Aankondiging • May 16
Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreementto acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million. Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreement to acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million on May 13, 2026. The total purchase price of approximately $366.7 million will be paid 50% at closing and 50% on the one-year anniversary. Iridium will also assume Aireon's outstanding debt, expected to be approximately $155 million at closing. At Closing, Iridium will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide IIridium with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price. The loan will be secured by a first-priority lien on the equity interests of Aireon and other intermediate holding company entities.
The Closing is subject to customary conditions, including the accuracy of representations and warranties, performance of covenants, and receipt of required regulatory approvals including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is targeted to close in early July. The acquisition of Aireon is accretive to Iridium's growth outlook; over the past three years, Aireon's total revenue has grown at a compound annual growth rate (CAGR) of 10%. Iridium expects the acquisition will result in at least an additional consolidated $100 million of service revenue and $30 million of OEBITDA on an annualized basis.
Evercore Inc. acted as financial advisor for Iridium Communications Inc. Josh Holleman of Cooley LLP acted as legal advisor for Iridium Communications Inc. Milbank LLP acted as legal advisor for Iridium Communications Inc. PJT Partners LP acted as financial advisor for Aireon LLC. Steven Kaufman, Joseph Gilligan and Gabrielle Witt of Hogan Lovells US LLP acted as legal advisor for Aireon LLC. RBC Capital Markets, LLC acted as financial advisor for NAV CANADA. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for NAV CANADA. Aankondiging • 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%. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: US$0.20 (vs US$0.28 in 1Q 2025) First quarter 2026 results: EPS: US$0.20 (down from US$0.28 in 1Q 2025). Revenue: US$219.1m (up 1.9% from 1Q 2025). Net income: US$21.6m (down 29% from 1Q 2025). Profit margin: 9.9% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Italy. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €34.50, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Telecom industry in Italy. Aankondiging • Apr 04
Iridium Communications Inc., Annual General Meeting, May 20, 2026 Iridium Communications Inc., Annual General Meeting, May 20, 2026. Aankondiging • 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 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €25.98, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Telecom industry in Italy. Aankondiging • 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. Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: US$1.07 (vs US$0.95 in FY 2024) Full year 2025 results: EPS: US$1.07 (up from US$0.95 in FY 2024). Revenue: US$871.7m (up 4.9% from FY 2024). Net income: US$114.4m (up 1.4% from FY 2024). Profit margin: 13% (in line with FY 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Italy. New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (7.2% average weekly change). Aankondiging • 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. New Risk • Jan 28
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €325k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Significant insider selling over the past 3 months (€325k sold). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €18.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Telecom industry in Italy. Aankondiging • 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 Board Change • Jan 05
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 Kay Sears was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Dec 08
Dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 12th December 2025 Payment date: 31st December 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Recent Insider Transactions • Oct 31
Independent Chairman of the Board recently bought €450k worth of stock On the 28th of October, Robert Niehaus bought around 30k shares on-market at roughly €15.00 per share. This transaction amounted to 22% 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 Robert's only on-market trade for the last 12 months. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: US$0.35 (vs US$0.21 in 3Q 2024) Third quarter 2025 results: EPS: US$0.35 (up from US$0.21 in 3Q 2024). Revenue: US$226.9m (up 6.7% from 3Q 2024). Net income: US$37.1m (up 52% from 3Q 2024). Profit margin: 16% (up from 12% in 3Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Italy. Aankondiging • 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). Aankondiging • 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 Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €16.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Telecom industry in Italy. New Risk • Sep 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: US$0.20 (vs US$0.27 in 2Q 2024) Second quarter 2025 results: EPS: US$0.20 (down from US$0.27 in 2Q 2024). Revenue: US$216.9m (up 7.9% from 2Q 2024). Net income: US$22.0m (down 32% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Italy. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €22.24, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Telecom industry in Italy. Board Change • Jul 09
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 Kay Sears was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • 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 Aankondiging • 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. Board Change • Jun 09
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 Kay Sears was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 07
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. Aankondiging • 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.