Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook [Yahoo! Finance]
Iridium Communications Inc (IRDM)
Last iridium communications inc earnings: 4/28 07:01 am
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Source: Yahoo! Finance
leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook. Net income was .4 million, or per diluted share, for the third quarter of 2024, as compared to net loss of .6 million, or per diluted share, for the third quarter of 2023. Operational EBITDA ("OEBITDA") for the third quarter was a record $124.4 million , as compared to $121.3 million for the prior-year period. Net income benefitted from the year-over-year increases in service revenue, engineering and support revenue and equipment sales. In the third quarter, Iridium also had lower operating expenses compared to the prior year period primarily due to a decline in depreciation expense associated with the extension of the estimated useful lives of the Company's satellites. Iridium reported record third-quarter total revenue of .8 million, which consisted of .9 million of service revenue and .9 million of revenue relat
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IRDM
News
- Shareholders in Iridium Communications (NASDAQ:IRDM) have lost 28%, as stock drops 4.8% this past week [Yahoo! Finance]Yahoo! Finance
- NAV CANADA announces year-end financial results [Yahoo! Finance]Yahoo! Finance
- Eutelsat to Deliver IRDM's Certus & STL Services to US Government [Yahoo! Finance]Yahoo! Finance
- Eutelsat America Corp. and OneWeb Technologies to offer Iridium Certus and STL® Services to the U.S. Government [Yahoo! Finance]Yahoo! Finance
- Eutelsat America Corp. and OneWeb Technologies to offer Iridium Certus and STL® Services to the U.S. GovernmentPR Newswire
IRDM
Earnings
- 7/23/24 - Beat
IRDM
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form SC
- 11/5/24 - Form 4
- IRDM's page on the SEC website