IRIDIUM COMMUNICATIONS INC.

(IRDM)
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Delayed Nasdaq  -  04:00 2022-07-06 pm EDT
37.58 USD   -0.21%
07/05Iridium Announces Release Date for Second-Quarter 2022 Financial Results
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06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell Small Cap Comp Value Index
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06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell 2500 Value Index
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Iridium: Q1 Earnings Snapshot

04/19/2022 | 07:13am EDT

MCLEAN, Va. (AP) _ Iridium Communications Inc. (IRDM) on Tuesday reported first-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.

The McLean, Virginia-based company said it had net income of 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The satellite phone company posted revenue of $168.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $156.3 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRDM at https://www.zacks.com/ap/IRDM

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about IRIDIUM COMMUNICATIONS INC.
07/05Iridium Announces Release Date for Second-Quarter 2022 Financial Results
PR
06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell Small Cap Comp Value Ind..
CI
06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell 2500 Value Index
CI
06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell 3000E Value Index
CI
06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell 3000 Value Index
CI
06/24IRIDIUM COMMUNICATIONS INC.(NASDAQGS : IRDM) dropped from Russell 2000 Value Index
CI
06/22IRIDIUM COMMUNICATIONS : Regulation FD Disclosure - Form 8-K
PU
06/22IRIDIUM COMMUNICATIONS INC. : Regulation FD Disclosure (form 8-K)
AQ
06/07Beam Communications Signs $12 Million Contract for New Iridium Certus Device
MT
06/06Beam Communications Holdings Ltd Announces Binding Contract with Iridium Communications..
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Analyst Recommendations on IRIDIUM COMMUNICATIONS INC.
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Financials (USD)
Sales 2022 677 M - -
Net income 2022 9,53 M - -
Net Debt 2022 1 280 M - -
P/E ratio 2022 584x
Yield 2022 -
Capitalization 4 810 M 4 810 M -
EV / Sales 2022 8,99x
EV / Sales 2023 8,60x
Nbr of Employees 540
Free-Float 89,9%
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Technical analysis trends IRIDIUM COMMUNICATIONS INC.
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Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 37,58 $
Average target price 51,20 $
Spread / Average Target 36,2%
EPS Revisions
Managers and Directors
Matthew J. Desch Chief Executive Officer & Director
Thomas J. Fitzpatrick Chief Financial & Administrative Officer, Director
Robert H. Niehaus Director
Gregory Pelton Chief Technical Officer
Manjula Sriram Chief Information Officer & Vice President
Sector and Competitors