Iridium Communications Management
Management criteria checks 3/4
Iridium Communications' CEO is Matt Desch, appointed in Sep 2006, has a tenure of 18.42 years. total yearly compensation is $9.02M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.73% of the company’s shares, worth $23.83M. The average tenure of the management team and the board of directors is 3.4 years and 14.3 years respectively.
Key information
Matt Desch
Chief executive officer
US$9.0m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 18.4yrs |
| CEO ownership | 0.7% |
| Management average tenure | 3.4yrs |
| Board average tenure | 14.3yrs |
Recent management updates
Recent updates
Iridium Communications Inc.'s (NASDAQ:IRDM) Share Price Not Quite Adding Up
Jan 24
Investors Will Want Iridium Communications' (NASDAQ:IRDM) Growth In ROCE To Persist
Jan 03Iridium: Free Cash Flow And Buybacks Supporting The Stock For Now
Dec 05Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet
Dec 03Iridium Communications: Still A Solid Long-Term Play On Steady Growth
Oct 09Iridium Communications Inc.'s (NASDAQ:IRDM) Shareholders Might Be Looking For Exit
Oct 04Returns At Iridium Communications (NASDAQ:IRDM) Are On The Way Up
Sep 13Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?
Aug 23Iridium Communications Has Come Back Down To Earth
Jul 12Iridium: Facing A Shifting Competitive Landscape
Jul 03Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio
Jun 27Iridium Communications (NASDAQ:IRDM) Is Increasing Its Dividend To $0.14
May 28Iridium Communications (NASDAQ:IRDM) Might Have The Makings Of A Multi-Bagger
May 25Iridium Communications Is A Momentum Buy On Forward Growth Potential
Apr 25Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet
Mar 24Iridium Communications Is Nearing Buy Territory
Feb 26Solid Earnings Reflect Iridium Communications' (NASDAQ:IRDM) Strength As A Business
Feb 22Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio
Feb 05We Like These Underlying Return On Capital Trends At Iridium Communications (NASDAQ:IRDM)
Jan 21Is Iridium Communications Inc. (NASDAQ:IRDM) Potentially Undervalued?
Jan 05Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Dec 04Iridium Communications (NASDAQ:IRDM) Will Be Hoping To Turn Its Returns On Capital Around
Oct 02Is Iridium Communications (NASDAQ:IRDM) Using Too Much Debt?
Sep 05At US$60.97, Is It Time To Put Iridium Communications Inc. (NASDAQ:IRDM) On Your Watch List?
Jul 24Iridium Communications (NASDAQ:IRDM) Has More To Do To Multiply In Value Going Forward
Jun 08Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
May 24Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)
May 05Should You Think About Buying Iridium Communications Inc. (NASDAQ:IRDM) Now?
Apr 17Shareholders Will Be Pleased With The Quality of Iridium Communications' (NASDAQ:IRDM) Earnings
Feb 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$114m |
| Jun 30 2024 | n/a | n/a | US$88m |
| Mar 31 2024 | n/a | n/a | US$25m |
| Dec 31 2023 | US$9m | US$981k | US$15m |
| Sep 30 2023 | n/a | n/a | -US$23m |
| Jun 30 2023 | n/a | n/a | -US$20m |
| Mar 31 2023 | n/a | n/a | US$16m |
| Dec 31 2022 | US$7m | US$952k | US$9m |
| Sep 30 2022 | n/a | n/a | US$4m |
| Jun 30 2022 | n/a | n/a | -US$588k |
| Mar 31 2022 | n/a | n/a | -US$1m |
| Dec 31 2021 | US$5m | US$956k | -US$9m |
| Sep 30 2021 | n/a | n/a | -US$11m |
| Jun 30 2021 | n/a | n/a | -US$13m |
| Mar 31 2021 | n/a | n/a | -US$30m |
| Dec 31 2020 | US$4m | US$957k | -US$56m |
| Sep 30 2020 | n/a | n/a | -US$156m |
| Jun 30 2020 | n/a | n/a | -US$170m |
| Mar 31 2020 | n/a | n/a | -US$178m |
| Dec 31 2019 | US$4m | US$927k | -US$166m |
| Sep 30 2019 | n/a | n/a | -US$68m |
| Jun 30 2019 | n/a | n/a | -US$65m |
| Mar 31 2019 | n/a | n/a | -US$51m |
| Dec 31 2018 | US$3m | US$900k | -US$24m |
Compensation vs Market: Matt's total compensation ($USD9.02M) is above average for companies of similar size in the US market ($USD6.61M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
CEO
Matt Desch (66 yo)
18.4yrs
Tenure
US$9,017,273
Compensation
Mr. Matthew J. Desch, also known as Matt, has been the Chief Executive Officer at Iridium Satellite LLC since September 21, 2006. Mr. Desch has been the Chief Executive Officer of Iridium Communications In...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 18.4yrs | US$9.02m | 0.73% $ 23.8m | |
| COO & Director | 6yrs | US$3.36m | 0.081% $ 2.6m | |
| Executive Vice President of Government Programs | 12.2yrs | US$2.15m | 0.10% $ 3.3m | |
| Chief Financial Officer | less than a year | no data | 0.0087% $ 282.7k | |
| Chief Technical Officer | 3.7yrs | no data | no data | |
| VP & Chief Information Officer | 3.1yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Legal Officer & Company Secretary | 3.1yrs | no data | 0.023% $ 745.5k | |
| Executive Vice President of Sales & Marketing | less than a year | no data | 0.0086% $ 281.0k | |
| Executive Vice President of Positioning | less than a year | no data | no data | |
| President & CEO of Aireon LLC | 13.1yrs | US$1.29m | no data |
3.4yrs
Average Tenure
56yo
Average Age
Experienced Management: IRDM's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 15.4yrs | US$9.02m | 0.73% $ 23.8m | |
| COO & Director | 4.8yrs | US$3.36m | 0.081% $ 2.6m | |
| Independent Director | 3.9yrs | US$272.65k | 0.015% $ 503.8k | |
| Independent Chairman of the Board | 17yrs | US$377.52k | 0.12% $ 3.8m | |
| Director | 11.5yrs | US$3.59m | 0.16% $ 5.2m | |
| Independent Director | 17yrs | US$374.44k | 0.032% $ 1.0m | |
| Member of Government Advisory Board | no data | no data | no data | |
| Independent Director | 15.4yrs | US$327.98k | 0.36% $ 11.7m | |
| Member of Government Advisory Board | no data | no data | no data | |
| Chairman of The Government Advisory Board | no data | no data | no data | |
| Independent Director | 13.2yrs | US$343.26k | 0.0043% $ 141.5k | |
| Member of The Government Advisory Board | no data | no data | no data |
14.3yrs
Average Tenure
68yo
Average Age
Experienced Board: IRDM's board of directors are seasoned and experienced ( 14.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 02:23 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Iridium Communications Inc. is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Mathieu Robilliard | Barclays |
| Hamed Khorsand | BWS Financial Inc. |