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Iridium Communications Inc - IRDM STOCK NEWS

Welcome to our dedicated news page for Iridium Communications (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Communications.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Iridium Communications's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Iridium Communications's position in the market.

News
Iridium Unveils Project Stardust; Developing the Only Truly Global, Standards-Based IoT and Direct-to-Device Service
Rhea-AI Summary
Iridium Communications Inc. (NASDAQ: IRDM) announces Project Stardust, introducing NB-IoT NTN standards into its LEO constellation. The company aims to offer both proprietary and standardized D2D and IoT services to its customers, collaborating with smartphone companies, OEMs, chipmakers, and mobile network operators. Iridium is designing its initial NB-IoT offering to support 5G NTN messaging and SOS capabilities for various consumer applications, providing a superior low-latency LEO user experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
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none
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News
Iridium Launches GMDSS Academy
Rhea-AI Summary
Iridium Communications Inc. (NASDAQ: IRDM) has launched the Iridium Global Maritime Distress and Safety System Academy (GMDSS Academy), offering free curricula specific to GMDSS and related safety services. The Academy aims to ensure maritime students receive the required Iridium GMDSS safety instruction for working aboard SOLAS class vessels, providing a truly global, real-time maritime emergency service with its weather-resilient L-band spectrum. The training packs are available to anyone free-of-charge and can be easily integrated with existing coursework.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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none
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News
Iridium Announces New D2D Direction
Rhea-AI Summary
Iridium Communications Inc. (NASDAQ: IRDM) announces the termination of its agreements with Qualcomm Technologies, Inc. regarding satellite messaging and emergency services in smartphones. Despite the technical success, smartphone manufacturers have not included the technology in their devices, leading to Qualcomm's decision to terminate the agreements. Iridium will now engage directly with smartphone OEMs, chipmakers, and developers for its existing and future service plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.58%
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none
News
Iridium Celebrates 25 Years of Innovation, Transformation and Global Connectivity
Rhea-AI Summary
Iridium Communications Inc. celebrates its 25th anniversary, highlighting its legacy of innovation and global satellite connectivity. The company has surpassed 2 million subscribers with a five-year compound annual growth rate (CAGR) of over 15.5%. Investors have been rewarded with a $1 billion share buyback program and quarterly dividends. Iridium remains committed to innovation and global connectivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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News
Iridium Announces Third-Quarter 2023 Results; Reports Record Operational EBITDA; Updates Guidance
Rhea-AI Summary
Iridium Communications Inc. reports Q3 2023 financial results, with a net loss of $1.6 million. Operational EBITDA for the quarter was $121.3 million, a 12% YoY increase. Total revenue increased 7% YoY to $197.6 million. The company ended the quarter with 2,236,000 total billable subscribers, a 13% YoY growth. Full-year 2023 outlook includes total service revenue growth of approximately 10% and OEBITDA of $460 million to $465 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.12%
Tags
earnings
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Iridium to Participate in Fall Investor Conferences
Rhea-AI Summary
Iridium Communications Inc. executives to participate in fall investor conferences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
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conferences
News
Iridium Announces Release Date for Third-Quarter 2023 Financial Results
Rhea-AI Summary
Iridium Communications Inc. will host a conference call on October 19, 2023, to discuss its third-quarter 2023 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
earnings
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News
DISA and U.S. Space Force Award Iridium PLEO Satellite-Based Services Contract
Rhea-AI Summary
Iridium Communications awarded 5-year contract by U.S. Space Force for Iridium Certus services, including terminals and broadband capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
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News
Iridium Provides Global Connectivity for XCMG Heavy Equipment
Rhea-AI Summary
Iridium Communications Inc. announced that Xuzhou Construction Machinery Group (XCMG) will deploy Iridium IoT services on its global fleet of heavy equipment. XCMG will use Iridium Edge, a satellite IoT terminal, to maintain connectivity in strategic locations. As of Q2 2023, Iridium's commercial IoT subscribers grew by 19% from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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News
Iridium Board of Directors Approves Additional $400 Million Share Repurchase Program; Authorizations Now Total $1 Billion
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
buyback management
Stock IRDM logo
Iridium Communications Inc

Nasdaq:IRDM

IRDM Rankings

#1370 Ranked by Market Cap
#3862 Ranked by Stock Gains
#1543 Ranked by Dividends

IRDM Stock Data

3.00B
109.89M
10.65%
85.15%
2.95%
Other Communications Equipment Manufacturing
Manufacturing
Link
US
Mc Lean

About IRDM

iridium communications inc. is the only mobile satellite service (mss) company offering pole-to-pole coverage over the entire globe. the iridium constellation of low-earth orbiting (leo), cross-linked satellites provides critical voice and data services for areas not served by terrestrial communication networks. iridium's subscriber growth has been driven by increasing demand for reliable, secure, global communications. iridium serves commercial markets through a worldwide network of hundreds of distributors, and provides services to the u.s. department of defense, and other u.s. and international government agencies. the company's worldwide customer base represent a broad spectrum of industry, including maritime, aeronautical, government/defense, public safety, utilities, oil/gas, mining, forestry, heavy equipment and transportation. iridium is in the planning and development phase for its next-generation satellite constellation, iridium next, which will begin launching and 2015 and r