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IRDM

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

31.48USD+1.04 (+3.42%)Market Closed

Market Summary

IRDM
USD31.48+1.04
Market Closed
3.42%

IRDM Alerts

  • Big jump in Earnings (Y/Y)

IRDM Stock Price

View Fullscreen

IRDM RSI Chart

IRDM Valuation

Market Cap

3.9B

Price/Earnings (Trailing)

153.28

Price/Sales (Trailing)

4.91

EV/EBITDA

23.54

Price/Free Cashflow

15.37

IRDM Price/Sales (Trailing)

IRDM Profitability

EBT Margin

2.39%

Return on Equity

2.96%

Return on Assets

0.92%

Free Cashflow Yield

6.51%

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

5.7%

Last 30 days

27.4%

Last 90 days

4.5%

Trailing 12 Months

-47.0%

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)

3.07%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024789.3M000
2023758.1M776.3M789.8M790.7M
2022636.2M661.2M683.1M721.0M
2021584.7M594.4M605.1M614.5M
2020572.0M569.1M575.8M583.4M
2019537.5M545.7M553.7M560.4M
2018462.8M486.1M506.3M523.0M
2017433.9M436.3M440.0M448.0M
2016418.6M425.8M432.6M433.6M
2015407.5M406.9M405.5M411.4M
2014391.5M399.3M406.3M408.6M
2013379.2M376.6M376.7M382.6M
2012386.5M387.9M386.2M383.5M
2011357.7M369.7M377.3M384.3M
20100166.7M257.4M348.2M
200900076.0M

Tracking the Latest Insider Buys and Sells of Iridium Communications Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold IRDM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 17, 2024
New Covenant Trust Company, N.A.
new
-
8,580
8,580
0.01%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-40.97
-1,808,370
1,085,800
-%
May 16, 2024
COMERICA BANK
reduced
-4.2
-819,711
1,275,990
-%
May 16, 2024
Ancora Advisors LLC
sold off
-100
-14,818
-
-%
May 16, 2024
Tidal Investments LLC
new
-
1,626,390
1,626,390
0.03%
May 16, 2024
HANCOCK WHITNEY CORP
reduced
-7.63
-167,483
238,109
0.01%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.56
-2,015,700
2,947,870
-%
May 16, 2024
Global Financial Private Client, LLC
unchanged
-
-1,426
2,443
-%
May 15, 2024
Cipher Capital LP
added
63.25
18,008
497,563
0.23%
May 15, 2024
Royal Bank of Canada
reduced
-41.11
-1,562,000
933,000
-%

1–10 of 43

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

Unveiling Iridium Communications Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
192.2B
78.5B
2.44% 18.69%
21.96
2.45
-0.71% 129.26%
168.8B
134.0B
0.68% 10.85%
14.93
1.26
-1.58% -47.62%
124.8B
122.3B
7.94% 5.14%
11.91
1.02
0.95% 215.07%
39.5B
54.6B
5.81% -20.55%
8.33
0.72
0.29% -3.30%
MID-CAP
2.9B
1.1B
-4.52% -5.39%
2.41
2.75
74.42% 11734.07%
2.8B
610.8M
13.95% 29.84%
14.5
4.52
9.29% 5.25%
2.3B
221.6M
-6.98% 9.09%
-65.61
10.19
27.11% 85.65%
2.2B
1.7B
-1.57% -42.79%
8.46
1.31
-2.39% 114.34%
SMALL-CAP
1.0B
9.2B
15.90% -21.53%
169.3
0.11
-3.42% -74.28%
619.5M
3.5M
5.79% 7.52%
39.15
175.05
115.01% 136.91%
511.6M
1.1B
1.17% 13.98%
-1.81
0.46
-5.01% -258.89%
399.0M
763.2M
-4.12% -29.65%
-20.31
0.52
3.21% -54.92%
104.1M
55.0M
-8.43% 135.54%
62.95
1.89
31.29% 104.62%
-
15.0B
- -100.00%
-
-
-8.14% -163.76%

Iridium Communications Inc News

Latest updates
Defense World14 hours ago
Yahoo Finance09 May 202407:00 am
PR Newswire18 Apr 202407:00 am

Iridium Communications Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In null)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue4.7%204195198193205194184175168156162150147147151140145139145143134
Costs and Expenses3.8%154148169209182175166154149145147138138141139134133139137139135
  S&GA Expenses7.3%37.0034.0033.0037.0039.0037.0032.0029.0026.0028.0026.0024.0023.0027.0021.0021.0021.0025.0023.0021.0024.00
  R&D Expenses25.7%7.006.005.006.004.006.005.003.003.004.003.003.003.004.003.002.002.004.003.004.004.00
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 Taxes182.8%8.00-9.58-6.00-5.21-5.45-0.69-2.101.002.000.00-1.46-10.00-8.60-9.97-5.70-4.58-12.70-34.17-4.44-7.76-9.74
Earnings Before Taxes-3.5%29.0030.00-6.20-34.276.00-0.010.006.005.00-5.39-3.54-6.15-13.80-17.88-9.70-17.00-44.40-142-22.46-25.87-27.76
EBT Margin498.2%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%20.0038.00-1.64-30.7410.00-0.812.005.003.00-5.88-2.084.00-5.18-7.92-4.00-12.42-31.70-107-18.01-18.11-18.02
Net Income Margin64.4%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%57.0072.0059.0065.0046.0064.0075.0082.0052.0076.0078.0065.0041.0061.0064.0055.00-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets2.8%2,7362,6622,7062,7802,8722,9543,0633,0773,0773,1813,2063,2013,2673,3613,3663,3743,3913,6243,8273,9174,026
  Current Assets39.0%377271253269279306358343351424393322322348287229180343294321397
    Cash Equivalents142.1%17472.0068.0010312716921922723232128721321523718311967.00224367370469
  Inventory1.5%93.0091.0071.0056.0037.0040.0039.0028.0028.0029.0023.0028.0030.0032.0033.0037.0038.0040.0039.0037.0035.00
  Net PPE-1.7%2,1582,1962,2292,2912,3842,4332,4802,5412,5962,6622,7202,7862,8512,9172,9813,0463,1113,1813,2393,3043,337
Liabilities6.1%1,8821,7741,7811,7801,7861,8251,9171,8961,8851,8931,8841,8871,9031,9421,9501,9651,9772,1642,2682,3442,440
  Current Liabilities-14.1%11313211912411614212710696.0010993.0087.0088.0011310110289.00114323285376
  Short Term Borrowings-100.0%-15.00---17.00---------------
  Long Term Debt-100.0%-1,467---1,471---------------
Shareholder's Equity-3.9%8548889251,0001,0861,1291,1451,1811,1921,2881,3221,3141,3641,4191,4151,4091,4141,4591,5591,5731,587
  Retained Earnings-8.9%-256-235-233-170-83.12-47.74-37.7621.0043.00141176181225276284288300332440458484
  Additional Paid-In Capital-1.8%1,0701,0891,1051,1191,1271,1251,1261,1281,1271,1541,1551,1461,1531,1611,1521,1421,1361,1341,1271,1221,111
Shares Outstanding0.3%123123125126127126128129130134134134135133134133-----
Float----5,079---3,627---3,411---2,895---2,601-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-18.7%71,42687,80771,11687,04868,94290,27188,89399,79565,77089,73787,17075,20150,76670,63074,60563,71940,81355,69078,36515,96848,120
  Share Based Compensation17.1%14,00011,95315,94516,79112,76612,10613,7029,6848,2406,6957,5487,6334,9064,1544,7654,0973,6983,6144,1344,0633,327
Cashflow From Investing10.1%-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 Financing166.3%45,524-68,681-93,430-86,980-77,961-111,187-83,025-39,442-141,326-42,738-8,509-67,958-63,264294603-3,058-186,025-184,597-71,242-56,081-1,360
  Dividend Payments0.3%16,05516,00116,11216,25916,428----------------
  Buy Backs10.3%57,24051,88075,37466,64253,1237,66680,22934,998134,16638,3362,63863,13359,335--------
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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 development7,1983,878
Selling, general and administrative36,81138,684
Depreciation and amortization49,74475,819
Total operating expenses154,082182,125
Operating income49,77123,148
Other income (expense), net:  
Interest expense, net(20,663)(17,890)
Other income, net43219
Total other expense, net(20,620)(17,671)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest29,1515,477
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, Basic123,151127,058
Weighted Average Number of Shares Outstanding, Diluted123,993128,738
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 tax6,733(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 Sold46,44936,605
Subscriber equipment  
Revenue:  
Total revenue24,86841,676
Operating expenses:  
Cost of Goods and Services Sold13,88027,139
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, net93,02591,715
Inventory92,53891,135
Prepaid expenses and other current assets17,20416,364
Total current assets376,792271,084
Property and equipment, net2,158,2502,195,758
Equity Method Investments65,55667,130
Other assets94,38386,708
Intangible assets, net40,97741,095
Total assets2,735,9582,661,775
Current liabilities:  
Short-term secured debt16,25015,000
Accounts payable22,55428,671
Accrued expenses and other current liabilities42,92854,826
Deferred revenue31,26933,057
Total current liabilities113,001131,554
Long-term secured debt, net1,587,5071,467,490
Deferred income tax liabilities, net123,767114,642
Deferred revenue, net of current portion42,43443,965
Other long-term liabilities15,56416,025
Total liabilities1,882,2731,773,676
Commitments and contingencies
Stockholders’ equity:  
Additional paid-in capital1,069,6381,089,466
Accumulated deficit(256,319)(235,397)
Accumulated other comprehensive income, net of tax40,24433,907
Total stockholders’ equity853,685888,099
Total liabilities and stockholders’ equity2,735,9582,661,775
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
IRDM
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
 WEBSITEiridium.com
 INDUSTRYTelecom Services
 EMPLOYEES658

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 May 17 2024, market cap of Iridium Communications Inc is 3.88 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 May 17 2024, IRDM's PE ratio (Price to Earnings) is 153.28 and Price to Sales (PS) ratio is 4.91. 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 0.156 (multiply by 100 for percentage) rate of return.