Last $8.95 USD
Change Today +0.10 / 1.13%
Volume 151.1K
IRDM On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 11:49 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

iridium communications inc (IRDM) Snapshot

Open
$8.86
Previous Close
$8.85
Day High
$9.00
Day Low
$8.81
52 Week High
08/25/14 - $9.54
52 Week Low
11/1/13 - $5.37
Market Cap
833.2M
Average Volume 10 Days
723.5K
EPS TTM
$0.70
Shares Outstanding
93.1M
EX-Date
--
P/E TM
12.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for IRIDIUM COMMUNICATIONS INC (IRDM)

iridium communications inc (IRDM) Related Businessweek News

View More BusinessWeek News

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.

224 Employees
Last Reported Date: 03/4/14
Founded in 2000

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. Presents at CRT Capital Group's 2nd Annual Investor Conference, Sep-16-2014

Iridium Communications Inc. Presents at CRT Capital Group's 2nd Annual Investor Conference, Sep-16-2014 . Venue: Delamar Hotel, Greenwich, Connecticut, United States.

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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IRDM:US $8.96 USD +0.105

IRDM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Eutelsat Communications SA €25.99 EUR -0.125
Globalstar Inc $3.91 USD +0.135
Inmarsat PLC 714.50 GBp -11.00
KVH Industries Inc $12.00 USD +0.06
ORBCOMM Inc $6.15 USD +0.02
View Industry Companies
 

Industry Analysis

IRDM

Industry Average

Valuation IRDM Industry Range
Price/Earnings 13.8x
Price/Sales 1.9x
Price/Book 0.7x
Price/Cash Flow 5.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact IRIDIUM COMMUNICATIONS INC, please visit www.iridium.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.