Latest news with #IridiumCommunicationsIRDM
Yahoo
4 days ago
- Business
- Yahoo
Iridium Launches Iridium Chat App to Enhance Global Off-Grid Messaging
Iridium Communications IRDM recently unveiled Iridium Chat, a powerful new messaging platform designed to work seamlessly with its Iridium GO! exec satellite communication access device. Available now as a free download on both the Apple App Store and Google Play, Iridium Chat transforms how users communicate beyond the reach of traditional to support the Iridium GO! exec, Iridium Chat delivers a modern app-to-app messaging experience over the Iridium satellite network, known for its global reach and reliability. With the new Iridium GO! exec Unlimited Midband (Certus 100) plan, users can enjoy unlimited app-to-app messaging, location sharing, and image compression and transmission, all at no extra cost and with no data overage this is not limited to satellite connectivity. It seamlessly switches to Wi-Fi or cellular when available, ensuring that messages always get delivered using the most efficient and cost-effective network. The Iridium GO! exec has already carved a niche among remote professionals, government agencies, NGOs, and outdoor explorers by offering battery-powered, portable satellite connectivity. With Iridium Chat, the device's value proposition has grown exponentially. Unlike traditional apps, Iridium Chat uses Iridium Messaging Transport (IMT) to provide real-time delivery status, including 'sending,' 'sent,' and 'delivered' receipts. This is powered by the GO! exec's firmware and a cloud-based messaging backend, offering a premium experience even in the most remote areas. It also supports individual and group chats of up to 50 GO! exec device can support up to four individual users simultaneously (within Bluetooth range), all with their own private Iridium Chat accounts. This multi-user functionality ensures personal privacy and data integrity even on shared devices. The unlimited midband plan ensures users can confidently communicate without unexpected charges or data over Chat's simple setup and robust connectivity make it an attractive choice among users. Each user can rely on real-time communication, track their device location, and share compressed images even when completely off-grid. To get started, download the app from the App Store or Google Play and install it on your smartphone. Next, connect your smartphone to the Iridium GO! exec device via Bluetooth. Once connected, launch the app and follow the prompts to register your user account. After setup is complete, you can begin messaging, whether you're connected through satellite, Wi-Fi, or a cellular satellite communication continues to evolve for mobile connectivity, Iridium's new Chat app positions the company at the forefront of this transformation. By empowering users with real-time messaging, image and location sharing, and group communication capabilities, anywhere on Earth, Iridium has delivered an essential tool for connected professionals and explorers. Iridium has been making solid investments to boost its technology infrastructure. In May 2025, IRDM introduced a special U.S. government version of its Iridium 9603 module, designed to support Enhanced Short Burst Data (ESBD). Notably, ESBD is a secure, low-latency messaging service that ensures high-level transmission security for the U.S. government and authorized year, it introduced the Certus 9704 IoT module and its Development Kit. The module uses Iridium Messaging Transport technology and is designed for satellite IoT applications, enabling real-time data analysis, analytics and automated decision-making. Also, to transform maritime satellite communication and safety services, IRDM unveiled the service launch of the Iridium Certus Global Maritime Distress and Safety System (GMDSS). This innovative solution offers the only global GMDSS, integrating distress alerts, safety voice communication and Maritime Safety Information. Other features include Long Range Identification and Tracking and the Ship Security Alert System, making it a comprehensive safety and connectivity solution for vessels systems are an integral part of Iridium's cyber network, helping users stay connected even in remote areas. However, mobile and satellite communications still face serious risks from cyberattacks. Hackers can sometimes break through security to steal sensitive data, affecting industries like aviation, energy, maritime, emergency services, and government. Iridium could also face losses if customer contracts don't protect it from third-party claims after a breach. Iridium currently carries a Zacks Rank #3 (Hold). Shares of the company have declined 13.5% in the past six months compared with the Zacks Satellite and Communication industry's fall of 26.5%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Juniper Networks, Inc. JNPR, Arista Networks, Inc. ANET and Ubiquiti Inc. UI. JNPR presently sports a Zacks Rank #1 (Strong Buy), while ANET and UI carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within the AI-driven enterprise portfolio that enable customers to simplify the rollout of their campus wired and wireless networks while bringing greater insight to network operators. In the last reported quarter, it delivered an earnings surprise of 4.88%.Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise. It supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 33.3%. Its highly flexible global business model remains well-suited to adapt to the changing market dynamics to overcome challenges while maximizing growth. 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 Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report Iridium Communications Inc (IRDM) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
Iridium's Q1 Earnings & Revenues Top, Increase Y/Y, Shares Tumble
Iridium Communications IRDM reported earnings per share (EPS) of 27 cents for the first quarter of 2025, beating the Zacks Consensus Estimate by 22.7%. The bottom line compared favorably with the prior-year quarter's figure of 16 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Quarterly revenues reached $214.9 million, representing a 5% increase from the previous year, driven by rising demand for Iridium's mission-critical services. Despite the potential for evolving U.S. trade policies and new tariffs to raise equipment costs in 2025, management remains confident in Iridium's growth potential and its ongoing commitment to delivering value to shareholders. The Zacks Consensus Estimate was pegged at $212.9 Service revenues rose 4% year over year to $154.3 million. Service revenues continued to grow over the past year, driven by the introduction of new offerings and an increase in subscribers. The segment contributed 72% to total revenues in the first quarter. Our estimate for the metric was $157.8 million. Commercial service revenues rose 4% to $127.5 million, driven by strong IoT and PNT performance. Voice and data revenues grew 2% to $55.9 million, mainly due to more telephony subscribers. Government service revenues inched up 0.9% to $26.8 million, led by the EMSS contract upgrade with the U.S. government in September 2024. Our estimate for commercial service and voice and data segments was pegged at $130.1 million and $27.8 million, respectively. Iridium Communications Inc price-consensus-eps-surprise-chart | Iridium Communications Inc Quote Subscriber Equipment revenues declined 7% year over year to $23.1 million. Tariffs and trade policy uncertainties could hurt margins going forward, although annual sales volumes are expected to remain stable. We projected the figure to be $21.7 and support revenues surged 23% to $37.5 million, driven primarily by rising U.S. government-related projects, and this trend is expected to continue through 2025. Our estimate was $32 a strong start to the year, IRDM's shares plunged 6.9% in trading on April 22 and closed at $21.61. The downside could have resulted from unclear tariff levels and timing, creating uncertainty and challenges for partners in a shifting macroeconomic landscape. In the past year, shares have declined 26.2% against the Zacks Satellite and Communication industry's growth of 9.8%. Image Source: Zacks Investment Research Total operating expenses were $154.5 million compared with $154.1 million in the prior-year quarter, primarily due to higher depreciation and amortization EBITDA (OEBITDA) increased 6% year over year to $122.1 million. Operating income came in at $60.4 million compared with $49.7 million reported in the year-ago of March 31, 2025, the company had 2,443,000 billable subscribers, up 5% from 2,333,000 at March 2024-end. The year-over-year rise was backed by strength in commercial IoT. As of March 31, 2025, total cash and cash equivalents were $50.9 million, with $1.8 billion of net debt. Capital expenditures were $24.5 million in the quarter under repurchased 2.4 million shares in the first quarter for $70 million. Since the start of the program in 2021, Iridium has bought back $1.1 billion in stock, retiring 32.2 million shares. Under the current authorization, through 2027, $360.3 million remains available. Amid global turbulence and steady business momentum, Iridium reaffirmed its full-year 2025 and long-term guidance. Service revenues are expected to grow between 5% and 7%. OEBITDA is forecasted at $490 million to $500 million, up from $470.6 million in 2024. Iridium currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. Badger Meter, Inc. BMI reported earnings per share (EPS) of $1.30 for first-quarter 2025, which beat the Zacks Consensus Estimate by 20.4%. Also, the bottom line compared favorably with the year-ago quarter's EPS of 99 the past year, shares of BMI have gained 13.8%.BlackBerry Limited BB reported the fourth quarter of fiscal 2025 non-GAAP earnings per share (EPS) of 3 cents. The figure was better than the company's estimate of a loss of 1 cent to EPS of 1 cent. In the year-ago quarter, it reported a non-GAAP EPS of 3 cents. The Zacks Consensus Estimate was pegged at 2 cents per the past year, shares of BB have gained 10.4%.Simulations Plus, Inc. SLP reported second-quarter fiscal 2025 adjusted earnings of 31 cents per share, which fell 3% year over year. However, the figure surpassed the Zacks Consensus Estimate of 25 cents per the past year, shares of SLP have declined 24.1% 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 Badger Meter, Inc. (BMI) : Free Stock Analysis Report Simulations Plus, Inc. (SLP) : Free Stock Analysis Report Iridium Communications Inc (IRDM) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
