Core Viewpoint - Iridium Communications Inc. has launched Iridium Certus® GMDSS, a significant advancement in maritime safety and communication, integrating various safety services into a single solution [1][4]. Group 1: Product Features - Iridium Certus GMDSS includes distress alert, safety voice, Maritime Safety Information (MSI), Long Range Identification and Tracking (LRIT), and Ship Security Alert System (SSAS) [1][2]. - The system is designed to provide global safety services, including in polar regions, with lightweight, maintenance-free equipment that is easy to install and transport [3][5]. - The GMDSS service ensures ships can send distress communications and receive safety information promptly, enhancing emergency response capabilities [4]. Group 2: Industry Impact - The introduction of Iridium Certus GMDSS aims to break existing monopolies in maritime safety services, offering a more innovative and efficient solution [4]. - The solution is positioned as a versatile communication tool for fleets, supporting both GEO and LEO broadband providers, thus enhancing operational continuity [4][5]. - Iridium Certus GMDSS is expected to simplify maritime communications while ensuring compliance with safety regulations, addressing the evolving challenges in the maritime industry [5]. Group 3: Partnerships and Market Position - Leading equipment manufacturers such as Cobham Satcom, Intellian, Lars Thrane, and Thales are set to introduce Iridium Certus GMDSS solutions in the coming months [2]. - The system is designed to meet the requirements mandated for all SOLAS-class ships by the International Maritime Organization (IMO), reinforcing its market relevance [4]. Group 4: Company Overview - Iridium Communications Inc. operates the only mobile voice and data satellite communications network that provides global coverage, facilitating real-time connections [6]. - The company has expanded its offerings with the acquisition of Satelles, Inc. and the introduction of the Iridium Satellite Time and Location service [6].

STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- RaySearch Laboratories AB (publ) is pleased to announce that Iridium Network in Belgium has treated its first patient using RaySearch's oncology information system RayCare®* together with a Varian TrueBeam®** linear accelerator. The treatment was successfully carried out on September 2, 2024. Since its establishment in 2006, Iridium Network has grown to become the largest radiotherapy network in Belgium, providing highly specialized radiation oncology for three hospi ...

It has been about a month since the last earnings report for Iridium Communications (IRDM) . Shares have added about 1.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Iridium due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Iridium Q2 Earnings Beat Estimates Ir ...

MCLEAN, Va., Aug. 21, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer and Bryan J. Hartin, 60, Executive Vice President, Sales and Marketing, plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Vincent O'Neill as its new Chief Financial Officer and Timothy Last as the new ...

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Therefore, the Zacks rating upgrade for Iridium basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings estimate r ...

The research service features 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, all of which will help you become a smarter, more confident investor. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the tre ...

2024 Guidance Reiterated The company expects cash taxes to remain below $10 million annually through 2026. It aims to reduce net leverage below 4.0 times OEBITDA through 2026 and eventually below 2.0 times by the end of the decade. Iridium currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BlackBerry's (BB) reported first-quarter fiscal 2025 adjusted adjusted loss per share of 3 cents, narrower than the company's estimate of a loss of 4 ...

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 ...

• 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 ...