Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides other services, such as inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the department of defense's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.
IPO Year:
Exchange: NASDAQ
Website: iridium.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2025 | Mkt Perform → Outperform | William Blair | |
| 1/24/2025 | $40.00 | Overweight | Cantor Fitzgerald |
| 2/16/2024 | $30.00 | Buy → Neutral | BWS Financial |
| 2/15/2024 | Outperform → Mkt Perform | William Blair | |
| 9/18/2023 | $57.00 | Hold → Buy | Deutsche Bank |
| 7/27/2023 | $66.00 → $65.00 | Equal Weight → Overweight | Barclays |
| 6/22/2023 | $61.00 | Hold | Deutsche Bank |
| 10/19/2022 | $48.00 → $45.00 | Overweight → Equal Weight | Barclays |
| 2/22/2022 | $47.00 | Equal Weight → Overweight | Barclays |
| 2/18/2022 | $47.00 → $51.00 | Outperform → Strong Buy | Raymond James |
10-Q - Iridium Communications Inc. (0001418819) (Filer)
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10-K - Iridium Communications Inc. (0001418819) (Filer)
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MCLEAN, Va., April 22, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2025 and reiterated its full-year 2025 outlook. Net income was $30.4 million, or $0.27 per diluted share, for the first quarter of 2025, as compared to net income of $19.7 million, or $0.16 per diluted share, for the first quarter of 2024. Operational EBITDA ("OEBITDA")(1) for the first quarter was $122.1 million, as compared to $115.0 million for the prior-year period, representing a year-over-year increase of 6%.
MCLEAN, Va., March 31, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Tuesday, April 22, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2025 financial results. In advance of the call on April 22, 2025, Iridium will issue its first-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time
MCLEAN, Va., March 12, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) a leading provider of global voice and data satellite communications, today announced a strategic partnership with World Central Kitchen (WCK), an organization dedicated to providing relief to communities experiencing natural, humanitarian, and climate-driven disasters. This collaboration will strengthen WCK's ability to coordinate and deliver food assistance to communities facing crises, including supporting communications for their frontline relief workers and first responders. Founded in 2010, WCK has served over 450 million meals across six continents in response to humanitarian and climate crises.
Utilizing the Iridium Certus 9704 module, Heimdall Power's Neuron device allows grid operators to monitor and manage the grid more effectively MCLEAN, Va., March 11, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications is proud to announce that Heimdall Power, an innovative leader in grid optimization, has adopted Iridium® connectivity for its cutting-edge grid monitoring solutions. By integrating the Iridium Certus™ 9704 module, Heimdall Power's Neuron sensors can now reliably send critical electric power line data, such as temperature, ground clearance, and electric fault localization over the Iridium network f
MCLEAN, Va., Feb. 26, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today announced that Company executives would participate in two investor conferences: The Raymond James 46th Annual Institutional Investors Conference on Monday, March 3, 2025 at 11:35 a.m. ET.The Deutsche Bank 33rd Annual Media, Internet & Telecom Conference on Monday, March 10, 2025 at 4:20 p.m. ET.Presentations from the conferences will be webcast on the Investor Relations section of Iridium's website at htt
Returned a record $469 million to shareholders in 2024MCLEAN, Va., Feb. 13, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2024 and issued its full-year 2025 guidance. Net income was $36.3 million, or $0.32 per diluted share, for the fourth quarter of 2024, as compared to net income of $38.0 million, or $0.30 per diluted share, for the fourth quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $117.1 million, as compared to $114.1 million for the prior-year period, representing a year-over-year increase of 3%.
MCLEAN, Va., Jan. 23, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, February 13, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's fourth-quarter and full year 2024 financial results. In advance of the call on February 13, 2025, Iridium will issue its fourth-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the
MCLEAN, Va., Jan. 2, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today announced that Company executives would participate at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025 at 4:30 p.m. ET. A presentation from the conference will be webcast on the Investor Relations section of Iridium's website at http://investor.iridium.com/events. The webcast will be archived at the same location for seven days. About Iridium Communications Inc.Iridium® is the only mo
MIAMI, Dec. 12, 2024 /PRNewswire/ -- Blynk, the leading Low-Code IoT SaaS platform, has partnered with Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, in support of the new Iridium Certus™ 9704 Development Kit, an end-to-end product evaluation tool for the Iridium Certus 9704 module. This partnership allows engineering teams to jumpstart their projects with Iridium's new hardware using Blynk's powerful IoT platform, creating an ideal environment both for discovery and development of new Iridium satellite-based solutions. Blynk Selected as Iridium's Software Partner for New Satellite IoT Development Kit, Simplifying Global Conn
The new module is supported by the Iridium Certus 9704 Development Kit, and is ideal for data, audio messages and image transfers, while positioning companies as more future ready in anticipation of Satellite AIoT MCLEAN, Va., Dec. 12, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, today launched the Iridium Certus™9704, its newest IoT module, and Iridium Certus 9704 Development Kit. This transformational new module, featuring Iridium Messaging Transport® (IMT®) technology, is the smallest and most powerful created by Iridium, ideal for supporting satellite IoT applications that require real-time data ana
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MCLEAN, Va., Aug. 21, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) today announced that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer and Bryan J. Hartin, 60, Executive Vice President, Sales and Marketing, plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Vincent O'Neill as its new Chief Financial Officer and Timothy Last as the new Executive Vice President, Sales and Marketing, each to be effective January 1, 2025.
William Blair upgraded Iridium Communications from Mkt Perform to Outperform
Cantor Fitzgerald initiated coverage of Iridium Communications with a rating of Overweight and set a new price target of $40.00
BWS Financial downgraded Iridium Communications from Buy to Neutral and set a new price target of $30.00
William Blair downgraded Iridium Communications from Outperform to Mkt Perform
Deutsche Bank upgraded Iridium Communications from Hold to Buy and set a new price target of $57.00
Barclays upgraded Iridium Communications from Equal Weight to Overweight and set a new price target of $65.00 from $66.00 previously
Deutsche Bank initiated coverage of Iridium Communications with a rating of Hold and set a new price target of $61.00
Barclays downgraded Iridium Communications from Overweight to Equal Weight and set a new price target of $45.00 from $48.00 previously
Barclays upgraded Iridium Communications from Equal Weight to Overweight and set a new price target of $47.00
Raymond James upgraded Iridium Communications from Outperform to Strong Buy and set a new price target of $51.00 from $47.00 previously
MCLEAN, Va., April 22, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2025 and reiterated its full-year 2025 outlook. Net income was $30.4 million, or $0.27 per diluted share, for the first quarter of 2025, as compared to net income of $19.7 million, or $0.16 per diluted share, for the first quarter of 2024. Operational EBITDA ("OEBITDA")(1) for the first quarter was $122.1 million, as compared to $115.0 million for the prior-year period, representing a year-over-year increase of 6%.
MCLEAN, Va., March 31, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Tuesday, April 22, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2025 financial results. In advance of the call on April 22, 2025, Iridium will issue its first-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time
Returned a record $469 million to shareholders in 2024MCLEAN, Va., Feb. 13, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2024 and issued its full-year 2025 guidance. Net income was $36.3 million, or $0.32 per diluted share, for the fourth quarter of 2024, as compared to net income of $38.0 million, or $0.30 per diluted share, for the fourth quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $117.1 million, as compared to $114.1 million for the prior-year period, representing a year-over-year increase of 3%.
MCLEAN, Va., Jan. 23, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, February 13, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's fourth-quarter and full year 2024 financial results. In advance of the call on February 13, 2025, Iridium will issue its fourth-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the
MCLEAN, Va., Oct. 17, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook. Net income was $24.4 million, or $0.21 per diluted share, for the third quarter of 2024, as compared to net loss of $1.6 million, or $0.01 per diluted share, for the third quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the third quarter was a record $124.4 million, as compared to $121.3 million for the prior-year period. Net income benefitted from the year-over-year increases in service revenue, engineering and suppor
MCLEAN, Va., Sept. 30, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, October 17, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the Company's third-quarter 2024 financial results. In advance of the call on October 17, 2024, Iridium will issue its third-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 a
MCLEAN, Va., Sept. 19, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, today announced that its Board of Directors has authorized the repurchase of an additional $500 million of Iridium common stock through December 31, 2027. This is the fourth stock repurchase authorization from the Board of Directors in the past four years and brings the total value of the program to $1.5 billion. This $500 million authorization is also the largest ever approved by the Board of Directors, underscoring the strength of Iridium's business.
MCLEAN, Va., July 23, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2024 and reiterated its full-year 2024 outlook. Net income was $32.3 million, or $0.27 per diluted share, for the second quarter of 2024, as compared to net loss of $30.7 million, or $0.24 per diluted share, for the second quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the second quarter was $114.0 million, as compared to $115.8 million for the prior-year period, representing a year-over-year decrease of 2%. Net income primarily benefitted from a year-over-year
MCLEAN, Va., July 2, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Tuesday, July 23, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2024 financial results. In advance of the call on July 23, 2024, Iridium will issue its second-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time to
– Completes acquisition of Satelles, Inc., its first ever acquisition, on April 1 MCLEAN, Va., April 18, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook. Net income was $19.7 million, or $0.16 per diluted share, for the first quarter of 2024, as compared to net income of $9.8 million, or $0.08 per diluted share, for the first quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the first quarter was $115.0 million, as compared to $111.9 million for the prior-year period, representing