Iridium Comm Stock Price, News & Analysis

Iridium Communications Inc. has appointed Kathy Morgan as its new Chief Legal Officer effective January 1, 2022, succeeding Tom Hickey. Morgan, who joined Iridium in 2008, previously served as Vice President of Corporate Law, where she was instrumental in corporate development and SEC matters. CEO Matt Desch expressed confidence in Morgan's leadership abilities to enhance the company's legal operations. Hickey, who held the position for over a decade, highlighted his expertise in evolving the legal team and driving significant initiatives.

Iridium Communications Inc. (Nasdaq: IRDM) will hold a conference call on February 17, 2022 at 8:30 a.m. ET to discuss its fourth-quarter 2021 financial results. Prior to the call, the earnings press release will be available on the company’s investor relations page. Interested participants can join by dialing 1-412-902-6740 and should connect five minutes early. The call will also be webcast live. A replay will be accessible one hour after the call concludes.

Iridium provides a global mobile voice and data satellite communications network.

Iridium Communications announced its role in supporting the U.S. Army Reserve's reactivated Monuments Officers alongside the Virginia Museum of Natural History. This initiative aims to protect cultural heritage sites in Honduras, particularly post-Hurricanes Iota and Eta. Iridium's satellite connectivity was vital, enabling real-time communication and tracking for the archaeological team as they assessed Mayan sites. Dr. Hayden Bassett emphasized Iridium PTT's impact on mission efficiency. This project serves as a proof of concept for future Monuments Officer missions, integrating military and civilian expertise in cultural preservation.

Iridium Communications (NASDAQ: IRDM) has appointed Manjula Sriram as its new Vice President & Chief Information Officer. With over twelve years of experience, Sriram previously served as CIO at The Joint Chiropractic. She will lead Iridium's IT organization, focusing on enhancing information systems to support the company's growth following the successful launch of its second-generation satellite constellation. CFO Tom Fitzpatrick highlighted the importance of strong IT leadership during this phase of expansion.

On December 27, 2021, Iridium Communications Inc. (Nasdaq: IRDM) announced that CEO Matthew Desch will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 2:45 p.m. ET. The presentation will be accessible via a live webcast on Iridium's investor relations website. A recorded replay will be available for 30 days post-conference. Iridium is a global leader in satellite communications, providing crucial voice and data services worldwide. For further details, visit Iridium's website.

Iridium Communications Inc. (Nasdaq: IRDM) announced that CFO Thomas Fitzpatrick will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 9:10 a.m. ET. The presentation will be accessible live through a webcast on Iridium's investor relations website, with a replay available for 30 days after the event. Iridium operates a global satellite communications network, providing reliable connectivity for various markets.

Iridium Communications announces the launch of its Iridium Certus 100 service, offering midband satellite connectivity for maritime, aviation, IoT, and government applications. This service supports small, low-profile antennas and delivers data speeds up to 88 Kbps, enabling two-way communication and high-quality voice services. Over a dozen new partner products are now certified, catering to various markets including autonomous vehicles and remote monitoring. The service provides essential capabilities that have not been previously addressed by other satellite operators.

Iridium Communications reported a net loss of $2.1 million for Q3 2021, an improvement from a $4.0 million loss in Q3 2020. Fiscal highlights include a record Operational EBITDA of $100.2 million, up 7% year-over-year, with total revenue of $162.2 million, reflecting a 7% increase. The company completed Q3 with 1.69 million subscribers, marking an 18% rise from the prior year. Iridium raised its full-year service revenue growth outlook to 5%-6%, anticipating OEBITDA of approximately $375 million. Commercial service remains robust, driven by IoT subscriber growth.

Iridium Communications Inc. (Nasdaq: IRDM) is scheduled to hold a conference call on October 19, 2021, at 8:30 a.m. ET, to discuss its third-quarter 2021 financial results. The earnings press release will be available prior to the call on its investor relations webpage. Participants can join the call by dialing 1-412-902-6740 or through a live webcast via the company's website. A replay will also be accessible shortly after the call concludes.

Iridium operates a global satellite communications network, providing reliable solutions for various markets.