Iridium Communications (IRDM 11.27%) stock soared 11.1% through 12:05 p.m. ET Tuesday after the company reported a big earnings beat despite missing slightly on sales this morning. Iridium earnings were terrific, not only beating estimates but reversing the company's year-ago loss of $0.24 per share. True, the company explained that "net income primarily benefited from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company's satellites an ...

This quarterly report represents an earnings surprise of 42.11%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise. Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $201.07 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $193.11 million. The company has topped cons ...

• geographic market expansion through the ability to offer our services in additional countries. Nonetheless, we face a number of challenges and uncertainties in operating our business, including: 21 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------|---------|-------------------------------|-------|---------------|------------------|----------------------------------------|--------------------------------------- ...

FOR RELEASE Tuesday, July 23, 2024 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 Iridium Announces Second-Quarter 2024 Results MCLEAN, Va. – July 23, 2024 – 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 reiterate ...

SOURCE 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 global communications. In 2024, Iridium acquired Satelles, Inc. and announced the Iridium Satellite Time and Loca ...

Iridium Communications (IRDM) is slated to release second-quarter 2024 results on Jul 23. IRDM's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing in two quarters. It matched the estimate in the remaining quarter with the average earnings surprise being a negative 33.3%. Iridium's second-quarter performance is likely to have gained momentum in the Service segment's revenues and increasing subscriber base. Service revenues contributed 73% to total revenues in the f ...

MCLEAN, Va., July 10, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that for a second time, its Tempe, Arizona facility has received the James S. Cogswell Outstanding Industrial Security Achievement Award. A distinction presented by the Defense Counterintelligence and Security Association (DCSA) during the annual Society of Industrial Security Professionals (NCMS) training seminar, the award honors compa ...

| --- | --- | --- | --- | |---------------------------------------------|-------|-------|-------| | | | | | | Kenneth Levy | | | | | Iridium Communications Inc. | | | | | +1 (703) 287-7570 | | | | | [email protected] | | | | | Press Contact: | | | | | Jordan Hassin Iridium Communications Inc. | | | | | +1 (703) 287-7421 | | | | | [email protected] | | | | | | | | | MCLEAN, Va., July 2, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data sa ...

Increased international demand from partners to accelerate market adoption worldwide "We're cognizant of the threats facing GNSS-reliant critical infrastructure around the world and our responsibility to deploy the antidote as quickly as possible," said Iridium CEO, Matt Desch. "The average person is more and more aware of how important systems like GPS are in our day-to-day lives, and when Iridium recently acquired Satelles, I pledged to step on the gas and expand market availability for this increasingly ...

In April 2024, it inked a five-year commercial contract with L3Harris Technologies, wherein Iridium Satellite Time and Location service will be leveraged in more than 36 L3Harris-operated communications network backbone nodes and Federal Aviation Administration facilities across the United States. Iridium Communications (IRDM) recently signed a five-year contract with the United States Space Force's Space Systems Command's Commercial Space Office. The multi-faceted contract is for Enhanced Mobile Satellite ...