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Stock impact report

NAV CANADA announces second quarter financial results [Yahoo! Finance]

Iridium Communications Inc (IRDM) 
Last iridium communications inc earnings: 4/28 07:01 am Check Earnings Report
US:NASDAQ Investor Relations: investor.iridium.com
Company Research Source: Yahoo! Finance
In the second quarter of fiscal 2024, the Company saw air traffic levels, as measured in weighted charging units , increase 8.3% on a year over year basis. Excluding the effect of an extra day for the leap year, air traffic levels were 7.1% higher. The Company's revenue for the second quarter of fiscal 2024 was $393 million , compared to $388 million over the same period in fiscal 2023. The Company had negative free cash flow of $28 million in the second quarter of fiscal 2024 as compared to positive free cash flow of $34 million in the same period in fiscal 2023. The decrease in free cash flow is driven by higher cash outflows for operating expenditures, primarily due to higher compensation costs, as compared to the second quarter of fiscal 2023. The Company ended the quarter with a cash balance of $570 million "The second quarter demonstrated a number of positives – including greater operational resilience, preparedness and performance within the ecosystem. At the same time, th Show less Read more
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