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Iridium Communications Inc Stock Research

IRDM

59.67USD+0.34(+0.57%)Delayedas of 25 May 2023, 11:12 am

Market Summary

USD59.67+0.34
Delayedas of 25 May 2023, 11:12 am
0.57%

IRDM Alerts

IRDM Stock Price

IRDM RSI Chart

IRDM Valuation

Market Cap

7.5B

Price/Earnings (Trailing)

476.68

Price/Sales (Trailing)

9.86

EV/EBITDA

29.96

Price/Free Cashflow

27.95

IRDM Price/Sales (Trailing)

IRDM Profitability

EBT Margin

1.25%

Return on Equity

0.77%

Return on Assets

0.3%

Free Cashflow Yield

3.58%

IRDM Fundamentals

IRDM Revenue

Revenue (TTM)

758.1M

Revenue Y/Y

22.03%

Revenue Q/Q

5.9%

IRDM Earnings

Earnings (TTM)

15.7M

Earnings Y/Y

246.14%

Earnings Q/Q

1.3K%

Price Action

52 Week Range

33.8868.34
(Low)(High)

Last 7 days

-1.8%

Last 30 days

-10.5%

Last 90 days

-6.1%

Trailing 12 Months

63.7%

IRDM Financial Health

Current Ratio

2.16

Debt/Equity

1.41

Debt/Cashflow

0.22

IRDM Investor Care

Buy Backs (1Y)

3.36%

Diluted EPS (TTM)

0.04

Peers (Alternatives to Iridium Communications)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
168.7B
79.1B
-4.02% 8.34%
44.19
2.13
-1.73% 36.13%
150.9B
136.2B
-3.32% -27.13%
6.99
1.11
1.41% 0.86%
141.6B
121.2B
-9.01% -22.27%
-16.61
1.17
-5.24% -152.51%
50.2B
54.5B
0.12% -30.85%
9.82
0.92
4.04% -1.50%
13.7B
9.0B
-6.61% -42.07%
12.04
1.53
1.54% -19.02%
MID-CAP
7.5B
758.1M
-10.50% 63.67%
476.68
9.86
19.16% 1294.59%
3.0B
604.0M
-9.98% 7.34%
575.88
4.91
2.00% -89.32%
1.9B
174.4M
10.17% -5.98%
-7.22
12.49
33.99% -147.98%
SMALL-CAP
826.8M
1.3B
-0.22% 20.53%
17.36
0.64
-12.12% -40.52%
615.3M
618.0K
-3.03% -23.14%
-14.35
995.65
364.66% -14.53%
601.0M
739.5M
-1.81% -13.00%
-79.26
0.81
13.73% 63.56%
412.9M
1.2B
-6.84% -43.45%
2.33
0.35
-7.21% 202.68%
356.5M
579.6M
-15.55% -44.12%
18.22
0.62
13.92% 203.93%
317.5M
-
-0.70% -6.82%
-86.87
1.6
12.95% -108.74%

Financials for Iridium Communications

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue5.1%758721683661636
  S&GA Expenses10.2%136124115109104
  R&D Expenses7.8%17.0016.0014.0012.0012.00
Costs and Expenses5.1%677644615595580
EBITDA0.5%247246244229-
EBITDA Margin-4.8%0.34*0.36*0.37*0.36*-
Earnings Before Taxes9.9%10.009.005.002.00-10.44
EBT Margin65.6%0.01*0.01*0.00*-0.02*-
Interest Expenses-5.1%-68.40-65.09-62.88-62.86-65.71
Net Income79.7%16.009.004.00-0.59-1.31
Net Income Margin126.6%0.01*0.01*0.00*0.00*-
Free Cahsflow-4.2%273285289272-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-2.8%2,8722,9543,0633,0773,077
  Current Assets-9.0%279306358343351
    Cash Equivalents-25.0%127169219227232
  Inventory-6.1%37.0040.0039.0028.0028.00
  Net PPE-2.0%2,3842,4332,4802,5412,596
Liabilities-2.2%1,7861,8251,9171,8961,885
  Current Liabilities-17.8%11614212710696.00
  Long Term Debt-0.2%1,5891,5921,595--
Shareholder's Equity-3.8%1,0861,1291,1451,1811,192
  Retained Earnings-74.1%-83.12-47.74-37.7621.0043.00
  Additional Paid-In Capital0.2%1,1271,1251,1261,1281,127
Shares Outstanding0.0%126126126127130
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations0.9%348345344342318
  Share Based Compensation10.3%48.0044.0038.0032.0030.00
Cashflow From Investing-15.9%-140-121-107-98.46-40.53
Cashflow From Financing16.9%-311-374-306-232-260
  Dividend Payments-Infinity%-65.710.00---
  Buy Backs-31.5%176257288210238

Risks for IRDM

What is the probability of a big loss on IRDM?

81.9%


Probability that Iridium Communications stock will be more than 20% underwater in next one year

48.9%


Probability that Iridium Communications stock will be more than 30% underwater in next one year.

0%


Probability that Iridium Communications stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IRDM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Iridium Communications was unfortunately bought at previous high price.

Drawdowns

Returns for IRDM

Cumulative Returns on IRDM

23.5%


10-Year Cumulative Returns

31.6%


7-Year Cumulative Returns

35.0%


5-Year Cumulative Returns

39.2%


3-Year Cumulative Returns

What are the long-term rolling returns for IRDM?

FIve years rolling returns for Iridium Communications.

Annualized Returns

Which funds bought or sold IRDM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
BROOKFIELD Corp /ON/
sold off
-100
-1,740,820
-
-%
2023-05-23
Front Row Advisors LLC
unchanged
-
1,000
5,000
-%
2023-05-22
PUTNAM INVESTMENTS LLC
added
103
10,018,300
16,911,200
0.03%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-1.73
1,895,810
12,196,800
-%
2023-05-22
Raleigh Capital Management Inc.
added
5.36
782
3,660
-%
2023-05-18
JPMORGAN CHASE & CO
added
31.26
12,464,600
33,900,600
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
24.76
2,997,000
8,952,000
0.01%
2023-05-17
Advisory Services Network, LLC
unchanged
-
18,200
106,905
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-0.92
333,000
2,053,000
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-32.59
-393,765
1,403,220
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying IRDM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own IRDM
No. of Funds

Iridium Communications News

MarketBeat
Upbeat Analysts Project Promising Prospects For Iridium Stock.
MarketBeat,
2 hours ago
Seeking Alpha
InvestorPlace
Seeking Alpha
The Motley Fool
Best Russell 2000 ETFs to Buy in 2023.
The Motley Fool,
29 days ago

Schedule 13G FIlings of Iridium Communications

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Mar 11, 2022
baralonco ltd
8.1%
10,432,489
SC 13D/A
Feb 11, 2022
capital international investors
5.9%
7,752,284
SC 13G/A
Feb 09, 2022
ark investment management llc
7.67%
10,136,671
SC 13G/A
Jan 27, 2022
blackrock inc.
11.9%
15,668,951
SC 13G/A

IRDM Fair Value

Recent SEC filings of Iridium Communications

View All Filings
Date Filed Form Type Document
May 11, 2023
144
Notice of Insider Sale Intent
May 10, 2023
3
Insider Trading
May 05, 2023
144
Notice of Insider Sale Intent
May 05, 2023
4
Insider Trading
May 05, 2023
8-K
Current Report
May 02, 2023
4
Insider Trading
May 01, 2023
144
Notice of Insider Sale Intent
Apr 26, 2023
4
Insider Trading
Apr 25, 2023
144
Notice of Insider Sale Intent
Apr 20, 2023
10-Q
Quarterly Report

Latest Insider Trading transactions for IRDM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-03
Hartin Bryan J.
sold
-1,803,710
64.8
-27,835
evp-sales and marketing
2023-05-03
Hartin Bryan J.
acquired
107,116
9.45
11,335
evp-sales and marketing
2023-05-01
NIEHAUS ROBERT H
sold
-3,552,560
63.6934
-55,776
-
2023-05-01
NIEHAUS ROBERT H
acquired
345,811
6.2
55,776
-
2023-04-25
Hartin Bryan J.
sold
-536,595
66.01
-8,129
evp-sales and marketing
2023-04-25
Hartin Bryan J.
acquired
34,936
9.45
3,697
evp-sales and marketing
2023-04-01
Morgan Kathleen A.
sold (taxes)
-42,236
61.93
-682
chief legal officer
2023-03-30
WEST BARRY
acquired
-
-
92.5
-
2023-03-30
Canfield Thomas C
acquired
-
-
404
-
2023-03-30
Olson Eric T
acquired
-
-
257
-

1–10 of 50

Matthew J. Desch
540
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, personal connectivity devices, 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. was founded in 2000 and is headquartered in McLean, Virginia.

IRDM Income Statement

2023-03-31
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:  
Total revenue$ 205,273$ 168,219
Operating expenses:  
Research and development3,8782,619
Selling, general and administrative38,68426,103
Depreciation and amortization75,81975,661
Total operating expenses182,125148,986
Operating income23,14819,233
Other expense, net:  
Interest expense, net(17,890)(14,577)
Other income (expense), net219(8)
Total other expense, net(17,671)(14,585)
Income before income taxes5,4774,648
Income tax benefit (expense)5,453(1,824)
Income (Loss) from Equity Method Investments(1,155)0
Net income$ 9,775$ 2,824
Weighted Average Number of Shares Outstanding, Basic127,058130,298
Weighted Average Number of Shares Outstanding, Diluted128,738131,842
Earnings Per Share, Basic and Diluted$ 0.08$ 0.02
Comprehensive income:  
Net income$ 9,775$ 2,824
Foreign currency translation adjustments911,275
Unrealized Gain on Cash Flow Hedging, net of tax(9,656)27,992
Comprehensive income21032,091
Services  
Revenue:  
Total revenue139,349126,109
Operating expenses:  
Cost of Goods and Services Sold36,60524,098
Subscriber equipment  
Revenue:  
Total revenue41,67633,744
Operating expenses:  
Cost of Goods and Services Sold27,13920,505
Engineering and support services  
Revenue:  
Total revenue$ 24,248$ 8,366

IRDM Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 126,592$ 168,770
Accounts receivable, net100,63682,273
Inventory37,33539,776
Prepaid expenses and other current assets14,16215,385
Total current assets278,725306,204
Property and equipment, net2,383,5702,433,305
Equity Method Investments72,01849,853
Other assets95,150122,072
Intangible assets, net42,18742,577
Total assets2,871,6502,954,011
Current liabilities:  
Short-term secured debt16,50016,500
Accounts payable23,67421,372
Accrued expenses and other current liabilities43,40267,963
Deferred revenue32,74535,742
Total current liabilities116,321141,577
Long-term secured debt, net1,467,6011,470,685
Deferred income tax liabilities, net142,704151,569
Deferred revenue, net of current portion44,04945,265
Other long-term liabilities15,38516,360
Total liabilities1,786,0601,825,456
Commitments and contingencies
Stockholders’ equity:  
Common stock, $0.001 par value, 300,000 shares authorized, 125,924 and 125,902 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively126126
Additional paid-in capital1,126,5861,124,610
Accumulated deficit(83,120)(47,744)
Accumulated other comprehensive income, net of tax41,99851,563
Total stockholders’ equity1,085,5901,128,555
Total liabilities and stockholders’ equity$ 2,871,650$ 2,954,011