Despite the COVID-19 pandemic, Iridium's (IRDM) first-quarter 2020 results reflect healthy momentum in service revenues on accretive subscriber base in commercial and government solutions.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Q2 2017 Iridium Communications Inc Earnings Call
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, April 28, 2020 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2020 financial results. In advance of the call on April 28, 2020, Iridium will issue its first-quarter 2020 earnings press release, which will be available at http://www.iridium.com. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time to help ensure the conference call begins in a timely manner. The conference call will also be simultaneously webcast at http://www.iridium.com.
Iridium Communications Inc. (Nasdaq: IRDM) announced today that Chief Financial Officer Thomas Fitzpatrick is scheduled to present virtually at the William Blair Growth Stock Conference on Tuesday, June 9, 2020 at 5:00 p.m. ET. A live webcast of the presentation will be available on the investor relations section of Iridium's website at http://investor.iridium.com/events. A replay of the webcast will be archived for 30 days following the conference.
Q1 2020 Iridium Communications Inc Earnings Call
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Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 million, or $0.24 per diluted share, for the first quarter of 2020, as compared to net loss of $18.0 million, or $0.18 per diluted share, for the first quarter of 2019. This increase in net loss was primarily the result of debt extinguishment costs associated with Iridium's refinancing of its senior unsecured notes. Operational EBITDA ("OEBITDA")(1) for the first quarter was $92.1 million, as compared to $78.0 million for the prior-year period, representing a year-over-year increase of 18% and an OEBITDA margin(1) of 63%. OEBITDA primarily benefitted from strength in commercial and government service revenue.
Iridium Communications Inc. (NASDAQ:IRDM) shareholders might be concerned after seeing the share price drop 20% in the...
Iridium (IRDM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
IRDM earnings call for the period ending March 31, 2020.
Let's take a look at three Telecom stocks that are slated to report first-quarter 2020 results on Apr 28, as the industry battles the coronavirus-induced mayhem.
How far off is Iridium Communications Inc. (NASDAQ:IRDM) from its intrinsic value? Using the most recent financial...
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Q3 2017 Iridium Communications Inc Earnings Call
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS). The U.S. Commerce Department's National Telecommunications and Information Administration filed a request on behalf of executive branch agencies, including the Defense and Transportation departments, saying the approval will cause "irreparable harms to federal government users" of GPS. It asked the FCC to "prevent Ligado from deploying its network until this petition is addressed and harmful interference concerns are resolved."
Iridium (IRDM) operates the world's largest commercial constellation with a mesh architecture of 66 operational Low-Earth Orbit satellites to route traffic using radio frequency crosslinks.
Digital-based communication services for consumers are surging due to shelter-in-place and work-from-home orders, but not all commercial services are faring as well. Satellite communications and data services company Iridium Communications (NASDAQ: IRDM) was off to another strong start early in 2020, but the outlook has clouded a bit due to the coronavirus pandemic. With planes grounded, oil and gas producers in tumult, and maritime shipping disrupted, Iridium waxed cautious during its first quarter 2020 update.
Iridium (IRDM) delivered earnings and revenue surprises of 62.50% and 2.70%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?