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Last $10.66 USD
Change Today -0.23 / -2.11%
Volume 1.3M
IRDM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

iridium communications inc (IRDM) Snapshot

Open
$10.92
Previous Close
$10.89
Day High
$10.94
Day Low
$10.64
52 Week High
04/16/15 - $11.36
52 Week Low
05/8/14 - $6.12
Market Cap
1.0B
Average Volume 10 Days
1.3M
EPS TTM
$0.70
Shares Outstanding
94.5M
EX-Date
--
P/E TM
15.3x
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 and Director
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. Proposes Amendment to Certificate of Incorporation

Iridium Communications Inc. proposed at its AGM to be held on May 12, 2015, the shareholders to approve an amendment to certificate of incorporation to increase the maximum number of members that may constitute Board of Directors from 11 to 13.

Iridium Communications Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Iridium Communications Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenue was $100.5 million against $98.2 million for the fourth quarter of 2013. Operating profit was $31.8 million against $26.3 million last year. Earnings before income taxes were $31.7 million against $34.4 million last year. Net income attributable to common stockholders was $19.2 million against $13.8 million last year. Operational EBITDA was $51.8 million against $49.8 million last year. Capital expenditures were $296.1 million against $140.1 million last year. OEBITDA grew largely due to higher service revenue. Capital expenditures were primarily related to spending for the company’s next-generation satellite constellation, Iridium NEXT, and upgraded ground network infrastructure at its commercial gateway. Net income was $23.0 million, or $0.19 per diluted share, for the fourth quarter of 2014, as compared to $15.6 million, or $0.18 per diluted share, for the fourth quarter of 2013. For the year, total revenue was $408.6 million against $382.6 million last year. Operating profit was $122.9 million against $109.9 million last year. Earnings before income taxes were $116.5 million against $110.5 million last year. Net income attributable to common stockholders was $62.7 million against $55.5 million last year. Operational EBITDA was $216.5 million against $201.1 million last year. Capital expenditures were $441.1 million against $403.5 million last year. Net debt was $733.0 million against $685.2 million at December 31, 2013. Net income was $75.0 million, or $0.69 per diluted share, as compared to net income of $62.5 million, or $0.71 per diluted share, for 2013. For the year 2015, the company expected operational EBITDA of between $230 million and $240 million, which compares to $216.5 million in 2014 and about 9% growth at the midpoint of the guidance range.

Iridium Communications Inc. - Analyst/Investor Day

Iridium Communications Inc. - Analyst/Investor Day

 

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Industry Analysis

IRDM

Industry Average

Valuation IRDM Industry Range
Price/Earnings 19.0x
Price/Sales 2.5x
Price/Book 0.8x
Price/Cash Flow 7.1x
TEV/Sales NM Not Meaningful
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