Iridium Communications Inc. is a publicly traded American company that operates the Iridium satellite constellation, a system of 80 satellites in low Earth orbit. Iridium provides global voice and data communication services via handheld satellite phones, messaging devices, and integrated transceivers. The company partners with various organizations, including General Dynamics Mission Systems and SpaceX, and serves diverse sectors such as aviation, maritime, and government, offering services like the Global Maritime Distress and Safety System (GMDSS).
All verified mentions of this organization in source documents.
Iridium Communications reported government service revenue of approximately $106,000,000 in 2022, a 2% increase from 2021.
Iridium Communications reported a net loss of $9,300,000 in 2021, or $0.07 per diluted share.
Iridium Communications’ 2022 revenue increased 17% compared to 2021.
Iridium Communications grew subscribers by 16% in 2022 compared to 2021.
Commercial service revenue was Iridium Communications’ largest source of revenue and totaled $429,000,000 in 2022.
Iridium Communications reported 397,000 commercial voice and data subscribers at the end of 2022, a 7% increase from the previous year.
Iridium Communications’ commercial service revenue of $429,000,000 in 2022 represented a 10% increase from 2021.
Iridium Communications reported net income of $8,700,000 in 2022, or $0.07 per diluted share.
Iridium Communications reported full-year 2022 revenue of $721,000,000.
Iridium Communications issued guidance for 2023 of total service revenue growth between 9% and 11%.
Iridium Communications’ engineering and support revenue was $52,000,000 in 2022, a 70% increase from 2021.
Iridium Communications reported OEBITDA of $424,000,000 for 2022, a 12% increase from the prior year.
Iridium Communications reported record revenue of $614,500,000 for full-year 2021.
Iridium Communications’ subscriber equipment revenue was $135,000,000 in 2022, a 46% increase over 2021.
Iridium Communications reported 1,448,000 commercial IoT data customers in 2022, a 21% increase from the year-ago period.
Iridium Communications eclipsed 2 million subscribers at the start of 2023 and had nearly 2,020,000 subscribers.
Iridium Communications’ IoT data subscribers represented 78% of billable commercial subscribers in 2022, up from 76% in 2021.
Iridium is partnering with Qualcomm to roll out its direct-to-smartphone technology on new Android smartphones in the second half of 2023.
Iridium Communications has unveiled the Iridium GO! exec™, a new class of personal satellite communication device.
GIT will support U.S. government customers with hardware platforms, airtime, and data services for Iridium Certus.