ORBCOMM Inc. provided earnings guidance for the second quarter 2020. For the second quarter, the Company anticipates Recurring Service Revenue to be flat to down 3% over the prior year period as a result of the completion of the AT&T contract, as well as anticipating a small impact from fluctuations in foreign exchange rates. Due to COVID-19, the Company expects a more significant drop in product sales in the second quarter as some OEM's have temporarily suspended production lines and some fleets have delayed deployments, while the Company is able to provide limited on-site support. The Company believes Total Revenues in the second quarter to be $55 million on the low end and $60 million on the high end depending on how market conditions evolve.

Due to the uncertainty surrounding the level of business disruption across the multiple markets ORBCOMM serves as a result of the spread of COVID-19, the Company is withdrawing its previously announced full-year 2020 outlook.