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Last $7.10 USD
Change Today +0.17 / 2.45%
Volume 1.3M
IRDM On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

iridium communications inc (IRDM) Snapshot

Open
$6.99
Previous Close
$6.93
Day High
$7.19
Day Low
$6.98
52 Week High
04/16/15 - $11.36
52 Week Low
08/24/15 - $6.32
Market Cap
673.4M
Average Volume 10 Days
1.1M
EPS TTM
$0.75
Shares Outstanding
94.9M
EX-Date
--
P/E TM
9.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for IRIDIUM COMMUNICATIONS INC (IRDM)

iridium communications inc (IRDM) Related Businessweek News

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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; and 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, such as 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, netted voice, data, messaging, and paging services; and maintenance services for the department of defense’s dedicated gateway. Further, the company provides satellite handsets, personal connectivity devices, 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; and engineering and support services. The company sells its products and services to commercial end users wholesale distribution network, service providers, value-added resellers, and value-added manufacturers. As of December 31, 2013, it had approximately 739,000 billable subscribers. The company was founded in 2000 and is headquartered in McLean, Virginia.

233 Employees
Last Reported Date: 02/26/15
Founded in 2000

iridium communications inc (IRDM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $480.0K
Chief Operating Officer
Total Annual Compensation: $420.0K
Chief Legal Officer and Secretary
Total Annual Compensation: $316.1K
Executive Vice President of Sales & Marketing
Total Annual Compensation: $312.5K
Compensation as of Fiscal Year 2014.

iridium communications inc (IRDM) Key Developments

Iridium Communications Inc. Declares Cash Dividend on 6.75% Series B Cumulative Perpetual Convertible Preferred Stock for the Period from June 16, 2015 to September 15, 2015, Payable on September 15, 2015

On August 7, 2015, Iridium Communications Inc. announced that its board of directors had declared a cash dividend on its 6.75% Series B Cumulative Perpetual Convertible Preferred Stock of $4.21875 per share, representing a dividend for the period from and including June 16, 2015 through September 15, 2015. The dividend is payable on September 15, 2015, to all stockholders of record as of September 1, 2015.

Iridium Communications Inc. Announces the Milestone in the Development of Next-Generation Iridium Certus Broadband Service

Iridium Communications Inc. announced the latest milestone in the development of their next-generation Iridium Certus broadband service with the delivery of the first Broadband Core Transceiver (BCX) prototypes for interoperability testing on the Iridium NEXT satellite network infrastructure. Designed by product development firm Cambridge Consultants, the prototypes will be used by Iridium's manufacturing partners to design, build and distribute products compatible with the new broadband capabilities enabled by the Iridium NEXT network, scheduled to begin launching in late 2015 with commercial service expected in late 2016. The BCX module will provide a significant advancement from Iridium's current-generation broadband products and offers a streamlined form factor, at approximately 75% of the first-generation Iridium broadband equipment size, while initially supporting triple the data speeds of the current service. The BCX will be made available to the Iridium Certus broadband manufacturing partners that Iridium announced earlier this year. Iridium is working closely with terminal manufacturers to introduce innovative solutions for affordable mobile broadband, with an addressable market of more than 750,000 potential subscribers across the aeronautical, maritime and land mobile markets. Iridium will make the BCX prototypes available to manufacturers as part of the Iridium Certus Integrator Development Kits and will assist product development efforts with technical support and testing services. BCX production deliveries are planned for the first half of 2016, and commercial availability of the Iridium Certus broadband service is anticipated to begin in late 2016.

Iridium Communications Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year of 2015

Iridium Communications Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $101,919,000 compared to $102,521,000 for the same period last year. Operating profit was $42,334,000 against $29,713,000 a year ago. Income before income taxes was $42,411,000 compared to $25,189,000 for the same period last year. Net income attributable to common stockholders was $22,129,000 against $12,167,000 a year ago. Operational EBITDA was $60,986,000 against $54,665,000 a year ago. Capital expenditures were $124,153,000 against $49,554,000 a year ago. Net income was $26.0 million, or $0.21 per diluted share, for the second quarter of 2015, as compared to $15.0 million, or $0.14 per diluted share, for the second quarter of 2014. For the six months, the company reported operating revenues of $198,926,000 compared to $200,553,000 for the same period last year. Operating profit was $75,807,000 against $58,057,000 a year ago. Income before income taxes was $75,990,000 compared to $52,321,000 for the same period last year. Net profit attributable to common stockholders was $39,289,000 against net $26,960,000 a year ago. Operational EBITDA was $113,459,000 against $106,294,000 a year ago. Capital expenditures were $174,206,000 against $108,073,000 a year ago. Net debt was $827,801,000 as on June 30, 2015 against $500,438,000 as on June 30, 2014. The company updated its full-year 2015 outlook. The company now expects revenue growth between 1% and 3% against previous guidance of 3% to 6%. Operational EBITDA now expected approximately $230 million against previous guidance of $230 million to $240 million.

 

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Industry Analysis

IRDM

Industry Average

Valuation IRDM Industry Range
Price/Earnings 11.8x
Price/Sales 1.6x
Price/Book 0.5x
Price/Cash Flow 4.4x
TEV/Sales NM Not Meaningful
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