IRDM - Iridium Communications Inc Stock Price, Fair Value and News

31.38USD+1.69 (+5.69%)Delayed

Market Summary

USD31.38+1.69

Delayed

5.69%

IRDM Alerts

Big jump in Earnings (Y/Y)

IRDM Stock Price

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IRDM RSI Chart

IRDM Valuation

Market Cap

3.8B

Price/Earnings (Trailing)

150.65

Price/Sales (Trailing)

4.83

EV/EBITDA

23.23

Price/Free Cashflow

15.11

IRDM Price/Sales (Trailing)

IRDM Profitability

EBT Margin

2.41%

Return on Equity

2.96%

Return on Assets

0.92%

Free Cashflow Yield

6.62%

IRDM Fundamentals

IRDM Revenue

Revenue (TTM)

789.3M

Rev. Growth (Yr)

-0.69%

Rev. Growth (Qtr)

4.68%

IRDM Earnings

Earnings (TTM)

25.3M

Earnings Growth (Yr)

101.05%

Earnings Growth (Qtr)

-48.31%

Breaking Down IRDM Revenue

Last 7 days

14.5%

Last 30 days

19.3%

Last 90 days

-14.1%

Trailing 12 Months

-50%

How does IRDM drawdown profile look like?

IRDM Financial Health

Current Ratio

3.33

Debt/Equity

1.72

Debt/Cashflow

0.22

IRDM Investor Care

Buy Backs (1Y)

3.57%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	789.3M	0	0	0
2023	758.1M	776.3M	789.8M	790.7M
2022	636.2M	661.2M	683.1M	721.0M
2021	584.7M	594.4M	605.1M	614.5M
2020	572.0M	569.1M	575.8M	583.4M
2019	537.5M	545.7M	553.7M	560.4M
2018	462.8M	486.1M	506.3M	523.0M
2017	433.9M	436.3M	440.0M	448.0M
2016	418.6M	425.8M	432.6M	433.6M
2015	407.5M	406.9M	405.5M	411.4M
2014	391.5M	399.3M	406.3M	408.6M
2013	379.2M	376.6M	376.7M	382.6M
2012	386.5M	387.9M	386.2M	383.5M
2011	357.7M	369.7M	377.3M	384.3M
2010	0	166.7M	257.4M	348.2M
2009	0	0	0	76.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Iridium Communications Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	morgan kathleen a.	sold (taxes)	-16,789	25.99	-646	chief legal officer
Mar 29, 2024	olson eric t	acquired	-	-	635	-
Mar 29, 2024	sears kay	acquired	-	-	25.00	-
Mar 29, 2024	yeaney jacqueline e	acquired	-	-	37.2	-
Mar 29, 2024	canfield thomas c	acquired	-	-	991	-
Mar 29, 2024	frazier leon anthony	acquired	-	-	61.8	-
Mar 29, 2024	niehaus robert h	acquired	-	-	595	-
Mar 29, 2024	harman jane l.	acquired	-	-	300	-
Mar 29, 2024	krongard a b	acquired	-	-	446	-
Mar 15, 2024	desch matthew j	acquired	1,410,440	9.45	149,253	chief executive officer

Which funds bought or sold IRDM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	reduced	-11.18	-449,478	582,609	-%
Apr 25, 2024	Allworth Financial LP	added	73.24	1,181	12,871	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-4.13	-19,699,300	30,727,400	0.01%
Apr 25, 2024	NATIXIS ADVISORS, L.P.	reduced	-8.61	-860,000	1,193,000	-%
Apr 25, 2024	Lindbrook Capital, LLC	added	10,780	14,025	14,231	-%
Apr 25, 2024	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	added	0.17	-1,763,000	3,088,000	0.01%
Apr 25, 2024	LECAP ASSET MANAGEMENT LTD	added	232	511,638	971,766	0.20%
Apr 24, 2024	Assenagon Asset Management S.A.	new	-	7,437,500	7,437,500	0.02%
Apr 24, 2024	Spire Wealth Management	reduced	-8.58	-64,044	114,790	-%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	sold off	-100	-289,000	-	-%

Are Funds Buying or Selling IRDM?

Are funds buying IRDM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IRDM

No. of Funds

IRDM Alerts

Big jump in Earnings (Y/Y)

Unveiling Iridium Communications Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	bamco inc /ny/	10.76%	13,330,170	SC 13G/A
Feb 13, 2024	vanguard group inc	9.49%	11,753,337	SC 13G/A
Feb 09, 2024	capital international investors	6.0%	7,403,313	SC 13G/A
Jan 24, 2024	blackrock inc.	9.2%	11,379,311	SC 13G/A
Feb 14, 2023	bamco inc /ny/	10.86%	13,664,696	SC 13G/A
Feb 13, 2023	capital international investors	6.3%	7,927,631	SC 13G/A
Feb 09, 2023	vanguard group inc	10.12%	12,713,158	SC 13G/A
Jan 26, 2023	blackrock inc.	11.8%	14,771,139	SC 13G/A
Jan 20, 2023	blackrock inc.	11.8%	14,771,139	SC 13G
Sep 09, 2022	vanguard group inc	10.02%	12,726,214	SC 13G/A

Recent SEC filings of Iridium Communications Inc

View All Filings

Date Filed	Form Type	Document
Apr 18, 2024	10-Q	Quarterly Report
Apr 18, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading

Peers (Alternatives to Iridium Communications Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TMUS	193.1B	78.5B	1.23%	9.38%	22.06	2.46	-0.71%	129.26%
VZ	167.0B	134.0B	-4.48%	2.29%	14.77	1.25	-1.58%	-47.62%
T	119.8B	122.4B	-4.56%	-4.88%	8.32	0.98	1.40%	268.93%
CHTR	36.8B	54.6B	-13.12%	-25.60%	7.91	0.67	0.29%	-7.99%
MID-CAP
CCOI	3.1B	940.9M	1.50%	-4.10%	2.45	3.32	56.92%	24646.23%
IDCC	2.6B	549.6M	-4.92%	47.42%	11.99	4.67	20.05%	128.48%
GSAT	2.4B	223.8M	-5.84%	38.89%	-95.77	10.58	50.71%	90.38%
CABO	2.2B	1.7B	-8.57%	-46.17%	8.16	1.3	-1.64%	14.23%
SMALL-CAP
ATUS	935.0M	9.2B	-21.76%	-31.21%	17.58	0.1	-4.26%	-72.66%
ATEX	596.3M	3.5M	-4.05%	0.34%	37.68	168.51	115.01%	136.91%
CNSL	494.2M	1.1B	-1.62%	9.51%	-1.68	0.45	-6.81%	-394.48%
ATNI	301.7M	762.2M	-37.67%	-48.29%	-16.09	0.4	5.03%	-147.29%
CXDO	110.7M	53.2M	-9.07%	223.85%	-305.68	2.08	41.66%	98.98%
DISH	-	15.3B	-	-100.00%	-	-	-8.30%	-147.55%

Iridium Communications Inc News

Latest updates

Iridium Communications Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.7%	204	195	198	193	205	194	184	175	168	156	162	150	147	147	151	140	145	139	145	143	134
Costs and Expenses	3.8%	154	148	169	209	182	175	166	154	149	145	147	138	138	141	139	134	133	139	137	139	135
S&GA Expenses	7.3%	37.00	34.00	33.00	37.00	39.00	37.00	32.00	29.00	26.00	28.00	26.00	24.00	23.00	27.00	21.00	21.00	21.00	25.00	23.00	21.00	24.00
R&D Expenses	25.7%	7.00	6.00	5.00	6.00	4.00	6.00	5.00	3.00	3.00	4.00	3.00	3.00	3.00	4.00	3.00	2.00	2.00	4.00	3.00	4.00	4.00
EBITDA Margin	-2.1%	0.28*	0.28*	0.28*	0.31*	0.33*	0.35*	0.36*	0.37*	0.36*	0.33*	0.30*	0.29*	0.26*	0.21*	-0.02*	-0.06*	-	-	-	-	-
Interest Expenses	-8.1%	-20.66	-19.11	-34.66	-18.72	-17.89	-18.10	-17.63	-14.78	-14.58	-15.89	-17.61	-17.63	-22.77	-22.69	-22.63	-22.51	-26.44	-30.32	-30.49	-28.99	-25.60
Income Taxes	182.7%	8.00	-9.55	-6.01	-5.21	-5.50	-0.68	-2.10	1.00	2.00	0.00	-1.46	-9.98	-8.60	-9.98	-5.68	-4.60	-12.68	-34.17	-4.44	-7.76	-9.74
Earnings Before Taxes	-3.4%	29.00	30.00	-6.16	-34.27	6.00	-0.01	0.00	6.00	5.00	-5.37	-3.54	-6.20	-13.80	-17.88	-9.70	-17.00	-44.40	-142	-22.46	-25.87	-27.76
EBT Margin	503.3%	0.02*	-0.01*	-0.04*	-0.04*	0.02*	0.01*	0.01*	0.00*	-0.02*	-0.05*	-0.07*	-0.08*	-0.10*	-0.15*	-0.37*	-0.40*	-	-	-	-	-
Net Income	-48.3%	20.00	38.00	-1.64	-30.74	10.00	-0.81	2.00	5.00	3.00	-5.88	-2.08	4.00	-5.18	-7.92	-4.00	-12.42	-31.70	-107	-18.01	-18.11	-18.02
Net Income Margin	64.4%	0.03*	0.02*	-0.03*	-0.03*	0.02*	0.01*	0.01*	0.00*	0.00*	-0.02*	-0.02*	-0.02*	-0.05*	-0.10*	-0.27*	-0.30*	-	-	-	-	-
Free Cashflow	-20.6%	57.00	72.00	59.00	65.00	46.00	64.00	75.00	82.00	52.00	76.00	78.00	65.00	41.00	61.00	64.00	55.00	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.8%	2,736	2,662	2,706	2,780	2,872	2,954	3,063	3,077	3,077	3,181	3,206	3,201	3,267	3,361	3,366	3,374	3,391	3,624	3,827	3,917	4,026
Current Assets	39.0%	377	271	253	269	279	306	358	343	351	424	393	322	322	348	287	229	180	343	294	321	397
Cash Equivalents	142.1%	174	72.00	68.00	103	127	169	219	227	232	321	287	213	215	237	183	119	67.00	224	367	370	469
Inventory	1.5%	93.00	91.00	71.00	56.00	37.00	40.00	39.00	28.00	28.00	29.00	23.00	28.00	30.00	32.00	33.00	37.00	38.00	40.00	39.00	37.00	35.00
Net PPE	-1.7%	2,158	2,196	2,229	2,291	2,384	2,433	2,480	2,541	2,596	2,662	2,720	2,786	2,851	2,917	2,981	3,046	3,111	3,181	3,239	3,304	3,337
Liabilities	6.1%	1,882	1,774	1,781	1,780	1,786	1,825	1,917	1,896	1,885	1,893	1,884	1,887	1,903	1,942	1,950	1,965	1,977	2,164	2,268	2,344	2,440
Current Liabilities	-14.1%	113	132	119	124	116	142	127	106	96.00	109	93.00	87.00	88.00	113	101	102	89.00	114	323	285	376
Short Term Borrowings	-100.0%	-	15.00	-	-	-	17.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-100.0%	-	1,467	-	-	-	1,471	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-3.9%	854	888	925	1,000	1,086	1,129	1,145	1,181	1,192	1,288	1,322	1,314	1,364	1,419	1,415	1,409	1,414	1,459	1,559	1,573	1,587
Retained Earnings	-8.9%	-256	-235	-233	-170	-83.12	-47.74	-37.76	21.00	43.00	141	176	181	225	276	284	288	300	332	440	458	484
Additional Paid-In Capital	-1.8%	1,070	1,089	1,105	1,119	1,127	1,125	1,126	1,128	1,127	1,154	1,155	1,146	1,153	1,161	1,152	1,142	1,136	1,134	1,127	1,122	1,111
Shares Outstanding	-1.1%	121	123	125	126	126	126	128	128	130	134	134	134	135	133	134	133	-	-	-	-	-
Float	-	-	-	-	5,079	-	-	-	3,627	-	-	-	3,411	-	-	-	2,895	-	-	-	2,601	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-18.7%	71,426	87,807	71,116	87,048	68,942	90,271	88,893	99,795	65,770	89,737	87,170	75,201	50,766	70,630	74,605	63,719	40,813	55,690	78,365	15,968	48,120
Share Based Compensation	17.1%	14,000	11,953	15,945	16,791	12,766	12,106	13,702	9,684	8,240	6,695	7,548	7,633	4,906	4,154	4,765	4,097	3,698	3,614	4,134	4,063	3,327
Cashflow From Investing	10.1%	-14,564	-16,202	-11,998	-22,382	-32,905	-26,511	-13,738	-67,450	-13,568	-12,638	-4,807	-9,520	-9,417	-17,203	-10,612	-9,168	-9,487	-15,063	-10,175	-57,938	-44,643
Cashflow From Financing	166.3%	45,524	-68,681	-93,430	-86,980	-77,961	-111,187	-83,025	-39,442	-141,326	-42,738	-8,509	-67,958	-63,264	294	603	-3,058	-186,025	-184,597	-71,242	-56,081	-1,360
Dividend Payments	-100.0%	-	16,001	16,112	49,115	-16,428	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	10.3%	57,240	51,880	75,374	66,642	53,123	7,666	80,229	34,998	134,166	38,336	2,638	63,133	59,335	-	-	-	-	-	-	-	-

IRDM Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 203,853	$ 205,273
Operating expenses:
Research and development	7,198	3,878
Selling, general and administrative	36,811	38,684
Depreciation and amortization	49,744	75,819
Total operating expenses	154,082	182,125
Operating income	49,771	23,148
Other income (expense), net:
Interest expense, net	(20,663)	(17,890)
Other income, net	43	219
Total other expense, net	(20,620)	(17,671)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	29,151	5,477
Income tax benefit (expense)	(7,931)	5,453
Loss on equity method investments	(1,567)	(1,155)
Net income	$ 19,653	$ 9,775
Weighted Average Number of Shares Outstanding, Basic	123,151	127,058
Weighted Average Number of Shares Outstanding, Diluted	123,993	128,738
Earnings Per Share, Basic and Diluted	$ 0.16	$ 0.08
Comprehensive income:
Net income	$ 19,653	$ 9,775
Foreign currency translation adjustments	(396)	91
Unrealized Gain on Cash Flow Hedging, net of tax	6,733	(9,656)
Comprehensive income	$ 25,990	$ 210
Earnings Per Share, Diluted	$ 0.16	$ 0.08
Services
Revenue:
Total revenue	$ 148,577	$ 139,349
Operating expenses:
Cost of Goods and Services Sold	46,449	36,605
Subscriber equipment
Revenue:
Total revenue	24,868	41,676
Operating expenses:
Cost of Goods and Services Sold	13,880	27,139
Engineering and support services
Revenue:
Total revenue	$ 30,408	$ 24,248

IRDM Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 174,025	$ 71,870
Accounts receivable, net	93,025	91,715
Inventory	92,538	91,135
Prepaid expenses and other current assets	17,204	16,364
Total current assets	376,792	271,084
Property and equipment, net	2,158,250	2,195,758
Equity Method Investments	65,556	67,130
Other assets	94,383	86,708
Intangible assets, net	40,977	41,095
Total assets	2,735,958	2,661,775
Current liabilities:
Short-term secured debt	16,250	15,000
Accounts payable	22,554	28,671
Accrued expenses and other current liabilities	42,928	54,826
Deferred revenue	31,269	33,057
Total current liabilities	113,001	131,554
Long-term secured debt, net	1,587,507	1,467,490
Deferred income tax liabilities, net	123,767	114,642
Deferred revenue, net of current portion	42,434	43,965
Other long-term liabilities	15,564	16,025
Total liabilities	1,882,273	1,773,676
Commitments and contingencies
Stockholders’ equity:
Additional paid-in capital	1,069,638	1,089,466
Accumulated deficit	(256,319)	(235,397)
Accumulated other comprehensive income, net of tax	40,244	33,907
Total stockholders’ equity	853,685	888,099
Total liabilities and stockholders’ equity	2,735,958	2,661,775
Common Stock, Shares [Member]
Stockholders’ equity:
Common stock, $0.001 par value, 300,000 shares authorized, 121,643 and 122,776 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	$ 122	$ 123

About Iridium Communications Inc

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

CEO	Mr. Matthew J. Desch
WEBSITE	iridium.com
INDUSTRY	Telecom Services
EMPLOYEES	658

Iridium Communications Inc Frequently Asked Questions

What is the ticker symbol for Iridium Communications Inc? What does IRDM stand for in stocks?

IRDM is the stock ticker symbol of Iridium Communications Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Iridium Communications Inc (IRDM)?

As of Fri Apr 26 2024, market cap of Iridium Communications Inc is 3.81 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IRDM stock?

You can check IRDM's fair value in chart for subscribers.

What is the fair value of IRDM stock?

You can check IRDM's fair value in chart for subscribers. The fair value of Iridium Communications Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Iridium Communications Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IRDM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Iridium Communications Inc a good stock to buy?

The fair value guage provides a quick view whether IRDM is over valued or under valued. Whether Iridium Communications Inc is cheap or expensive depends on the assumptions which impact Iridium Communications Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IRDM.

What is Iridium Communications Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, IRDM's PE ratio (Price to Earnings) is 150.65 and Price to Sales (PS) ratio is 4.83. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IRDM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Iridium Communications Inc's stock?

In the past 10 years, Iridium Communications Inc has provided 0.168 (multiply by 100 for percentage) rate of return.