Iridium Communications, Inc. (NASDAQ:IRDM) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Kenneth Levy - Vice President of Investor Relations Matthew Desch - Chief Executive Officer Thomas Fitzpatrick - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Ric Prentiss - Raymond James Chris Quilty - Quilty Analytics Hamed Khorsand - BWS Financial Mathieu Robilliard - Barclays Capital Louie DiPalma - William Blair Operator Good morning and welco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Iridium Communications Inc. (Exact name of registrant as specified in its charter) WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33963 (State or other jurisdiction of incorporation or organization) DE 26-13449 ...

Iridium Communications Inc. (NASDAQ:IRDM) Q1 2023 Earnings Conference Call April 20, 2023 8:30 AM ET Company Participants Matthew Desch - CEO Thomas Fitzpatrick - CFO and Chief Administrative Officer Kenneth Levy - VP, IR Conference Call Participants Ric Prentiss - Raymond James Landon Park - Morgan Stanley Louie DiPalma - William Blair Hamed Khorsand - BWS Financial Operator Good day, and welcome to the Iridium Communications First Quarter 2023 Earnings Conference Call. All participants will be in listen-o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33963 Iridium Communications Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) DE 26-1344 ...

Financial Data and Key Metrics Changes - In 2022, the company achieved a 17% top-line growth, resulting in $280 million in pro forma free cash flow [24][32] - Operational EBITDA rose 12% in 2022, with Q4 operational EBITDA increasing 15% year-over-year to $107 million [24][41] - Total revenue for Q4 grew 24% year-over-year to $194 million, with service revenue of $110.3 million, up 10% from the previous year [41][12] Business Line Data and Key Metrics Changes - Revenue from commercial voice and data increased by 10% year-over-year, driven by an 18% growth in commercial subscribers, with IoT representing 78% of the total [13][14] - Broadband segment revenue reached $13.9 million in Q4, up 22% from the previous year, reflecting strong demand for Iridium Certus terminals [25] - Government service revenue remained stable at $26.5 million in Q4, with expectations for $106 million in full-year revenue for 2023 [16][56] Market Data and Key Metrics Changes - The company reported a 21% increase in personal satellite communications subscribers year-over-year, adding over 250,000 net new IoT subscribers in 2022 [55] - The partner base is enthusiastic about market opportunities, contributing to a competitive moat that supports continued innovation [18] - The Snapdragon Satellite platform is expected to create significant new revenue opportunities, with an estimated 80 million to 100 million high-end processors produced annually by Qualcomm [19][20] Company Strategy and Development Direction - The company focuses on technology innovation, expanding partnerships, and enhancing customer experiences to unlock new business growth [7][22] - A new partnership with Qualcomm aims to deliver satellite-to-smartphone connectivity, broadening the company's market reach [19] - The company plans to invest in capital expenditures to support new services while maintaining a sustainable dividend program [39][92] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about growth despite rising interest rates and inflation, forecasting service revenue growth between 9% and 11% for 2023 [34][90] - The company expects continued strength in voice, IoT, and broadband services, with double-digit subscriber growth anticipated [38][26] - Management highlighted the importance of recurring revenue and the resilience of their business model in various economic conditions [35][57] Other Important Information - The company initiated a quarterly dividend program in December 2022, reflecting confidence in its business opportunities and strong free cash flow generation [39][91] - As of December 31, 2022, the company had a cash balance of approximately $169 million, sufficient to fund operations and support the dividend program [87] - The company expects capital expenditures of about $75 million in 2023, including costs related to satellite launches and network efficiency improvements [109] Q&A Session Summary Question: What are the barriers to the Snapdragon Satellite service being available on Tier 2 Android phones? - Management indicated that there are not many barriers to entry for mid-tier phones adopting the service, primarily dependent on OEM manufacturers' interest [70] Question: Is the growth in the equipment line due to increased demand or just refreshing existing customer base? - Management confirmed that the growth is due to increased demand across various product lines, not merely refreshing existing inventories [74][75] Question: How does the company view the competitive landscape within IoT? - Management believes the company is well-positioned in the premium IoT segment and is actively exploring partnerships without significant capital outlay for building its own network [128]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________________________ FORM 10-K _____________________________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For th ...

14TH ANNUAL SOUTHWEST IDEAS INVESTOR CONFERENCE NOVEMBER 16, 2022 ``·: · iridium FORWARD LOOKING STATEMENTS Safe Harbor Statement This presentation contains statements about future events and expectations known as "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Iridium Communications Inc. ("Iridium" or the "Company") has based these stateme ...

Iridium Communications Inc. (NASDAQ:IRDM) Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET Company Participants Kenneth Levy - Vice President, Investor Relations Matthew Desch - Chief Executive Officer Thomas Fitzpatrick - Chief Financial Officer Conference Call Participants Ric Prentiss - Raymond James Landon Park - Morgan Stanley Greg Burns - Sidoti & Company Hamed Khorsand - BWS Financial Mathieu Robilliard - Barclays Louie DiPalma - William Blair Operator Good morning, and welcome to the Iri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33963 Iridium Communications Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) DE 26- ...

Iridium Communications Inc. (NASDAQ:IRDM) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Kenneth Levy - Vice President, Investor Relations Matthew Desch - Chief Executive Officer Thomas Fitzpatrick - Chief Financial Officer Conference Call Participants Ric Prentiss - Raymond James Landon Park - Morgan Stanley Walter Piecyk - LightShed Partners Walter Piecyk - LightShed Partners Hamed Khorsand - BWS Financial Greg Burns - Sidoti & Company Caleb Henry - Quilty Analytics Louie D ...