison-roku

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