Grufity logoGrufity logo
ScreenerStocksFundsSectorsWatchlists
IRDM

Iridium Communications Inc

IRDM

40.58USD+0.82 (+2.06%)Market Closed
Watchlist

Market Summary

USD40.58+0.82
Market Closed
2.06%

IRDM Alerts

  • 1 major insider buys recently.
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

IRDM Stock Price

View Fullscreen

IRDM RSI Chart

IRDM Valuation

Market Cap

5.1B

Price/Earnings (Trailing)

-216.93

Price/Sales (Trailing)

6.43

EV/EBITDA

23.09

Price/Free Cashflow

21.75

IRDM Price/Sales (Trailing)

IRDM Profitability

EBT Margin

1.31%

Return on Equity

1.44%

Return on Assets

0.55%

Free Cashflow Yield

4.6%

IRDM Fundamentals

IRDM Revenue

Revenue (TTM)

789.8M

Revenue Y/Y

7.36%

Revenue Q/Q

2.33%

IRDM Earnings

Earnings (TTM)

-23.4M

Earnings Y/Y

-176.41%

Earnings Q/Q

94.66%

Price Action

Last 7 days

3.5%

Last 30 days

8.4%

Last 90 days

-14.8%

Trailing 12 Months

-19.8%

How does IRDM drawdown profile look like?

IRDM Financial Health

Current Ratio

2.4

IRDM Investor Care

Buy Backs (1Y)

1.97%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023758.1M776.3M789.8M0
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
2010144.0M212.1M280.1M348.2M
200900076.0M

Latest Insider Trading transactions for IRDM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 01, 2023
scheimreif scott
sold (taxes)
-51,286
39.21
-1,308
evp-government programs
Dec 01, 2023
mcbride suzanne e.
sold (taxes)
-85,791
39.21
-2,188
chief operations officer
Dec 01, 2023
morgan kathleen a.
sold (taxes)
-10,782
39.21
-275
chief legal officer
Dec 01, 2023
fitzpatrick thomas
sold (taxes)
-87,007
39.21
-2,219
chief financial officer
Dec 01, 2023
hartin bryan j.
sold (taxes)
-47,875
39.21
-1,221
evp-sales and marketing
Dec 01, 2023
kapalka timothy
sold (taxes)
-17,448
39.21
-445
cao iridium satellite llc
Dec 01, 2023
desch matthew j
sold (taxes)
-164,055
39.21
-4,184
chief executive officer
Nov 20, 2023
desch matthew j
bought
1,036,280
37.01
28,000
chief executive officer
Oct 01, 2023
morgan kathleen a.
sold (taxes)
-31,024
45.49
-682
chief legal officer
Sep 29, 2023
yeaney jacqueline e
acquired
-
-
7.00
-

1–10 of 50

Which funds bought or sold IRDM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
Raleigh Capital Management Inc.
sold off
-100
-5,468
-
-%
Dec 06, 2023
CITIGROUP INC
reduced
-88.35
-3,044,190
283,950
-%
Dec 01, 2023
PFS Partners, LLC
unchanged
-
-66,520
181,960
0.16%
Nov 27, 2023
USA FINANCIAL FORMULAS
reduced
-4.06
-43,269
102,216
0.15%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-11.44
-5,545,620
10,231,200
0.01%
Nov 22, 2023
Graham Capital Management, L.P.
sold off
-100
-206,238
-
-%
Nov 21, 2023
Alpine Global Management, LLC
sold off
-100
-323,583
-
-%
Nov 21, 2023
COMERICA BANK
reduced
-11.32
2,319,990
2,319,990
0.01%
Nov 21, 2023
BRAUN STACEY ASSOCIATES INC
reduced
-16.51
-7,173,760
11,287,000
0.55%
Nov 21, 2023
Walleye Trading LLC
added
1,006
678,699
774,240
-%

1–10 of 42

Latest Funds Activity

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

Schedule 13G FIlings of Iridium Communications Inc

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

Recent SEC filings of Iridium Communications Inc

View All Filings
Date Filed Form Type Document
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
4
Insider Trading
Dec 04, 2023
8-K
Current Report
Nov 21, 2023
4
Insider Trading
Nov 09, 2023
8-K
Current Report

Peers (Alternatives to Iridium Communications Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
181.7B
78.4B
6.66% 8.75%
23.36
2.32
-2.16% 406.84%
161.1B
134.1B
6.91% 3.07%
7.71
1.2
-1.15% 8.31%
121.6B
121.7B
8.12% -11.51%
-10.75
1
1.04% -156.42%
54.8B
54.6B
-11.11% -1.81%
11.33
1
1.89% -16.14%
MID-CAP
3.4B
820.8M
5.40% 22.41%
3.13
4.1
37.99% 4610.93%
3.0B
1.7B
-10.33% -27.75%
39.53
1.75
-1.25% -80.08%
2.8B
561.1M
24.87% 120.65%
13.36
4.94
23.99% 149.38%
2.7B
212.7M
8.09% -8.70%
-178.01
12.53
50.14% 94.57%
SMALL-CAP
2.4B
15.6B
25.21% -68.74%
1.93
0.16
-8.58% -35.94%
977.6M
9.3B
-13.31% -44.87%
-44.22
0.11
-5.05% -103.46%
681.1M
2.8M
20.56% 12.81%
91.09
239.32
95.87% 115.72%
509.1M
1.1B
4.80% 6.85%
5.55
0.45
-6.83% 183.85%
499.0M
755.3M
-1.26% -30.62%
-41.47
0.66
4.71% 61.97%
82.8M
50.5M
87.06% 69.15%
-2.51
1.64
43.78% -867.31%

Iridium Communications Inc News

Latest updates
MarketBeat07 Dec 202304:27 pm40 hours ago
MarketBeat06 Dec 202303:55 pm2 days ago
PR Newswire05 Dec 202312:01 pm3 days ago
한국경제04 Dec 202310:43 pm4 days ago
Simply Wall St04 Dec 202302:03 pm4 days ago
Yahoo Finance04 Dec 202310:52 am4 days ago
DirectorsTalk Interviews30 Nov 202302:23 pm8 days ago
GuruFocus.com28 Nov 202308:04 am11 days ago
Nasdaq27 Nov 202308:00 am12 days ago
Yahoo Finance22 Nov 202308:00 am17 days ago
Defense World20 Nov 202309:43 am18 days ago
Yahoo Finance20 Nov 202308:00 am19 days ago
Insider Monkey16 Nov 202308:00 am23 days ago
GuruFocus.com14 Nov 202307:05 pm24 days ago
MSN14 Nov 202308:00 am25 days ago

Financials for Iridium Communications Inc

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue2.3%198193205194184175168156162150147147151140145139145143134132137
Costs and Expenses-19.0%169209182175166154149145147138138141139134133139137139135132131
  S&GA Expenses-10.6%33.0037.0039.0037.0032.0029.0026.0028.0026.0024.0023.0027.0021.0021.0021.0025.0023.0021.0024.0024.0027.00
  R&D Expenses-10.5%5.006.004.006.005.003.003.004.003.003.003.004.003.002.002.004.003.004.004.007.005.00
EBITDA Margin---0.32*0.34*0.36*0.37*0.36*0.33*0.30*0.29*0.26*0.21*-0.02*-0.06*-0.09*-0.06*0.16*0.17*0.21*--
Interest Expenses-85.1%-34.66-18.72-17.89-18.10-17.63-14.78-14.58-15.89-17.61-17.63-22.77-22.69-22.63-22.51-26.44-30.32-30.49-28.99-25.60-17.85-20.14
Income Taxes-15.3%-6.01-5.21-5.45-0.69-2.051.002.000.00-1.46-9.98-8.60-9.98-5.70-4.58-12.68-34.17-4.44-7.76-9.74-17.29-1.66
Earnings Before Taxes81.9%-6.20-34.275.00-1.500.006.005.00-5.40-3.50-6.20-13.78-17.87-9.69-17.00-44.40-142-22.46-25.87-27.76-24.87-14.51
EBT Margin---0.01*0.01*0.01*0.00*-0.02*-0.05*-0.07*-0.08*-0.10*-0.15*-0.37*-0.40*-0.41*-0.39*-0.18*-0.17*-0.12*--
Net Income94.7%-1.64-30.7410.00-0.812.005.003.00-5.88-2.084.00-5.18-7.92-4.00-12.42-31.70-107-18.01-18.11-18.02-7.58-12.86
Net Income Margin---0.02*0.01*0.01*0.00*0.00*-0.02*-0.02*-0.02*-0.05*-0.10*-0.27*-0.30*-0.31*-0.29*-0.11*-0.10*-0.08*--
Free Cashflow---46.0064.0075.0082.0052.0076.0078.0065.0041.0061.0064.0055.0031.0041.0068.00-41.9713.00--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-2.7%2,7062,7802,8722,9543,0633,0773,0773,1813,2063,2013,2673,3613,3663,3743,3913,6243,8273,9174,0264,0144,107
  Current Assets-5.9%253269279306358343351424393322322348287229180343294321397390497
    Cash Equivalents-34.4%68.0010312716921922723232128721321523718311967.00224367370469465572
  Inventory27.6%71.0056.0037.0040.0039.0028.0028.0029.0023.0028.0030.0032.0033.0037.0038.0040.0039.0037.0035.0028.0022.00
  Net PPE-2.7%2,2292,2912,3842,4332,4802,5412,5962,6622,7202,7862,8512,9172,9813,0463,1113,1813,2393,3043,3373,3713,357
Liabilities0.0%1,7811,7801,7861,8251,9171,8961,8851,8931,8841,8871,9031,9421,9501,9651,9772,1642,2682,3442,4402,4132,507
  Current Liabilities-4.2%11912411614212710696.0010993.0087.0088.0011310110289.00114323285376263325
Shareholder's Equity-7.5%9251,0001,0861,1291,1451,1811,1921,2881,3221,3141,3641,4191,4151,4091,4141,4591,5591,5731,5871,6021,600
  Retained Earnings-37.0%-233-170-83.12-47.74-37.7621.0043.00141176181225276284288300332440458484502509
  Additional Paid-In Capital-1.2%1,1051,1191,1271,1251,1261,1281,1271,1541,1551,1461,1531,1611,1521,1421,1361,1341,1271,1221,1111,1091,098
Shares Outstanding-0.8%125126126126128128130131133133135134134133133132123123113112108
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-18.3%71,116,00087,048,00068,942,00090,271,00088,893,00099,795,00065,770,00089,737,00087,170,00075,201,00050,766,00070,630,00074,605,00063,719,00040,813,00055,690,00078,365,00015,968,00048,120,00038,171,00084,450,000
  Share Based Compensation-5.0%15,945,00016,791,00012,766,00012,106,00013,702,0009,684,0008,240,0006,695,0007,548,0007,633,0004,906,0004,154,0004,765,0004,097,0003,698,0003,614,0004,134,0004,063,0003,327,0003,132,0004,228,000
Cashflow From Investing46.4%-11,998,000-22,382,000-32,905,000-26,511,000-13,738,000-67,450,000-13,568,000-12,638,000-4,807,000-9,520,000-9,417,000-17,203,000-10,612,000-9,168,000-9,487,000-15,063,000-10,175,000-57,938,000-44,643,000-96,661,000120,807,000
Cashflow From Financing-7.4%-93,430,000-86,980,000-77,961,000-111,187,000-83,025,000-39,442,000-141,326,000-42,738,000-8,509,000-67,958,000-63,264,000294,000603,000-3,058,000-186,025,000-184,597,000-71,242,000-56,081,000-1,360,000-48,144,0002,097,000
  Dividend Payments-67.2%16,112,00049,115,000-16,428,000------------------
  Buy Backs13.1%75,374,00066,642,00053,123,0007,666,00080,229,00034,998,000134,166,00038,336,0002,638,00063,133,00059,335,000----------

IRDM Income Statement

2023-09-30
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:    
Total revenue$ 197,602$ 184,060$ 595,983$ 527,198
Operating expenses:    
Research and development5,0374,86514,54110,470
Selling, general and administrative33,36832,140109,39186,905
Depreciation and amortization76,82576,397267,213227,739
Total operating expenses169,447166,186560,651469,292
Operating income28,15517,87435,33257,906
Other expense, net:    
Interest expense, net(34,660)(17,632)(71,273)(46,989)
Other income (expense), net343(146)981(374)
Total other expense, net(34,317)(17,778)(70,292)(47,363)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest(6,162)96(34,960)10,543
Income tax benefit (expense)6,0092,05316,673(1,013)
Loss on equity method investments(1,489)0(4,321)0
Net income (loss)$ (1,642)$ 2,149$ (22,608)$ 9,530
Weighted Average Number of Shares Outstanding, Basic125,176127,697126,100128,800
Weighted Average Number of Shares Outstanding, Diluted125,176129,075126,100130,284
Earnings Per Share, Basic and Diluted$ (0.01)$ 0.02$ (0.18)$ 0.07
Comprehensive income (loss):    
Net income (loss)$ (1,642)$ 2,149$ (22,608)$ 9,530
Foreign currency translation adjustments(712)(366)(753)115
Unrealized Gain on Cash Flow Hedging, net of tax2,01125,5372,41663,971
Comprehensive income (loss)$ (343)$ 27,320(20,945)73,616
Earnings Per Share, Diluted$ (0.01)$ 0.02  
Services    
Revenue:    
Total revenue$ 151,950$ 138,977436,441397,947
Operating expenses:    
Cost of Goods and Services Sold41,39434,378113,43183,796
Subscriber equipment    
Revenue:    
Total revenue20,42227,95989,47495,462
Operating expenses:    
Cost of Goods and Services Sold12,82318,40656,07560,382
Engineering and support services    
Revenue:    
Total revenue$ 25,230$ 17,124$ 70,068$ 33,789

IRDM Balance Sheet

2023-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 67,877$ 168,770
Accounts receivable, net100,71882,273
Inventory71,13639,776
Prepaid expenses and other current assets13,20015,385
Total current assets252,931306,204
Property and equipment, net2,229,1882,433,305
Equity Method Investments68,86349,853
Other assets113,325122,072
Intangible assets, net41,40742,577
Total assets2,705,7142,954,011
Current liabilities:  
Short-term secured debt11,25016,500
Accounts payable14,44021,372
Accrued expenses and other current liabilities59,23567,963
Deferred revenue34,07835,742
Total current liabilities119,003141,577
Long-term secured debt, net1,470,6741,470,685
Deferred income tax liabilities, net131,587151,569
Deferred revenue, net of current portion42,53045,265
Other long-term liabilities16,91816,360
Total liabilities1,780,7121,825,456
Commitments and contingencies
Stockholders’ equity:  
Additional paid-in capital1,105,2451,124,610
Accumulated deficit(233,593)(47,744)
Accumulated other comprehensive income, net of tax53,22651,563
Total stockholders’ equity925,0021,128,555
Total liabilities and stockholders’ equity2,705,7142,954,011
Common Stock, Shares [Member]  
Stockholders’ equity:  
Common stock, $0.001 par value, 300,000 shares authorized, 123,821 and 125,902 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively$ 124$ 126
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
 WEBSITEwww.iridium.com
 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 Dec 08 2023, market cap of Iridium Communications Inc is 5.08 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. 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 Dec 08 2023, IRDM's PE ratio (Price to Earnings) is -216.93 and Price to Sales (PS) ratio is 6.43. 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 0.218 (multiply by 100 for percentage) rate of return.