Core Insights - Iridium Communications Inc. reported a net income of $22.0 million for Q2 2025, down from $32.3 million in Q2 2024, primarily due to a one-time gain from the acquisition of Satelles, Inc. in the previous year [1][2] - Total revenue for Q2 2025 was $216.9 million, an 8% increase compared to the same period in 2024, with service revenue contributing $155.6 million and equipment sales generating $61.3 million [2][3] - The company ended the quarter with 2,483,000 total billable subscribers, reflecting a 3% year-over-year growth, driven mainly by the commercial IoT segment [3][4] Financial Performance - Operational EBITDA for Q2 2025 was $121.3 million, a 6% increase from $114.0 million in Q2 2024 [1][12] - The company’s commercial service revenue was $128.8 million, up 2% from the previous year, while government service revenue grew by 1% to $26.8 million [7][8] - Equipment revenue decreased by 15% to $19.5 million compared to $22.8 million in Q2 2024 [8] Subscriber Metrics - The total billable subscribers increased by 3% year-over-year, with commercial IoT data subscribers representing 82% of the commercial subscriber base [3][24] - Government voice and data subscribers decreased by 22% year-over-year to 49,000, while government IoT data subscribers remained flat [8][24] - Average revenue per user (ARPU) for commercial voice and data was $46, unchanged from the previous year, while IoT data ARPU increased to $7.83 from $7.70 [7][24] Business Highlights - Commercial services accounted for 59% of total revenue, with diverse markets including maritime, aviation, and emergency services [4][5] - The company is progressing on its direct-to-device service and exploring innovative applications for its new PNT service [4] - Iridium's Enhanced Mobile Satellite Services contract with the U.S. Space Force is valued at $738.5 million, providing satellite airtime services for federal government subscribers [6] Capital and Shareholder Returns - Capital expenditures for Q2 2025 were $20.7 million, with gross term loan debt at $1.8 billion [7][9] - The company declared a quarterly dividend of $0.15 per share for Q3 2025, marking a 5.5% increase from the previous year [9][10] - Iridium repurchased approximately 2.6 million shares for $65.0 million, with $295.3 million remaining authorized for repurchase through December 2027 [10] Outlook - The company updated its full-year 2025 service revenue growth outlook to between 3% and 5%, down from the previous guidance of 5% to 7% [11][15] - Full-year 2025 Operational EBITDA is expected to be between $490 million and $500 million [15] - The company aims to maintain net leverage below 4.0 times EBITDA through 2026, targeting a reduction to below 2.0 times by the end of the decade [15]

Core Viewpoint - Iridium Communications Inc. will host a conference call on July 24, 2025, to discuss its second-quarter 2025 financial results, with an earnings press release to be issued prior to the call [1][2]. Company Overview - Iridium Communications Inc. is a leading provider of global voice and data satellite communications, offering a unique mobile network that spans the entire globe [3]. - The company enables real-time connections between people, organizations, and assets, supported by a portfolio of reliable solutions for global communications [3]. - In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location® service, enhancing its service offerings [3]. Conference Call Details - The conference call is scheduled for July 24, 2025, at 8:30 a.m. Eastern Time, with participation available via a dedicated phone line [1]. - A replay of the webcast will be accessible approximately one hour after the call concludes, available on the investor relations section of the company's website [2].

MCLEAN, Va., June 17, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced the appointment of Monique Shivanandan to its Board of Directors, effective today.Shivanandan has served as Group Chief Data & Analytics Officer at HSBC Holdings plc, a multinational financial services company, since May 2023, having previously served as Chief Information Security Officer at HSBC since July 2020. She served as a group Ch ...

The seed round was led by Radicle Growth, with strong ties to the U.S. corn and bio-ethanol industries, based on New Iridium being a finalist in the Corn Value Chain Challenge sponsored by U.S. corn farmers, with significant prior investment from CIRI Ventures, and participation from Evergreen Climate Innovations, and Climate Insiders. "This funding accelerates our mission to build a scalable platform for producing low-cost, sustainable alternatives to fossil-based chemicals," said Dr. Chern-Hooi Lim, Found ...

MCLEAN, Va., May 29, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new partnership with Syniverse, the world's most connected company®, to support the rollout of Iridium NTN DirectSM service with mobile network operators (MNOs) worldwide. Through this partnership, Iridium NTN Direct is integrating with Syniverse's global platform, making it easy for MNOs to keep their customers continuously connected e ...

Core Viewpoint - Iridium Communications (IRDM) shares have increased by approximately 17.3% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1]. Earnings Report Summary - The most recent earnings report is essential for understanding the key drivers behind the stock's performance [1]. Estimates Movement - Fresh estimates for Iridium have remained flat over the past month, indicating no significant changes in expectations [2]. VGM Scores - Iridium has a strong Growth Score of A, but a lower Momentum Score of D, and a middle-range Value Score of C, resulting in an aggregate VGM Score of B, which is relevant for investors not focused on a single strategy [3]. Outlook - The company holds a Zacks Rank of 3 (Hold), suggesting an expectation of an in-line return from the stock in the upcoming months [4].

MCLEAN, Va., May 6, 2025 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced a special U.S. government version of the Iridium® 9603 module built for Enhanced Short Burst Data (ESBD). ESBD is a low-latency and secure messaging service designed to provide optimal transmission security (TRANSEC) for the U.S. government and approved allies. Iridium Satellite Network The ESBD version can act as a drop-in replacemen ...

Shares of Iridium Communications (IRDM) have gained 2.4% over the past four weeks to close the last trading session at $25.17, 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 $38.33 indicates a potential upside of 52.3%.The mean estimate comprises six short-term price targets with a standard deviation of $7.23. While the lowest estimate of $25 indicates a 0.7% decline from the c ...

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