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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Iridium Communications

Iridium Communications, Inc. engages in the provision of global satellite communications services and products. Its products include personal communicators, messengers, and trackers, satellite phones, push-to-talk-devices, broadband, midband, and external terminals, docking stations, apps, and accessories. It offers its services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via satellite network. The company was founded in 2000 and is headquartered in McLean, VA.

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Iridium Communications excels in 2022, poised for growth ahead

Iridium Communications delivered a stellar performance in 2022, surpassing expectations and setting the stage for continued growth in 2023. The company's strategic partnerships, financial outlook, and focus on innovation position it well for future success.
While facing competition and payment structure uncertainties, Iridium's strengths in diverse services, customer base, and market positioning offer resilience and growth potential. Balancing challenges with opportunities, the company remains agile and forward-thinking in navigating the evolving landscape.
Investors can look forward to Iridium's momentum in 2023, driven by core business growth, new revenue streams, and a clear vision for the future. The company's commitment to sustainability, innovation, and community impact underpins its long-term strategy and value proposition.

Iridium Communications reports robust Q1 earnings, eyes IoT growth

Iridium Communications delivered strong financial performance in Q1 2023, with revenue and EBITDA growth across key segments. The company remains focused on shareholder value through dividends and share repurchases.
Challenges include potential revenue delays in automotive integration and managing seasonal fluctuations in subscriber adds. However, opportunities in IoT, new technologies, and strategic investments position Iridium for future growth.
Investors can look forward to insights on long-term growth projections at the upcoming Investor Day. Overall, Iridium's strategic initiatives and financial performance indicate a positive outlook for the company's future.

Iridium Communications reports robust Q2 performance and eyes growth opportunities

Iridium Communications showcased strong financial performance, strategic focus on niche services, and growth opportunities in emerging markets like UAV connectivity and autonomous aircraft. Despite challenges in equipment revenue and SG&A expenses, the company remains resilient and aims for moderation in expense growth. Management anticipates discussing long-term potential opportunities at an upcoming Investor Day in September.

Iridium reports robust Q3 results, eyes growth amid supply challenges

Iridium Communications delivered solid financial performance in Q3 2023, driven by revenue growth and record operational EBITDA, despite challenges in equipment sales.
The company's strategic strengths include ambitious revenue targets, a healthy cash balance, and updated guidance reflecting growth prospects.
While facing challenges such as supply chain issues and increased expenses, Iridium has opportunities to leverage partnerships and market demand for future growth.
Overall, Iridium's performance highlights resilience and potential for expansion in key market segments, supported by strategic initiatives and financial stability.

Iridium Communications excels in Q4, eyes $1B revenue milestone

Iridium Communications demonstrated strong financial performance, strategic foresight, and resilience in the face of industry dynamics, positioning itself for continued growth.
While facing challenges such as ARPU fluctuations and inventory management, the company is leveraging opportunities in IoT, aviation services, and R&D to drive future success.
Investors can be optimistic about Iridium's trajectory, with a clear roadmap for revenue growth, operational targets, and technological advancements shaping its competitive edge.

Iridium reports robust Q1 results, eyes Satelles for future growth

Iridium Communications showcased strong financial performance in Q1 2024, driven by service revenue growth and operational EBITDA.
The Satelles acquisition enhances Iridium's leadership in satellite-based services, with revenue projections exceeding $100 million annually by 2030.
Analyst inquiries focused on the impact of Satelles, free cash flow guidance adjustments, and revenue synergies.
Strategic investments in IoT, mid-band services, and directed device initiatives position Iridium for long-term growth.

Iridium Communications (IRDM) excels in Q2, eyes growth in IoT and emerging markets

Iridium Communications (IRDM) delivers a strong Q2 performance with revenue growth, subscriber expansion, and strategic investments driving operational success.
Challenges in managing service revenue guidance, market trends, and competitor impacts require proactive strategies and continuous innovation.
Opportunities in emerging markets, partnerships, and margin optimization position Iridium for sustained growth and market leadership.
Management's transparency, financial stability, and global resilience underscore the company's commitment to long-term success and shareholder value.

Iridium reports strong Q3 earnings, eyes growth through innovation

Iridium Communications demonstrated solid financial performance in Q3, driven by revenue growth and operational EBITDA hitting a record high of $124.4 million.
The company's strategic partnerships, innovative product launches, and focus on returning value to shareholders position it well for future growth and market leadership.
While facing challenges like CFO transition and operational integration, Iridium has opportunities to capitalize on market demand, expand product offerings, and enhance shareholder value.

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Engineers can effortlessly build and scale satellite-based IoT solutions by combining IRDM's advanced satellite technology with Blynk's robust IoT platform.

Iridium & Blynk Advance Satellite IoT Solutions: Will IRDM Stock Gain?

ViaSat

The global demand for seamless connectivity is soaring, fueling a multi-billion dollar boom in the satellite communication sector, which is projected to grow from $220 billion to $630 billion over the next seven years. This unprecedented growth is driven by the need for reliable communication access to even the most remote locations, and it presents a unique opportunity for investors.

Signal Boost: 2 Key Satellite Stocks Driving Industry Growth

Iridium Certus GMDSS transforms maritime safety with global distress alerts, safety voice and broadband, ensuring seamless communication at sea.

Iridium Certus GMDSS Service Launch Redefines Global Maritime Safety

MIAMI , Dec. 12, 2024 /PRNewswire/ -- Blynk, the leading Low-Code IoT SaaS platform, has partnered with Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, in support of the new Iridium Certus™ 9704 Development Kit , an end-to-end product evaluation tool for the Iridium Certus 9704 module . This partnership allows engineering teams to jumpstart their projects with Iridium's new hardware using Blynk's powerful IoT platform, creating an ideal environment both for discovery and development of new Iridium satellite-based solutions.

Blynk Selected by Iridium as Pre-Integrated Software Solution for their New Satellite IoT Development Kit

The new module is supported by the Iridium Certus 9704 Development Kit, and is ideal for data, audio messages and image transfers, while positioning companies as more future ready in anticipation of Satellite AIoT MCLEAN, Va. , Dec. 12, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today launched the Iridium Certus™9704, its newest  IoT module, and Iridium Certus 9704 Development Kit.

Iridium Transforms Satellite IoT with the Launch of Revolutionary Iridium Certus 9704 Module

MCLEAN, Va. , Dec. 11, 2024 /PRNewswire/ -- Iridium Communications Inc.  (Nasdaq: IRDM) today announced the service launch of Iridium Certus® GMDSS, a generational advancement in maritime satellite communication safety services.

Global Maritime Safety Enters New Era with the Launch of Iridium Certus GMDSS

Globalstar

Telesat Corp

The Zacks Satellite and Communication industry participants like Globalstar (GSAT), Iridium (IRDM) and Telesat (TSAT) are well-poised to gain from increasing proliferation and cheaper access to space technology.

3 Stocks to Watch From the Satellite and Communication Industry

Iridium Communications Inc. IRDM and Eutelsat Group's EUTLF subsidiary Eutelsat America Corp. and OneWeb Technologies Inc. (“EACOWT”) recently inked a partnership whereby EACOWT will deliver Iridium Certus and Iridium Satellite Time and Location (STL) services to U.S. government clients. These services will be available to the government through the IRDM's U.S. Space Force's Proliferated Low Earth Orbit (P-LEO) contracts and OneWeb Technologies.

Eutelsat to Deliver IRDM's Certus & STL Services to US Government

HOUSTON , Oct. 23, 2024 /PRNewswire/ -- Eutelsat America Corp. and OneWeb Technologies Inc (EACOWT), operating in combination as a wholly owned independent U.S. proxy company and subsidiary of Eutelsat Group, today announced a partnership agreement with Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, to provide Iridium Certus® and Iridium® Satellite Time and Location (STL®) services to U.S. government customers. EACOWT will now offer an enhanced GNSS-resilient Low Earth Orbit (LEO) Ku-Band/L-band solution by adding Iridium Certus and Iridium STL services to its portfolio of government services.

Eutelsat America Corp. and OneWeb Technologies to offer Iridium Certus and STL® Services to the U.S. Government

With strong revenue growth in commercial service and government engineering units and an expanding subscriber base, IRDM delivers impressive Q3 performance.

Iridium's Q3 Earnings Beat on Higher Revenues, Stock Soars 11%

Iridium Communications Inc (NASDAQ:IRDM ) Q3 2024 Results Conference Call October 17, 2024 8:30 AM ET Company Participants Ken Levy - Vice President, Investor Relations Matt Desch - Chief Executive Officer of Iridium Communications Inc. Tom Fitzpatrick - CFO Vincent O'Neill - Senior Vice President of Finance Conference Call Participants Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Edison Yu - Deutsche Bank Walter Piecyk - LightShed Ventures Hamed Khorsand - BWS Chris Quilty - Quilty Space Louis DiPalma - William Blair Operator Good day and welcome to the Iridium's 2024 third quarter earnings call. All participants will be in listen-only mode.

Iridium Communications Inc. (IRDM) Q3 2024 Earnings Call Transcript

Iridium Communications Inc. IRDM and General Dynamics Mission Systems (“GDMS”) have jointly received a $491.6 million contract modification from the Space Development Agency (“SDA”) for its Ground Management and Integration (GMI) program, which supports the Proliferated Warfighter Space Architecture (PWSA). Iridium's share of this total is valued at $239 million over five years.

Iridium & GDMS Secure $491.6M SDA Contract: IRDM Stock to Gain?

The headline numbers for Iridium (IRDM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Iridium (IRDM) Q3 Earnings

Iridium Communications (IRDM) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.01 per share a year ago.

Iridium Communications (IRDM) Q3 Earnings and Revenues Surpass Estimates

MCLEAN, Va. , Oct. 17, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook.

Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook

MCLEAN, Va. , Oct. 15, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced the Space Development Agency (SDA) has awarded the General Dynamics Mission Systems (GDMS) and Iridium team a $491.6 million contract modification in support of its Ground Management and Integration (GMI) program for the Proliferated Warfighter Space Architecture (PWSA).

Space Development Agency Award Continues Iridium's Commercial Innovation Delivery Strategy for Government

Iridium Communications Inc. IRDM has joined forces with Nordic Semiconductor to incorporate its Non-Terrestrial Networks (NTN) Direct service into Nordic's LTE-M/Narrowband Internet of Things (NB-IoT) modules and chipsets. This initiative aims to realize the vision of universal connectivity for global and extensive IoT applications.

Iridium Partners With Nordic Semiconductor for Global IoT Connectivity

Iridium's third-quarter performance is likely to have benefited from momentum in commercial service revenues and increasing subscriber base.

Iridium Gearing Up to Report Q3 Earnings: Here's What to Expect

Get a deeper insight into the potential performance of Iridium (IRDM) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Iridium (IRDM) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Here's Why Iridium Communications (IRDM) is a Strong Growth Stock

MCLEAN, Va. , Oct. 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced its collaboration with Nordic Semiconductor for early integration of its Iridium NTN Direct℠ service into Nordic's LTE-M/NB-IoT modules and chipsets.

Iridium to Collaborate with Nordic Semiconductor on Iridium NTN Direct integration

Iridium Communications' stock was upgraded to 'buy' after a significant price decline, leading to a 15.2% gain versus the S&P 500's 1.6%. The company showed strong performance in its Commercial Services segment, with revenue increasing by 6.1%, despite some weaknesses in other areas. Management's optimistic outlook includes a robust share buyback program and expected revenue growth, with EBITDA projected to rise to $460-$470 million.

Iridium Communications: Still A Solid Long-Term Play On Steady Growth

IRDM's impressive buyback plan and improving sales performance augur well. Though its massive debt and volatile macro backdrop are concerning.

Iridium Gains 21% in Past Six Months: Is it Time to Buy the Stock?

Satcom Direct Brasil and MRS Logistica S.A. implement IRDM's Certus technology to ensure railway operations' efficiency, safety and reliability.

Iridium's Advanced Certus System Used by Brazil's Railway Network

Satcom Direct Brasil and MRS Logística are deploying Iridium Certus terminals for reliable positive train control and essential rail line interoperability MCLEAN, Va. , Oct. 1, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that Satcom Direct Brasil, a distributor of critical telecommunications services, and MRS Logística S.A.

News for Iridium Communications Stock (IRDM)