MCLEAN, Va., June 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced it has been awarded a new five- year contract by the United States Space Force's Space Systems Command's Commercial Space Office (COMSO) for Enhanced Mobile Satellite Services (EMSS) capabilities and security sustainment services (ECS3). In support of the Iridium EMSS program, the ECS3 contract will ensure continued optimal operations of ...

Iridium partner American Aerospace received FAA approval for BVLOS drone operations on behalf of a recently announced oil and gas industry customer, based on proven Detect and Avoid aircraft right of way capability MCLEAN, Va., May 15, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced a historic development for uncrewed aerial systems (UAS) operations beyond visual line of sight (BVLOS). Iridium partner Amer ...

Iridium Communications (IRDM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this satellite phone company have returned +18.3%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Satellite and Communication industry, which Iridium falls in, has gained 13.7%. The key question now is: What could be the stock's futu ...

(Kitco News) - The industrial demand for iridium and ruthenium is outstripping mined supply, pushing the need for recycling, says Green Rush host Matt Watson.On April 24, Watson recorded an episode of Green Rush with Steven Hazelbaker, COO of Furuya Metals America, a PGM manufacturer and recycler. The topic was the platinum group metals - iridium and ruthenium - and the hydrogen economy. Watson kicked off the discussion with a chart showing that iridium and ruthenium represent a relatively small part of the ...

Iridium Communications, Inc. (NASDAQ:IRDM) Q1 2024 Earnings Conference Call April 18, 2024 8:30 AM ET Company Participants Kenneth Levy - VP, IR Matthew Desch - CEO Thomas Fitzpatrick - CFO Conference Call Participants Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Walter Piecyk - LightShed Chris Quilty - Quilty Space Hamed Khorsand - BWS Financial Louie DiPalma - William Blair Operator Good morning, and welcome to the Iridium Communications First Quarter 2024 Earnings Conference Call. All par ...

For the quarter ended March 2024, Iridium Communications (IRDM) reported revenue of $203.85 million, down 0.7% over the same period last year. EPS came in at $0.16, compared to $0.08 in the year-ago quarter.The reported revenue represents a surprise of +3.58% over the Zacks Consensus Estimate of $196.81 million. With the consensus EPS estimate being $0.16, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Iridium Communications (IRDM) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this satellite phone company would post earnings of $0.03 per share when it actually produced earnings of $0.30, delivering a surprise of 900%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Iridium, w ...

In March 2024 and 2023, the Company granted approximately 461,000 and 193,000 annual incentive, performance-based RSUs, respectively, to the Company's executives and employees (the "Bonus RSUs"), with an estimated grant date fair value of $13.7 million and $11.9 million, respectively. Vesting of the Bonus RSUs is dependent upon the Company's achievement of defined performance goals over the respective fiscal year. The Company records stock-based compensation expense related to performance-based RSUs when it ...

–        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 dil ...

Investor Contact: Press Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 ken.levy@iridium.com Commercial service remained the largest part of Iridium's business, representing 60% of the Company's total revenue during the first quarter. The Company's commercial customer base is diverse and includes markets such as maritime, aviation, oil and gas, mining, recreation, forestry, construction, transportation and emergency services. These customers rely on Iridium's products and services as cri ...