Last $9.05 USD
Change Today -0.054 / -0.59%
Volume 255.2K
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As of 1:25 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

iridium communications inc (IRDM) Snapshot

Open
$9.08
Previous Close
$9.10
Day High
$9.10
Day Low
$9.01
52 Week High
08/18/14 - $9.19
52 Week Low
11/1/13 - $5.37
Market Cap
842.5M
Average Volume 10 Days
823.3K
EPS TTM
$0.70
Shares Outstanding
93.1M
EX-Date
--
P/E TM
12.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for IRIDIUM COMMUNICATIONS INC (IRDM)

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iridium communications inc (IRDM) Details

Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. It offers postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; machine-to-machine services for sending and receiving data from fixed and mobile assets in remote locations to a central monitoring station. The company also provides other services comprising inbound connections from the public switched telephone network, short message services, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, it offers voice and data solutions, including personnel tracking devices; asset tracking devices for equipment, vehicles, and aircraft; aircraft and submarine communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence community, such as secure satellite handsets, as well as offers voice, data, messaging, and paging services; and maintenance services for the department of defense’s dedicated gateway. Further, the company provides satellite handsets, Wi-Fi accessories, voice and data modems, broadband data devices, and machine-to-machine data devices; and various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, and charging units; Iridium GO! personal connectivity device that creates a Wi-Fi hotspot; and engineering and support services. The company sells its products and services to commercial end-users through service providers, value-added resellers, and value-added manufacturers. As of December 31, 2013, it had approximately 664,000 billable subscribers. The company was founded in 2000 and is headquartered in McLean, Virginia.

iridium communications inc (IRDM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $771.7K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $454.0K
Chief Operating Officer and Director
Total Annual Compensation: $378.3K
Chief Executive Officer of Aireon LLC and Pre...
Total Annual Compensation: $501.6K
Chief Legal Officer and Secretary
Total Annual Compensation: $313.0K
Compensation as of Fiscal Year 2013.

iridium communications inc (IRDM) Key Developments

Iridium Communications Inc. Announces Delivery of the First Satellite Engineering Model for the Forthcoming Iridium NEXT Constellation

Iridium Communications Inc. announced the delivery of the first satellite engineering model for the forthcoming Iridium NEXT constellation. The satellite, which arrived at Iridium's Technical Support Center (TSC) on Tuesday, July 29, 2014, is fully-functional and capable of supporting all of the verification and performance of a flight-ready satellite. Once integrated into the existing constellation testbed, Iridium will use the satellite to demonstrate Iridium NEXT performance, as well as to verify compatibility with Iridium's current constellation. Beyond compatibility testing, the model also allows Iridium to "test-as-you-fly" using an Iridium NEXT satellite prior to launch. The model will be connected to the Iridium Satellite Control System, enabling command and control testing with actual flight software and flight hardware. The Iridium TSC is an integral part of the Iridium(R) network, and has been providing on-orbit operation and maintenance support since 2001. In addition to the testbed, the TSC includes Iridium's backup operations center and the qualification and testing lab where products are vetted for use on the Iridium network. The entire TSC facility supports the overall Iridium concept of test-before-deployment, and the addition of the Iridium NEXT satellite model provides another great asset in the Iridium test and verification capability. The Iridium NEXT satellite network will consist of 66 in-orbit satellites, and a number of in-orbit spares. The constellation is scheduled to begin launching in 2015 and is expected to provide service to 2030 and beyond, while offering customers greater bandwidth and data speeds.

Iridium Communications Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full-Year 2014 and 2018

Iridium Communications Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income was $15.0 million, or $0.14 per diluted share, for the second quarter of 2014, as compared to $15.4 million, or $0.18 per diluted share, for the second quarter of 2013. Operational EBITDA for the second quarter was $54.7 million, as compared to $51.1 million for the prior-year period, representing a year-over-year increase of 7%. Iridium reported second-quarter total revenue of $102.5 million against $94,684,000 a year ago. Capital expenditures were $49.6 million for the second quarter against $132,444,000 a year ago. Operating profit was $29,713,000 against $28,848,000 a year ago. Earnings before income taxes were $25,189,000 against $26,600,000 a year ago. Net income attributable to common stockholders was $12,167,000 against $13,663,000 a year ago. Net debt was $500,438,000 against $510,363,000 a year ago. Total revenue benefited from approximately a $4.8 million increase in the high-margin service component. For the six months, operating profit was $58,057,000 against $54,186,000 a year ago. Earnings before income taxes were $52,321,000 against $49,083,000 a year ago. Net income attributable to common stockholders was $26,960,000 against $26,847,000 a year ago. Total revenue was $200,553,000 against $183,873,000 a year ago. Operational EBITDA was $106,294,000 against $97,936,000 a year ago. Capital expenditures were $108,073,000 against $151,688,000 a year ago. The company affirmed its full-year 2014 outlook for total service revenue growth and OEBITDA. The company continues to expect: Total service revenue growth between 2% and 4% for the full-year 2014; Full-year 2014 OEBITDA between $205 million and $215 million. OEBITDA for 2013 was $201.1 million. The company affirmed its long-range outlook for compound annual service revenue growth, OEBITDA margin, cash taxes, peak net leverage and 2018 net leverage. The Company continues to expect: Compound annual service revenue growth between 8% and 12% between 2014 and 2018; OEBITDA margin of approximately 60% in 2018.

Iridium Communications Inc. Announces Availability of Global Mobile Satellite Hotspot

Iridium Communications Inc. announced broad availability of the first truly global mobile satellite hotspot. The new Iridium GO!(TM) connects to smartphones and tablets by creating a satellite-based Wi-Fi zone, dramatically extending voice and data coverage of these devices when they are out of range of terrestrial networks. This product is also the lowest cost device and service offering that Iridium has ever made, making global connectivity more affordable than ever. Iridium GO! is well suited for uses ranging from adventure travelers to remote, off-the-grid workers in industries like aviation and maritime. Supporting a variety of specialty applications -- such as customizable global weather forecasts and enterprise applications that can track vehicles and vessels globally -- Iridium GO! is unlike any other device available. Two free applications are available to download on smartphone and tablets: Iridium GO!, which supports voice calls, texting and other key functions, and Iridium Mail & Web for email, weather, web and social media access. By using the Iridium GO! apps on their smartphone or tablet, individuals can connect up to five devices over a Wi-fi connection on the Iridium network to make voice calls, text, interact with social media, surf the web, send their precise location to family and friends and even report a personal emergency through an integrated SOS service available after registration with GEOS. Like Iridium's satellite phones, Iridium GO! is designed to be rugged; it is built to withstand rain, sand, dust and rough use. The included SOS functionality enables a fast, two-way connection with an emergency provider - bringing peace of mind anywhere in the world. With one of the smallest form-factors in the industry, Iridium GO! is highly portable, providing a Wi-Fi network with a coverage radius of 100 feet (30 meters). In addition, Iridium GO! is Iridium NEXT-ready; it works on the current satellite network as well as the new Iridium NEXT satellites that are scheduled to begin launching in 2015. Concurrent with the availability of Iridium GO!, the company has also launched a developers' program and provides a software developer's kit (SDK), along with a certification program, for third parties wishing to develop or adapt applications to work through the Iridium GO! platform and the Iridium satellite network.

 

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