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IRDM

51.52USD-0.88(-1.68%)Market Closed

Iridium Communications Inc

Market Summary

USD51.52-0.88Market Closed
-1.68%

IRDM Alerts

IRDM Stock Price

RSI Chart

Valuation

Market Cap

6.4B

Price/Earnings

1.7K

Price/Sales

9.31

Price/Cashflow

18.48

MarketCap/EBT

1.2K

Price/Sales

Profitability

EBT Margin

0.76%

Return on Equity

0.32%

Return on Assets

0.12%

Fundamentals

Revenue

Revenue (TTM)

683.1M

Revenue Y/Y

13.51%

Revenue Q/Q

5.23%

Earnings

Earnings (TTM)

3.6M

Earnings Y/Y

203.07%

Earnings Q/Q

-52.84%

Price Action

52 Week Range

31.7353.61
(Low)(High)

Last 7 days

0.9%

Last 30 days

1.8%

Last 90 days

15.7%

Trailing 12 Months

35.4%

Financial Health

Current Ratio

2.82

Debt/Equity

1.39

Debt/Cashflow

0.22

Investor Care

Buy Backs (1Y)

4.95%

Diluted EPS (TTM)

0.06

Peers (Alternatives to Iridium Communications)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
188.8B
80.1B
-0.73% 32.04%
122.97
2.36
0.51% -54.21%
158.3B
135.7B
1.51% -22.14%
8.2
1.17
1.05% -12.47%
131.7B
148.6B
1.84% 9.31%
6.61
0.89
-15.56% 1123.52%
60.4B
53.6B
4.41% -42.86%
11.05
1.13
4.83% 27.48%
24.0B
9.0B
3.80% 8.81%
19.02
2.69
4.60% 266.98%
MID-CAP
6.4B
683.1M
1.78% 35.37%
1.7K
9.31
12.88% 132.10%
5.4B
1.4B
25.09% 48.13%
-130.58
3.75
11.81% -25.61%
3.7B
136.7M
-7.39% 31.47%
-35.8
26.74
10.98% 2.30%
2.6B
594.8M
9.95% -19.48%
58.16
4.33
1.42% -1.11%
SMALL-CAP
683.3M
1.4B
-1.33% -55.51%
14.08
0.48
0.57% -38.78%
676.4M
721.3M
8.86% 13.84%
-21.38
0.96
33.86% -715.02%
652.8M
425.0K
1.04% -42.03%
-13.34
3.1K
2756.25% -1.10%
580.4M
1.2B
-8.95% -41.06%
-5.31
0.47
-5.90% 0.45%
388.6M
202.7M
-3.13% -20.32%
-455.52
1.92
12.67% 63.45%
308.4M
542.3M
66.56% -72.51%
-10.94
0.59
13.50% 43.66%

Financials for Iridium Communications

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue3.3%683661636615605
  S&GA Expenses5.7%115109104100100
  R&D Expenses16.9%1412121212
Earnings Before Taxes240.6%52-10.48-28.89-41.41
Net Income720.1%4-0.59-1.31-9.32-11.36
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-0.5%3,0633,0773,0773,1813,206
  Current Assets4.5%358343351424393
    Cash Equivalents-3.7%219227232321287
  Inventory41.1%3928282923
  Net PPE-2.4%2,4802,5412,5962,6622,720
Liabilities1.2%1,9171,8961,8851,8931,884
  Current Liabilities19.7%1271069610993
  Long Term Debt-0.2%1,5891,5921,5951,5821,601
    LT Debt, Current-17----
Shareholder's Equity-3.0%1,1451,1811,1921,2881,322
  Retained Earnings-279.7%-37.762143141176
  Additional Paid-In Capital0.1%1,1281,1271,1541,155-
Accumulated Depreciation-1,253----
Shares Outstanding-1.2%126127128131132
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations0.5%344342318303284
  Share Based Compensation19.1%3832302724
Cashflow From Investing-9.1%-107.39-98.46-40.53-36.38-40.95
Cashflow From Financing-32.1%-306.53-232.01-260.53-182.47-139.44
  Buy Backs40.5%288205233163120

Risks

What is the probability of a big loss on IRDM?

81.2%


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.

Returns

Cumulative Returns on IRDM

23.7%


10-Year Cumulative Returns

30.1%


7-Year Cumulative Returns

33.2%


5-Year Cumulative Returns

30.3%


3-Year Cumulative Returns

What are the long-term rolling returns for IRDM?

FIve years rolling returns for Iridium Communications.

Which funds bought or sold IRDM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
727,000
727,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-2.34
883,000
6,630,000
0.01%
2022-11-16
Neo Ivy Capital Management
NEW
-
6,000
6,000
0.02%
2022-11-16
Front Row Advisors LLC
NEW
-
4,000
4,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
27.24
139,000
414,000
-%
2022-11-16
Retirement Systems of Alabama
REDUCED
-1.41
1,043,000
7,376,000
0.03%
2022-11-15
JANE STREET GROUP, LLC
NEW
-
1,054,000
1,054,000
-%
2022-11-15
CIBC Private Wealth Group, LLC
UNCHANGED
-
124,000
806,000
-%
2022-11-15
HARBOUR INVESTMENTS, INC.
UNCHANGED
-
-
38,000
-%
2022-11-15
UNITED SERVICES AUTOMOBILE ASSOCIATION
UNCHANGED
-
96,000
627,000
0.02%

1–10 of 46

Latest Funds Activity

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

Iridium Communications News

Yahoo Finance UK

Returns On Capital At Iridium Communications (NASDAQ:IRDM) Paint A Concerning Picture.8 days ago

GuruFocus.com

IRDM Fair Value

Recent SEC filings of Iridium Communications

View All Filings
Date Filed Form Type Document
Nov 08, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 03, 2022
4
Insider Trading
Nov 03, 2022
4
Insider Trading
Nov 03, 2022
4
Insider Trading
Nov 02, 2022
4
Insider Trading
Nov 01, 2022
4
Insider Trading
Oct 20, 2022
10-Q
Quarterly Report
Oct 20, 2022
8-K
Current Report
Oct 07, 2022
4
Insider Trading

Latest Insider Trading transactions for IRDM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-07
DESCH MATTHEW J
SOLD
-644,950
52.21
-12,353
Chief Executive Officer
2022-11-07
Kapalka Timothy
ACQUIRED
70,312.5
11.25
6,250
CAO Iridium Satellite LLC
2022-11-07
Kapalka Timothy
SOLD
-328,125
52.5
-6,250
CAO Iridium Satellite LLC
2022-11-04
DESCH MATTHEW J
SOLD
-5,195
51.95
-100
Chief Executive Officer
2022-11-02
DESCH MATTHEW J
SOLD
-945,304
52.08
-18,151
Chief Executive Officer
2022-11-01
Morgan Kathleen A.
SOLD
-156,000
52
-3,000
Chief Legal Officer
2022-11-01
FITZPATRICK THOMAS
ACQUIRED
401,756
6.52
61,619
Chief Financial Officer
2022-11-01
DESCH MATTHEW J
SOLD
-1,064,190
51.97
-20,477
Chief Executive Officer
2022-11-01
FITZPATRICK THOMAS
SOLD
-3,204,190
52
-61,619
Chief Financial Officer
2022-11-01
Rush Parker William
SOLD
-1,422,880
52
-27,363
-

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

2022-09-30
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:    
Total revenue$ 184,060$ 162,159$ 527,198$ 458,613
Operating expenses:    
Research and development4,8652,81510,4708,156
Selling, general and administrative32,14025,89786,90572,524
Depreciation and amortization76,39777,688227,739229,266
Total operating expenses166,186147,130469,292422,973
Operating income17,87415,02957,90635,640
Other expense, net:    
Interest expense, net(17,632)(17,614)(46,989)(58,013)
Loss on extinguishment of debt0(879)0(879)
Other expense, net(146)(81)(374)(225)
Total other expense, net(17,778)(18,574)(47,363)(59,117)
Income (loss) before income taxes96(3,545)10,543(23,477)
Income tax benefit (expense)2,0531,460(1,013)20,042
Net income (loss)$ 2,149$ (2,085)$ 9,530$ (3,435)
Weighted Average Number of Shares Outstanding, Basic127,697132,869128,800133,763
Weighted Average Number of Shares Outstanding, Diluted129,075132,869130,284133,763
Earnings Per Share, Basic and Diluted$ 0.02$ (0.02)$ 0.07$ (0.03)
Comprehensive income:    
Net income (loss)$ 2,149$ (2,085)$ 9,530$ (3,435)
Foreign currency translation adjustments(366)(592)115(171)
Unrealized Gain on Cash Flow Hedging, net of tax25,5373,04063,9717,122
Comprehensive income$ 27,320$ 363$ 73,616$ 3,516
Earnings Per Share, Diluted$ 0.04$ 0.03$ 0.06$ (0.01)
Services    
Revenue:    
Total revenue$ 138,977$ 127,774$ 397,947$ 365,247
Operating expenses:    
Cost of Goods and Services Sold34,37825,18683,79671,784
Subscriber equipment    
Revenue:    
Total revenue27,95926,89895,46272,607
Operating expenses:    
Cost of Goods and Services Sold18,40615,54460,38241,243
Engineering and support services    
Revenue:    
Total revenue$ 17,124$ 7,487$ 33,789$ 20,759

IRDM Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 218,762$ 320,913
Accounts receivable, net86,84763,410
Inventory39,22229,044
Prepaid expenses and other current assets13,39511,043
Total current assets358,226424,410
Property and equipment, net2,480,2962,662,336
Other assets181,23550,050
Intangible assets, net42,83543,999
Total assets3,062,5923,180,795
Current liabilities:  
Short-term secured debt16,50016,500
Accounts payable28,44816,196
Accrued expenses and other current liabilities46,06648,122
Deferred revenue35,82228,018
Total current liabilities126,836108,836
Long-term secured debt, net1,572,5261,581,516
Deferred income tax liabilities, net154,196134,279
Deferred revenue, net of current portion46,60548,070
Other long-term liabilities17,33220,147
Total liabilities1,917,4951,892,848
Commitments and contingencies
Stockholders’ equity:  
Common stock, $0.001 par value, 300,000 shares authorized, 125,759 and 131,342 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively126131
Additional paid-in capital1,125,7001,154,058
Retained earnings (accumulated deficit)(37,763)140,810
Accumulated other comprehensive income (loss), net of tax57,034(7,052)
Total stockholders’ equity1,145,0971,287,947
Total liabilities and stockholders’ equity$ 3,062,592$ 3,180,795