Market Summary
USD59.67+0.34
Delayedas of 25 May 2023, 11:12 am0.57%
IRDM Stock Price
IRDM RSI Chart
IRDM Valuation
IRDM Price/Sales (Trailing)
IRDM Profitability
IRDM Fundamentals
IRDM Revenue
IRDM Earnings
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
IRDM Investor Care
Peers (Alternatives to Iridium Communications)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
TMUS | 168.7B | 79.1B | -4.02% | 8.34% | 44.19 | 2.13 | -1.73% | 36.13% |
VZ | 150.9B | 136.2B | -3.32% | -27.13% | 6.99 | 1.11 | 1.41% | 0.86% |
T | 141.6B | 121.2B | -9.01% | -22.27% | -16.61 | 1.17 | -5.24% | -152.51% |
CHTR | 50.2B | 54.5B | 0.12% | -30.85% | 9.82 | 0.92 | 4.04% | -1.50% |
SIRI | 13.7B | 9.0B | -6.61% | -42.07% | 12.04 | 1.53 | 1.54% | -19.02% |
| MID-CAP | ||||||||
IRDM | 7.5B | 758.1M | -10.50% | 63.67% | 476.68 | 9.86 | 19.16% | 1294.59% |
CCOI | 3.0B | 604.0M | -9.98% | 7.34% | 575.88 | 4.91 | 2.00% | -89.32% |
GSAT | 1.9B | 174.4M | 10.17% | -5.98% | -7.22 | 12.49 | 33.99% | -147.98% |
| SMALL-CAP | ||||||||
IDT | 826.8M | 1.3B | -0.22% | 20.53% | 17.36 | 0.64 | -12.12% | -40.52% |
ATEX | 615.3M | 618.0K | -3.03% | -23.14% | -14.35 | 995.65 | 364.66% | -14.53% |
ATNI | 601.0M | 739.5M | -1.81% | -13.00% | -79.26 | 0.81 | 13.73% | 63.56% |
CNSL | 412.9M | 1.2B | -6.84% | -43.45% | 2.33 | 0.35 | -7.21% | 202.68% |
BAND | 356.5M | 579.6M | -15.55% | -44.12% | 18.22 | 0.62 | 13.92% | 203.93% |
OOMA | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 5.1% | 758 | 721 | 683 | 661 | 636 |
| S&GA Expenses | 10.2% | 136 | 124 | 115 | 109 | 104 |
| R&D Expenses | 7.8% | 17.00 | 16.00 | 14.00 | 12.00 | 12.00 |
| Costs and Expenses | 5.1% | 677 | 644 | 615 | 595 | 580 |
| EBITDA | 0.5% | 247 | 246 | 244 | 229 | - |
| EBITDA Margin | -4.8% | 0.34* | 0.36* | 0.37* | 0.36* | - |
| Earnings Before Taxes | 9.9% | 10.00 | 9.00 | 5.00 | 2.00 | -10.44 |
| EBT Margin | 65.6% | 0.01* | 0.01* | 0.00* | -0.02* | - |
| Interest Expenses | -5.1% | -68.40 | -65.09 | -62.88 | -62.86 | -65.71 |
| Net Income | 79.7% | 16.00 | 9.00 | 4.00 | -0.59 | -1.31 |
| Net Income Margin | 126.6% | 0.01* | 0.01* | 0.00* | 0.00* | - |
| Free Cahsflow | -4.2% | 273 | 285 | 289 | 272 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -2.8% | 2,872 | 2,954 | 3,063 | 3,077 | 3,077 |
| Current Assets | -9.0% | 279 | 306 | 358 | 343 | 351 |
| Cash Equivalents | -25.0% | 127 | 169 | 219 | 227 | 232 |
| Inventory | -6.1% | 37.00 | 40.00 | 39.00 | 28.00 | 28.00 |
| Net PPE | -2.0% | 2,384 | 2,433 | 2,480 | 2,541 | 2,596 |
| Liabilities | -2.2% | 1,786 | 1,825 | 1,917 | 1,896 | 1,885 |
| Current Liabilities | -17.8% | 116 | 142 | 127 | 106 | 96.00 |
| Long Term Debt | -0.2% | 1,589 | 1,592 | 1,595 | - | - |
| Shareholder's Equity | -3.8% | 1,086 | 1,129 | 1,145 | 1,181 | 1,192 |
| Retained Earnings | -74.1% | -83.12 | -47.74 | -37.76 | 21.00 | 43.00 |
| Additional Paid-In Capital | 0.2% | 1,127 | 1,125 | 1,126 | 1,128 | 1,127 |
| Shares Outstanding | 0.0% | 126 | 126 | 126 | 127 | 130 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 0.9% | 348 | 345 | 344 | 342 | 318 |
| Share Based Compensation | 10.3% | 48.00 | 44.00 | 38.00 | 32.00 | 30.00 |
| Cashflow From Investing | -15.9% | -140 | -121 | -107 | -98.46 | -40.53 |
| Cashflow From Financing | 16.9% | -311 | -374 | -306 | -232 | -260 |
| Dividend Payments | -Infinity% | -65.71 | 0.00 | - | - | - |
| Buy Backs | -31.5% | 176 | 257 | 288 | 210 | 238 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Iridium Communications News
Schedule 13G FIlings of Iridium Communications
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
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
2023-03-31Condensed 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 development | 3,878 | 2,619 |
| Selling, general and administrative | 38,684 | 26,103 |
| Depreciation and amortization | 75,819 | 75,661 |
| Total operating expenses | 182,125 | 148,986 |
| Operating income | 23,148 | 19,233 |
| Other expense, net: | ||
| Interest expense, net | (17,890) | (14,577) |
| Other income (expense), net | 219 | (8) |
| Total other expense, net | (17,671) | (14,585) |
| Income before income taxes | 5,477 | 4,648 |
| 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, Basic | 127,058 | 130,298 |
| Weighted Average Number of Shares Outstanding, Diluted | 128,738 | 131,842 |
| Earnings Per Share, Basic and Diluted | $ 0.08 | $ 0.02 |
| Comprehensive income: | ||
| Net income | $ 9,775 | $ 2,824 |
| Foreign currency translation adjustments | 91 | 1,275 |
| Unrealized Gain on Cash Flow Hedging, net of tax | (9,656) | 27,992 |
| Comprehensive income | 210 | 32,091 |
| Services | ||
| Revenue: | ||
| Total revenue | 139,349 | 126,109 |
| Operating expenses: | ||
| Cost of Goods and Services Sold | 36,605 | 24,098 |
| Subscriber equipment | ||
| Revenue: | ||
| Total revenue | 41,676 | 33,744 |
| Operating expenses: | ||
| Cost of Goods and Services Sold | 27,139 | 20,505 |
| Engineering and support services | ||
| Revenue: | ||
| Total revenue | $ 24,248 | $ 8,366 |
IRDM Balance Sheet
2023-03-31Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 126,592 | $ 168,770 |
| Accounts receivable, net | 100,636 | 82,273 |
| Inventory | 37,335 | 39,776 |
| Prepaid expenses and other current assets | 14,162 | 15,385 |
| Total current assets | 278,725 | 306,204 |
| Property and equipment, net | 2,383,570 | 2,433,305 |
| Equity Method Investments | 72,018 | 49,853 |
| Other assets | 95,150 | 122,072 |
| Intangible assets, net | 42,187 | 42,577 |
| Total assets | 2,871,650 | 2,954,011 |
| Current liabilities: | ||
| Short-term secured debt | 16,500 | 16,500 |
| Accounts payable | 23,674 | 21,372 |
| Accrued expenses and other current liabilities | 43,402 | 67,963 |
| Deferred revenue | 32,745 | 35,742 |
| Total current liabilities | 116,321 | 141,577 |
| Long-term secured debt, net | 1,467,601 | 1,470,685 |
| Deferred income tax liabilities, net | 142,704 | 151,569 |
| Deferred revenue, net of current portion | 44,049 | 45,265 |
| Other long-term liabilities | 15,385 | 16,360 |
| Total liabilities | 1,786,060 | 1,825,456 |
| 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, respectively | 126 | 126 |
| Additional paid-in capital | 1,126,586 | 1,124,610 |
| Accumulated deficit | (83,120) | (47,744) |
| Accumulated other comprehensive income, net of tax | 41,998 | 51,563 |
| Total stockholders’ equity | 1,085,590 | 1,128,555 |
| Total liabilities and stockholders’ equity | $ 2,871,650 | $ 2,954,011 |