Verified facts grounded in source documentation.
Iridium reported Q4 total revenue of $194.7 million, consisting of $148,000,000 of service revenue and $46,700,000 of revenue related to equipment sales and engineering and support projects.
Iridium reported Q4 net income of $38,000,000 for the most recent quarter, compared to a net loss of $800,000 for the same period in 2022.
Iridium is seeking an update to terrestrial network protocols to enable its existing satellites to connect to standard user devices using globally approved L-band spectrum and aims to deploy messaging and SOS services from 2026.
Iridium reported service revenue of $584,500,000 for 2023 and expects service revenue growth of 4–6% for 2024.
Iridium reported total revenue of $790,700,000 for 2023, a 10% increase year-on-year.
Ligado paused its plans to deploy the terrestrial network in 2022 after a review by the National Academies of Sciences, Engineering, and Medicine concluded the network would likely interfere with some GPS signals and Iridium’s L-band connectivity services.
Iridium Communications reported a net loss of $30.7 million, or $0.24 per diluted share, for the second quarter of 2023.
Iridium Communications reported total revenue of $193,100,000 for the second quarter of 2023.
Iridium and its ecosystem partners are developing new Iridium Certus offerings with additional terminal launches and announcements planned later 2023.
Since DEUCSI began in 2017, companies that have won contracts under the program include Lockheed Martin, Northrop Grumman, Raytheon, Ball Aerospace, SES, Iridium, and SpaceX.
Iridium held a contract for up to six Terran 1 launches of replacement satellites and contracted five of those remaining spares to SpaceX in September 2022, leaving at most one launch with Relativity.
Commercial service revenue was Iridium Communications’ largest source of revenue and totaled $429,000,000 in 2022.
Iridium Communications’ commercial service revenue of $429,000,000 in 2022 represented a 10% increase from 2021.
Iridium Communications reported a net loss of $9,300,000 in 2021, or $0.07 per diluted share.
Iridium Communications reported government service revenue of approximately $106,000,000 in 2022, a 2% increase from 2021.
Iridium Communications reported record revenue of $614,500,000 for full-year 2021.
Iridium Communications reported full-year 2022 revenue of $721,000,000.
Iridium Communications reported government service revenue of approximately $106,000,000 in 2022, a 2% increase from 2021.
Iridium’s operational EBITDA increased 8% to nearly $108,000,000 for the three months to the end of September, a record for the operator.
Beam Communications Holdings Ltd. received a new order worth approximately $2,500,000 from Iridium Communications Inc. for the manufacturing of Iridium GO! devices.