Iridium(IRDM)

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Iridium to Participate in the Oppenheimer 28th Annual Technology, Internet & Communications Conference
Prnewswire· 2025-08-07 17:18
MCLEAN, Va., Aug. 7, 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 the upcoming conference: The Oppenheimer 28th Annual Technology, Internet & Communications. Conference on Tuesday, August 12, 2025 at 12:25 p.m. ET.The presentation from the conference will be webcast on the Investor Relations section of Iridium's website at http://investor.iridium. ...
Iridium Falls 22% on Q2 Earnings Miss & Lowered View, Revenues Up Y/Y
ZACKS· 2025-07-25 14:50
Key Takeaways IRDM reported Q2 EPS of $0.20, down from $0.27, due to last year's one-time $19.8M gain not recurring.Q2 revenue grew 8% to $216.9M, beating estimates, led by gains in service, equipment and engineering.IRDM cut 2025 service revenue growth view to 3-5% amid subscriber losses and PNT revenue delay.Iridium Communications ((IRDM) reported earnings per share (EPS) of 20 cents for the second quarter of 2025, missing the Zacks Consensus Estimate by 13%. The bottom line compared unfavorably with the ...
Iridium Communications (IRDM) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2025-07-25 14:41
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Sc ...
After Plunging 14.4% in 4 Weeks, Here's Why the Trend Might Reverse for Iridium (IRDM)
ZACKS· 2025-07-25 14:35
Iridium Communications (IRDM) has been beaten down lately with too much selling pressure. While the stock has lost 14.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and ch ...
Compared to Estimates, Iridium (IRDM) Q2 Earnings: A Look at Key Metrics
ZACKS· 2025-07-24 18:30
For the quarter ended June 2025, Iridium Communications (IRDM) reported revenue of $216.91 million, up 7.9% over the same period last year. EPS came in at $0.20, compared to $0.27 in the year-ago quarter.The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $214.59 million. With the consensus EPS estimate being $0.23, the EPS surprise was -13.04%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...
Iridium(IRDM) - 2025 Q2 - Earnings Call Transcript
2025-07-24 13:32
Iridium Communications (IRDM) Q2 2025 Earnings Call July 24, 2025 08:30 AM ET Company ParticipantsKenneth Levy - VP - IRMatthew Desch - CEOVincent O’Neill - CFORic Prentiss - Managing DirectorChris Quilty - Co-CEO & PresidentColin Canfield - DirectorJustin Lang - VP - Aerospace & Defense Equity ResearchConference Call ParticipantsWalter Piecyk - Partner & TMT AnalystTimothy Horan - MD, Senior AnalystGreg Mesniaeff - Research AnalystMathieu Robilliard - AnalystOperatorDay, and welcome to the Iridium Communic ...
Iridium(IRDM) - 2025 Q2 - Earnings Call Transcript
2025-07-24 13:30
Financial Data and Key Metrics Changes - Operational EBITDA increased by 6% in Q2 to $121.3 million, driven by revenue from engineering and support and recurring services [22] - Service revenue rose by 2% to $128.8 million, led by growth in IoT [22] - Commercial IoT revenue totaled $44.8 million in Q2, up 8% from the previous year [22] - Subscriber equipment sales decreased by 15% to $19.5 million [25] - The company updated its full-year service revenue growth guidance from 5%-7% to between 3% and 5% [26] Business Line Data and Key Metrics Changes - Voice and data revenue rose by 1% to $56.8 million, with subscriber numbers remaining consistent [22] - Commercial broadband revenue declined by 6% to $12.7 million due to a shift from primary service to companion backup plans [23] - Engineering and support revenue increased significantly to $41.9 million, reflecting growing work with the Space Development Agency [25] Market Data and Key Metrics Changes - Government service revenue modestly increased to $26.8 million, reflecting a step-up in EMSS contracts with the U.S. Government [24] - The maritime broadband business is transitioning to a companion service, impacting service revenue growth [6][26] Company Strategy and Development Direction - The company aims to achieve $1 billion in service revenue by 2030, focusing on investments in D2D, PNT, IoT, and government sectors [8][29] - New products like Iridium Certus IoT and NTN Direct are seen as core pillars for future growth [8][12] - The company is expanding its partner ecosystem, adding nearly 50 new business relationships since the start of 2025 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth despite short-term adjustments in service revenue guidance [29] - The company is optimistic about the demand for PNT services, especially in light of vulnerabilities in GPS systems [11][28] - Management noted that capital expenditures will reach approximately $90 million this year, focusing on satellite software and cloud-based infrastructure [12][31] Other Important Information - The company plans to relocate its headquarters about three blocks away to accommodate growth [71] - A quarterly dividend payment of $0.14 per share was made, with an increase to $0.15 per share expected in Q3 [31] Q&A Session Summary Question: Service revenue reduction guidance and ARPU stabilization - Management indicated that broadband is less than 10% of the business and will remain a solid foundation despite ARPU pressures [38][39] Question: Timing of PNT revenue - Management noted that some PNT revenue slipped into next year but remains optimistic about future growth [42][43] Question: FAA issues and opportunities - Management is monitoring FAA developments and believes there is a significant opportunity for Aireon services in the future [45] Question: IoT data line growth and acceleration - Management expressed confidence in double-digit growth for IoT in the second half of the year, citing new product developments [52][56] Question: Partnership with Amazon constellation - Management emphasized that growth in the commercial space relies on new services and partnerships, particularly in IoT and autonomous systems [104][106]
Iridium Communications (IRDM) Lags Q2 Earnings Estimates
ZACKS· 2025-07-24 13:16
Core Insights - Iridium Communications reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.23 per share, and down from $0.27 per share a year ago, representing an earnings surprise of -13.04% [1] - The company posted revenues of $216.91 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.08% and up from $201.07 million year-over-year [2] - Iridium has outperformed the S&P 500 with an 11.8% gain since the beginning of the year compared to the S&P 500's 8.1% gain [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.29 on revenues of $224.34 million, and for the current fiscal year, it is $1.04 on revenues of $876.34 million [7] - The estimate revisions trend for Iridium was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Satellite and Communication industry is currently in the top 39% of Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by a factor of more than 2 to 1 [8] - Another company in the same industry, Globalstar, is expected to report a quarterly loss of $0.09 per share, with revenues projected at $62.67 million, reflecting a year-over-year increase of 3.8% [9]
Iridium(IRDM) - 2025 Q2 - Quarterly Report
2025-07-24 11:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33963 Iridium Communications Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) DE 26-13449 ...
Iridium(IRDM) - 2025 Q2 - Quarterly Results
2025-07-24 11:04
FOR RELEASE Thursday, July 24, 2025 Investor Contact: Press Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 ken.levy@iridium.com Jordan Hassin Iridium Communications Inc. +1 (703) 287-7421 jordan.hassin@iridium.com "We're making great progress on our direct-to-device service with testing now underway and are also finding exciting, innovative applications for our new PNT service," said Matt Desch, CEO, Iridium. Desch added, "I'm pleased that the Board approved an increase to our September ...