Iridium Communications Full Year 2024 Earnings: Beats Expectations

Iridium Communications (NASDAQ:IRDM) Full Year 2024 Results

Key Financial Results

• Revenue: US$830.7m (up 5.1% from FY 2023).
• Net income: US$112.8m (up by US$97.4m from FY 2023).
• Profit margin: 14% (up from 1.9% in FY 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$0.95 (up from US$0.12 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Iridium Communications Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are up 12% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Iridium Communications.

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