Welcome to our dedicated page for Iridium Comm news (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Comm stock.
Iridium Communications Inc. (NASDAQ: IRDM) is a provider of global mobile voice, data, and positioning, navigation and timing (PNT) satellite services, and its news flow reflects activity across commercial, government, and critical infrastructure markets. Company announcements frequently emphasize that Iridium operates the only mobile voice, data, and PNT satellite network that spans the entire globe, enabling real-time connections between people, organizations, and assets anywhere on Earth.
News updates for IRDM often cover multi-year contracts and collaborations with U.S. government agencies, including the U.S. Space Force and the U.S. Department of Transportation, for satellite airtime, infrastructure modernization, and deployment of Iridium PNT services. Releases also highlight partnerships with telecommunications and technology companies, such as T-Mobile, Vodafone IoT, Qualcomm Technologies, Inc., and equipment manufacturers like HD Hyundai Construction Equipment, where Iridium’s satellite connectivity and IoT services extend coverage into remote and demanding environments.
Investors and industry followers can expect regular coverage of Iridium’s quarterly financial results, capital allocation decisions, and participation in investor conferences, as well as product and technology developments. Recent examples include the unveiling of the Iridium PNT ASIC for GNSS resilience and announcements related to Iridium NTN Direct for NB-IoT and direct-to-device connectivity. Board appointments and governance updates also appear in the company’s news stream.
This IRDM news page aggregates these announcements so readers can track developments in Iridium’s satellite communications, IoT, and PNT businesses, along with its evolving relationships with government, telecom, and industrial partners. For ongoing research, this feed provides context on how Iridium positions its global LEO network within mission-critical communications and safety services.
Iridium Communications (Nasdaq: IRDM), a leading global satellite communications provider, has announced its participation in two major investor conferences in March 2025. The company will present at the Raymond James 46th Annual Institutional Investors Conference on March 3 at 11:35 a.m. ET, followed by the Deutsche Bank 33rd Annual Media, Internet & Telecom Conference on March 10 at 4:20 p.m. ET.
Both conference presentations will be accessible via webcast through Iridium's Investor Relations website section at http://investor.iridium.com/events, with recordings available for seven days following each event.
Iridium Communications (IRDM) reported its Q4 and full-year 2024 results, with Q4 net income of $36.3M ($0.32 per share) and full-year net income of $112.8M ($0.94 per share). Total revenue for 2024 reached $830.7M, up 5% year-over-year, with service revenue at $614.9M.
The company returned a record $469M to shareholders in 2024 through dividends and share repurchases. Total billable subscribers grew 8% year-over-year to 2.46M, driven by commercial IoT growth. Q4 total revenue was $213.0M, with service revenue representing 72%.
For 2025, Iridium expects service revenue growth between 5-7% and OEBITDA between $490M-$500M. The company maintains its net leverage target of below 4.0x OEBITDA through 2026, falling below 2.0x by decade's end.
Iridium Communications (Nasdaq: IRDM) has scheduled its fourth-quarter and full year 2024 financial results conference call for Thursday, February 13, 2025, at 8:30 a.m. Eastern Time. The company will release its Q4 2024 earnings press release before the call, which will be available on their investor relations website.
Investors and interested parties can participate by dialing 1-412-902-6740 and requesting the Iridium Communications conference call. A simultaneous webcast will be available on the company's website, and a replay will be accessible in the investor relations section approximately one hour after the call concludes.
Iridium Communications (Nasdaq: IRDM), a global satellite communications provider, has announced its participation in the 27th Annual Needham Growth Conference. Company executives will present on Tuesday, January 14, 2025, at 4:30 p.m. ET.
The presentation will be accessible via webcast through Iridium's Investor Relations website section at http://investor.iridium.com/events. Interested parties can access the archived version of the webcast at the same location for seven days following the event.
Blynk, a leading Low-Code IoT SaaS platform, has partnered with Iridium Communications (NASDAQ: IRDM) to support the new Iridium Certus™ 9704 Development Kit. The partnership integrates Blynk's IoT platform with Iridium's satellite hardware, providing engineering teams with pre-built templates and customizable dashboards for rapid development of satellite-based IoT solutions.
The development kit features the Iridium Certus 9704 IoT Transceiver for global connectivity in remote locations. Blynk has developed customizable IoT blueprints specifically for the kit, including ready-to-upload firmware and mobile/web dashboards. This collaboration aims to simplify satellite IoT deployment across industries like agriculture, logistics, and energy, reducing complexity and costs typically associated with satellite integration.
Iridium Communications (NASDAQ: IRDM) has launched its newest IoT module, the Iridium Certus 9704, alongside a Development Kit. The module is the company's smallest and most powerful to date, featuring Iridium Messaging Transport (IMT) technology for satellite IoT applications.
Key features include: 34% smaller than Iridium 9603, 79% smaller than Iridium 9602, and 83% reduction in idle power consumption compared to both. The module supports larger file transfers and faster messaging speeds, enabling data, picture, and audio message transmission for industrial IoT, M2M, and remote applications.
The Development Kit includes a motherboard, power supply, antenna, module, and Arduino platform software, with 1,000 free messages and GitLab hosted reference materials. The module has received FCC and ISED authorizations, with additional approvals pending.
Iridium Communications (NASDAQ: IRDM) has launched Iridium Certus® GMDSS, marking a significant advancement in maritime satellite communication safety services. This new service is the only truly global GMDSS solution available, combining distress alert, safety voice, and Maritime Safety Information with additional regulated services like Long Range Identification and Tracking and Ship Security Alert System.
The system operates through a single, versatile antenna, offering the fastest weather-resilient broadband service when other systems are unavailable. The Lars Thrane LT-4200S has received Marine Equipment Directive wheelmark certification and is available now, with additional manufacturers expected to introduce solutions in coming months.
For SOLAS class vessels requiring GMDSS equipment, the system enables automatic distress alerts to Rescue Coordination Centers within 30 seconds, providing vessel position and emergency information.
Eutelsat America Corp. and OneWeb Technologies (EACOWT) announced a partnership with Iridium Communications (IRDM) to provide Iridium Certus® and Satellite Time and Location services to U.S. government customers. The partnership combines Eutelsat OneWeb's high-speed Ku-band network of 600+ LEO satellites with Iridium's L-band services, offering enhanced GNSS-resilient connectivity solutions. The integrated service will deliver reliable positioning, navigation, and timing information for mission-critical operations in GNSS-challenged environments. Services will be available through U.S. Space Force Proliferated Low Earth Orbit contracts.
Iridium Communications Inc. (Nasdaq:IRDM) reported record third-quarter 2024 results with net income of $24.4 million ($0.21 per diluted share) and record Operational EBITDA of $124.4 million. Total revenue increased 8% year-over-year to $212.8 million, driven by 5% growth in service revenue to $159.9 million. The company ended Q3 with 2,482,000 total billable subscribers, up 11% year-over-year.
Key highlights include:
- Commercial service revenue up 6% to $133.3 million
- Government service revenue stable at $26.5 million
- Equipment revenue up 9% to $22.2 million
- Engineering & support revenue up 22% to $30.7 million
Iridium updated its 2024 outlook, expecting total service revenue growth of approximately 5% and OEBITDA between $465-$470 million. The company also expanded its share repurchase program by $500 million through 2027.
Iridium Communications Inc. (Nasdaq: IRDM) has announced a $491.6 million contract modification awarded by the Space Development Agency (SDA) to the General Dynamics Mission Systems (GDMS) and Iridium team. This modification supports the Ground Management and Integration (GMI) program for the Proliferated Warfighter Space Architecture (PWSA). Iridium's share of the contract is valued at $239 million over five years.
The award builds upon an initial Operations and Integration Contract from 2022 for building ground entry points, operations centers, and managing network operations. Leveraging Iridium's 20+ years of experience in operating a crosslinked low-Earth orbit (LEO) satellite constellation, the GDMS-Iridium team will deliver a forward-compatible, state-of-the-art ground system for SDA's Tranche 2 constellation. This includes services ranging from engineering design and analysis to testing, maintenance, and infrastructure management.