MCLEAN, Va., May 29, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new partnership with Syniverse, the world's most connected company®, to support the rollout of Iridium NTN DirectSM service with mobile network operators (MNOs) worldwide. Through this partnership, Iridium NTN Direct is integrating with Syniverse's global platform, making it easy for MNOs to keep their customers continuously connected e ...

It has been about a month since the last earnings report for Iridium Communications (IRDM) . Shares have added about 17.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Iridium due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since The ...

MCLEAN, Va., May 6, 2025 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced a special U.S. government version of the Iridium® 9603 module built for Enhanced Short Burst Data (ESBD). ESBD is a low-latency and secure messaging service designed to provide optimal transmission security (TRANSEC) for the U.S. government and approved allies. Iridium Satellite Network The ESBD version can act as a drop-in replacemen ...

Shares of Iridium Communications (IRDM) have gained 2.4% over the past four weeks to close the last trading session at $25.17, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $38.33 indicates a potential upside of 52.3%.The mean estimate comprises six short-term price targets with a standard deviation of $7.23. While the lowest estimate of $25 indicates a 0.7% decline from the c ...

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Iridium Communications (IRDM) reported earnings per share (EPS) of 27 cents for the first quarter of 2025, beating the Zacks Consensus Estimate by 22.7%. The bottom line compared favorably with the prior-year quarter's figure of 16 cents. (See the Zacks  Earnings Calendar to stay ahead of market-making news.)Quarterly revenues reached $214.9 million, representing a 5% increase from the previous year, driven by rising demand for Iridium’s mission-critical services. Despite the potential for evolving U.S. tra ...

Financial Data and Key Metrics Changes - Operational EBITDA increased by 6% to $122.1 million, driven by recurring commercial services and engineering support revenue [38] - Service revenue rose by 4% to $127.5 million, led by growth in IoT and Iridium PNT [38] - Voice and data revenue grew by 2% to $55.9 million, reflecting subscriber growth in telephony services [39] - Commercial IoT revenue increased by 11% to $43.8 million, attributed to a two-year contract with the largest IoT partner [39] - Revenue from commercial broadband decreased by 6% to $12.9 million, due to the conversion of primary customers to lower usage plans [42] - Hosting and other data services revenue rose by 7% to $14.9 million, with optimism for P&T services following the acquisition of Satellis [43] Business Line Data and Key Metrics Changes - Engineering and support revenue reached $37.5 million, up from $30.4 million in the prior year, driven by contracts with the U.S. government [45] - Subscriber equipment sales were $23.1 million, down from the previous year's high but tracking expected levels [44] - Government service revenue increased modestly to $26.8 million, reflecting a step-up in EMSS contracts with the U.S. government [43] Market Data and Key Metrics Changes - The company anticipates double-digit growth in commercial IoT for 2025, driven by ongoing demand for personal satellite communications [48] - The government business is expected to generate full-year revenue of $108 million in 2025 due to the EMSS contract [49] Company Strategy and Development Direction - The company is focusing on expanding its partner ecosystem and leveraging its unique satellite capabilities to address market needs, particularly in IoT and PNT [19][21] - Iridium plans to mitigate tariff impacts through strategic partnerships and logistics adjustments, aiming to maintain its market position without passing costs to customers [16][14] - The company is confident in its growth outlook despite competition from new entrants like Starlink, emphasizing its unique offerings in mission-critical applications [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience during economic shocks, noting that demand for services has remained stable [17][9] - The geopolitical environment is expected to remain volatile, but the company believes it is insulated from significant impacts [34][33] - Future growth is anticipated in P&T services, with increasing interest from new customers seeking solutions to GPS vulnerabilities [30] Other Important Information - The company plans to increase its quarterly dividend to 15 cents per share starting in Q3 2025, reflecting confidence in business prospects [53] - Capital expenditures are expected to rise in 2025 to support work with 5G standards [54] Q&A Session Summary Question: Impact of tariffs on subscriber growth and service revenue - Management indicated it is too early to determine the long-term effects of tariffs on subscriber growth and service revenue, but historical resilience suggests minimal impact [59][60] Question: Changes in government subscriber numbers - The decrease in government subscribers was attributed to a cleanup activity rather than broader budget cuts, with some impact from USAID changes [62][64] Question: Future pricing actions - Management confirmed plans for smaller, more frequent price increases rather than large, infrequent hikes, aligning with inflation trends [66][67] Question: Revenue from directed device services - Initial revenues from directed device services are expected to come from IoT roaming, with a ramp-up dependent on chipset availability [70][72] Question: Update on aviation services - Aviation services are growing, with ongoing flight trials for certification, but significant revenue growth is not expected until early next year [85][87] Question: Government exposure in the business - Management estimated that government-related revenue constitutes about 20% of the overall business, with a focus on commercial IoT and other applications [98][99]

Iridium Communications (IRDM) reported $214.88 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 5.4%. EPS of $0.27 for the same period compares to $0.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $212.87 million, representing a surprise of +0.94%. The company delivered an EPS surprise of +22.73%, with the consensus EPS estimate being $0.22.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Iridium Communications (IRDM) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.73%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.16 per share when it actually produced earnings of $0.31, delivering a surprise of 93.75%.Over the last four ...