Annuncio • Apr 24
Iridium Communications Inc. Reiterates Revenue Guidance for the Full-Year 2026 Iridium Communications Inc. reiterated revenue guidance for the full-year 2026. For the year, the company expects Total service revenue projected to be flat to 2%. Annuncio • Apr 04
Iridium Communications Inc., Annual General Meeting, May 20, 2026 Iridium Communications Inc., Annual General Meeting, May 20, 2026. Annuncio • Apr 02
Iridium Communications Inc. to Report Q1, 2026 Results on Apr 23, 2026 Iridium Communications Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 23, 2026 Annuncio • Feb 24
Iridium Communications Inc. Launches Next Generation Iot Platform Iridium Communications Inc. unveiled the Iridium 9604, a compact, three-in-one IoT module that integrates Iridium Short Burst Data®? (SBD®?) satellite service, LTE-M cellular connectivity, and GNSS positioning into a single platform. By combining these features in one device, the Iridium 9604 reduces solution complexity, lowers costs, and accelerates time to market, making dual-mode IoT connectivity viable for price-sensitive, high-volume deployments. The Iridium 9604 beta program, which launched earlier this year and was oversubscribed by a select group of companies, has generated positive industry feedback highlighting: Lower costs, simplified design, and enabling of location-aware network selection; Savings of 60% or more in board space with the 3-in-1 module, Iridium's smallest-ever form factor; Easy to use developer resources. Representing the next phase of Iridium's IoT strategy, the Iridium 9604 is moving the company beyond traditional satellite-only modules to a unified, multi-mode connectivity architecture. The Iridium network now offers customers three IoT service paths to follow: Iridium SBD packaged with cellular and GNSS in the Iridium 9604 or SBD/Iridium Burst dedicated modules; Iridium NTN Direct for standards-based direct-to-device using third-party chips; Iridium Messaging Transport-based (IMT®?) for industrial-scale, larger payload capabilities with the Iridium Certificate 9704. The Iridium 9604, built on the u-blox SARA-R5 platform, delivers a compact 16 mm x 26 mm x 2.4 mm form factor, best for dual-mode IoT deployments previously cost-prohibitive across industrial, infrastructure, and mobility applications. Commercial availability begins in June 2026 with the Iridium 9604 Development Kit made available for testing satellite and cellular services. Annuncio • Feb 12
Iridium Communications Inc. Provides Earnings Guidance for the Full Year 2026 Iridium Communications Inc. provided earnings guidance for the full year 2026. For the year, the company expects total service revenue growth projected to be flat to 2% for full-year 2026. Total service revenue for 2025 was $634.0 million. Annuncio • Jan 22
Iridium Communications Inc. to Report Q4, 2025 Results on Feb 12, 2026 Iridium Communications Inc. announced that they will report Q4, 2025 results on Feb 12, 2026 Annuncio • Oct 23
Iridium Communications Inc. Updates Its Full-Year 2025 Outlook Iridium Communications Inc. updated its full-year 2025 outlook. For the period, the company expects total service revenue growth of approximately 3% for full-year 2025. (Previously, guidance for total service revenue growth was between 3% and 5% for full-year 2025). Annuncio • Oct 02
Iridium Communications Inc. to Report Q3, 2025 Results on Oct 23, 2025 Iridium Communications Inc. announced that they will report Q3, 2025 results on Oct 23, 2025 Annuncio • Jul 03
Iridium Communications Inc. to Report Q2, 2025 Results on Jul 24, 2025 Iridium Communications Inc. announced that they will report Q2, 2025 results on Jul 24, 2025 Annuncio • Jun 18
Iridium Communications Inc. Appoints Monique S. Shivanandan as A Director and Member of Compensation Committee On June 17, 2025, the Board of Directors (the “Board”) of Iridium Communications Inc. (the “Company”) appointed Monique S. Shivanandan as a director of the Company, effective immediately, and increased the size of the Board to eleven. Ms. Shivanandan’s initial term is scheduled to expire at the Company’s 2026 annual meeting of stockholders. Ms. Shivanandan will also serve on the Compensation Committee. The Board determined that Ms. Shivanandan is an “independent director” in accordance with Nasdaq listing standards and the rules and regulations of the Securities and Exchange Commission (“SEC”). There is no arrangement or understanding between Ms. Shivanandan and any other person pursuant to which she was selected as a director of the Company, and there is no family relationship between Ms. Shivanandan and any of the Company’s other directors or executive officers. The Company is not aware of any transaction involving Ms. Shivanandan requiring disclosure under Item 404(a) of Regulation S-K. Ms. Shivanandan, age 61, has served as Group Chief Data & Analytics Officer at HSBC Holdings plc, a multinational financial services company, since May 2023, having previously served as Chief Information Security Officer at HSBC since July 2020. She served as a group Chief Information Officer at the Chubb Group of Insurance Companies from 2017 to 2020. Earlier career experiences include serving as Chief Information Officer at insurance company Aviva plc and Chief Technology Officer at financial services company Capital One Financial Corporation. She has also held roles at telecommunication companies BellSouth and BT Group plc, a UK multinational telecommunications company. She is chairwoman of the board for Sepio, a cybersecurity asset risk management company. She previously served on the board of directors of Network International, a digital commerce solutions provider, from 2021 to 2024, serving on the audit, risk and tech and compensation committees, and on the board of managers of J.P. Morgan Securities from 2014 to 2018, serving on the audit, risk and nominations committees. Ms. Shivanandan graduated from Lehigh University with a BS Industrial Engineering. Annuncio • May 07
Iridium Equips 9603 Module with Enhanced Short Burst Data Capabilities for Government Users Iridium Communications Inc. announced a special U.S. government version of the Iridium® 9603 module built for Enhanced Short Burst Data (ESBD). ESBD is a low-latency and secure messaging service designed to provide optimal transmission security (TRANSEC) for the U.S. government and approved allies. The ESBD version can act as a drop-in replacement for the existing Iridium 9603 Short Burst Data® (SBD®) module. Alongside Iridium's known reliability and resiliency, Iridium 9603 ESBD can deliver secure one- or two-way messaging with an increased payload capacity for mobile-originated (MO) and mobile-terminated (MT) messages. Example applications range from command and control (C2) and image data transfer to personnel and asset tracking. The upgraded module represents the latest innovation of Iridium to support the Enhanced Mobile Satellite Services (EMSS) program, a decades-long partnership that delivers truly global standard and secure voice, broadcast, PTT, and other services to an unlimited number of Department of Defense and DoD-approved subscribers anywhere on Earth. Iridium 9603 ESBD is targeted to be made available to EMSS-approved value-added manufacturers in July. With its unique low-Earth orbit (LEO) satellite network, Iridium provides resilient L-band connectivity and unparalleled global coverage that does not encounter permanent line-of-sight blockages faced by geostationary (GEO) systems. This helps to ensure the delivery of mission-critical communications for the DoD and other federal agencies. Whether in high-risk combat zones or during inclement weather events, the Iridium network provides pole-to-pole satellite communications that keep users connected when it's needed most, making it critically important for the Joint All Domain Command and Control's (JADC2) Primary, Alternate, Contingency, and Emergency (PACE) communications architecture. Annuncio • Apr 23
Iridium Communications Inc. Reiterates Earnings Guidance for the Full Year 2025 Iridium Communications Inc. reiterated earnings guidance for the full year 2025. For the year, the company expects total service revenue growth between 5% to 7%, Total service revenue for 2024 was $614.9 million. Annuncio • Mar 31
Iridium Communications Inc. to Report Q1, 2025 Results on Apr 22, 2025 Iridium Communications Inc. announced that they will report Q1, 2025 results on Apr 22, 2025 Annuncio • Mar 18
Iridium Communications Inc., Annual General Meeting, May 14, 2025 Iridium Communications Inc., Annual General Meeting, May 14, 2025. Annuncio • Mar 08
Iridium Communications Inc. announces Quarterly dividend, payable on March 31, 2025 Iridium Communications Inc. announced Quarterly dividend of USD 0.1400 per share payable on March 31, 2025, ex-date on March 17, 2025 and record date on March 17, 2025. Annuncio • Jan 23
Iridium Communications Inc. to Report Q4, 2024 Results on Feb 13, 2025 Iridium Communications Inc. announced that they will report Q4, 2024 results on Feb 13, 2025 Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Tony Frazier was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €26.57, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Telecom industry in Europe. Total loss to shareholders of 21% over the past three years. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: US$0.21 (vs US$0.013 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.21 (up from US$0.013 loss in 3Q 2023). Revenue: US$212.8m (up 7.7% from 3Q 2023). Net income: US$24.4m (up US$26.1m from 3Q 2023). Profit margin: 12% (up from net loss in 3Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Oct 17
Iridium Communications Inc. Updates Earnings Guidance for the Year 2024 Iridium Communications Inc. updated earnings guidance for the year 2024. Total service revenue growth of approximately 5% for full-year 2024. Total service revenue for 2023 was $584.5 million. (Previous guidance was for total service revenue growth between 4% and 6% for full-year 2024.). Annuncio • Oct 01
Iridium Communications Inc. to Report Q3, 2024 Results on Oct 17, 2024 Iridium Communications Inc. announced that they will report Q3, 2024 results on Oct 17, 2024 Annuncio • Sep 20
Iridium Communications Inc. (NasdaqGS:IRDM) announces an Equity Buyback for $500 million worth of its shares. Iridium Communications Inc. (NasdaqGS:IRDM) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock. The purpose of the program is maximizing return on investment. Annuncio • Sep 03
Iridium Communications Inc. Unveils Iridium Certus GMDSS: Defining A New Standard in Maritime Safety and Communications Iridium Communications Inc. unveiled Iridium Certus®? GMDSS, a generational advancement in maritime safety, compliance, and communication. Building on the powerful capabilities of Iridium Certus technology, Iridium Certus GMDSS features distress alert, safety voice and Maritime Safety Information (MSI), while integrating additional regulated services like Long Range Identification and Tracking (LRIT) and Ship Security Alert System (SSAS). The combination of capabilities offered by Iridium Certus GMDS S terminals sets a new standard for the cost, efficiency, and performance of maritime safety and security solutions, making it the critical connectivity service needed for any ship's hybrid network system. By adding GMDSS, LRIT, and SSAS into Iridium Certus terminals, the maritime industry can take advantage of a single, versatile, and reliable communications solution for its fleets. Industry leading equipment manufacturers including Cobham Satcom, Intellian, Lars Thrane, and Thales will introduce a combination of Iridium Certus 700 and 200 GMDSS solutions within the forthcoming months. In addition to providing broadband and midband voice and data capabilities, Iridium Certus GM DSS will support truly global, comprehensive safety services across the world's oceans, including polar regions. The small, lightweight equipment has no moving parts, making it virtually maintenance free. Easily hand-carried aboard any vessel, installation can be quickly completed, while providing a cost-effective and reliable solution that meets safety and regulatory requirements. Standalone, or as a companion to a ship's Ka/Ku-band broadband system, the Iridium Certus GMDSC system offers the maximum capability for equipment mandated to be on all SOLAS-class ships by the International Maritime Organization (IMO). The GMDSS service ensures that ships can always send distress communications, receive important safety information and get help in emergencies. When facing an emergency, crew members can press the red distress button and connect with a rescue coordination center (RCC) in seconds. Iridium Certus GMDSs equipped vessels will immediately receive a phone call from the responding RCC to ascertain the nature of the distress alert, allowing the vessel to provide pertinent information to assist rescue. As the maritime industry faces evolving environmental, regulatory, and technological challenges, the requirement to communicate effectively and ensure the safety of crew and cargo is paramount. Iridium Certus GM DS Satelles Inc. can offer peace of mind and simplicity for fleets around the world, with them knowing that their compliance and critical safety requirements are accounted for along with truly global coverage. The maritime industry is undergoing rapid evolution, and Iridium GMDSS represents the mariner's vision for a complete and modern safety and communications solution. Declared Dividend • Sep 02
Second quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Aug 22
Iridium Communications Inc. Announces Chief Financial Officer Changes Iridium Communications Inc. announced Iridium Communications Inc. announced that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Vincent O'Neill as its new Chief Financial Officer, effective January 1, 2025. Vincent O'Neill currently serves as Senior Vice President, Finance with responsibility for treasury, strategic and operational financial planning and execution. He joined Iridium in 2014 as its Vice President of Financial Planning and Analysis. Prior to joining Iridium, O'Neill was CFO of Mobilitie, a wireless infrastructure company, and previously spent 10 years at Nextel Sprint in a variety of senior finance roles. Prior to Nextel Sprint, he worked for Celnet, a Mobile Wireless Operator in the UK (now Telefonica). O'Neill is a Chartered Management Accountant and holds an Accounting and Finance Diploma from Technological University Shannon, Ireland. During his 14 years as the Company's CFO and 11 years as a member of its Board of Directors, Fitzpatrick led the Company's finance and administrative functions through the development and launch of the Iridium NEXT campaign and its subsequent financial transformation, leading share buybacks and the initiation of a quarterly dividend. Annuncio • Aug 21
Iridium Communications Inc. Announces Executive Changes Iridium Communications Inc. announced that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer and Bryan J. Hartin, 60, Executive Vice President, Sales and Marketing, plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Timothy Last as the new Executive Vice President, Sales and Marketing, each to be effective January 1, 2025. Tim Last currently serves as Senior Vice President, Sales, Product Management and Customer Care with responsibility for the Company's product portfolio, global customer integration and support for commercial sales in the Americas region. He previously served as Vice President and General Manager, Americas. Last joined Iridium in 2012 and has held roles of increasing responsibility within the sales and marketing organization. Prior to working at Iridium, Last held business development roles at ORBCOMM Inc. and BT Group. Last holds an MSc in Telecommunications Business from University College London, England. During his 14 years as the Company's CFO and 11 years as a member of its Board of Directors, Fitzpatrick led the Company's finance and administrative functions through the development and launch of the Iridium NEXT campaign and its subsequent financial transformation, leading share buybacks and the initiation of a quarterly dividend. Over his 12 years leading Sales and Marketing, Hartin led the growth that has driven subscribers to over 2.3 million users on the Iridium® network. In addition, he worked tirelessly to lead important safety certifications for Iridium, including for the Global Maritime Distress and Safety System (GMDSS), that allow mariners and explorers around the world to remain connected anywhere. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$0.27 (vs US$0.24 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.27 (up from US$0.24 loss in 2Q 2023). Revenue: US$201.1m (up 4.1% from 2Q 2023). Net income: US$32.3m (up US$63.1m from 2Q 2023). Profit margin: 16% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Jul 23
Iridium Communications Inc. Reiterates Earnings Guidance for the Full Year 2024 IridiIridium Communications Inc. reiterated earnings guidance for the full year 2024. For the year, the company expected total service revenue growth between 4% and 6% for full-year 2024. Total service revenue for 2023 was $584.5 million. Annuncio • Jul 04
Iridium Communications Inc. to Report Q2, 2024 Results on Jul 23, 2024 Iridium Communications Inc. announced that they will report Q2, 2024 results on Jul 23, 2024 Annuncio • Jun 25
Adtran and Iridium Communications Inc. Strengthens PNT resilience in Europe and Asia-Pacific with Satellite Time and Location Technology Adtran, in partnership with Iridium Communications Inc. announced the European and Asia-Pacific launch of its synchronization solutions featuring Iridium®? Satellite Time and Location (STL) technology, a significant step in countering growing threats to Global Navigation Satellite Systems (GNSS). Adtran's OSA 5405-S PTP compact grandmaster clock with STL capabilities and its OSA 5400 STL module are now available to timing network operators in Western Europe, major countries in Eastern Europe, Turkey, and parts of Asia-Pacific, including the majority of Southeast Asia, Japan and South Korea. The solutions enhance the resilience and reliability of critical infrastructure, such as 5G networks, defense systems and many more. Leveraging low-Earth orbit (LEO) satellites to deliver precise and secure positioning, navigation and timing (PNT) services, the devices ensure continuous synchronization even in environments where GNSS is compromised. As a certified Iridium partner, Adtran offers the technology through two distinct purchasing options: an annual service license for optimal flexibility or bundled with equipment for long-term financial planning. Iridium®? STL services harness the power of LEO satellites to transmit encrypted signals that are 1,000 times stronger than those of GNSS, significantly reducing vulnerability to disruptions and manipulation. The technology excels in challenging environments like urban canyons and indoor areas and can penetrate deep into buildings without the need for rooftop antennas. STL is a powerful solution for fortifying zero-trust architecture and ensuring reliable PNT even whenPS signals fail, making it ideal for both indoor and challenging outdoor locations. By empowering operators of mission-critical networks to access reliable timing in the most demanding environments, we're also eliminating the need to install outdoor antennas and core through concrete, significantly reducing expenses. Declared Dividend • Jun 03
First quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (256% earnings payout ratio). However, it is well covered by cash flows (25% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 185% to bring the payout ratio under control. EPS is expected to grow by 236% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annuncio • May 25
Iridium Communications Inc. Declares Cash Dividend on Its Common Stock, Payable on June 28, 2024 Iridium Communications Inc. announced that on May 23, 2024, the Company announced that its board of directors had declared a cash dividend on its common stock of $0.14 per share. The dividend is payable on June 28, 2024, to stockholders of record as of June 14, 2024. Annuncio • Apr 19
Iridium Communications Inc. Provides Earnings Guidance for the Full Year 2024 IridiIridium Communications Inc. provided earnings guidance for the full year 2024. for the year, the company expects total service revenue growth between 4% and 6% for full-year 2024. Total service revenue for 2023 was $584.5 million. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: US$0.16 (vs US$0.077 in 1Q 2023) First quarter 2024 results: EPS: US$0.16 (up from US$0.077 in 1Q 2023). Revenue: US$203.9m (flat on 1Q 2023). Net income: US$19.7m (up 101% from 1Q 2023). Profit margin: 9.6% (up from 4.8% in 1Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Apr 03
Iridium Communications Inc. (NasdaqGS:IRDM) completed the acquisition of 80% stake in Satelles, Inc. Iridium Communications Inc. (NasdaqGS:IRDM) agreed to acquire a 80% stake in Satelles, Inc. for $115 million on March 4, 2024. The transaction will be financed through a tack-on to its term loan. Iridium expects to complete the acquisition in the next few weeks.Iridium Communications Inc. (NasdaqGS:IRDM) completed the acquisition of 80% stake in Satelles, Inc. on April 2, 2024. Annuncio • Apr 02
Iridium Communications Inc., Annual General Meeting, May 21, 2024 Iridium Communications Inc., Annual General Meeting, May 21, 2024, at 08:30 Eastern Standard Time. Agenda: To elect the Board of Directors' ten nominees for director, each to serve until the next annual meeting and until their successors are duly elected and qualified; to approve, on an advisory basis, the compensation of named executive officers, as disclosed in the Proxy Statement accompanying this Notice; to ratify the selection by the Board of Directors of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2024; to consider other business issues. Annuncio • Mar 29
Iridium Communications Inc. to Report Q1, 2024 Results on Apr 18, 2024 Iridium Communications Inc. announced that they will report Q1, 2024 results on Apr 18, 2024 Upcoming Dividend • Mar 07
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Annuncio • Mar 04
Iridium Communications Inc. (NasdaqGS:IRDM) agreed to acquire a 80% stake in Satelles, Inc. for $115 million. Iridium Communications Inc. (NasdaqGS:IRDM) agreed to acquire a 80% stake in Satelles, Inc. for $115 million on March 4, 2024. The transaction will be financed through a tack-on to its term loan. Iridium expects to complete the acquisition in the next few weeks. Declared Dividend • Feb 19
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (424% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 371% to bring the payout ratio under control. EPS is expected to grow by 110% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Feb 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 147% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Dividend is not well covered by earnings (424% payout ratio). Large one-off items impacting financial results. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$0.12 (vs US$0.068 in FY 2022) Full year 2023 results: EPS: US$0.12 (up from US$0.068 in FY 2022). Revenue: US$790.7m (up 9.7% from FY 2022). Net income: US$15.4m (up 77% from FY 2022). Profit margin: 1.9% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Jan 26
Iridium Communications Inc. to Report Q4, 2023 Results on Feb 15, 2024 Iridium Communications Inc. announced that they will report Q4, 2023 results on Feb 15, 2024 Recent Insider Transactions • Nov 24
CEO & Director recently bought €947k worth of stock On the 20th of November, Matthew Desch bought around 28k shares on-market at roughly €33.82 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Annuncio • Oct 20
Iridium Communications Inc. Updates Earnings Guidance for the Full Year 2023 Iridium Communications Inc. updated earnings guidance for the full year 2023. For the year, the company expected total service revenue growth of approximately 10% for full-year 2023. Total service revenue for 2022 was $534.7 million. Reported Earnings • Oct 20
Third quarter 2023 earnings released: US$0.013 loss per share (vs US$0.017 profit in 3Q 2022) Third quarter 2023 results: US$0.013 loss per share (down from US$0.017 profit in 3Q 2022). Revenue: US$197.6m (up 7.4% from 3Q 2022). Net loss: US$1.64m (down 176% from profit in 3Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 29
Iridium Communications Inc. to Report Q3, 2023 Results on Oct 19, 2023 Iridium Communications Inc. announced that they will report Q3, 2023 results on Oct 19, 2023 Annuncio • Sep 16
Parker W. Rush to Retire as Member of the Board of Directors of Iridium Communications Inc., Effective as of December 31, 2023 Iridium Communications Inc. announced that on September 13, 2023, Parker W. Rush informed the company that he will be retiring as a member of the Board of Directors of the company effective as of December 31, 2023. Annuncio • Jul 29
Iridium Communications Inc. (NasdaqGS:IRDM) announces an Equity Buyback for $400 million worth of its shares. Iridium Communications Inc. (NasdaqGS:IRDM) announces a share repurchase program. Under the program, the company will repurchase up to $400 million worth of its common stock. The purpose of the program is maximizing return on investment. The program will be valid till December 31, 2025. Annuncio • Jul 26
Iridium Communications Inc. Reiterates Revenue Guidance for the Full-Year 2023 Iridium Communications Inc. reiterated revenue guidance for the full-year 2023. For the year, the company expected total service revenue growth between 9% and 11%. Total service revenue for 2022 was $534.7 million. Reported Earnings • Jul 26
Second quarter 2023 earnings released: US$0.24 loss per share (vs US$0.036 profit in 2Q 2022) Second quarter 2023 results: US$0.24 loss per share (down from US$0.036 profit in 2Q 2022). Revenue: US$193.1m (up 10% from 2Q 2022). Net loss: US$30.7m (down US$35.3m from profit in 2Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 01
Iridium Communications Inc. to Report Q2, 2023 Results on Jul 25, 2023 Iridium Communications Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Jul 25, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.13 per share at 0.8% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.3%). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. COO & Director Suzi McBride was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • May 17
Iridium Communications Inc. Appoints Jacqueline Yeaney to Its Board of Directors Iridium Communications Inc. announced that Jacqueline Yeaney has been elected to the Iridium Board of Directors, effective May 4, 2023. As a director on the Iridium Board, Yeaney will contribute to the strategic direction of Iridium's business alongside her fellow Board members. Recently retired, Yeaney has extensive experience in the high-tech software and analytics industry, as well as in management consulting. Most recently, she served as Executive Vice President and Chief Marketing Officer of Tableau Software, a company specializing in data visualization, since August 2019. Prior to Tableau, she was Chief Marketing Officer of Ellucian, a privately held software and services company serving the education industry. She has served on the Board of Directors for other publicly traded companies, including Avaya Holdings Corp., and Promethean World PLC. Yeaney started her career as an officer in the U.S. Air Force. As a seasoned marketing and technology executive, Yeaney is bringing significant expertise to Iridium's Board of Directors, that will help the company continue its expansion into new and untapped markets. Recent Insider Transactions • May 08
Insider recently sold €967k worth of stock On the 3rd of May, Bryan Hartin sold around 17k shares on-market at roughly €58.61 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.2m. Insiders have been net sellers, collectively disposing of €9.7m more than they bought in the last 12 months. Annuncio • May 06
Iridium Communications Inc. Declares Cash Dividend, Payable on June 30, 2023 On May 5, 2023, Iridium Communications Inc. announced that its board of directors had declared a cash dividend on its common stock of $0.13 per share. The dividend is payable on June 30, 2023, to stockholders of record as of June 15, 2023. Recent Insider Transactions • Apr 28
Insider recently sold €266k worth of stock On the 25th of April, Bryan Hartin sold around 4k shares on-market at roughly €60.10 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.2m. Insiders have been net sellers, collectively disposing of €8.7m more than they bought in the last 12 months. Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: US$0.077 (vs US$0.022 in 1Q 2022) First quarter 2023 results: EPS: US$0.077 (up from US$0.022 in 1Q 2022). Revenue: US$205.3m (up 22% from 1Q 2022). Net income: US$9.78m (up 246% from 1Q 2022). Profit margin: 4.8% (up from 1.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 15
Independent Director recently sold €258k worth of stock On the 14th of March, Barry West sold around 5k shares on-market at roughly €56.45 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.2m. Insiders have been net sellers, collectively disposing of €8.0m more than they bought in the last 12 months. Buying Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €68.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 287% in the next 2 years. Recent Insider Transactions • Mar 10
COO & Director recently sold €267k worth of stock On the 2nd of March, Suzanne McBride sold around 5k shares on-market at roughly €57.19 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.2m. Suzanne has been a net seller over the last 12 months, reducing personal holdings by €384k. Recent Insider Transactions • Mar 01
Independent Chairman of the Board recently sold €4.2m worth of stock On the 23rd of February, Robert Niehaus sold around 70k shares on-market at roughly €59.30 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by €5.5m. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$0.068 (vs US$0.07 loss in FY 2021) Full year 2022 results: EPS: US$0.068 (up from US$0.07 loss in FY 2021). Revenue: US$721.0m (up 17% from FY 2021). Net income: US$8.72m (up US$18.0m from FY 2021). Profit margin: 1.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 17
Iridium Communications Inc. Provides Service Revenue Guidance for the Full Year 2023 Iridium Communications Inc. provided service revenue guidance for the full year 2023. Total service revenue growth between 9% and 11% for full-year 2023. Total service revenue for 2022 was $534.7 million. Annuncio • Jan 25
Iridium Communications Inc. to Report Q4, 2022 Results on Feb 16, 2023 Iridium Communications Inc. announced that they will report Q4, 2022 results on Feb 16, 2023 Annuncio • Dec 22
Iridium Communications Inc. Introduces Its Next Generation Satellite IoT Data Service Iridium Communications Inc. announced the service introduction of Iridium Messaging TransportSM (IMTSM), a two-way cloud-native networked data service optimized for use over Iridium Certus and designed to make it easier to add satellite connections to existing or new IoT solutions. IMT provides an IP data transport service unique to the Iridium network, designed for small-to-moderate-sized messages supporting satellite IoT applications. Integrated with Iridium CloudConnect and Amazon Web Services (AWS), the new service can reduce development costs and speed time to market for new Iridium Connected IoT devices. IMT has been highly anticipated by Iridium's partner ecosystem and is currently available for the Iridium Certus 100 service with introduction on Iridium Certus 200, 350 and 700 planned for the first quarter of 2023. As a connectionless messaging service for Iridium CertusTM modules, IMT aligns with current established server-device message constructs using hubs, Pub/Sub or queues, depending on application platforms. The IMT service can be used by a customer application that is 'store and forward' or has small amounts of data traffic that does not require a persistent connection between servers, utilizing an Iridium Certus terminal. Whether it's machine-to-machine (M2M), e-mails, weather updates, transactions, or group communications, IMT enhances two-way messaging to and from anywhere in the world. IMT is utilized with the Iridium CloudConnect model of server-side message processing, regardless of the underlying over-the-air and ground systems technologies and protocols. The Iridium CloudConnect service combines Iridium IoT capabilities with AWS cloud services extending customers' IoT reach to the more than 85 percent of the earth that lacks terrestrial coverage. IMT utilizes industry-standard protocols and technology for managing and delivering messages in the cloud, including MQTT, HTTPS and WebSocket (WSS). This makes IMT an easier, faster, and less expensive protocol to develop with, supporting users with countless advantages to design applications that are scalable and easier to distribute to other platforms. Among the first products built with IMT available are the RockREMOTE by Ground Control and STREAM+ by MetOcean Telematics. The RockREMOTE offers a reliable and flexible solution for industrial IoT applications including oil and gas, mining, utilities and renewables, and transport & cargo. It has a built-in MQTT application that allows developers to submit and receive data payloads across the MQTT protocol. Users can send and receive messages, pictures, to and from anywhere in the world utilizing this IMT implementation over the Iridium Certus 100 service. Also powered by Iridium Certus 100, STREAM+ allows users to send and receive files and messages securely. Designed for field applications with size, weight, and power constraints, STREAM+ offers a range of industry standard protocols, features, and inputs simplifying integration and installation for end users and reducing development costs and overall time to market. Also currently working on IMT service-based solutions are Iridium partners Beam Communications, Blue Sky Network, CLS Group, Globalsat Group, Lars Thrane A/S and Zunibal. Annuncio • Dec 09
Iridium Communications Inc. Announces Quarterly Dividend Program, Payable on March 30, 2023 Iridium Communications Inc. announced that its Board of Directors has initiated a quarterly dividend program and declared the first ever cash dividend on its common stock of $0.13 per share. The dividend is payable on March 30, 2023, to stockholders of record at close of business on March 15, 2023. Iridium intends to pay regular quarterly dividends, with each payment subject to Board approval. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.017 (vs US$0.016 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.017 (up from US$0.016 loss in 3Q 2021). Revenue: US$184.1m (up 14% from 3Q 2021). Net income: US$2.15m (up US$4.23m from 3Q 2021). Profit margin: 1.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 21
Iridium Communications Inc. Provides Financial Guidance for 2022 Iridium Communications Inc. provided financial guidance for 2022. The company expected total service revenue growth between 8% and 9% for full-year 2022. Total service revenue for 2021 was $492.0 million (previous outlook was for total service revenue growth between 7% and 9% for full-year 2022). Annuncio • Sep 30
Iridium Communications Inc. to Report Q3, 2022 Results on Oct 20, 2022 Iridium Communications Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 20, 2022 Annuncio • Sep 09
Iridium Announces Ninth SpaceX Launch Iridium Communications Inc. announced that it has reached an agreement with SpaceX to launch up to five of the company's remaining ground spare satellites from the Iridium® NEXT program, on its Falcon 9 rocket. Known as Iridium-9, the launch is planned to take place at Vandenberg Space Force Base in mid-2023. Earlier this year, Iridium celebrated the 25th anniversary of the first launch in Iridium's history, which also took place from Vandenberg on May 5, 1997. That first ever launch also carried five Iridium satellites to orbit on a Delta II rocket. Iridium-9 will be Iridium's second rideshare with SpaceX. Previously, SpaceX conducted eight Iridium launches between January 2017 and January 2019. These launches delivered 75 satellites to LEO as part of the Iridium NEXT campaign, replacing the company's original satellite constellation. Since completion of the launch campaign in 2019, Iridium has 66 operational satellites, nine on-orbit spares and six additional spares on the ground. Up to five of those six ground spares are planned for launch as part of Iridium-9. All satellites in the upgraded Iridium constellation were built by Thales Alenia Space and carry the Aireon® hosted payload, which provides truly global, real-time surveillance of aircraft around the world. Recent Insider Transactions • Aug 02
Independent Director recently sold €130k worth of stock On the 29th of July, Barry West sold around 3k shares on-market at roughly €43.17 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €342k more than they bought in the last 12 months. Annuncio • Jul 27
Iridium Communications Inc. Revises Revenue Guidance for the Full Year 2022 Iridium Communications Inc. revised revenue guidance for the full year 2022. For the year, the company expected to report total service revenue growth between 7% and 9%, (previous outlook was for total service revenue growth between 5% and 7% for full-year 2022). Total service revenue for 2021 was $492.0 million. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$0.036 (vs US$0.029 in 2Q 2021) Second quarter 2022 results: EPS: US$0.036 (up from US$0.029 in 2Q 2021). Revenue: US$174.9m (up 17% from 2Q 2021). Net income: US$4.56m (up 19% from 2Q 2021). Profit margin: 2.6% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 7.7%, compared to a 1.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 06
Iridium Communications Inc. to Report Q2, 2022 Results on Jul 26, 2022 Iridium Communications Inc. announced that they will report Q2, 2022 results on Jul 26, 2022 Annuncio • May 19
Iridium Communications Inc. Names Kay Sears to Board of Directors Iridium Communications Inc. announced that Kay Sears has been elected to the Iridium Board of Directors, effective May 17, 2022. Sears currently serves as Vice President and General Manager of Autonomous Systems for the Boeing Defense, Space and Security (BDS) unit of The Boeing Company, which she joined in February 2022. Reported Earnings • Apr 20
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$168.2m (up 15% from 1Q 2021). Net income: US$2.82m (up US$8.01m from 1Q 2021). Profit margin: 1.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 2.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 20
Iridium Communications Inc. Reiterates Earnings Guidance for the Full Year 2022 Iridium Communications Inc. reiterated earnings guidance for the full year 2022. Total service revenue growth between 5% and 7% for full-year 2022. Total service revenue for 2021 was $492.0 million. Annuncio • Mar 31
Iridium Communications Inc. to Report Q1, 2022 Results on Apr 19, 2022 Iridium Communications Inc. announced that they will report Q1, 2022 results on Apr 19, 2022 Recent Insider Transactions • Mar 14
Independent Director recently sold €109k worth of stock On the 8th of March, Steven Pfeiffer sold around 3k shares on-market at roughly €36.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €877k more than they bought in the last 12 months. Recent Insider Transactions • Mar 06
Insider recently sold €104k worth of stock On the 25th of February, Henrik Schliemann sold around 3k shares on-market at roughly €34.57 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €781k more than they bought in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.07 loss per share (up from US$0.42 loss in FY 2020). Revenue: US$614.5m (up 5.3% from FY 2020). Net loss: US$9.32m (loss narrowed 83% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.1%, compared to a 2.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Feb 18
Forecast breakeven date pushed back to 2023 The 4 analysts covering Iridium Communications previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$21.4m in 2023. Average annual earnings growth of 103% is required to achieve expected profit on schedule. Annuncio • Feb 18
Iridium Communications Inc. Provides Earnings Guidance for the Full-Year of 2022 Iridium Communications Inc. provided earnings guidance for the full-year of 2022. For the year, the company expects total service revenue growth to be between 5% to 7%. Annuncio • Feb 17
Iridium Communications Inc. Announces Retirement of Steven B. Pfeiffer as Member of the Board of Directors On February 15, 2022, Steven B. Pfeiffer notified the Board of Directors of Iridium Communications Inc. (the Registrant) that he will be retiring as a member of the Board of Directors of the company and therefore will not stand for re-election at the Registrant’s 2022 Annual Meeting of Stockholders to be held in May 2022 (the “Annual Meeting”). Mr. Pfeiffer’s decision not to stand for re-election was not due to any disagreement with the company on any matter relating to the Registrant’s operations, policies or practices. Mr. Pfeiffer’s term as a director will end at the Annual Meeting. Annuncio • Feb 04
Iridium Communications Inc. Announces Executive Changes Iridium Communications Inc. announced that Kathy Morgan has been named its Chief Legal Officer (CLO). Morgan assumed this position effective January 1, 2022, succeeding former CLO Tom Hickey. Previously, she served as Iridium's Vice President of Corporate Law. Morgan joined Iridium in 2008 to assist with the company's corporate development and financing activities that culminated in Iridium's listing as a public company. Annuncio • Jan 28
Iridium Communications Inc. to Report Q4, 2021 Results on Feb 17, 2022 Iridium Communications Inc. announced that they will report Q4, 2021 results on Feb 17, 2022 Reported Earnings • Oct 20
Third quarter 2021 earnings released: US$0.016 loss per share (vs US$0.03 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$162.2m (up 7.1% from 3Q 2020). Net loss: US$2.09m (loss narrowed 48% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 30
Insider recently sold €67k worth of stock On the 26th of July, Bryan Hartin sold around 2k shares on-market at roughly €34.93 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.9m more than they bought in the last 12 months.