Investor Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 [email protected] Press Contact: About Iridium Communications Inc. Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly glob ...

Core Insights - Iridium Communications Inc. has formed a strategic partnership with World Central Kitchen (WCK) to enhance food assistance coordination during crises [1][4] - The collaboration aims to address communication challenges faced by WCK in disaster situations, where local infrastructure is often compromised [2][4] - WCK has served over 450 million meals globally since its founding in 2010, responding to various humanitarian and climate crises [1][7] Company Overview - Iridium Communications Inc. operates a global voice and data satellite communications network, providing reliable connectivity in remote and challenging environments [5] - The company’s satellite network is known for its weather resilience and ability to maintain communication even when local telecom infrastructure is disrupted [4][5] - Iridium's services are preferred by many UN agencies and NGOs for mission-critical communications [4] Partnership Details - The partnership will provide WCK with several Iridium devices, including Iridium GO! exec®, Iridium GO!®, and Iridium Extreme® PTT, enabling real-time communication for relief efforts [3][4] - WCK's leadership and on-site staff will utilize these devices for voice calls, messaging, email, and secure group communication from anywhere in the world [3][4] - The collaboration is expected to enhance WCK's operational efficiency in delivering meals to communities in need during disasters [4][8]

Utilizing the Iridium Certus 9704 module, Heimdall Power's Neuron device allows grid operators to monitor and manage the grid more effectivelyMCLEAN, 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 ...

Shares of Iridium Communications (IRDM) have gained 5.2% over the past four weeks to close the last trading session at $30.04, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $40.83 indicates a potential upside of 35.9%.The average comprises six short-term price targets ranging from a low of $30 to a high of $49, with a standard deviation of $6.37. While the lowest estimate indi ...

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 ...

Core Viewpoint - Iridium Communications (IRDM) has shown a significant price increase of 12.3% over the past four weeks, with a mean price target of $40.50 indicating a potential upside of 28% from the current price of $31.63 [1] Price Targets - The average price target consists of six short-term estimates ranging from a low of $30 to a high of $50, with a standard deviation of $6.75, indicating variability among analysts [2] - The lowest estimate suggests a decline of 5.2%, while the highest points to a potential upside of 58.1% [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have recently shown increased optimism about IRDM's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher [9] - Over the last 30 days, three estimates have been revised upward, leading to a 1% increase in the Zacks Consensus Estimate [10] - IRDM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [11] Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be prudent, as empirical research indicates that such targets often mislead investors [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

Core Viewpoint - Iridium Communications (IRDM) reported strong fourth-quarter earnings for 2024, exceeding expectations in both earnings per share and revenue growth, driven by robust performance across its service, subscriber equipment, and engineering segments [1][2][5]. Financial Performance - Earnings per share (EPS) for Q4 2024 was 32 cents, surpassing the Zacks Consensus Estimate by 94% and up from 30 cents in the previous quarter [1] - Quarterly revenues reached $213 million, a 9% increase year-over-year, exceeding the Zacks Consensus Estimate of $203.8 million [2] - Total service revenues grew 4% year-over-year to $154 million, contributing 72% to total revenues [3] - Subscriber equipment revenues surged 38% year-over-year to $21.6 million, recovering from previous supply chain challenges [4] - Engineering and support revenues increased by 20% to $37.4 million, supported by new contracts and collaboration with the Space Development Agency [5] Subscriber Growth - As of December 31, 2024, the company had 2,460,000 billable subscribers, an 8% increase from the previous year, with commercial IoT subscribers growing by 10% to 1.89 million [7] Operating Metrics - Total operating expenses were $160.9 million, up from $148.4 million in the prior-year quarter, primarily due to increased selling, general and administrative, and research and development costs [6] - Operational EBITDA (OEBITDA) rose 3% year-over-year to $117.1 million, with operating income at $52.1 million compared to $46.3 million in the previous year [6] Liquidity and Share Repurchase - As of December 31, 2024, total cash and cash equivalents were $93.5 million, with net debt of $1.7 billion [10] - In Q4 2024, the company repurchased 4.1 million shares for $121.9 million, with an additional $500 million share repurchase program authorized through December 31, 2027 [10] Future Guidance - For 2025, Iridium expects service revenue growth between 5% and 7%, with OEBITDA projected to be between $490 million and $500 million, up from $470.6 million in 2024 [11]

February 13th ended up being an excellent day for shareholders of satellite company Iridium Communications Inc. (NASDAQ: IRDM ). Shares of the business skyrocketed around 15% after news broke that management announced financial results for the finalCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account ...

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Iridium Communications Inc. (NASDAQ:IRDM) Q4 2024 Results Conference Call February 13, 2025 8:30 AM ET Company Participants Ken Levy - Vice President, Investor Relations Matt Desch - Chief Executive Officer of Iridium Communications Inc. Vincent O'Neill - CFO Conference Call Participants Edison Yu - Deutsche Bank Simon Flannery - Morgan Stanley Chris Quilty - Quilty Space Ric Prentiss - Raymond James Hamed Khorsand - BWS Colin Canfield - Cantor Walter Piecyk - LightShed Ventures Greg Mesniaeff - Kingswood C ...