Latest news with #IridiumCommunications
Yahoo
6 days ago
- Business
- Yahoo
Iridium and Syniverse Partner to Bring Direct-to-Device Satellite Connectivity to Mobile Network Operators Worldwide
MCLEAN, Va., May 29, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new partnership with Syniverse, the world's most connected company®, to support the rollout of Iridium NTN DirectSM service with mobile network operators (MNOs) worldwide. Through this partnership, Iridium NTN Direct is integrating with Syniverse's global platform, making it easy for MNOs to keep their customers continuously connected everywhere on the planet. According to GSMA's 2025 Industry Survey, 85% of MNOs planning to pursue non-terrestrial network (NTN) service are seeking a Low-Earth Orbit (LEO) solution that extends their coverage globally. As part of 3GPP Release 19, Iridium NTN Direct will provide truly global, standards-based direct-to-device (D2D) and narrow-band Internet of Things (NB-IoT) messaging and SOS for consumer devices, automobiles and industrial applications in agriculture, transportation, logistics, energy and utilities. The combination of MNO requirements and Iridium NTN Direct capabilities makes it the ideal solution. With Iridium NTN Direct, MNOs will know they have a reliable partner with a fully deployed, owned and operated satellite constellation, unmatched coverage, globally coordinated mobile satellite services (MSS) spectrum, and a history of providing reliable safety of life services. "We're building the backbone of the global D2D movement, the right way and with the right partners as we prepare for on-air testing with MNOs and chipmakers in the coming months," said Iridium CEO Matt Desch. "The integration of Syniverse's system with the Iridium® network will give MNOs a simple path to expand their footprint to the entire planet." "Satellite networks are becoming a natural extension of the mobile ecosystem, and our role at Syniverse is to make that transition seamless," said Andrew Davies, Chief Executive Officer of Syniverse. "By integrating Iridium NTN Direct into the global mobile framework using standards-based, carrier-grade systems, Syniverse is simplifying deployment, ensuring consistency and security, and accelerating access to non-terrestrial connectivity." For more than 35 years, Syniverse's leadership in mobile interoperability and clearing services has played a key role in enabling MNO adoption for satellite integration, which includes seamless customer roaming, authentication and billing functions. Their system serves approximately 600 carrier customers directly in 170 countries worldwide and connects over 830 mobile operators with their global IPX backbone. Fully 3GPP-compliant and standards-based, Syniverse ensures fast deployment, helping operators confidently unlock new markets. Iridium NTN Direct stands out among Non-Terrestrial Network (NTN) and NB-IoT services by offering MNOs an unmatched combination of truly global coverage, reliability and capability. 3GPP Release 19 is expected to be completed by the end of 2025, and the first Iridium NTN Direct connected devices are planned to be available in 2026. For more information about Iridium, visit: For more information about Iridium NTN Direct, visit: About Iridium Communications Inc. Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location service. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit Forward-Looking Statements Disclosure Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium NTN Direct service. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the development and marketing of the Iridium NTN Direct service, the company's ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on February 13, 2025, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements. Press Contact: Investor Contact: Jordan Hassin Kenneth Levy Iridium Communications Inc. Iridium Communications Inc. +1 (703) 287-7421 +1 (703) 287-7570 SOURCE Iridium Communications Inc.
Yahoo
27-04-2025
- Business
- Yahoo
Iridium Communications First Quarter 2025 Earnings: Beats Expectations
Revenue: US$214.9m (up 5.4% from 1Q 2024). Net income: US$30.4m (up 55% from 1Q 2024). Profit margin: 14% (up from 9.6% in 1Q 2024). EPS: US$0.28 (up from US$0.16 in 1Q 2024). Our free stock report includes 2 warning signs investors should be aware of before investing in Iridium Communications. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in the US. Performance of the American Telecom industry. The company's shares are down 11% from a week ago. It is worth noting though that we have found 2 warning signs for Iridium Communications (1 is a bit unpleasant!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
23-04-2025
- Business
- Yahoo
Iridium Communications (IRDM) Q1 Earnings and Revenues Beat Estimates
Iridium Communications (IRDM) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.73%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.16 per share when it actually produced earnings of $0.31, delivering a surprise of 93.75%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Iridium , which belongs to the Zacks Satellite and Communication industry, posted revenues of $214.88 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.94%. This compares to year-ago revenues of $203.85 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Iridium shares have lost about 20.1% since the beginning of the year versus the S&P 500's decline of -12.3%. While Iridium has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Iridium: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $214.28 million in revenues for the coming quarter and $0.98 on $871.11 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Globalstar (GSAT), has yet to report results for the quarter ended March 2025. This satellite communications company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +53.3%. The consensus EPS estimate for the quarter has been revised 50% lower over the last 30 days to the current level. Globalstar's revenues are expected to be $62.48 million, up 10.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Iridium Communications Inc (IRDM) : Free Stock Analysis Report Globalstar, Inc. (GSAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
22-04-2025
- Business
- Yahoo
Iridium's (NASDAQ:IRDM) Q1 Sales Beat Estimates
Satellite communications provider reported Q1 CY2025 results topping the market's revenue expectations , with sales up 5.4% year on year to $214.9 million. Its GAAP profit of $0.27 per share was 27% above analysts' consensus estimates. Is now the time to buy Iridium? Find out in our full research report. Revenue: $214.9 million vs analyst estimates of $213.4 million (5.4% year-on-year growth, 0.7% beat) EPS (GAAP): $0.27 vs analyst estimates of $0.21 (27% beat) Adjusted EBITDA: $122.1 million vs analyst estimates of $119.2 million (56.8% margin, 2.4% beat) EBITDA guidance for the full year is $495 million at the midpoint, in line with analyst expectations Operating Margin: 28.1%, up from 24.4% in the same quarter last year Subscribers: 1.89 million Market Capitalization: $2.52 billion "Demand for Iridium's mission-critical applications continued to drive revenue growth and support share buybacks," said Matt Desch, CEO, Iridium. With a constellation of 66 low-earth orbit satellites providing coverage to every inch of the planet, Iridium Communications (NASDAQ:IRDM) operates a global satellite network that provides voice and data services to customers in remote areas where traditional telecommunications are unavailable. Satellite telecommunication is generally buoyed by rising global demand for connectivity in costly-to-connect and remote areas. IoT (Internet of Things) expansion and government-backed space and defense initiatives also help. As advancements in low Earth orbit (LEO) technology happen, companies in the space will have more favorable competitive positions, which could lead to further partnerships with mobile network operators to extend coverage. On the other hand, headwinds include high capital expenditures for satellite deployment as well as regulatory hurdles related to spectrum allocation. Competition from larger players like SpaceX's Starlink and Amazon's Kuiper could also intensify over time, especially if tech advancements lead to better unit economics and financial prospects. Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. With $841.7 million in revenue over the past 12 months, Iridium is a small player in the business services space, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and numerous distribution channels. On the bright side, it can grow faster because it has more room to expand. As you can see below, Iridium's 8% annualized revenue growth over the last five years was solid. This is an encouraging starting point for our analysis because it shows Iridium's demand was higher than many business services companies. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Iridium's annualized revenue growth of 5.4% over the last two years is below its five-year trend, but we still think the results were respectable. This quarter, Iridium reported year-on-year revenue growth of 5.4%, and its $214.9 million of revenue exceeded Wall Street's estimates by 0.7%. Looking ahead, sell-side analysts expect revenue to grow 4.7% over the next 12 months, similar to its two-year rate. This projection doesn't excite us and suggests its newer products and services will not lead to better top-line performance yet. At least the company is tracking well in other measures of financial health. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Iridium has managed its cost base well over the last five years. It demonstrated solid profitability for a business services business, producing an average operating margin of 13.5%. Analyzing the trend in its profitability, Iridium's operating margin rose by 19.5 percentage points over the last five years, as its sales growth gave it immense operating leverage. This quarter, Iridium generated an operating profit margin of 28.1%, up 3.7 percentage points year on year. This increase was a welcome development and shows it was more efficient. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Iridium's full-year EPS flipped from negative to positive over the last five years. This is encouraging and shows it's at a critical moment in its life. In Q1, Iridium reported EPS at $0.27, up from $0.16 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Iridium's full-year EPS of $1.06 to stay about the same. We were impressed by how significantly Iridium blew past analysts' EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street's estimates. Zooming out, we think this was a solid quarter. The stock remained flat at $23.45 immediately following the results. Iridium had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
Iridium Communications Full Year 2024 Earnings: Beats Expectations
Revenue: US$830.7m (up 5.1% from FY 2023). Net income: US$112.8m (up by US$97.4m from FY 2023). Profit margin: 14% (up from 1.9% in FY 2023). The increase in margin was primarily driven by lower expenses. EPS: US$0.95 (up from US$0.12 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in the US. Performance of the American Telecom industry. The company's shares are up 12% from a week ago. What about risks? Every company has them, and we've spotted 1 warning sign for Iridium Communications you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
