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Last $7.65 USD
Change Today -0.095 / -1.23%
Volume 360.3K
IRDM On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 11:24 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

iridium communications inc (IRDM) Snapshot

Open
$7.68
Previous Close
$7.74
Day High
$7.78
Day Low
$7.61
52 Week High
04/16/15 - $11.36
52 Week Low
07/28/15 - $7.24
Market Cap
725.1M
Average Volume 10 Days
1.6M
EPS TTM
$0.75
Shares Outstanding
94.9M
EX-Date
--
P/E TM
10.2x
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. 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.

Iridium Communications Inc. Announces the Availability of Several Mobile Applications for Iridium GO

Iridium Communications Inc. announced the availability of several mobile applications for Iridium GO!, a global smartphone-access device, designed to expand the utility of the unique device for its customer base. Growing the ecosystem of supported apps for users' personal smartphones and tablets, the new offerings will enhance functionality of the Iridium GO! for key markets, such as maritime, outdoor recreation, lone-worker safety and aviation. The specialized applications, created through the company's third-party application developer program by companies that include OCENS, PredictWind and two10degrees Ltd., are optimized to deliver the best possible experience over the Iridium® satellite network. Iridium GO! provides global voice and text messaging for smartphone users as well as targeted additional data capabilities and connects to any Android or Apple iOS smartphone or tablet, providing connectivity anywhere on the planet for up to five devices. Designed with durability and mobility in mind, Iridium GO! offers one of the smallest form-factors in the industry, is made with a rugged, rubberized finish and is powered by a rechargeable battery. Mobile apps that are currently available to support Iridium GO! serve a variety of distinct markets and now include: Grib Explorer Plus: Developed by OCENS, GRIB Explorer Plus melds GRIB weather and ocean data into detailed images carrying unparalleled insights into the environment around you; PredictWind Offshore: Developed by PredictWind, the world leader in wind forecasting, the Offshore App allows users to download PredictWind GRIB files, weather routing, departure planning, GMDSS text forecasts and satellite imagery for your next offshore passage; QWIP: Developed by OCENS, Quick Web Information Pulls (QWIP) pulls information on news, stocks, sports and more and cost-effectively delivers it to your device; GeoPro: Developed by RoadPost and two10degrees Ltd., GeoPro is a comprehensive lone-worker safety, monitoring and communication service that makes it easy to keep in touch with your workforce, and addresses even the most rigorous lone-worker legislative requirements; Flycast: Developed by OCENS, Flycast is an app for the aviation market that provides flight-specific aviation weather forecasts out 12 hours for any location on earth.

Iridium Communications Inc. Completes Compact Antenna Test Range Testing for Iridium NEXT Satellites

Iridium Communications Inc. announced it has successfully completed the Compact Antenna Test Range (CATR) testing for Iridium NEXT satellites. The CATR testing is the simultaneous full power antenna testing of the main mission antenna, the feeder link antenna and the crosslink antennas in a radiated environment. It is the first time that a complete Iridium NEXT payload has been powered on -- both L-band and Ka-band -- and concurrently demonstrates and verifies the simultaneous operation of the Iridium satellite communications capability and the Aireon ADS-B receiver hosted payload functionality. The CATR testing is a key milestone in ensuring full satellite functionality in preparation for network deployment. The Iridium NEXT satellite network will consist of 66 in-orbit satellites, and a number of in-orbit spares, and cover 100% of the globe. It will dramatically enhance Iridium's ability to meet the rapidly-expanding demand for truly global mobile communications on land, at sea and in the skies. The constellation is expected to begin launching in 2015 and, when fully operational, will offer higher bandwidth and data speeds to customers. The network will host the mission payload for Aireon, the first truly global aircraft tracking and surveillance capability, extending ADS-B coverage and benefits to every flight path across the planet. It will also serve as a platform for the company's Iridium PRIME offering, a turnkey solution for hosted payloads which will offer all elements of a successful hosted payload mission, at an estimated cost savings of 50% or more compared to current standalone solutions. In addition, the Iridium NEXT network will enable the recently announced Iridium Certus broadband service, which will deliver versatile, enterprise-grade, reliable communications and support a portfolio of partner products with a broad range of data speeds eventually as high as 1.4 megabits per second for a single user terminal.

 

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Industry Analysis

IRDM

Industry Average

Valuation IRDM Industry Range
Price/Earnings 14.0x
Price/Sales 1.8x
Price/Book 0.6x
Price/Cash Flow 5.1x
TEV/Sales NM Not Meaningful
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