Iridium Announces First-Quarter 2020 Results; Company Updates 2020 Outlook
Iridium Communications Inc (IRDM)
Last iridium communications inc earnings: 4/28 07:01 am
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Source: PR Newswire
MCLEAN, Va., April 28, 2020 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 million, or $0.24 per diluted share, for the first quarter of 2020, as compared to net loss of $18.0 million, or $0.18 per diluted share, for the first quarter of 2019. This increase in net loss was primarily the result of debt extinguishment costs associated with Iridium's refinancing of its senior unsecured notes. Operational EBITDA ("OEBITDA")(1) for the first quarter was $92.1 million, as compared to $78.0 million for the prior-year period, representing a year-over-year increase of 18% and an OEBITDA margin(1) of 63%. OEBITDA primarily benefitted from strength in commercial and government service revenue.Iridium reported first-quarter total revenue of $145.3 million, which consisted of $116.0 million of service revenue and $29.3 million of revenue related to equip
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IRDM
News
- Iridium Communications (NASDAQ:IRDM) had its "equal weight" rating reaffirmed by analysts at Morgan Stanley. They now have a $24.00 price target on the stock, down previously from $37.00.MarketBeat
- Iridium Communications (NASDAQ:IRDM) was downgraded by analysts at Morgan Stanley to an "equal weight" rating.MarketBeat
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IRDM
Earnings
- 10/23/25 - Beat
IRDM
Sec Filings
- 1/8/26 - Form SCHEDULE
- 1/7/26 - Form 4
- 1/7/26 - Form 4
- IRDM's page on the SEC website