Welcome to our dedicated page for Iridium Comm news (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Comm stock.
Iridium Communications Inc. (NASDAQ: IRDM) delivers essential mobile satellite services through its unique low Earth orbit constellation, enabling global voice and data connectivity where terrestrial networks fail. This news hub provides investors and industry professionals with direct access to verified corporate developments and strategic updates.
Track all official announcements including quarterly earnings, technology partnerships, and regulatory milestones. Our curated collection simplifies monitoring IRDM's progress in critical markets like defense communications, maritime safety systems, and IoT-enabled industrial solutions.
Discover updates on the company's satellite network enhancements, government contract renewals, and emerging applications of its cross-linked LEO architecture. Each release is vetted for relevance to long-term growth drivers in global connectivity markets.
Bookmark this page for streamlined access to IRDM's evolving role in secure satellite communications. Check regularly for authoritative updates on network reliability improvements and new service deployments across remote operational environments.
Iridium Communications reported its Q1 2021 financial results, showing a net loss of $5.2 million, significantly improved from a $31.7 million loss in Q1 2020. Revenue totaled $146.5 million, with service revenue flat at $116.2 million. Total billable subscribers rose 14% year-over-year to 1.52 million, driven by IoT growth. Operational EBITDA was $89.8 million, down 2% year-over-year. The company reiterated its 2021 outlook, expecting service revenue growth of approximately 3% and OEBITDA between $365 million and $375 million. Iridium repurchased 1.6 million shares, reflecting confidence in future performance.
Iridium Communications Inc. (NASDAQ: IRDM) announced that the Indonesian government has deployed 500 Iridium Push-to-Talk (PTT) devices to enhance real-time satellite communications across its vast archipelago. This decision addresses the challenges posed by Indonesia's geography, enabling effective communication for emergency services, especially during natural disasters. The Icom IC-SAT100 devices utilized offer reliable one-to-many communication and are designed for rugged use, ensuring government personnel remain connected in remote areas. This deployment is a significant step in bridging connectivity gaps.
Iridium Communications Inc. (Nasdaq: IRDM) will host a conference call on April 20, 2021, at 8:30 a.m. ET to discuss its first-quarter 2021 financial results. The earnings press release will be available on the company’s website prior to the call. Interested participants can join the call by dialing 1-412-902-6740 or via the webcast. Iridium operates a global mobile voice and data satellite communications network, providing reliable solutions for various markets. The company recently completed a significant satellite network upgrade and launched the Iridium Certus® broadband service.
Iridium Communications has appointed Tony Frazier to its Board of Directors effective March 9, 2021. Frazier, currently Executive VP at Maxar Technologies, brings extensive experience in the satellite and data analytics sectors. His leadership roles at DigitalGlobe and Cisco Systems complement his skills in business development and services delivery. CEO Matt Desch emphasized the value of Frazier's expertise in guiding Iridium's growth and strategic direction, particularly as the company is positioned for strong cash flow generation following its financial transformation.
Iridium Communications Inc. (Nasdaq: IRDM) announced participation in two investor conferences in March 2021. The first is the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 10:00 a.m. ET. The second event is the Deutsche Bank 29th Annual Media, Internet & Telecom Conference on March 8, 2021, at 2:00 p.m. ET. Both presentations will be webcast and archived on their Investor Relations website for seven days.
Iridium Communications (Nasdaq: IRDM) reported Q4 2020 results, showing a net loss of $7.9 million, a significant improvement from $107.9 million in Q4 2019. Total revenue was $146.5 million, a 5% increase year-over-year, with service revenue contributing $116.9 million. The company ended with 1.476 million subscribers, up 14% from the previous year. For 2021, Iridium projects 3% service revenue growth and estimates OEBITDA between $365 million and $375 million. A new share repurchase program of up to $300 million was also announced.
Iridium Communications Inc. (Nasdaq: IRDM) has authorized a share repurchase program for up to $300 million of its common stock, effective through December 31, 2022. This initiative aims to enhance shareholder value while adhering to long-term deleveraging targets. CEO Matt Desch highlighted a significant financial transformation, noting the shift from capital-intensive operations to strong free cash flow generation. The repurchases will be opportunistic, occurring in the open market or through negotiated transactions. Further details will be shared in the upcoming earnings conference call.
Iridium Communications (NASDAQ:IRDM) announced the addition of Kyoritsu Radio Service as an Iridium Certus service provider, with distribution support from Furuno Electric. This partnership aims to enhance connectivity solutions for maritime industries, providing global coverage and industry-leading L-band speeds. Kyoritsu, a long-standing Iridium partner, will expand its offerings to include Iridium Certus services, which are critical for cargo ships, fishing vessels, and more. The move reflects Iridium's ongoing commitment to delivering reliable satellite communication solutions.
Iridium Communications Inc. (Nasdaq: IRDM) will hold a conference call on February 11, 2021, at 8:30 a.m. ET to discuss its fourth-quarter 2020 financial results. A press release detailing these results will be issued prior to the call, available at www.iridium.com. Participants can join by calling 1-412-902-6740 and should dial in five minutes early. A webcast will also be available. Iridium operates a global satellite communications network, having completed a significant upgrade and launched the Iridium Certus broadband service in 2019.
Iridium Communications Inc. (NASDAQ: IRDM) has launched the Iridium Edge Solar, a solar-powered device for asset tracking and management, enhancing its IoT portfolio. The device supports Vessel Monitoring Systems, freight tracking, and includes Bluetooth Low Energy (BLE) for custom sensor integration. Notably, it is designed with military-grade ruggedization and a dual-power system to ensure reliability. Iridium reported a 20% increase in commercial IoT subscribers year-over-year, reaching 924,000 customers as of Q3 2020. The device offers up to 10 years of maintenance-free operation globally.
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