STOCK TITAN

Iridium Communications Inc. - $IRDM STOCK NEWS

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

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.

Rhea-AI Summary
Iridium Communications Inc. (IRDM) reported a net loss of $30.7 million for Q2 2023, driven by a write-off of ground spare satellites. Despite this, operational EBITDA increased by 9% to $115.8 million, with total revenue reaching $193.1 million, representing a 10% increase from the prior year. The company's total billable subscribers grew by 14% year-over-year to 2,140,000, primarily driven by growth in commercial IoT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.64%
Tags
-
Rhea-AI Summary
Iridium Communications Inc. has announced the introduction of its Iridium Certus® aviation commercial service, providing reliable voice and data capabilities for commercial transport aircraft, business aviation, and more. The service offers superior coverage and cost-effective equipment compared to alternative systems. Safety certifications are in progress, with flight trials expected in 2023 and approvals in 2024. Iridium Certus is expected to meet the growing demand for reliable connectivity in the aviation industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
management
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.9%
Tags
none
Iridium Communications Inc.

Nasdaq:IRDM

IRDM Rankings

IRDM Stock Data

3.65B
109.89M
10.65%
85.15%
2.95%
Other Communications Equipment Manufacturing
Manufacturing
Link
United States of America
MCLEAN

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