Edition:
United States

Iridium Communications Inc (IRDM.OQ)

IRDM.OQ on NASDAQ Stock Exchange Global Select Market

12.25USD
8 Dec 2017
Change (% chg)

$0.05 (+0.41%)
Prev Close
$12.20
Open
$12.25
Day's High
$12.35
Day's Low
$12.18
Volume
108,752
Avg. Vol
175,570
52-wk High
$12.88
52-wk Low
$7.85

Latest Key Developments (Source: Significant Developments)

Iridium announces Q3 earnings per share $0.23
Thursday, 26 Oct 2017 07:01am EDT 

Oct 26 (Reuters) - Iridium Communications Inc :Iridium announces third-quarter 2017 results; updates 2017 outlook.Q3 earnings per share $0.23.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q3 revenue $116.5 million versus I/B/E/S view $114 million.Iridium Communications Inc - ‍Affirmed full-year 2017 outlook for total service revenue growth​.Iridium Communications- ‍Also affirmed long-range outlook for total service revenue growth, oebitda margin, peak net leverage and 2019 net leverage​.  Full Article

Iridium says entered into supplemental agreement with Société Générale, as BPIAE agent
Thursday, 27 Jul 2017 08:01am EDT 

July 27 (Reuters) - Iridium Communications Inc :Iridium communications says on july 26, entered into supplemental agreement with Société Générale, as bpiae agent, under bpiae facility agreement - sec filing.Iridium communications inc - credit facility delays $54 million of our 2017 dsra contributions, provides a refund of $33 million in contributions made to date.Iridium - credit facility provides for refund of extra $11 million in contributions made in event that projected available cash falls below $35 million on 3-montth.Iridium communications inc - credit facility also requires that we suspend payment of dividends on our 7% series a cumulative perpetual convertible preferred stock.Iridium - credit facility requires that co suspend payment of dividends on 6.75% series b cumulative perpetual convertible preferred stock for 5 quarters.Iridium communications - on july 26, co entered into amendments 28, 29 to full scale development contract with thales alenia space france sas.Iridium communications - under amendment 28, we agreed with thales that liquidated damages for thales production delays to date would be set at $30 million.Iridium communications inc - $30 million received to be used only to offset costs otherwise payable by us to thales under fsd.Iridium communications inc - costs payable by co to thales for non-thales delays exceeding $30 million would be payable in cash.  Full Article

Iridium Communications Q2 earnings per share $0.20
Thursday, 27 Jul 2017 07:00am EDT 

July 27 (Reuters) - Iridium Communications Inc ::Iridium announces second-quarter 2017 results; company affirms 2017 outlook.Q2 earnings per share $0.20.Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q2 revenue $111.6 million versus I/B/E/S view $109.2 million.Iridium Communications Inc says company affirmed its full-year 2017 outlook for total service revenue growth and oebitda.Sees total service revenue between $440 million and $465 million for full-year 2019.FY 2017 earnings per share view $0.87, revenue view $437.8 million -- Thomson Reuters I/B/E/S.  Full Article

Iridium Communications posts Q1 EPS of $0.30
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - Iridium Communications Inc :Iridium announces first-quarter 2017 results; company affirms 2017 and long-range outlook.Q1 earnings per share $0.30.Q1 revenue $104.4 million.Says company affirmed its full-year 2017 outlook for total service revenue growth and oebitda.Q1 earnings per share view $0.20, revenue view $105.2 million -- Thomson Reuters I/B/E/S.  Full Article

Iridium Communications annouces new partnership with Lindsey Manufacturing
Thursday, 20 Apr 2017 08:01am EDT 

April 20 (Reuters) - Iridium Communications Inc :New partnership with Lindsey Manufacturing.  Full Article

Iridium Q4 earnings per share $0.19
Thursday, 23 Feb 2017 07:00am EST 

Iridium Communications Inc : Iridium announces fourth-quarter and full-year 2016 results; company issues 2017 outlook . Q4 earnings per share $0.19 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Q4 revenue $107.4 million versus I/B/E/S view $107.8 million . Affirmed long-range outlook and issued 2017 full-year guidance . Iridium communications inc sees total service revenue growth between 3% and 5% for full-year 2017 .Iridium communications inc sees full-year 2017 OEBITDA between $255 million and $265 million.  Full Article

Iridium to enter into a separate development services contract with Boeing
Wednesday, 30 Nov 2016 07:30am EST 

Iridium Communications Inc - : Iridium and Boeing restructure relationship to help ensure smooth transition into the Iridium next era . In addition, Iridium will enter into a separate development services contract with Boeing . Affected Boeing employees working in Iridium satellite constellation to be offered positions within Iridium .As per agreement, co to hire majority of Boeing team that does operations/maintenance on co's satellites, beginning January 3, 2017.  Full Article

Iridium reports Q2 earnings per share of $0.22
Thursday, 28 Jul 2016 07:00am EDT 

Iridium Communications Inc : Quarter 2016 results; reports record net subscriber additions . Q2 earnings per share $0.22 . Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . Q2 revenue $109.2 million versus i/b/e/s view $107.3 million .Affirmed its full-year 2016 outlook.  Full Article

Iridium Communications Inc - New U.S. sanctions a headache for companies linked to North Korean gold - Reuters News
Monday, 28 Mar 2016 10:57am EDT 

Iridium Communications Inc:More than two dozen U.S.-listed companies have links to North Korean gold in their supply chains, according to regulatory disclosures reviewed by Reuters, potentially putting them at risk of penalties under tough new U.S. sanctions against Pyongyang's mining sector. - RTRS.A March 16 executive order by President Barack Obama allows the United States to blacklist anyone found to be operating in North Korea's mining sector or to have purchased metal from its government - even indirectly through a third-country supplier.The use of North Korean gold or other metals could open a company to millions of dollars in U.S. fines, criminal prosecutions and costly investigations.U.S. Securities and Exchange Commission (SEC) filings show 25 companies, including Pitney Bowes Inc, Winnebago Industries Inc and Iridium Communications Inc, disclosed in 2015 that their suppliers had used a gold smelter operated by North Korea's central bank.Gold is widely used in electronics, valued for its ability to conduct electricity efficiently. Reuters did not find links between firms and any other North Korea-sourced metals based on SEC filings.Another company that listed North Korean gold in its supply chain was Oregon technology company Radisys Corp.A spokesman said he was unsure of the company's ties to the North Korean refinery. The company uses gold to make electronics and would switch to another supplier if required by law, he said.  Full Article

Iridium says last call from its device on missing Argentine submarine was Wednesday

BUENOS AIRES U.S. satellite communications company Iridium Communications Inc said on Sunday the last call from its device aboard a missing Argentine submarine was made at 1136 GMT on Wednesday, the day the vessel vanished.